Carlos Slim

Billionaire Elon Musk became the first person in the world to have a wealth of more than $400 billion, an accomplishment that came following the 2024 presidential election. Musk wasn't the only billionaire to see their wealth grow dramatically in 2024. Here's a look at the top 10 richest people in...

The year 2024 marked a significant increase in the net worth of the world’s wealthiest individuals, particularly those in the tech sector. What Happened: 2024 wasn’t a year of financial prosperity for all, with some billionaires in the luxury retail sector experiencing substantial...

Billionaire Elon Musk regained the title of world's richest person to end the 2023 year, after a move back to first place in February and again in May. Musk and the other nine richest people in the world all saw their wealth grow dramatically in 2023 thanks to a strong stock market and soaring...

The CEO and co-founder of one of the largest technology companies in the world is likely smiling, with shares continuing their strong year-to-date gains and his wealth soaring following a rough 2022. What Happened: A strong first-quarter earnings report from Meta Platforms (NASDAQ: META)...

Tech billionaires are known for their lavish lifestyles and extravagant spending habits. Many of these tycoons turned their startups into some of the biggest companies in the world resulting in billions of dollars in personal wealth accumulation.  When you have more money than you could ever...

The bear market in 2022 was a rough patch for billionaires around the world. Or at least, for their balance sheets. Last year’s annual ranking of the planet’s richest people by Forbes, featured 87 fewer people than in 2021, with the group losing a collective $400 billion on the heels of...

The S&P 500 posted its worst first half to a year since 1970. The sharp declines for many publicly traded companies sent the net worth of the world’s richest billionaires down to start the year. Here’s how much wealth the top 10 richest people lost. What Happened: The 500 richest...

In 2010, Carlos Slim became the first non-U.S. resident to top Forbes' list of the world's richest people in 16 years, knocking Bill Gates from the top of the list. About Carlos Slim: Forbes now ranks Slim as the 12th richest person in the world, with a net worth of $59.4 billion....

Insider buying can be an encouraging signal for potential investors. A couple of insiders made return trips to the buy window. Insider buying is subdued overall while earnings season is in full swing. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for...

It's a head-to-head race between Amazon.com, Inc. (NASDAQ: AMZN)'s Jeff Bezos and America Movil SAB de CV (ADR) (NYSE: AMX)'s Carlos Slim Helú for the world’s fourth-richest person spot. And it looks like, once again, Bezos is ahead. Following Amazon's top and...

Mexican billionaire Carlos Slim is now the biggest stakeholder of The New York Times Company (NYSE: NYT) after entities affiliated with him exercised their warrants to acquire 15.9 million Class A shares of the company at a cost of $101.1 million or $6.3572 per share. Slim had received these...

Mexican billionaire Carlos Slim made news last month when he suggested implementation of a three-day workweek. Slim reiterated his three-day workweek proposal in Houston Monday saying the downside -– longer work hours and delaying retirement until the age of 70 to 75 -- would be more than...

A rumor is circulating that, if true, could further impact one of America's premier journalism outlets. According to Bloomberg, Telecom mogul Carlos Slim Helú is planning on doubling his stake in the New York Times Company (NYSE: NYT). That action would reportedly bring his stake to 19 percent...

There are a few stocks that are publicly traded that have recently gotten the proverbial "Elon Musk bump" as the now-iconic entrepreneur and visionary stakes his claim in financial markets. However, recent jitters over the long-term sustainability of the new technologies his many companies...

Apparently, the world has a new richest man. Actually, reclaiming the top spot is more accurate. According to Bloomberg, Microsoft (NASDAQ: MSFT) founder Bill Gates is, once again, the world’s richest man. He moved ahead of Mexican telecom mogul Carlos Slim in rankings released on May 16 by...