La Derecha Diario Carlos Slim became wealthy by taking advantage of the market crisis caused by tariffs.
The businessman increased his fortune by buying shares of his own companies and protecting his wealth
Due to the uncertainty caused by the United States tariffs, the financial markets are experiencing one of their worst declines since 2020. However, some of the world's richest entrepreneurs are taking advantage of the uncertainty to acquire stakes in large companies.
Among them stands out the Mexican magnate Carlos Slim, who recently made a significant investment in the energy sector.
Slim acquired shares worth 2.3 million dollars in the American refinery PBF Energy. This transaction took place on April 2, the same day that President Trump announced tariffs in what was called "Trump's Liberation Day."
The measure caused a sharp drop in the markets, especially in sensitive sectors like energy.
Despite the volatility, Slim wasn't the only one to take calculated risks.
The Persson family, owners of the H&M fashion chain, invested 78 million dollars in their own company. Meanwhile, the Lundin dynasty, based in Canada, increased their stake in Lundin Mining with a capital injection of 16 million dollars. These investments occurred between April 2 and 4, amid the stock market crash.
However, the shares of the companies involved have continued to fall. PBF Energyhas lost more than 26% of its value since Slim's purchase, and although percentages weren't detailed, both H&M and Lundin Mining have also experienced losses.
Despite this, high-profile investors like Slim usually adopt a long-term view, taking advantage of low prices during crises.
It's not the first time Slim has bet on PBF Energy during a challenging time.
During the pandemic, Slim also acquired shares of the refinery when its price was very low. At that time, the recovery of the fuel market boosted the value of the shares up to sixfold.
These financial moves reflect a common strategy among great fortunes: investing when most are afraid to do so.
In the current context, marked by trade tensions, stock market volatility, and geopolitical challenges, figures like Carlos Slim continue to demonstrate their ability to navigate —and capitalize on— the cycles of economic uncertainty.
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