Tuesday, April 21, 2015

The `New York Times'' Mexican Billionaire Connection Revisited: Conclusion

New York Times Owner Slim’s U.S. Real Estate Investments

In New York City and other U.S. cities, Slim has also apparently been purchasing more real estate property since he purchased stock in Citigroup and the New York Times Company in 2008. As Adam Piore noted in an Oct. 1, 2010 article in The Real Deal article:

“…New Yorkers know him as…the man who…dropped $44 million on the Duke Semans Mansion on the Upper East Side, but Mexican billionaire Carlos Slim has plenty of other real estate holdings outside of New York...While Slim has beefed up his New York real estate portfolio lately, he’s also made moves like gaining control of a prime half-billion-dollar property in Beverly Hills…His New York purchases were made through Inmobiliaria Carso, a closely held entity for Slim’s family that is not required to release as much information… Slim ponied up $140 million in June to buy 417 Fifth Avenue from a joint venture of the Moinian Group and Goldman Sachs’ Whitehall Street Real Estate Fund…."

So don’t expect The New York Times to start publishing many new expose’s of the New York City real estate industry if Mexican Billionaire Oligarch and Philip Morris International board member Carlos Slim increases his share of New York Times Company stock to 19 percent in 2015.

(end of article)

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