Mexican telecommunications tycoon and billionaire Carlos Slim has bought a 6.4 percent stake in The New York Times Co, the newspaper publisher said on Wednesday. Slim, the world's second-richest man according to Forbes magazine, is the second prominent investor this year to buy a piece of the US company, which publishes The New York Times, the Boston Globe and smaller daily newspapers.
Slim - 68, a son of a Lebanese immigrant, and a rare billionaire who eschews private jets, yachts and other executive trappings - has an estimated net worth of $60 billion, according to Forbes, That is behind only Berkshire Hathaway Chief Executive Warren Buffett's $62 billion.