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Billionaire Carlos Slim Praises Warren Buffett As "Great Investor" and "Great Person"

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Published: Friday, 31 Oct 2008 | 11:34 AM ET
alex-crippen-60.jpg By:

Executive Producer

There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them.

In the most recent Forbes ranking of global billionaires in March, Slim was number two with an estimated net worth of $60 billion, built largely on telecommunications. Buffett came in at number one with $62 billion.

Since then, the global financial crisis has erased some of those billions. In early October, Forbes put Buffett's fortune at $58 billion, but that was before Berkshire Hathaway's 18 percent stock slide this month.

Eduardo Garcia, a Mexican journalist who tracks Slim closely on his Sentido Común ("Common Sense") website, tells us he estimates Slim's fortune has fallen to $38 billion as of a week ago. That's down sharply from about $58 billion at the end of September.

Even so, Buffett and Slim remain two of the richest people on the planet.

While Buffett has made himself more available to the media in recent years, Slim continues to keep a very low profile. Interviews with him are extremely rare.

Slim on Buffett
CNBC's Michelle Caruso Cabrera discusses billionaire investor Warren Buffett with billionaire investor Carlos Slim.

So it was quite a "get" when he agreed to speak with CNBC's Michelle Caruso-Cabrera earlier this week. (Carlos Slim Says: "I Don't Have Money, I Have A Company")

As they walked on a Manhattan street, Michelle asked Slim for his thoughts on Buffett and the investments he recently made in Goldman Sachs and General Electric. (General Electric is CNBC's corporate parent.)

Although Slim has only met Buffett twice over the years, the Mexican billionaire calls his Omaha counterpart "a great investor and a great person."

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Questions? Comments? Email me at buffettwatch@cnbc.com

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There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them.  In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
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