Question: How can anyone with $14 billion manage to increase their wealth by more than 50% per year for four consecutive years? Legally, that is. The Times story really doesn’t give us a clue other than to say that it’s “thanks to a string of acquisitions and the ballooning value of his telecom holdings.” That’s not very helpful.
Just to give a sense of scale, Slim’s wealth, according to the Times, is equal to 6% of Mexico’s GDP. That’s roughly equivalent to an American tycoon having a net worth of nearly a trillion bucks. American capitalism clearly has some catching up to do.