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Billionaire Carlos Slim Loves These Stocks

His holdings include America Movil and Kraft Foods.

Updated from 6:59 a.m. EDT

Depending on the source and what month it is, Carlos Slim is either the richest, second-richest or third-richest man in the world, with a reported net worth of $53 billion, according to

Forbes

magazine.

Slim is a Mexican businessman who made much of his wealth in the telecommunications industry in Latin America. He has been the vice president of the Mexican Stock Exchange and the president of the Mexican Association of Brokerage Houses.

If he's so rich, maybe it is time to pay closer attention to what he invests in -- including

Kraft Foods

(KFT)

TheStreet Recommends

and

America Movil

(AMX) - Get America Movil SAB de CV Sponsored ADR Class L Report

.

To read the rest of the story and to find out what Slim's buying, please click here.

A note from James Altucher:Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to atheme but also offer significant analysis as to why the stocks are cheap.Here are some examples: Here's the challenge: Build a portfolio at Stockpickr.com with greatanalysis, and send me the link. Each great portfolio (with analysis)will get posted on TheStreet.com with your byline (as a "StockpickrGuest Columnist") and will be included in my email I send to Jim and the otherhedge fund managers on my list.

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