Carlos Slim Helu is a Mexican business mogul, investor, and philanthropist. Slim was named the wealthiest person on the planet by Forbes magazine from 2010 to 2013. Through his company, Grupo Carso, he made his riches from his substantial ownership in a large number of Mexican enterprises. He is the 15th wealthiest person, ranking him the wealthiest person in Latin America.
He owns 40 percent of the Mexican Stock Exchange’s listings, and his net worth is almost 6% of the country’s GDP. He is the largest single stakeholder in The New York Times Corporation as of 2016. He has invested in various industries including health care, transportation, media, sports, energy, high-technology, and financial services.
Carlos Slim Helu Bio/Wiki[table id=3060 /]
Carlos Slim Helu Education & Early Life
Carlos Slim Helu, was born on 28th January 1940, in Mexico City to of hid Julian and Linda. Both of his paremts were Maronites from Lebanon, were his parents.
He got several lectures on business-related issues from his father as a kid, including finance, administration, and accounting. His dad also educated him useful skills like reading financial documents and keeping precise financial records.
Slim learnt about compound interest when he was eleven years old and invested in a state savings bond. He bought his first shares when he was twelve years old, and by the age of fifteen, he was a stakeholder in Mexico’s largest bank.
He employed with his father’s firm as a teenager, making 200 pesos per week. He eventually went to Mexico’s National Autonomous University to study civil engineering.
Carlos Slim Helu Net Worth
Carlos Slim Helu has a net worth of approximately $84.1 billion.[table id=3059 /]
His fortune came from his huge ownership in a vast number of Mexican businesses under his company, Grupo Carso.
Slim owns 57 percent of America Movil, the world’s largest mobile phone company. He also has major shares in Grupo Financiero Inbursa, a banking and insurance firm, and Grupo Carso, a holding company, as well as other enterprises including Minera Frisco as well as the New York Times.
Slim has lived in the very same 6-bedroom mansion in Mexico City’s Lomas de Chapultepec neighbourhood for almost forty years. He owns about 8 acres of Beverly Hills real estate, the Duke Seamans home in New York City (which he purchased for $44 million, a second house in New York at Ten W. 56th Street, as well as the Marquette Tower in Detroit.
Carlos Slim Helu House[table id=3058 /]
- Carlos Slim Helu’s professional career began after he graduated from university and got a position as a stock broker in Mexico.
- By the mid-1960s, he had invested in and founded a number of firms that would eventually become Grupo Carso. Carlos Slim became a millionaire in the following of the 1982 economic meltdown, because when Mexican government started nationalising banks and driving away commercial investors after defaulting on international obligations due to a devalued peso.
- Slim bought controlling shares in a number of enterprises at discount rates and managed them so well that their total worth increased dramatically over the course of a decade.
- Slim’s key holding and the foundation of his success for more than a decade was his ownership of Telmex, a former national telephone domination that allowed him to diversify his investment fund into American technology & telecommunications companies like Prodigy Corporation and SBC Communications Corp. Grupo Carso also has significant stakes in a number of Mexican businesses.
- Slim had formed tight relations with President Carlos Salinas de Gortari and the governing Institutional Revolutionary Party by the late 1980s. Slim, together with SBC & France Télécom, purchased Telmex from the Gortari regime in 1990 for $1.76 billion.
- Slim eventually took over administration of Telmex, upsetting France Télécom while maintaining tight ties with SBC.
- His strict control of Telmex irritated his competitors and some Telmex customers. América Móvil, Telmex’s mobile phone subsidiary, became a distinct corporation in 2001 and grew rapidly for several years, ultimately becoming one of the world’s largest telecommunications firms. In 2011, América Móvil acquired its old parent company.
- Carlos Slim Helu bought CompUSA, a struggling electronics goods and services firm, in 2000. Slim sold the firm in 2007 after discovering he had overestimated his capacity to bring it around—a rare blunder for Slim.
- Slim became the largest stakeholder inside the New York Times Group, Citigroup, luxury shop Saks Fifth Avenue, and consumer technology retailer Circuit City by the following year.
- In 2017, América Móvil announced the establishment of Nuestra Vision, a new Spanish-language tv station aimed towards Mexican-Americans.
- Slim, a well-known art collector & philanthropist, created the Museo Soumaya (named after his wife) in Mexico City in 1994. The museum relocated to a larger structure in the city in 2011.
- The new anvil-shaped tower, built by Slim’s son-in-law Fernando Romero, had an aluminium hexagonal front and provided 183,000 sq ft of show space on the inside.
- Lim was also a key figure in the rehabilitation of Mexico City’s historic centre, founding the Foundation for such Historic Center of Mexico City in 2000, and receiving the Hadrian Award from of World Monuments Fund in 2005 for his work in saving culturally significant structures in the city.
- Slim was also honoured for his charitable activities, which included founding Carlos Slim Foundation, which focuses on health, sports, as well as education via institutions like Carlos Slim Institute of Health, that sponsors public health research initiatives in Mexico.
- In 2007, Carlos Slim Helu became the richest man surpassing Bill Gates.
- In 2009, Slim has contributed over $250 million to a variety of charities.
- Foundation joined with Grameen Trust, a nonprofit arm of Bangladeshi bank Grameen Bank, which was created by economist & researcher Muhammad Yunus to provide modest loans to the poor.
- Inmobiliaria Carso, Slim’s real estate owning business, controls approximately 20 retail complexes, notably ten in Mexico City. It also builds, owns, and manages a variety of residential and commercial buildings throughout Mexico.
- Slim not only invests in real estate, but he also manages Mexican jails, which he started in April 2013 as a way to diversify his interests in his construction-finance firm, which also owns toll highways, hydroelectric plants, and water treatment facilities.
- Carlos Slim Helu is the first guy from a developing country to be named World’s Richest. person
- Slim is known in Mexico as Mr. Monopoly.
- The New York Times was bailed out by him.
- He is a baseball fanatic.
- He was born into a Lebanese family.
- He’s known for being frugal.
- His parents were among the first to publish an Arabic-language journal for the Lebanese Mexican society.
- He started investing at an early age.
- Slim’s success is due to privatization and monopolization, as well as some government assistance.
- He has mastered the art of variety.
- He has a fear of technology.
According to Money magazine, following Donald Trump’s winning election in November 2016, world markets tanked as well as the Mexican peso’s value plummeted to a record low, forcing Slim to lose upwards of 9% of his fortune.
In 1990, Slim purchased a share in Telmex, Mexico’s sole phone operator. América Móvil has acquired Telmex. He also owns 17 percent of The New York Times and has investments in Mexican building, consumer products, mining, and real estate industries.
Carlos Slim Helu’s family is the richest Mexican family in the country.
Slim has contributed over $250 million to a variety of charities.
Carlos’s net worth of $84.1 billion.
Carlos Slim Helu is the richest man in Mexico
Yes, Carlos was born in a Lebanese family.
Soumaya Domit Gemayel is Carlos Slim’s wife.
Yes, Carlos went to Mexico’s National Autonomous University to study civil engineering
Carlos Slim became a billionaire at the age of 51.