With Carlos Slim leading the way, Mexico’s 16 billionaires have a better year

Mexico's Carlos Slim was unseated by Warren Buffett as the world’s second richest man.
Mexico’s Carlos Slim was unseated by Warren Buffett as the world’s second richest man.

By Dolia Estevez / Forbes

The combined net worth of Mexico’s billionaires increased $1.6 billion this year, from $142.9 to $144.5 — or 1.12 percent.

Mexican billionaires did better than in 2014, when their combined wealth dropped by 4 percent, but their aggregate wealth is still below the 2013 level of $148.6 billion.

Based on the 2015 Forbes billionaire data, with a net worth of $77.1 billion (equal to 6.1 percent of Mexico’s GDP), Mexican telecom mogul Carlos Slim Helú kept his #2 position in the world’s billionaires rankings for the second consecutive year.

There are 16 Mexicans on this year’s billionaires list, which is composed of the same persons as last year’s, with a single exception. David Peñaloza Alanís replaced his father, construction businessmen David Peñaloza Sandoval, after a transfer of shares from dad to son.


The slow suicide of Mexico’s left political parties

Huff Post – Does Mexico’s Left have a future? As the political scene moves closer to the 2015 mid-term elections, the shocking collapse in popular support for the country’s main left-wing party — the PRD — is looking increasingly less like a temporary blip and more like a structural shift in Mexico’s political landscape.


Police capture Zetas leader in wealthy suburb

AP – Mexican police and soldiers on Wednesday captured Omar Trevino Morales, widely considered to be the most important leader of the Zetas drug cartel that once carved a path of brutal bloodshed along the country’s northern border with the U.S.

The man known as “Z-42″ was arrested in a pre-dawn raid in San Pedro Garza Garcia, a wealthy suburb of the northern city of Monterrey.


Which drug lords have been captured, killed

The Telegraph – President Enrique Peña Nieto came to power in 2012 promised to switch the focus away from military intervention, and instead look at the root socioeconomic causes of the violence.

Yet in the two years since he came to power, Mr Peña Nieto has indeed followed his predecessor’s path, in the sense that his armed forces have killed or captured a series of Mexico’s “most wanted” drugs kingpins.

In 2009 the attorney general published a list of the 37 most wanted drug traffickers, 33 of whom have now been detained or killed.


Mexico’s energy reform: Do the numbers add up?

For now, Mexico’s goal of 500,000 bpd looks a long way away.
For now, Mexico’s goal of 500,000 bpd looks a long way away.

By Jude Webber / Financial Times

Mexico’s oil liberalisation is now well under way, with the tender of a second lot of oil assets – nine fields grouped into five blocks – now set to join the 14 already announced. But do the country’s projections for future oil recovery add up?

The government is hoping that private investment in a sector closed for nearly 80 years under the monopoly of state oil company Pemex will succeed in turning around a decade of inexorable decline in Mexico’s oil output. Indeed, it has talked of adding 500,000 barrels per day (bpd) by 2018, when the government’s term is up.

Can it? Low oil prices have already forced the government to admit that it will not be able to offer some of the shale fields that had been among the initial line-up of 169 fields to be tendered this year. As a result, as Miguel Messmacher, income undersecretary, told reporters: “Obviously, lower prices will mean lower income for the Mexican state.” How much lower? No one is clear, yet.