Mexican businessman Carlos Slim, the world's second richest man, is watching for investments in troubled companies hit by the economic crisis.

We are looking at the possibility of investing in whatever makes financial sense, said Slim's spokesman Elias Ayub to reporters Thursday, according to Reuters.

Some things look attractive, Ayub continued.

Despite the gloomy economic recession, Slim invested $250 million in The New York Times this week and acquired $150 million stake in Citigroup when the stock was at its lowest price in 16 years.