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November 29, 2013 1:54 pm

Mexican Billionaire Carlos Slim: ‘We Will Continue to Invest in Israel’

avatar by Joshua Levitt

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Mexican Billionaire Carlos Slim (left) with Mobli CEO Moshe Hogeg. Photo: Mobli.

Mexican Billionaire Carlos Slim (left) with Mobli CEO Moshe Hogeg. Photo: Mobli.

The world’s second-wealthiest man, Mexican billionaire Carlos Slim, said he plans to continue to invest in Israel, particularly in the healthcare and telecoms industry, after investing in Israeli photo and video-sharing platform Mobli earlier this month, Israel’s Globes business daily reported late on Thursday.

“We will continue to invest in Israel. We have nothing concrete at the moment, and we’re focusing on strengthening our investment in Mobli Ltd., but we will definitely continue to invest. As far as we’re concerned, everything is open,” Slim said. Three weeks ago, Slims’s América Móvil led a $60 million round of investment in Mobli. As part of the deal, Mobli will get distribution with the mobile carrier’s 246 million mobile subscribers in 18 countries.

Speaking to reporters, Slim said, “We have not targeted any specific company, but every field is possible. We’re especially interested in the healthcare industry and telecommunications, but I do not rule out finances or retail. We’re very open to anything that moves innovation forward.”

The billionaire’s attention to Israel came as part of a business conference organized in concert with Israeli President Shimon Peres’s state visit to Mexico.

Slim, whose family emigrated to Mexico from Lebanon, would not comment directly to reporters when or if he planned to visit Israel, personally. However, at a working meeting with Peres, Slim said, “I am excited by the invitation and I would be pleased to visit Israel.”

His son, Carlos Slim, Jr., 46, an heir-apparent to the Slim’s empire, told Globes that “Mexico could be a very interesting target for investment by Israeli companies. There are also possibilities for Israeli companies to link up with Mexican companies and joint develop activity.”

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  • Clara

    We will continue to invest outside of Mexico 🙂

  • Avner

    Obama will not be happy about this. And will no doubt try to punish him, if he Carlos Slim is seen to be supportive of Israel.

  • zadimel

    Arie, you still don’t get it:The so-called “Jew hating US administration” has provided the Israeli military with the most assistance ever extended to the defense of Israel from any administration.In addition to the $3 billion in military support,joint military exercises in 2009(Juniper Cobra) and 2012(Austere Challenge) continued to hone the joint efforts of military defense. In addition,US and Israel joint efforts continue with the Arrow and David’s Sling missile systems as well as the sale of bunker busting bombs and F-35 advanced fighters.

    • Avner

      Those are all policies which were signed during the Bush administration. They were part of a ten-year package that was signed by Bush in 2007, and will last through to 2017.

    • Fortune


  • Arie

    Given his relationship with the Jew hating US administration, we can expect a major attack and series of threats by obama against slim

    • Joey

      If that’s true, then the Mexican drug cartel will solve all of America’s problems with a barrage of shots….