Carlos Slim | $ 67
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Mexico

Carlos Slim

business magnate, investor, and philanthropist

Net Worth $ 67
  • Birthday28th Jan, 40
  • Birth PlaceMexico
  • Marital statusMarried
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Born Carlos Slim Helú has an estimated net worth of $73 billion as of March 2013. Slim is a business magnate, investor and philanthropist from Mexico. He has been named the richest person in the world since 2010-2013 by Forbes.  Slim’s conglomerate particularly Grupo Carso and Grupo Financiero Inbursa helped him to gain $4billion more than a year ago. His most valuable holding at $36.3 billion is still his Pan-Latin American mobile telecom outfit America Movil. In 1966, Slim founded Inmobiliaria Carso where he is already worth $40 million. His early career was focus on construction, real estate and mining business.  In 1980 he formed Grupo Galas, the parent company of a conglomerate that had interests in industry, construction, mining, retail, food, and tobacco. During the economic downturn of Mexico in 1982 where banks and businesses were rationalized, crippled and the peso was devalued, Slim invested heavily until the period of recovery in 1985. He bought large percentage of numerous Mexican businesses including Reynolds Aluminio, General Popo and Bimex hotels and Sanborns. Moving into financial services, he bought Seguros de México as well as Fianzas La Guardiana and Casa de Bolsa Inbursa, the Grupo Financiero Inbursa. In 1988, he acquired the Nacrobre group of companies which trade in copper and aluminum products alongside Química Fluor – a chemical business. In 1990, he bought from the Mexican government a landline telephone company, Telmex. In 2006, Telmex operates 90% of the telephone lines in Mexico while Telcel, Slim’s mobile company operates 80% of the country’s cellphones. In 2007, Slim sold large part of his stake in Cigatam to Philip Morris for $1.1 billion at the same time he sold his entire interest in Porcelanite for $800 million. On the same year, he opened Saks Fifth Avenue in Santa Fe, Mexico. In 2008, he takes 6.4% stake in The New York Times Company which augmented to 8% in 2012.

Quotes

  • When you live for others' opinions, you are dead. I don't want to live thinking about how I'll be remembered.
  • In this new wave of technology, you can't do it all yourself, you have to form alliances.
  • I still have my laptop but I haven't used it. I'm a paper man, not electronic.
  • It's not a question of arriving and putting in a whole new administration, but instead, arriving and "compacting" things as much as possible, reducing management layers. We want as few management layers as possible, so that executives are very close to the operations. We also don't believe in having big corporate infrastructures.
  • The key is the Internet. The United States is by far the most advanced country in this new digital culture, so we have to be there. The Internet is the heart of this new civilization, and telecommunications are the nervous system, or circulatory system.

Did you know?

  • He is the first World Richest man from a developing nation
  • In Mexico, Slim is "Mr. Monopoly"
  • He bailed out The New York Times
  • He loves baseball
  • In the U.S., he would be a trillionaire
  • He is famously frugal

Family & relationships

Carlos Slim Estates and Homes (1)

New York Home

Carlos Slim Autos and Cars (2)

Bentley Continental Flying Spur

Chevrolet Suburban

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