Carlos Slim, the largest shareholder of the "New York Times"

Mexican billionaire Carlos Slim became the largest shareholder of the "New York Times", after exercising the right to double his stake in the American paper to 16,8 percent.

In 2009, at the height of the financial crisis, Slim lent the "New York Times" 250 million dollars, with guarantees that he would be able to increase his stake in the company, writes "Bloomberg".

The "New York Times" paid off Slim's loan in 2011. The Mexican rich man's stake in the New York newspaper is estimated at $341,4 million, according to yesterday's share price of $12,28.

Slim thus joined the ranks of billionaires who invest in the media. In 2013, the founder of Amazon, Jeff Bezos, bought the Washington Post, and the director of the Berkshire Hathaway insurance company, Warren Buffett, invested in several newspapers.