06/22/2010 05:12 am ET | Updated May 25, 2011

Carlos Slim Helu To Drop $140 Million On Fifth Avenue Building

Carlos Slim Helu, the richest man in the world, is in contract to buy an office building on Fifth Avenue, according to a source close to the transaction.

Mr. Slim, the Mexican telecom billionaire and The New York Times' largest creditor, is in contract to buy the building, at 417 Fifth Avenue, for $140 million.

Read more on The New York Observer