Prior to the update, Slim was listed as a $1 million to $5 million contributor. The updated version of the site says he has donated between $250,000 and $500,000.
We’re talking bucks, not only by Slim individually, but through his TracFone, Inmobiliaria Carso, and Telmex companies:
Slim, the world’s second-wealthiest man, runs a number of telecommunications companies in his native Mexico. One of them, TracFone, is a prominent U.S. federal government contractor. The company paid $40 million to the Federal Trade Commission in January to settle allegations of deceptive advertising practices.TracFone has donated between $5 million and $10 million to the Clinton Foundation, according to its website.
Another Slim company, Inmobiliaria Carso, appeared on the Clinton Foundation’s donor lists for the first time this year. The company contributed between $1 million and $5 million, according to the foundation’s website.
A charitable group associated with Slim’s Telmex, which controls most of Mexico’s landline phone market, has donated another $1 million to $5 million, including contributions in 2015 (the dates of its contributions, and the extent of its support this year, are not known).
Unlike the Eychaner and Lessfield updates, however, Slim’s revised contribution numbers reveal a new vehicle for his donations to the foundation in Inmobiliaria Carso, which had not previously appeared on the foundation’s donor list.
The company’s donations are also of note given controversy over ties between the foundation and the New York Times. Inmobiliaria Carso is the investment vehicle through which Slim owns his sizable stake in the New York Times Company, according to publicly available financial statements.
As of January this year,
Slim has become the largest shareholder of New York Times Co (NYT.N) after exercising warrants to double his stake in the publisher to 16.8 percent
He recently was in the news when his television production company, Ora TV, dropped a project with companies owned by Donald Trump.
A rundown of the many connections between the Times and the Clintons