DealBook: America Movil Increases Stake in Telekom Austria

The world?s richest man wants to make sure his cell-phone company America Movil, the largest in Latin America, remains that way. To do so, Mexican billionaire??Carlos Slim Helu could invest at least $13.9 billion to grow the network in Brazil and Mexico this year, analysts said. Their estimates follow America Movil?s announcement last week??that it??plans ...

The world?s richest man wants to make sure his cell-phone company America Movil, the largest in Latin America, remains that way. To do so, Mexican billionaire??Carlos Slim Helu could invest at least $13.9 billion to grow the network in Brazil and Mexico this year, analysts said. Their estimates follow America Movil?s announcement last week??that it??plans ...

Graham and Dodd Investor submits:According to Forbes Magazine, Mexico's Carlos Slim Helu has edged out Warren Buffett, and yes, even Bill Gates, to become the richest man in the world. Slim is his father's surname, and Helu is his mother's (maiden name), and thus he is distinguished from his own son, Carlos Slim Domit. So who is this relative unknown from a developing country?

Stockerblog submits: The new world's richest billionaire is not Bill Gates, founder of Microsoft (MSFT). It's not Warren Buffett, founder of Berkshire Hathaway (BRK.A) (BRK.B).