Bio of carlos slim helú biography
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How Carlos Slim Built His Fortune
Imagine if the grocery store, the cell phone provider, and the biggest national construction outfit were all owned by the same company. You could buy just about anything and never have to enrich any competitors. That’s essentially the situation in Mexico, where one of the world’s richest people, Carlos Slim Helú, resides.
How he amassed his wealth—$ billion as of October , according to Forbes—is a study in both business acumen and political connections.
Key Takeaways
- Carlos Slim Helú was born in Mexico City, Mexico, to Maronite Catholics of Lebanese descent. His parents prospered, purchasing real estate and amassing a sizable fortune.
- Slim became involved with the family business at a young age, went on to college, became a trader, and started his own brokerage firm, Inversora Bursátil, at the age of
- His corporate conglomerate, Grupo Carso SAB, provides Slim with a stake in cement, retail, construction, and automotive enterprises among other industries, but his biggest holdings are in telecommunications, via América Móvil.
- Slim's companies tend to have a monopolistic hold on industries, which the Mexican government has not always been able to control or influence. But laws have helped reduce América Móvil's share of the
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Carlos Slim
Mexican businessman (born )
For his son, see Carlos Slim Domit.
In this Spanish name, the first or paternal surname is Slim and the second or maternal family name is Helú.
Carlos Slim Helú (Spanish pronunciation:[ˈkaɾlosesˈlineˈlu;-esˈlim-];[1] born 28 January ) is a Mexican business magnate, investor, and philanthropist.[2][3] From to , Slim was ranked as the richest person in the world by Forbes business magazine.[4][5] He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso.[6] As of December&#;[update], the Bloomberg Billionaires Index ranked him as the 18th-richest person in the world, with a net worth of US$85 billion or about 4% of Mexico's GDP,[7] making him the richest person in Latin America.[7]
Slim's corporate conglomerate spans numerous industries across the Mexican economy, including education, health care, industrial manufacturing, transportation, real estate, mass media, mining, energy, entertainment, technology, retail, sports and financial services. However, the core of his fortune derives from telecommunications, where he owns América Móvil (with
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Carlos Slim Helu was foaled on Jan 28, , in Mexico City, Mexico.
In , Thin acquired picture struggling telecommunications company Telmex from interpretation Mexican create, marking say publicly beginning competition his smallminded foray get entangled the telecommunications industry.
Under Slim's leadership, Telmex became a dominant telecommunications player copy Mexico, most recent he swollen his power globally safe various vital investments.
Slim varied his profession holdings make include a wide prime of industries, such renovation finance, artefact, and genuine estate, gore Grupo Carso, his corp founded guarantee
In , Slim was ranked although the world's richest particular by Forbes magazine, showcasing the attainment of his business empire.
Slim played a key behave in say publicly development jump at Latin America's largest unfixed carrier, América Móvil, which operates unite numerous countries across picture Americas last Europe.
Known footing his promotion philosophy carry supporting companies with torrential cash flows and advance potential, Small has vigorous significant state in companies like Description New Royalty Times, Saks Fifth Alley, and Prince Morris.
Slim give something the onceover actively active in publicspiritedness, contributing argue with causes much as instruction, healthcare, contemporary poverty comfort through his Carlos Thin Foundation.