Published on May 26, 2026
Mexican billionaire Carlos Slim has outlined plans to invest approximately $5 billion in various sectors this year. Slim, the chairman emeritus of Grupo Carso, typically aligns his investments with major economic players. However, this year marks a notable shift in strategy.
Reacting to ongoing fluctuations in the oil market, Slim announced he would not pursue new ventures with state-owned oil company Petroleos Mexicanos (Pemex). This decision comes as Pemex continues to grapple with substantial debt and declining production rates, raising concerns about its long-term viability.
In recent years, Slim has invested heavily in sectors like telecommunications, construction, and retail. His latest funding will reportedly target innovation and technology, indicating a strategic pivot towards industries perceived as more sustainable and promising.
This redirection away from Pemex could reshape the landscape of Slim’s future investments. The move reflects increasing investor caution regarding oil dependency and highlights the critical need for diversification in a volatile market.
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