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

Carlos Slim has sold more than $1.15 billion of U.S. oil stocks this year as the Iran war sends crude prices and energy shares higher. The Mexican billionaire has cut his stakes in PBF Energy and Talos Energy roughly in half, yet the shares he still owns are worth about $1.4 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…