Mexico’s Richest Man Sells $1.15 Billion in Oil Stocks

S. oil stocks this year as the Iran war sends crude prices and energy shares higher. 4 billion—roughly what his holdings were worth in January. Much of his estimated $124 billion fortune is tied to telecommunications giant América Móvil. Slim, the richest man in Mexico, collected around $820 million selling PBF shares over more than 100 trading days.

S. refineries, has gained more than 170% this year, and its third-quarter results released Thursday offered a pretty good explanation. 56 per barrel from $9. The worldwide fuel shortage has been considerably kinder to refiners than to people paying for diesel. The 86-year-old sold another $252 million of Talos shares in October alone, nearly three-quarters of his Talos sales for the year, according to Bloomberg.