05/16/2011 03:16 pm ET Updated Jul 16, 2011

World's Richest Man Opens Soumaya Museum In Mexico

In Mexico City, the world's richest man has just opened a new museum to showcase his extensive European and Mexican art collection. Telecommunications mogul Carlos Slim calls the museum a gift to his country.

The glimmering, modern building is already being hailed as a new landmark in Mexico's capital, but it is also being criticized as the pet project of a man who knows more about business than art.

Slim's new Soumaya Museum is a windowless, metallic, six-story structure shaped like a surrealist hourglass. Local critics have compared the building, which was designed by Slim's son-in-law, to Frank Gehry's Guggenheim in Bilbao, Spain.