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Article: SLIM HELU ; THE MEXICAN TYCOON WHO COULD SOON BE THE WORLD'S RICHEST MAN ++ Money, money, money
- Article from:
- The Independent (London, England)
- Article date:
- March 10, 2007
- Author:
CopyrightCopyright 2007 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Early next week, Carlos Slim will announce a grand expansion of
his already significant philanthropic activities in his native
Mexico. He plans to unveil three new charitable institutions, no
less, spewing cash in myriad directions to benefit education, health
care and recreation opportunities for the very poor.
In a country where almost half the population subsists on $2 a
day, the initiative will draw wide praise. The giving away of
personal fortunes is a relatively new practice in Mexico - in
contrast to the US where philanthropy has long been expected of the
very rich - and over recent years Mr Slim has become good at it. Yet
the timing of his gesture will raise eyebrows and prompt ...