<P> Slim has also set his sights within the energy industry as well . In 2011, Slim began buying a 70 percent stake in Geoprocesados SA's Tabasco Oil Co., gaining access to the Colombian oil market as the country seeks to boost crude and natural - gas output . Slim began seeking to boost his oil investments in Colombia because of the country's open policies on exploration as well as furthering its commitment to double output by 2020 . Investors have also been drawn to Colombia because of improved security as well as a clear government regulatory framework for oil drilling . In 2013, Mexico's national oil and gas company Pemex hired an offshore drilling rig from the Carso Group . Under the agreement, Pemex will operate the rig on a seven - year contract and will pay US $415 million . The rig is owned by Operadora Cicsa, a subsidiary of Carso Group . The relationship between Pemex and Slim rans back as early as in 2006, where NOC hired CICSA for the drilling and completion of over 60 wells in the southern region‍--‌covering the Cinco Presidentes, Macuspana - Muspac, Samaria - Luna and Bellota - Jujo assets--and for the expansion of a petrochemical plant in Veracruz . Carso's infrastructure and construction subsidiary has been awarded with several oil well development contracts in Pemex's main assets‍--‌including Chicontepec‍--‌as well as tenders for the construction of natural gas pipelines and marine platforms . With the 2008 Pemex Law reform, the creation of integrated service contracts and the perspectives for a future energy reform, Slim has begun seizing business and investment opportunities in Mexico's oil and gas industry . CICSA's pipe manufacturing division Swepomex into a marine platform provider . CICSA has also acquired majority shares in Oklahoma contractor Bronco Drilling, along with minority participations in Houston drilling company Allis Chalmers Energy . Slim controls a 15 percent stake in Bronco, with warrants that could boost the stake to 20 percent . He also has a 2.9 percent stake in Allis - Chalmers. 15% of the country's main gas operator, Gas Natural Mexico now belong to Sinca Inbursa, a private equity fund controlled by Slim . Slim Helú has also maintained an important business presence in Spanish oil company Repsol and its Argentinian subsidiary YPF, Argentina's largest oil company, where Slim has an 8.4 percent stake . </P> <P> On April 23, 2014, Slim took control of Telekom Austria, Austria's biggest phone carrier, which has telcos in countries such as Bulgaria, Croatia and Belarus, under a 10 - year agreement, was Slim's first successful business acquisition in Europe . In a syndicate holding structure the Austrian state holding company OIAG's 28 percent are combined with Slim's 27 percent ownership . America Movil will spend as much as US $2 billion to buy out minority shareholders in a mandatory public offer and invest up to 1 billion euros (US $1.38 billion) into the company, which it sees as "platform for expansion into central and eastern Europe". Labor representatives boycotted attending the OIAG supervisory board meeting for 12 hours criticizing lack of explicit job guarantees . </P> <P> In July 2014 Slim invested in WellAware, a Texas - based oil and gas software developer, this investment was also made with former Republican vice president Dick Cheney . External funding was provided by Activant Capital Group and Slim, along with participation from strategic investors and WellAware board members Ed Whitacre . When Mexico eventually prepared to open its oil and gas sectors to domestic and foreign private capital for the first time in 75 years, it has been widely speculated that Slim will play a major role toward contributing to Mexico's new energy landscape . Slim's investment in WellAware, whose software allows oil and gas companies to track wells and pipelines remotely and collates data for making forecasts, adds to a number of oil - related investments that he has been making in the past years in Mexico, Latin America and the United States . </P> <P> In January 2015 Grupo Carso publicly launched Claro Musica, an online music service that is a Latin American equivalent of iTunes and Spotify . Slim and his son increased their presence in Mexico's music industry, particularly in the retail music industry since 2013 . Sanborn's, the Mexican retail department store chain owned by Slim contains an extensive music section and 170 locations in Mexico as well as controlling a majority stake in Mixup, Mexico's most successful retail music store that comprises a chain 117 - store Mexican retailers along with an online iShop through a selling partnership with Apple . Mixup also generated more than US $320 million in revenue in 2014 . </P>

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