Carlos Slim scraps project with Donald Trump after Mexico insults

NBC Ends Business With Donald Trump Over Recent Derogatory Remarks

A television company controlled by Mexican billionaire Carlos Slim has canceled a project with real estate developer and TV personality Donald Trump after his comments insulting Mexicans, Slim's spokesman said on Monday.

This is the third company to cut ties with Trump, who is seeking the Republican nomination for the November 2016 presidential election. NBC said earlier on Monday that it would no longer air the "Miss USA" and "Miss Universe" pageants due to his comments. Spanish-language broadcaster Univision [UVN.UL] also said on Thursday it would not air the "Miss USA" pageant.

Ora TV, a production company co-founded by Slim and TV personality Larry King and funded by America Movil , canceled a program it was working on with some of Trump's companies, Slim's spokesman and son-in-law Arturo Elias said.

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Carlos Slim scraps project with Donald Trump after Mexico insults
DES MOINES, IA - MAY 16: Businessman Donald Trump speaks to guests gathered for the Republican Party of Iowa's Lincoln Dinner at the Iowa Events Center on May 16, 2015 in Des Moines, Iowa. The event sponsored by the Republican Party of Iowa gave several Republican presidential hopefuls an opportunity to strengthen their support among Iowa Republicans ahead of the 2016 Iowa caucus. (Photo by Scott Olson/Getty Images)
DES MOINES, IA - MAY 16: Businessman Donald Trump speaks to guests gathered for the Republican Party of Iowa's Lincoln Dinner at the Iowa Events Center on May 16, 2015 in Des Moines, Iowa. The event sponsored by the Republican Party of Iowa gave several Republican presidential hopefuls an opportunity to strengthen their support among Iowa Republicans ahead of the 2016 Iowa caucus. (Photo by Scott Olson/Getty Images)
GREENVILLE, SC - MAY 09: Buisnessman Donald Trump speaks during the Freedom Summit on May 9, 2015 in Greenville, South Carolina. Trump joined potential presidential candidates in addressing the event hosted by conservative group Citizens United. (Photo by Richard Ellis/Getty Images)
NASHUA, NH - APRIL 18: Donald Trump speaks at the First in the Nation Republican Leadership Summit April 18, 2015 in Nashua, New Hampshire. The Summit brought together local and national Republicans and was attended by all the Republicans candidates as well as those eyeing a run for the nomination. (Photo by Darren McCollester/Getty Images)
CELEBRITY APPRENTICE -- Live Finale -- Pictured: Donald Trump -- (Photo by: David Giesbrecht/NBC/NBCU Photo Bank via Getty Images)
NATIONAL HARBOR, MD - FEBRUARY 27: Chairman and president of the Trump Organization Donald Trump addresses the 42nd annual Conservative Political Action Conference (CPAC) February 27, 2015 in National Harbor, Maryland. Conservative activists attended the annual political conference to discuss their agenda. (Photo by Alex Wong/Getty Images)
NATIONAL HARBOR, MD - FEBRUARY 27: Chairman and president of the Trump Organization Donald Trump addresses the 42nd annual Conservative Political Action Conference (CPAC) February 27, 2015 in National Harbor, Maryland. Conservative activists attended the annual political conference to discuss their agenda. (Photo by Alex Wong/Getty Images)
OXON HILL, MD - FEBRUARY 27: Businessman Donald Trump addresses a packed house during CPAC2015 (Conservative Political Action Conference) at the National Harbor Gaylord on Friday, February 27, 2015, in Oxon Hill, MD. The three-day conference features many of the people who are exploring the possibility of running to be the Republican Party nominee for president of the United States in the 2016 presidential election. (photo by jahi chikwendiu/The Washington Post via Getty Images)
DORAL, FL - FEBRUARY 20: Ivanka Trump, Jack Nicklaus, Donald Trump and Butch Buchholz at the unveiling of the Jack Nicklaus Villa at Trump Doral at Trump National Doral on February 20, 2015 in Doral, Florida. (Photo by Manny Hernandez/Getty Images)
CELEBRITY APPRENTICE -- Live Finale -- Pictured: (l-r) Donald Trump, Jr., Donald Trump, Ivanka Trump -- (Photo by: David Giesbrecht/NBC/NBCU Photo Bank via Getty Images)
CELEBRITY APPRENTICE -- Live Finale -- Pictured: (l-r) Eric Trump, Ivanka Trump, Donald Trump, Leeza Gibbons, Donald Trump, Jr. -- (Photo by: David Giesbrecht/NBC/NBCU Photo Bank via Getty Images)
Donald Trump, president and chief executive officer of Trump Organization Inc., speaks during the Iowa Freedom Summit in Des Moines, Iowa, U.S., on Saturday, Jan. 24, 2015. The talent show that is a presidential campaign began in earnest Saturday as more than 1,200 Republican activists who probably will vote in Iowa's caucuses packed into a historic Des Moines theater to see and hear from a parade of their party's prospective entries. Photographer: Daniel Acker/Bloomberg via Getty Images
Donald Trump, president and chief executive officer of Trump Organization Inc., speaks during the Iowa Freedom Summit in Des Moines, Iowa, U.S., on Saturday, Jan. 24, 2015. The talent show that is a presidential campaign began in earnest Saturday as more than 1,200 Republican activists who probably will vote in Iowa's caucuses packed into a historic Des Moines theater to see and hear from a parade of their party's prospective entries. Photographer: Daniel Acker/Bloomberg via Getty Images
Donald Trump, president and chief executive officer of Trump Organization Inc., speaks during the Iowa Freedom Summit in Des Moines, Iowa, U.S., on Saturday, Jan. 24, 2015. The talent show that is a presidential campaign began in earnest Saturday as more than 1,200 Republican activists who probably will vote in Iowa's caucuses packed into a historic Des Moines theater to see and hear from a parade of their party's prospective entries. Photographer: Daniel Acker/Bloomberg via Getty Images
PASADENA, CA - JANUARY 16: Donald Trump attends the NBCUniversal 2015 press tour at The Langham Huntington Hotel and Spa on January 16, 2015 in Pasadena, California. (Photo by Jason LaVeris/FilmMagic)
PASADENA, CA - JANUARY 16: Donald Trump attends the NBCUniversal 2015 press tour at The Langham Huntington Hotel and Spa on January 16, 2015 in Pasadena, California. (Photo by Jason LaVeris/FilmMagic)
WASHINGTON, DC - JULY 23: (EDITOR'S NOTE: A special effects camera lens was used for this image.) Donald Trump attends the Trump International Hotel Washington, D.C Groundbreaking Ceremony at Old Post Office on July 23, 2014 in Washington, DC. (Photo by Kris Connor/Getty Images)
NEW ORLEANS, LA - MAY 30: Donald Trump, chairman and president of the Trump Organization and the founder of Trump Entertainment Resorts, speaks during day two of the 2014 Republican Leadership Conference on May 30, 2014 in New Orleans, Louisiana. Members of the Republican Party are scheduled to speak at the 2014 Republican Leadership Conference, which hosts 1,500 delegates from across the country through May 31st. (Photo by Justin Sullivan/Getty Images)
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"His statement was totally out of line...working with someone so closed-minded was not going to work," Elias said, adding that the comments were racist.

Trump, earlier this month, described migrants from Mexico to the United States as drug-runners and rapists.

Telecoms magnate Slim is the world's second-richest man, with a net worth of around $71.1 billion, according to Forbes. Trump is at number 405 on the list, worth $4.1 billion.

The Financial Times first reported the cancellation of the project earlier on Monday.

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