Haute 100 Update: Carlos Slim Spends $8.8M on Even More NY Times and Saks Shares
Named the world’s richest man in March for the second year running with a fortune estimated at about $74 billion, Carlos Slim certainly has cash to spend. On August 18, the 71-year old Mexican business tycoon increased his stakes in both the New York Times and Saks with the purchase of several shares of both companies, spending $8.8 million.
Through his fund, Carso S A, Slim purchased 553,000 Class A shares in the New York Times for prices raging from $6.83 to $7.09 per share. The new shares increased Slim’s stake in the company – which publishes its namesake newspaper as well as the Boston Globe – from 6.9 percent to 7.3 percent.
Already Saks’ largest shareholder, Slim raised his total shares to 26.24 million from 25.62 million in early 2010 with the new purchase of 620,000 additional shares – giving Slim a 16 percent stake in the luxury retail giant.
On Tuesday, August 23, shares of both New York Times and Saks rose about 4 percent.
Our Haute 100 list details the accomplishments of the most influential people in each of our markets. To see the entire Haute 100 New York list, click here.
Related Articles
The Season Has Arrived: Two Summer Journeys for the Traveler Who Knows Where to Be
From the French Riviera’s gilded cliffs to the marble light of the Greek islands — this issue’s most inspiring summer experiences, curated by Haute Black.
An Evening to Remember: Haute Living Celebrates Daymond John
Haute Living gathered Miami’s most distinguished guests at Air Club Miami by Seaspice, for an intimate cover celebration honoring Daymond John—entrepreneur, investor and cultural icon. Photo Credit: Omar Vega Presented alongside partners Braman Miami, Rolls-Royce Motor Cars Miami, Tsinandali Estate Wine and Ayanat Skincare, the evening was a testament to the kind of luxury that […]
Here’s Where to Buy the Best Flowers for Mother’s Day
This is our guide to the best places to buy flowers from this Mother’s Day—from The Bouqs Co. to UrbanStems to 1-800-Flowers.
Haute Launch Alert: Dior’s New Beauty Products Are This Spring’s Must-Have Essentials
Dior launched two beauty products that we are shopping immediately: Dior’s Forever Skin Glow foundation and Hydrating Invisible sunscreen.
How Daymond John Stays on Top of the Food Chain: From Shark Tank to Shark Gevity
Daymond John goes beyond Shark Tank—exploring biohacking and his new longevity venture, Shark Gevity, in this exclusive Haute Living story.
A World-Class Equestrian Spectacle Returns to Miami Beach
Photo Credit: Courtesy of GCAT This April, the Global Champions Arabians Tour returns to Miami Beach, transforming the city’s iconic shoreline into a world-class stage for one of the most visually striking equestrian events in the world. From April 9 to 11, elite Arabian horses and their handlers will compete for championship titles and points […]
Latest Stories
Trending Articles
Related Articles
The Season Has Arrived: Two Summer Journeys for the Traveler Who Knows Where to Be
From the French Riviera’s gilded cliffs to the marble light of the Greek islands — this issue’s most inspiring summer experiences, curated by Haute Black.
An Evening to Remember: Haute Living Celebrates Daymond John
Haute Living gathered Miami’s most distinguished guests at Air Club Miami by Seaspice, for an intimate cover celebration honoring Daymond John—entrepreneur, investor and cultural icon. Photo Credit: Omar Vega Presented alongside partners Braman Miami, Rolls-Royce Motor Cars Miami, Tsinandali Estate Wine and Ayanat Skincare, the evening was a testament to the kind of luxury that […]
Here’s Where to Buy the Best Flowers for Mother’s Day
This is our guide to the best places to buy flowers from this Mother’s Day—from The Bouqs Co. to UrbanStems to 1-800-Flowers.
Haute Launch Alert: Dior’s New Beauty Products Are This Spring’s Must-Have Essentials
Dior launched two beauty products that we are shopping immediately: Dior’s Forever Skin Glow foundation and Hydrating Invisible sunscreen.
How Daymond John Stays on Top of the Food Chain: From Shark Tank to Shark Gevity
Daymond John goes beyond Shark Tank—exploring biohacking and his new longevity venture, Shark Gevity, in this exclusive Haute Living story.
A World-Class Equestrian Spectacle Returns to Miami Beach
Photo Credit: Courtesy of GCAT This April, the Global Champions Arabians Tour returns to Miami Beach, transforming the city’s iconic shoreline into a world-class stage for one of the most visually striking equestrian events in the world. From April 9 to 11, elite Arabian horses and their handlers will compete for championship titles and points […]
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events