The richest man in the world, Mexican billionaire Carlos Slim, is making millions in profits from a government program that supplies poor Americans with free cell phones.

Mr Slim, who is worth an estimated $69billion, owns the parent company of both the service provider and phone producer which creates the phones used in the Lifeline program.

The government program was originally enacted under President Reagan’s administration in an effort for poor Americans without access to phones to have a way to contact prospective employers, arrange for healthcare, and be in touch with their children’s schools.

Republicans have since attacked the program, attributing the sizeable increase in phone recipients over the past four years to President Obama and decrying that it is an example of a wasteful government handout.

 

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