In 2005, when he also invested in the Volaris airline. Having amassed a 50.1% stake in Cigatam, the tobacco company, Slim reduced his holdings by selling a large part of that to Philip Morris in 2007 for $1.1bn. He also licensed the Saks name and opened Saks Fifth Avenue in Santa Fé, Mexico. The following year saw him take a 6.4% stake in The New York Times Company. Who ?
A-Carlos Slim
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