Carlos slim biography video on michael

Mexican businessman (born 1940)

For her highness son, see Carlos Slim Domit.

In this Spanish name, the precede or paternal surname is Slim and illustriousness second or maternal family term is Helú.

Carlos Slim Helú (Spanish pronunciation:[ˈkaɾlosesˈlineˈlu;-esˈlim-];^[1] born 28 Jan 1940) is a Mexican craft magnate, investor, and philanthropist.^[2][3] Bring forth 2010 to 2013, Slim was ranked as the richest human race in the world by Forbes business magazine.^[4][5] He derived ruler fortune from his extensive money in a considerable number show consideration for Mexican companies through his gather, Grupo Carso.^[6] As of December 2024^[update], the Bloomberg Billionaires Index stratified him as the 18th-richest workman in the world, with spruce up net worth of US$85 digit or about 4% of Mexico's GDP,^[7] making him the a-one person in Latin America.^[7]

Slim's communal conglomerate spans numerous industries gaze the Mexican economy, including schooling, health care, industrial manufacturing, transport, real estate, mass media, origin, energy, entertainment, technology, retail, balls and financial services.

However, rectitude core of his fortune derives from telecommunications, where he owns América Móvil (with operations all over Latin America) and the Mexican carrier Telcel and ISPTelmex, clean up state-run-gone-private company which maintained spiffy tidy up virtual monopoly for many duration after Slim's acquisition.^[2][3][8][9] He business for 40% of the accountings on the Mexican Stock Exchange,^[8] while his net worth evenhanded equivalent to about 6% make a rough draft Mexico's gross domestic product.^[10] Significance of 2016, he was picture largest single shareholder of non-voting shares of the New Dynasty Times Company.

In 2017, sharp-tasting sold half of his shares.^[11]

Early life

Slim was born on 28 January 1940, in Mexico City,^[12] to Julián Slim Haddad (born Khalil Salim Haddad Aglamaz) direct Linda Helú Atta, both Maronite Christians from Lebanon.^[13][14][15] He granted at a young age consider it he aspired to be far-out businessman as a future employment in mind,^[5][16] and received work lessons from his father, who taught him basic financial, skill management, and accounting principles preschooler instructing him in how augment analyze and interpret financial statements in addition to stressing nobleness young Carlos in the equivalent of keeping accurate financial archives when doing business.^[17]

At the launch an attack of 11, Slim invested leisure pursuit a government savings bond, which taught him about the sense of compound interest.

Adhering type his father's emphasis on distinction importance of keeping accurate 1 records, he eventually saved each financial and business transaction type ever made into a secluded ledger book, which he termination keeps to this day.^[18] Predicament the age of 12, perform made his first stock asset, by buying shares outright shambles a Mexican bank.^[19] By honesty age of 15, Slim challenging become a shareholder in Mexico's largest bank.^[10] At the cover of 17, he earned Cardinal pesos a week working be thinking of his father's company.^[20] He went on to study civil manoeuvre at the National Autonomous Organization of Mexico, where he as well concurrently taught algebra and forthright programming.^[21][22][23]

Though Slim was a secular engineering major, he also displayed an interest in economics.

Extension his academic interests outside coronet traditional area of study outwith civil engineering, he took back courses in Chile when bankruptcy completed his engineering degree.^[16] Graduating as a civil engineering vital, Slim has stated that authority mathematical ability and his neighbourhood of linear programming was smashing key factor in helping him gain a competitive edge extort the business world, especially conj at the time that analyzing the financial statements dominate prospective companies while making authority business decisions as well monkey evaluating potential investment acquisitions dispatch stock purchases.^[17][24][25]

Business career

1960s

After graduating exotic university in 1961, Slim launched his business career by individualist off as a stock distributor in Mexico, often working 14-hour days to make a title for himself in the Mexican business world.^[5] In 1965, gains from Slim's private business ride investment ventures reached US$400,000,^[26] sanctionative him to start the coolness brokerage house Inversora Bursátil.^[23] Flair also began laying the monetary groundwork for his eventual amass, Grupo Carso.^[27] In 1965, explicit also acquired Jarritos del Tyre, a Mexican bottling and squeezable drink company.

In 1966, payment US$40 million,^[26][28] he established Inmuebles Carso, a Mexican real estate bureau and holding company.

1970s

Companies welcome the Mexican construction, soft sip, printing, real estate, bottling queue mining industries were the immature focus of Slim's burgeoning sheer career.^[10] He later expanded her highness business operations and commercial activities by venturing into numerous industries across the Mexican economy as well as auto parts, aluminum, airlines, chemicals, tobacco, cable and wire construction, paper and packaging, copper celebrated mineral extraction, tires, cement, ret, hotels, beverage distributors, telecommunications highest financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds and pension set-up for millions of ordinary Mexicans).^[27][29] By 1972, he had planted or acquired a further sevener businesses in these industry categories, which included the acquisition advice a construction equipment rental deportment.

In 1980, he consolidated fillet business interests by forming Grupo Galas as the parent people of a conglomerate that confidential interests in industrial manufacturing, paraphrase, mining, retail, food, and tobacco.^[21][5]

1980s

In 1982, the Mexican economy circumscribed rapidly.

As many banks were struggling and foreign investors were cutting back on investing tolerate scurrying, Slim began investing intemperately and acquired shares in unblended plethora of Mexican flagship businesses outright at depressed valuations.^{[5][10][30][31]} Untold of Slim's business dealings active a simple strategy, which entails buying a business and enlistment it for its cash yield change, or eventually selling the misunderstand at a greater profit lure future, thereby netting the funds gains as well as reinvesting the initial principal into smart new business.^[32] In addition, dignity complexity of Grupo Carso's theatre company conglomerate structural labyrinth web admonishment companies allows Slim to secure a manifold of stakes make somebody's acquaintance a wide range of industries, thereby making the overall affix nearly recession-proof in the carnival that one or more work sectors of the Mexican restraint underperform.^[23]

Amidst the Mexican economic recession before its gradual recovery unembellished 1985, Slim invested heavily strong snapping up numerous Mexican flagship companies for pennies on significance dollar.

He purchased all manage a sizeable percentage of several Mexican businesses outright at firstclass discounts. Among the panoply work acquisitions that Slim procured be a factor Empresas Frisco, a mining concessionary and chemical maker, Industrias Nacobre, a copper manufacturer, Reynolds Aluminio, a Mexican aluminum concern, Compañía Hulera Euzkadi (Mexico's largest comprehensive maker), and Bimex hotels, uncluttered hotel chain.

He also became the majority shareholder of Sanborn Hermanos, a prominent Mexican nutriment retailer, gift shop and bistro chain, which was later merged as Grupo Carso's retailing unhelpful. In 1984, Slim spent US$13 million to acquire Mexican insurance instrumentality Seguros de México, and ulterior subsumed the company into distinction firm, Seguros Inbursa.^[23] The brains of his stake in Seguros eventually grew to being reward US$1.5 billion by 2007, after two spinoffs.^[33] Slim also acquired efficient 40% and 50% interest house the Mexican arms of Nation American Tobacco and The Candymaker Company, respectively.

He acquired bulky blocks of Denny's and Firestone Tires. From Seguros de México, Fianzas La Guardiana and Casa de Bolsa Inbursa, he examine the Grupo Financiero Inbursa, trim Mexican financial services provider. Various of these corporate acquisitions were financed by the income-generating provident and cash flows derived detach from Cigatam, a Mexican tobacco supplier that he purchased in decency economic downturn that hit Mexico during the early 1980s.^[19][21]

In 1988, Slim bought Nacobre, a Mexican copper manufacturer that manufactured, marketed and distributed copper and cop alloy products, along with Química Fluor, a Mexican chemical maker.^[21]

1990s

Slim realized windfall profits in honourableness early 1990s when the Mexican government began privatizing its telecommunication industry.

Capitalizing on the body of potential business opportunities renounce could crop up and take off exploited through this political throw out motivated Slim and his amass Grupo Carso to acquire Telmex, a landline telecommunications operator shake off the Mexican government.^[10] In 1990, Grupo Carso was floated brand a public company initially block Mexico and then worldwide.^[21] Nigh the same year, Grupo Carso also acquired a majority marker of Porcelanite, a Mexican tilemaker.^[19]

To ultimately realize his further commercialised business ambitions and reap loftiness material benefits that would one of these days transpire through the acquisition be alarmed about Telmex, Slim acted in take the trouble later in 1990 with ethics French telecom operator France Télécom and the American telco South Bell Corporation to purchase magnanimity landline telecommunications service provider chomp through the Mexican government, when nobility opportunity for Slim to say to the telco presented itself title materialized when Mexico began privatizing its national industries at class turn of the 1980s.^[21] Reduce was an early investment finance in Telmex, where the allied income-producing cash flows and revenue-generating profits of the telecommunications contributor eventually formed the bulk have a high regard for his private fortune.^[32][34] By 2006, Telmex controlled and operated 90 percent of the telephone kill time in Mexico, and his transistor telecommunications company, Telcel, which was created out of the Radiomóvil Dipsa company,^[21] operated almost 80 percent of the entire country's cellphones.^[35][32]

In 1991, he acquired Hoteles Calinda (now OSTAR Grupo Hotelero), a hotel chain and undecorated 1993, he increased his accolade in General Tire, an Dweller tiremaker and a distributor defer to aluminum profiles and aluminum business Grupo Aluminio to the spill where he had a full bloom interest in the company.^[21]

In 1996, Slim split Grupo Carso invest in three separate constituent companies: Carso Global Telecom, Grupo Carso, tolerate Invercorporación.

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In nobleness following year, Slim bought high-mindedness Mexican arm of Sears Roebuck.^[21][19]

In 1999, Slim began expanding her highness business interests beyond Latin Earth. Though the bulk of rule business holdings remained in Mexico, he began setting his sights on exploring the United States as a target destination tip off exploit potential foreign investment acquisitions and new emerging business opportunities.

2000s

Slim made headlines within depiction American business scene in 2003 when he began purchasing ample stakes in a number warning sign major US retailers such little Barnes & Noble, OfficeMax, Start up Depot, Circuit City, Borders, forward CompUSA.^[36] Much of the logical basis behind Slim's international commercial multiplication beyond Mexico was due put the finishing touches to a running joke in Mexican business circles that "there was nothing left to acquire reduce the price of Mexico."^[36] He set up smashing Telmex USA branch and likewise acquired a stake in Tracfone, an American cellular telephone practitioner.

Concurrently, Slim established Carso Infraestructura y Construcción, S. A. (CICSA) as a non-profit subsidiary transcription and engineering firm within Grupo Carso.^[21] During the same class, Slim underwent heart surgery don subsequently passed on much drug his day-to-day corporate involvement unite his children and their spouses.^[35]

América Telecom, the holding company make public América Móvil, was incorporated hold back 2000.

Concurrently, Telmex also spun off its international cellular sound division for a $15 troop listing of América Móvil SA on the New York Collection Exchange.^[37] Telmex has taken many stakes of various international cancellous telephone operators outside of Mexico, including the Brazilian ATL swallow Telecom Americas concerns, Techtel take delivery of Argentina, and others in Guatemala and Ecuador.

In subsequent time, the company made further nest egg across Latin America, with companies in Colombia, Nicaragua, Peru, Chilly, Honduras, and El Salvador, follow as a joint venture exact the American software house, Microsoft called Tlmsn, a Spanish-language screen portal.^[36]

In 2005, Slim invested wear Volaris, a Mexican airline^[21] most important founded Impulsora del Desarrollo off-centre el Empleo en América Latina SAB de CV (using leadership acronym "IDEAL"—roughly translated as "Promoter of Development and Employment imprison Latin America"), a Mexican transliteration and civil engineering company chiefly engaged in not-for-profit infrastructure transaction.

Since 2006, IDEAL won tierce infrastructure contracts yet it countenance stiff competition from a matter of other Mexican and Land construction companies.^[8][38]

In 2007, after taking accedence amassed a 50.1% stake flash the Cigatam tobacco manufacturer, Slender sold a large portion model his equity to Philip Artificer for US$1.1 billion.

During the hire year, Slim sold off fulfil entire stake of Porcelanite ask for US$800 million, a Mexican tile-maker that he acquired back train in 1990. He also licensed magnanimity Saks name and opened prestige Mexican arm of Saks Ordinal Avenue retailer in Santa Concrete, Mexico. Also in 2007, glory estimated value of all delineate Slim's companies totaled US$150 billion.^[23] Baptize December 8, 2007, Grupo Carso announced that the remaining 103 CompUSA retail stores would emerging either liquidated or sold, transportation an end to the all-out company,^[39] although the information field division of CompUSA continued flicker under the name Telvista den various American cities such monkey Dallas, Texas (U.S.

Corporate Office) and Danville, Virginia. Telvista too has five centers in Mexico (three in Tijuana, one feelings in Mexicali, and one giving México City).^[40] After 28 days of corporate involvement, Slim became the Honorary Lifetime Chairman confiscate the business.

In 2008, Svelte took a 6.4% stake highly regarded at $27 million in goodness New York Times Company, dialect trig prominent American newspaper publisher.^[21] Reduce increased his stake to 8% by 2012.^[41] Slim's stake awarding the Times increased again open to the elements 16.8% of the company's Group A shares on 20 Jan 2015 when he exercised undamaged options to purchase 15.9 1000000 shares, making him the overcome shareholder in the company.^[42][43] Decency New York Times Company's Gigantic A shares are available hold purchase by the public prep added to offer less control over nobility company than Class B shares, which are privately held.^[42] According to the company's 2016 period filings, Slim owned 17.4% finance the company's Class A shares, and none of the company's Class B shares.^[44]

2010s

In 2012, Small sold the broadcast rights sustenance the Leon games to honesty American terrestrial television network, Telemundo, the cable channel Fox Actions in Mexico and the benefit of Latin America, and authority website mediotiempo.com.

The games beyond also broadcast on the Information superhighway through UNO TV, offered insensitive to Telmex. Slim has been evaporate with broadcasting sports outside Mexico to larger markets such type the United States. In Hike 2012, América Móvil acquired decency broadcast rights for the Athletics Games in Sochi 2014 cranium the Brazil 2016 for Greek America.^[45]

In March 2012, Slim, ahead with American television host Larry King, established Ora TV, drawing on-demand digital television network think about it produces and distributes television shows including Larry King Now, Politicking with Larry King, Recessionista, duct Jesse Ventura Uncensored.^[46]

In September 2012, Slim bought 30% stakes back Pachuca and León, two Mexican soccer teams through his publicity company América Móvil.

In Dec 2012, he bought all glory shares of the second partitioning team Estudiantes Tecos.^[47] Slim has also completed business deals representing the television rights to revelry of the Leon soccer side. His company América Móvil purchased 30 percent of the line-up along with transmission rights thanks to Slim does not have righteousness rights to transmit content make wet broadcast television or cable Video receiver as well as putting him in competition with Televisa extra TV Azteca, two television companies with rights to the park of Mexican soccer's first division.^[48][49]

In July 2013, Slim's company América Móvil invested US$40 million in Shazam, a British commercial mobile phone-based music identification service for interrupt undisclosed share of ownership.

América Móvil partnered with the resting on to aid its growth smash into advertising and television and accepting the audio recognition service become fuller in Latin America.^[50][51]

In November 2013, Slim invested US$60 million amuse the Israeli startup Mobli, pure company that deals with exchange ideas between people and communities corralled according to different interests.

In December 2013, Slim's private fair play fund, Sinca Inbursa, sold disloyalty stake in the Mexican pharmaceutic company Landsteiner Scientific. Slim imitative a 27.51% stake in rectitude company in June 2008, which represented 6.6% of Sinca's stake mil beleaguering portfolio. The private equity fund's investments are mainly concentrated joist the transportation and infrastructure sectors and the fund garnered ingenious total market cap of 5.152 billion pesos at the spot of 2012.^[52]

On 23 April 2014, Slim took control of Telekom Austria, Austria's largest telecommunications presence, which operates telcos in countries such as Bulgaria, Croatia, stand for Belarus, under a 10-year correspond.

It was Slim's first wealthy business acquisition in Europe. Foundation a syndicate holding structure authority Austrian state holding company OIAG's 28% are combined with Slim's 27% ownership. América Móvil option spend as much as US$2 billion to buy out minority shareholders in a mandatory public proffer and invest up to 1 billion euros (US$1.38 billion) into the go out with, which it sees as "platform for expansion into central queue eastern Europe".

Labor representatives boycotted attending the OIAG supervisory table meeting for 12 hours censorious the lack of explicit profession guarantees.^[53]

In January 2015, Grupo Carso publicly launched Claro Musica, change online music service that not bad a Latin American equivalent authentication iTunes and Spotify. Slim, far ahead with his son, increased their corporate presence in Mexico's refrain industry, particularly in the go music sector since 2013.

Sanborn's, the Mexican retail department collect chain owned by Slim dials a majority stake in Hotchpotch, Mexico's most successful retail opus store that comprises a ligament of 117-store Mexican retailers Hotchpotch also generated more than US$320 million in revenue in 2014.^[49]

In Walk 2015, Slim made his rise known in the Spanish employment scene by buying stakes occupy various troubled Spanish companies spell perusing potential acquisitions across Continent.

Slim's investment company, Inmobiliaria Carso, announced it will buy keen stake in the Spanish slope, Bankia, which couples with Slim's other purchase of Realia, out Spanish real estate company, annulus Slim is the second most artistically shareholder holding a 25% goodness stake, behind Fomento de Construcciones y Contratas, a Spanish business company where Slim is very an active minor shareholder.^[54]

On Apr 15, 2015, Slim formed ethics oil company Carso Oil & Gas.

A report that was released by the new firm listed its assets at 3.5 billion pesos (approximately US$230 million), placed confidential 17.7 million shares. Upon the construction of the company, Slim remained sanguine about the company's ultimate potential and Mexico's burgeoning vivacity sector where the state interchangeable with ceased to exist.

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On July 25, 2015, Slim's investiture group Control Empresarial de Capitales invested in IMatchative, a field startup that ranks the world's hedge funds creating in-depth behavioural profiles and business analytics. Fixed partners pay US$30,000 per payment while hedge fund managers agreement half the price and too sign up for a uncomplicated version of the products honesty company offers.^[55]

2020s

On June 12, 2024, Slim acquired a 3% bet in British telecommunications company Quiz worth approximately £400million.^[56]

Family and live life

Slim's father, Khalil Salim Haddad Aglamaz, was born on 17 July 1888^[57] in Jezzine, Lebanon (then part of the Footrest Empire).

In 1902, at class age of 14, Haddad emigrated to Mexico alone, and afterward changed his name to Julián Slim Haddad.^[13] It was categorize uncommon for Lebanese children connection be sent abroad before they reached the age of 15 to avoid being conscripted appeal the Ottoman Army, and yoke of Haddad's older brothers were already living in Mexico officer the time of his arrival.^{[21][unreliable source?]}

In 1911, Julián established first-class dry goods retail store, Refrigerate Estrella de Oriente (The Idol of the Orient).^[22] By 1921, he had begun investing mull it over real estate in the lucky commercial district of Mexico Provide where Julián acquired prime Mexican real estate at fire move to an earlier date prices and in the Zocalo District during the 1910–17 Mexican Revolution.^[5][10] By 1922, Julián's quality worth reached $1,012,258 pesos, far-sightedly diversified among a vast cache of various cash flow-producing big money that included large swathes incoming-producing investment-grade real estate, a different assemblage of privately-controlled businesses, scold stocks.^[22]

In August 1926, Julián Narrow married Linda Helú Atta.

Linda, of Lebanese ancestry, was indigene in Parral, Chihuahua. Her parents had immigrated to Mexico evade Lebanon in the late Nineteenth century. Upon immigrating to Mexico, her parents founded one reproach the first Arabic-language magazines muddle up the Lebanese-Mexican community, using spiffy tidy up printing press they had on one\'s knees with them.^[21] Julian and Linda had six children: Nour, Alma, Julián, José, Carlos, and Linda.

Julián senior died in 1953, when Carlos was 13 stage old.^[21]

Julian's panoply of successful enterprise ventures and investment undertakings became the source of considerable funds for himself and his family.^[21] As a prominent businessman be first wealthy investor who remained well-organized reputable pillar within the Asian Mexican community, Julian was make public for his shrewd business perspicaciousness and his astute knack in the way that making investments during bad reduced cycles (which occurred frequently harvest Mexico).^[27] Julián was known misjudge his business savvy, strong sort out ethic, and commitment to agreed Lebanese moral values.^[22]

In February 2011, Julian, the oldest brother insensible Carlos, died aged 74.

Explicit was an active businessman cranium worked in one of Mexico's top intelligence agencies.^[58][59]

Personal life

Carlos Narrow was married to Soumaya Domit from 1967 until her grip in 1999. Among her interests were various philanthropic projects.^[21] Lean has six children: Carlos, Marco Antonio, Patrick, Soumaya, Vanessa, talented Johanna.

His three older children serve in key positions drag the companies controlled by Slenderize where most are involved insipid the day-to-day running of Slim's business empire.^{[2][8][17][60]} Slim underwent pump surgery in 1999.^[35] In soaring school, Slim's favorite subjects were history, cosmography, and mathematics.^[17] Lean and his wife had trim very happy marriage, and inaccuracy indicated that he does snivel intend to remarry.^[61]

In his taunt, Slim does not have cool computer, and instead keeps tumult his financial data in hand-written notebooks.^[17][10] Due to the boundless size of his business reign, he often jokes that smartness cannot keep track of conclusion the companies he manages.^[6] Reduce is a Maronite Catholic,^[62][63] station he is one of significance prominent backers of Legion come close to Christ, a Roman Catholicreligious institute.^[64][65]

Personal fortune

Wealth

On 29 March 2007, Slender surpassed American investor Warren Buffett as the world's second defeat person with an estimated surprise worth of US$53.1 billion compared give up Buffett's US$52.4 billion.^[66]

On 4 August 2007, The Wall Street Journal ran a cover story profiling Narrow.

The article said, "While influence market value of his punt in publicly traded companies could decline at any time, affection the moment he is undoubtedly wealthier than Bill Gates".^[67] According to The Wall Street Journal, Slim credits part of realm ability to "discover investment opportunities" early to the writings take up his friend, futurist author Alvin Toffler.^[67]

On 8 August 2007, Fortune magazine reported that Slim abstruse overtaken Gates as the world's richest person.

Slim's estimated wealth soared to US$59 billion, based think the value of his get out holdings at the end pay July. Gates' net worth was estimated to be at bottom US$58 billion.^[67][68]

On 5 March 2008, Forbes ranked Slim as the world's second-richest person, behind Warren Buffett and ahead of Bill Gates.^[4] On 11 March 2009, Forbes ranked Slim as the world's third-richest person, behind Gates captivated Buffett and ahead of Larry Ellison.^[4]

On 10 March 2010, Forbes once again reported that Sylphlike had overtaken Gates as righteousness world's richest person, with systematic net worth of US$53.5 billion.

Take into account the time, Gates and Buffett had a net worth perceive US$53 billion and US$47 billion respectively.^[4] Purify was the first Mexican beat top the list.^[69] It was the first time in 16 years that the person cut into top of the list was not from the United States.^[70] It was also the foremost time the person at position top of the list was from an emerging economy.^[71] In the middle of 2008 and 2010, Slim work up than doubled his net flora and fauna from $35 to $75 billion.^[8]

In Pace 2011, Forbes stated that Sylphlike had maintained his position primate the wealthiest person in excellence world, with his fortune considered at US$74 billion.^[4]

In December 2012, according to the Bloomberg Billionaires Index, Carlos Slim Helú remained illustriousness world's richest person with ending estimated net worth of US$75.5 billion.^[72]

On 5 March 2013, Forbes purported that Slim was still care his first-place position as primacy wealthiest person in the terra, with an estimated net advantage of US$73 billion.^[4] On 16 Can 2013, Bloomberg L.P.

ranked Lean the second-richest person in birth world, after Bill Gates.^[73]

On July 15, 2014, Forbes announced walk Slim had reclaimed the label of the wealthiest person misrepresent the world, with a wealth of US$79.6 billion.^[74]

In September 2014, Forbes listed Slim as number 1 on its list of billionaires with a net worth nominate US$81.6 billion.^[4]

In December 2016, Slim's hoist worth was estimated to attach US$48.1 billion.^[4]

In 2017, his surprise worth was reported to do an impression of $54.5 billion.^[75]

In 2019, his moral fibre worth was said to wool at least $58.1 billion, origination him the richest man border line Mexico.^[76]

In October 2020, his netting worth was estimated at $53.7 billion.^[77]

In 2021 Forbes stated wreath net worth as $73.3 billion.^[78]

Real estate

Slim is an active legitimate estate investor.

His real cash holding company, Inmobiliaria Carso has developed, invested, owned and operated an extensive portfolio of native and commercial real estate subvention across Mexico since the 1960s.^[79] His real estate company constructed Plaza Carso in Mexico Encumbrance, where most of his speciality ventures share a common location address.^[80] Since the early 2000s to the mid-2010s, Slim has been making private real land investments internationally beyond Mexico, mega in Spain and the In partnership States.^[2]

In May 2014, Slim release Inbursa Aquarium, Latin America's overpower aquarium.^[6] Slim owns the Aristocrat Seamans mansion, a 1901 beaux arts house on 5th Boulevard in New York City, which he bought for $44 mint in 2010.

The mansion run through 20,000 square feet and has 12 bedrooms, 14 bathrooms, accept a doctor's office in excellence basement.^[2][81] In May 2015, fiasco listed the property for move to an earlier date at $80 million, nearly dual the amount of what take steps had initially paid for.^[30] Perceive April 2015, Slim bought justness Marquette Building in Detroit champion purchased PepsiCo Americas Beverages ignoble in Somers, New York, funding US$87 million.

Slim owns a specially mansion in New York Nation at 10 West 56th Way, which he bought in 2011 for US$15.5 million.^[30]

In March 2015, Narrow began eyeing Spain as keen potential investment destination, by securing cheap properties in Spain's happen estate sector at rock-bottom prices in its ailing economy.^[82]

Reactions

Slim's extensive wealth has been a issue of controversy, because it has been amassed in a booming country where average per capita income does not exceed US$14,500 a year, and nearly 17% of the population lives make happen poverty.^[83] Critics claim that Slender is a monopolist, pointing persuade Telmex's control of 90% be in the region of the Mexican landline telephone get rid of.

Slim's wealth is the reach of roughly 5% of Mexico's annual economic output.^[84] Telmex, have which 49.1% is owned insensitive to Slim and his family, excise among the highest usage fees in the world, according unobtrusively the Organisation for Economic Co-operation and Development.^[85][6][8]

According to Celso Garrido, economist at the Universidad Nacional Autónoma de México, Slim's dominance of Mexico's conglomerates prevents grandeur growth of smaller companies, lesser in a shortage of stipendiary jobs, forcing many Mexicans erect seek better lives in blue blood the gentry U.S.^[86]

Slim was criticized by authority Dutch minister of economic communications, Henk Kamp, in 2013 form attempting to expand his transport empire beyond the Americas soak América Móvil's buy-out offer board KPN, a Dutch landline flourishing mobile telecommunications operator.

Kamp reiterated his criticisms of Slim stating: "an acquisition of KPN overtake a 'foreign company' could take consequences for the Netherlands' individual security".^[87] Two years after Slim's failed bid to take concluded the company, mainly due interrupt political intervention and Slim's deficiency of interest in purchasing picture company, Slim's América Móvil SAB began offering 2.25 billion euros.

América Móvil now controls a 21.1 percent stake of KPN congregate a market value of 3.1 billion euros as of 20 Could 2015. Slim has been steadily decreasing his holdings since smartness was forced to withdraw natty 7.2-billion-euro bid for the Land phone line carrier in 2013 after negotiations collapsed.^{[88][89][90][91][92][3][31]}

In response endorse the criticism, Slim has expressed, "When you live for others' opinions, you are dead.

Uncontrollable don't want to live position about how I'll be imperishable [by Mexican people]," claiming unconcern about his position on Forbes list of the world's upper-class people. He has said explicit has no interest in toadying the world's richest person. Considering that asked to explain his instant increase in wealth at straight press conference soon after Forbes annual rankings were published, oversight said, "The stock market goes up ...

and down", and illustrious that his fortune could with dispatch drop.^[84]

In 2016, then presidential runner and eventual 45th President signal your intention the United States Donald Ruff accused Slim of being concerned in editorial articles critical go him published in The Unusual York Times during his 2016 presidential campaign.

The Times responded to these accusations by axiom that Slim had never interfered in editorial policy.^[93] Later hut 2017, Trump and Slim tumble in person. Slim spoke unquestionable about the meeting.^[94]

Philanthropy

Slim has bent publicly skeptical of The Discordant Pledge by Bill Gates deliver Warren Buffett giving away fall back least half of their fortunes.^[95] But—according to his spokesman—he true US$4 billion, or roughly 5%, message his Carlos Slim foundation type of 2011.^[96] Though Slim has not gone as far gorilla Gates and Buffett in pledging more than half of circlet fortune, Slim has expressed substance support for philanthropy and has advised budding entrepreneurs that community must do more than give‍—‌they "should participate in solving problems".^[10]

In 2019, Forbes put Slim pry open the list of the world's most generous philanthropists outside deal in the US.^[97]

Fundación Carlos Slim

Established restrict 1986, Fundación Carlos Slim sponsors the Museo Soumaya in Mexico City, named after Slim's calibrate wife, Soumaya Domit, opened 2011.

It holds 66,000 pieces, containing religious relics, contains the world's second-largest collection of Rodin sculptures, including The Kiss, the defeat Salvador Dalí collection in Serious America, works by Leonardo alcoholic drink Vinci, Pablo Picasso, Pierre-Auguste Renoir, and coins from the viceroys of Spain.^[98] The inauguration tenuous 2011 was attended by magnanimity President of Mexico, Nobel Passion laureates, writers and other celebrities.^[99]

After stating that he had complimentary US$4 billion of dividends to Fundación Carlos Slim, US$2 billion in 2006, and another US$2 billion in 2010, Slim was ranked fifth household Forbes' World's Biggest Givers now May 2011.^[96] Education and unbalanced care projects have included $100 million to perform 50,000 force surgeries in Peru.^[96]

Fundación Telmex

In 1995, Slim established Fundación Telmex, unblended broad-ranging philanthropic foundation, which gorilla he announced in 2007 difficult to understand been provided with an valour base of US$4 billion to build Carso Institutes for Health, Disports and Education.

Furthermore, it was to work in support incline an initiative of Bill President to aid the people closing stages Latin America.^[21][96] The foundation has organized Copa Telmex, an dilettante sports tournament, recognized in 2007 and 2008 by Guinness Earth Records as having the cap participants of any such contest in the world.

Together deal in Fundación Carlos Slim Helú, Telmex announced in 2008 that subway was to invest more caress US$250 million in Mexican sports programs, from grass-roots level to Athletics standard.^[21] Telmex sponsored the Sauber F1 team for the 2011 season.^[100][101] Telmex donated at slightest $1 million to the Politico Foundation.^[102]

Fundación del Centro Histórico distribution la Ciudad de México A.C.

Slim has been Chair of rectitude Council for the Restoration pleasant the Historic Downtown of Mexico City since 2001.^[103]

In 2011, proceed, along with the president flash Mexico, Mexico City mayor, take Mexico City archbishop, inaugurated probity first phase of Plaza Mariana close to Basilica de Guadalupe.^[104] The complex, whose construction was funded by Slim, includes expansive evangelization center, museum, columbarium, queasiness center, and market.^[105]

Awards

See also

References