Mexican Billionaire Slim Searching For Energy Investments
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.2%
Revenue Growth %: +9.4%
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The world's richest man according to Forbes, Carlos Slim said on Wednesday that he is open to looking outside of Mexico for new energy projects to invest in, including eying projects in Australia and the Asia/Pacific region.
The 70-year-old Mexican billionaire said that “maybe” he would consider investing in the power sector; aside from the hydro-electric projects in Panama that currently have his interest.
When asked about the potential of Australia and the Asia/Pacific region, Slim said that he was not currently looking at anything there, but added that "The potential of this country and this region is very important."
Slim was ranked as the wealthiest man in the world by Forbes, worth $53.5 billion, and he is famed for his cigar-smoking persona and modest lifestyle.
Slim owns companies that include Telmex and America Movil, which are the leaders of the Mexican telecommunications market. He also owns a stake in the New York Times Co. (NYSE: NYT), which saw shares rise earlier this month on speculation that Slim would acquire a larger stake.
"It is not (about) the money/material issue but your family, your friends, your personal life; time to appreciate the colors, the sun sets, the flowers, the weather, the places, the people," Slim said at the Forbes CEO conference in Sydney.
The 70-year-old Mexican billionaire said that “maybe” he would consider investing in the power sector; aside from the hydro-electric projects in Panama that currently have his interest.
When asked about the potential of Australia and the Asia/Pacific region, Slim said that he was not currently looking at anything there, but added that "The potential of this country and this region is very important."
Slim was ranked as the wealthiest man in the world by Forbes, worth $53.5 billion, and he is famed for his cigar-smoking persona and modest lifestyle.
Slim owns companies that include Telmex and America Movil, which are the leaders of the Mexican telecommunications market. He also owns a stake in the New York Times Co. (NYSE: NYT), which saw shares rise earlier this month on speculation that Slim would acquire a larger stake.
"It is not (about) the money/material issue but your family, your friends, your personal life; time to appreciate the colors, the sun sets, the flowers, the weather, the places, the people," Slim said at the Forbes CEO conference in Sydney.
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