Site icon Media Moves

Slim buys more NYT stock

TwitterFacebookPinterestEmailShare

Mexican billionaire Carlos Slim has added another 553,000 New York Times Co. shares to his portfolio, increasing his stake from 6.9% to 7.3%.

According to a regulatory filing yesterday, Sliim’s Inmobiliaria Carso SA de CV, owned 10.6 million NYT shares as of Thursday.

Bloomberg reports Slim is following his long-held strategy of adding to his investments when markets slump.  Named the world’s richest man for a second year in a row in March by Forbes magazine, Slim’s publicly disclosed holdings are worth about $63 billion, according to data compiled by Bloomberg. He has lost about $8.3 billion, or 12%, from July 29 through Aug. 23, during Wall Street’s recent slump.

TwitterFacebookPinterestEmailShare
Exit mobile version