From 2010 until 2013, Carlos Slim Helu, a Mexican self-made business magnate and diversified investor, was the world’s richest man. Carlos Slim remains one of the wealthiest persons in the world, as well as Mexico’s richest man, with a current estimated net worth of over $50 billion. He was the biggest loser in 2015, as his earnings fell by approximately $27 billion.
Take a Look at How Carlos Slim Got His Start in Business
Carlos Slim was raised in Mexico City, where he was raised by a wealthy Lebanese businessman, learning the fundamentals of financial management, record keeping, and accountability as a youngster. That’s how slim could understand and make his first investment as early as 11 years old when he bought a government savings bond and learned about compound interest.
In 1953, Slim was just 13 years old and had already learned the basic business fundamentals from his father, who continued to coach him until his death. He bought his first stock in Mexico’s largest bank when he was just 15 years old. He also worked for his father’s company, which was involved in the real estate and retail business, as well as in the manufacturing industry.
No, of course not! Carlos Slim isn’t one of those self-made millionaires who dropped out of college and became overnight successes. Slim, who excels in mathematics, attended the National Autonomous University of Mexico after high school to pursue a degree in Civil Engineering. During his time as a student, he taught others linear programming and algebra because he was so good at it. His interest in math and numbers led him to pursue a career in economics. After a while, he decided to broaden his horizons in economics by taking multiple courses in Chile.
Look: carlos Ahenkorah Snatches Ballot Papers In Parliament House watch vedio
In relation to Carlos Slim
Carlos Slim chose a career in banking over that of a construction worker because of his family’s background. He began working as a stockbroker in Mexico City at the age of 25 and had amassed a fortune in savings. He started his first business – an investment firm called “Inversora Bursátil” – with that money.
How Much Money Does He Have? Here’s How He Gets It!
Carlos Slim proceeded to diversify his holdings during the 1970s, investing in everything from real estate to telecommunications, mining, automobiles, construction, airlines, and hotels. Grupo Galas, now Grupo Carso, was formed in 1980 when Slim was forced to merge all of his businesses into one conglomerate. Because of Slim’s businesses, the Mexican economy has become so dependent on his products that the average Mexican can’t go a day without spending even a single peso.
During the 1982 Mexican economic crisis, he made his big break and entered the exclusive club of billionaires. Struggling businesses were desperate to sell, and Slim jumped at the chance to acquire them for cheap and resell them for a profit at a higher price when the economy recovered. Since then, Slim has used this method to all of his activities.
When the Mexican government began privatizing its largest corporations in 1990, Carlos Slim struck it rich once more. Telmex, a landline telephone provider, was one of them. When Grupo Carso went public, Slim was one of the first investors and eventually took control the telecommunications company. In 1991, he was the richest person in the world, according to Forbes, with a $1.7 billion fortune.
América Movil, another major telecommunications company, is owned by Slim. More than two-thirds of Mexico’s wealth is held by Movil and Telmex, the region’s two major mobile phone carriers.
Other Notable Projects
Over 200 firms are owned by Carlos Slim, and he admits to not knowing about a few of them.
He is the largest individual shareholder in The New York Times with a 17 percent interest. In 2009, he began doing business with the American media corporation by loaning them $250 million at a 14.5% interest rate.
Along with Grupo Financiero Inbursa, he owns Minera Frisco, a mining firm, Inmobiliaria Carso, a real estate company, and IDEAL, a company that builds and operates infrastructure. In Spanish, IDEAL stands for “Impulsora del Desarrollo y el Empleo en America Latina,” which translates to “Promoter of Latin American Economic Development and Employment.” After making a significant investment in the Mexican airline Volaris, Slim went on to build IDEAL.
Current Net Worth and Financial Situation of Carlos Slim
There have been allegations leveled against Carlos Slim of using monopolistic practices to drive up the unemployment rate and pricing. Despite the fact that Slim doesn’t seem troubled by the naysayers, América Móvil, the firm at the center of the criticism, suffered a setback in 2015 when new, harsher anti-monopoly legislation and reforms caused the corporation to lower its market share below 50%.
Also, América Móvil had a bad market performance. These stock prices have also fallen due to the Mexican peso’s depreciation versus the dollar, which Forbes attributes to lower global oil prices.
The share prices of Grupo Financiero Inbursa, his bank, fell along with gold prices, as did the performance of his mining company.
Carlos Slim’s earnings fell by $27.1 billion as a result of these factors, knocking him off the top slot he had in 2015 and placing him as the world’s second-richest man. After all, the current net worth of Carlos Slim is $57.3 billion.
Carlos Slim, like Warren Buffet, is known for being frugal and for not indulging in extravagance. He does not, for example, own a yacht or a private jet. His favorite pastimes are smoking Cuban cigars and collecting paintings. Museo Soumaya, where he has amassed a fortune of over $800 million, houses his treasures. Auguste Rodin is also represented by approximately 380 pieces in the museum’s collection, which makes him the world’s largest private owner of the artist’s oeuvre.
For 40 years, Slim has lived in the same six-bedroom house in Mexico City’s Lomas de Chapultepec neighborhood, and he has no other real estate holdings outside of Mexico. He does possess a number of residences and office buildings in the United States, though. He bought a $80 million mansion on New York’s 5th Avenue in 2010 and has put it on the market.
Carlos is a philanthropist, much like many of his fellow multi-millionaires. He’s made it clear that he wants to do his part to help Mexico’s poor.
The billionaire investor, on the other hand, believes that the best way to achieve his goal is to build long-term enterprises rather than to go around donating money like Santa Claus.
Take a look at Some Members of Carlos Slim’s Family
For obvious reasons, Carlos Slim is able to run his economic empire while also taking care of a sizable family. A large part of his telecoms-to-banking company is now controlled by his offspring and grandkids.
According to reports, the Mexican business magnate recently appointed two of his grandchildren to serve on the boards of his companies, an important step in the succession of his vast family business empire.
The millionaire would far rather entrust the management of his companies to his children than simply boosting their bank accounts.
Who was Slim’s Wife, Soumaya Domit?
- Full Name: Soumaya Domit Gemayel
- Date of Birth: 1948 (died 1999)
- Occupation: Philanthropist
- Spouse: Carlos Slim (m. 1966 until death in 1999)
- No. of Children: 6
Carlos Slim married Soumaya Domit, a Mexican-born Lebanese woman, in 1967. Soumaya participated in a number of charitable and humanitarian endeavors during her life, all of which helped underprivileged students, aspiring artists, orphans, and the sick.
After developing renal disease as a teenager, Domit was 30 when she received a kidney transplant. As a memorial to his late wife, her husband opened the Museo Soumaya in her honor when she passed away from the disease. Soumaya is the one who instilled a passion for the arts in Carlos. Until Domit’s death in 1999, their 33-year marriage was a happy one. Slim made it clear after his wife’s death that he would not be married again.
Carlos and Soumaya had six children together: three sons and three daughters. These are the names of the children:
Carlos Slim (son)
- Full Name: Carlos Slim Domit
- Date of Birth: February 28, 1967
- Occupation: Business Executive
- Spouse: MarÃa Elena Torruco Garza (m. 2010)
- No. of Children: 3
Carlos Slim was the father of his firstborn son, and he named him after him. Carlos has Lebanese ancestry, yet he was born in Mexico to parents from the same country. He attended the Universidad Anáhuac and majored in Business Administration. Carlos has played a significant role in his father’s businesses, and he currently serves as chairman of Grupo Carso, America Movil, Telmex, and Grup Sanborns, four of his father’s most well-known firms.
In 2010, Carlos Slim Domit and Maria Garza became husband and wife. There are three children between the pair.
Marco Antonio (Son)
- Full Name: Marco Antonio Slim Domit
- Date of Birth: April 30, 1968
- Occupation: Business Executive
Carlo Slim and Soumaya Domit have a son, Marco, who is their second child. He was raised in Mexico and graduated from Universidad Anahuac, the same school as his older brother. His father’s enterprises include Grupo Financiero Inbursa, where Marco serves as Chairman.
Patrick Slim (Son)
- Full Name: Patrick Slim Domit
- Date of Birth: May 14, 1969
- Occupation: Business Executive
Carlos Slim has three children, the youngest of whom is Patrick. He, too, was born in Mexico and graduated from the Universidad Anahuac with a bachelor’s degree like his older brothers. Patrick is the CEO of Grupo Sanborns and serves in a number of other prominent roles within the Carlos Slim business empire.
Vanessa Paola (Daughter)
- Full Name: Vanessa Paola Slim Domit
- Occupation: Business Director, Entrepreneur
- Spouse: Arturo ElÃas Ayub
Carlos Slim has three children, the eldest of them is Vanessa, his first kid with the woman he married. She, too, was born in the country. Nowhere near as renowned as her brothers in her father’s companies, Vanessa enjoys a sizable percentage of the family’s money. When her father passed away in 2013, he left her 71.13 percent of his Grupo Financiero Inbursa shares (worth around $1.6 billion). A report claims that her share of the company increased from 4.38 percent to 11.33 percent as a result of the gift.
Maria Soumaya (Daughter)
- Full Name: Maria Soumaya Slim Domit
Soumaya is the second daughter and fifth child of Carlos Slim. She was named after her mum. Just like his other children, Soumaya handles a number of responsibilities in the Slim empire. Among other positions, she serves on the board of Inversora Carso SA de CV.
Johanna Monique (Daughter)
- Full Name: Johanna Monique Slim Domit
Soumaya is the second daughter and fifth child of Carlos Slim. She was named after her mum. Just like his other children, Soumaya handles a number of responsibilities in the Slim empire. Among other positions, she serves on the board of Inversora Carso SA de CV.
Johanna is the third daughter and youngest child of Carlos Slim and his wife, Soumaya Domit. She serves on the board of several of her father’s businesses and organisations including Fundación Carlos Slim Helú AC, Grupo Sanborns SAB de CV, Inversora Carso SA de CV and Sanborn Hermanos SA.
Profile Summary | |
---|---|
First Name: | Carlos |
Last Name: | Slim |
Also Known As: | Slim Helú |
Sex/Gender: | Male |
Profession: | Business magnate, investor |
Famous For: | CEO of telecom giants Telmex and América Móvil |
Colleges/Universities Attended: | National Autonomous University of Mexico |
Educational Qualifications: | A degree in Civil Engineering |
Religion: | Christanity |
Birthday & Zodiac | |
Age/Date of Birth: | 28 January 1940 |
Zodiac Sign: | Aquarius |
Birth Place: | Mexico City, Mexico |
Nationality: | Mexican |
Ethnicity/Race: | White |
Country of Residence: | Mexico |
Physical Attributes | |
Height: | 5 feet,8inches (1.73 m) |
Weight: | 90 kg (198 lbs) |
Eye Colour: | Light brown |
Hair Color: | Grey |
Other Body Measurements: | Unknown |
Relationships | |
Marital Status: | Married |
Spouse/Partner: | Soumaya Domit (m. 1967–1999; her death) |
Family and Relatives | |
Father: | Julián Slim Haddad |
Mother: | Linda Helu Atta |
Children: | 6 children: Son(s): Marco Antonio Slim Domit, Patrick Slim Domit, Carlos Slim Domit Daughter(s): Johanna Slim Domit, Vanessa Slim Domit, Soumaya Slim Domit |
Siblings: | Brother(s): José Slim Helú, Julián Slim Helú Sister(s): Nour Slim Helú, Alma Slim Helú, Linda Slim Helú |
Other Relatives: | ElÃas Slim Haddad (Uncle) Pedro Slim Haddad (Uncle) José Helú (Grandfather) Wadiha Atta (Grndmother) |
Net Worth | |
Estimated Net Worth: | $57.9 billion |
Salary: | Unknown |
Source of Wealth: | diverse sources, including : Grupo Carso, Inbursa, Telcel, Telmex, and Sanborns |