To mark the 20 years it’s been since launching his fashion enterprise “Sean John,” Diddy dropped a very special collection featuring the work of esteemed artist Jean Michel Basquiat.
Donald Trump cannot catch a break. Mexican billionaire Carlos Slim has become the latest to cut ties with the real estate mogul after his anti-immigrant remarks during his presidential campaign announcement speech.
Telecoms magnate Slim is the world’s second-richest man, with a net worth of around $71.1 billion, according to Forbes. Trump is at number 405 on the list, worth $4.1 billion.
The latest development comes as a television company controlled by Mexican billionaire, Carlos Slim, has cancelled a project with Trump that was said to be worth millions.
This is the third company to cut ties with Trump, who is seeking the Republican nomination for the November 2016 presidential election.
Ora TV, the production company co-founded by Slim and TV personality Larry King and funded by Slim’s America Movil, had been working with Trump for several months on the project.
As a result of Trump’s comments, NBC removed Trump’s “Miss USA” from their programming following in the footsteps of Spanish-language broadcaster Univision, who said it would not air the “Miss USA” pageant.
Macy’s Department stores have also decided to discontinue their business relationship with Mr. Trump and will phase-out the Trump menswear collection, which has been sold at Macy’s since 2004.” Macy’s issues a statement “We are disappointed and distressed by recent remarks about immigrants from Mexico. We do not believe the disparaging characterizations portray an accurate picture of the many Mexicans, Mexican Americans and Latinos who have made so many valuable contributions to the success of our nation.
An Ora TV spokesperson released the following statement,
“Trump was totally out of line…working with someone so closed-minded was not going to work.”
He added that the comments were racist and hurtful.
Lets take a look at who Carlos slim helu is …
Carlos Slim Helu is one of the three richest men in the world, despite changes in the Mexican telecom landscape, where he has prospered greatly over the past two decades. A new anti-monopoly law is driving some of the shifts. In June 2014, he spent $5.6 billion to buy out AT&T’s 8.3% stake in pan-Latin American wireless carrier America Movil — by far Slim’s most valuable asset. He and his children now own 62% of the company. AT&T then became an America Movil competitor in Mexico, when it purchased wireless carrier Grupo Iusacell from Mexican billionaire Ricardo Salinas Pliego in January 2015. Outside of telecom, Slim took private his listed real estate company, Innmeubles Carso, paying minority shareholders $450 million in December 2014. A month later, he became the largest shareholder of The New York Times, with a nearly 17% stake, by exercising warrants to buy more shares. Slim also holds a controlling interest in industrial conglomerate Grupo Carso, financial venture Grupo Financiero Inbursa and infrastructure development and operating company Ideal.
Carlos Slim in 82 Seconds
Forbes Talks To The Richest Person In The World