Billionaire Carlos Slim Loves These Stocks

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) and America Movil (AMX).

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