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Article posted Oct 12 2012, 4:04 AM Category: Politics/Corruption Source: MyFoxDC Print

Carlos Slim, world’s richest man, gets richer supplying ‘Obamaphones’ to poor


A Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called "Obamaphones" to the poor.

Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick "F.J." Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government's Lifeline program. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.

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Comments 1 - 3 of 3 Add Comment Page 1 of 1
Anonymous

Posted: Oct 12 2012, 8:35 AM

Link
65110 And if you vote now, you'll get a second SIM card FREE!
Anonymous

Posted: Oct 12 2012, 8:36 AM

Link
65110 Kidding, obviously. It goes without saying... Right? Right? :(
Anonymous

Posted: Oct 12 2012, 5:40 PM

Link
6464 Slim's shady.


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