The Stocks that made Carlos Slim the Richest Man in the World
Now that Forbes has announced that Carlos Slim Helu has become the richest man in the world, investors are looking at the stocks that he owns and is connected with. Here are the primary companies that Slim is associated with.
Approximately one half of the shares of Teléfonos de Mexico (TMX), which is also known as Telmex, is owned by Slim and his family. This huge Mexico based telecommunications company, at which Slim has served a Chairman, has a forward price to earnings ratio of 10 and pays a yield of 4.4%. Earnings for the latest quarter were up 67.7% year over year.
Slim has also served as Chairman of América Móvil (AMX), which is the fourth largest mobile network operator in the world and the largest corporation in Latin America. It also operates the largest mobile operator in Mexico. The stock has a forward PE of 11 and a yield of 1%.
About 6.4 percent of the shares in The New York Times Company (NYT), the largest local metropolitan newspaper in the United States, is owned by Slim. The stocks has a PE of 16.
He is also on the Board of Directors for Philip Morris International (PM), which has over 15% of the worldwide non-US market for cigarettes. The company has a forward PE of 12 and a yield of 4.6%.
If you want to see the shareholdings of the third richest man in the world, Warren Buffett, you can get a sortable list at WallStreetNewsNetwork.com.
Author does not own any of the above.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
