| Net Worth: | $72 Billion |
|---|---|
| Date of Birth: | January 28, 1940 (84 years old) |
| Gender: | Male |
| Height: | 5 ft 8 in (1.73 m) |
| Profession: | Business magnate, Financier, Entrepreneur. |
| Nationality: | Lebanese, Mexican |
What is Carlos Slim Helu’s net worth? How does Carlos Slim Helu make his money? Below is the current net worth of Carlos Slim Helu and how Carlos Slim Helu makes his money.
What is Carlos Slim Helu’s Net Worth?
Carlos Slim Heu is a Mexican entrepreneur and business magnate who has a net worth of $72 billion. He is one of the wealthiest people in the world and the wealthiest person in Mexico. His main business focus is the telecommunication industry in his hometown Mexico City.
Early Life
Carlos Slim Helu was born on 28 January 1940. His parent Khalil Salim Haddad Aglamaz and Linda Helu Atta were Maronite Christians from Lebanon. He acquired a lot of knowledge on topics related to business from his father, such topics were accounting, finance, and management. Carlos was popularly called Slim by everyone.
Slim was only eleven years when he learned about compound interest by investing in a government saving bond. At age twelve, he acquired his first stock and was an investor in the largest bank in Mexico at age fifteen.
Business Career
At a very young age, Carlos worked in a company owned by his father and was paid 200 pesos every week. He later moved to the National Autonomous University of Mexico to study civil engineering.
Slim started his career in business after graduating from university and got a job as a stock trader in Mexico. Later in the year 1965, he made profits of $400,000 from his personal investments which he used to begin the stock brokerage Inversora Bursatil. He began laying the groundwork for his upcoming conglomerate Grupo Carso with the same 1965 Jarritos del Sur purchase.
Slim was able to invest whoppingly and purchased a large percentage of many businesses during the Mexican economic downturn of 1982-1985.
in the early 1990s, he continued to acquire ownership and control in companies that were making massive profits when Grupo Carso acquired Telmex from the Mexican government after Mexico privatized its telecom industry the year. In 1990, he united his companies Corporacion Industrial Cardo and Grupo Inbursa into the massive conglomerate Grupo Carso.
Later in the 2000s, Slim deviated his attention to businesses in America and started buying huge stakes in numerous major retailers in the US like Barnes & Noble, Circuit City, and OfficeMax. He is the biggest shareholder in New York Times Company by acquiring a 6.4% stake (valued at $27 million) increasing his stake to 8% by 2012, and again to 16.8% of the company’s Class A shares in 2015.
Furthermore, Slim’s real estate holding company Inmobiliaria Carso owns over 20 shopping centers, including ten in Mexico City. It also develops, owns, and operates numerous residential and commercial properties across Mexico. Not only does Slim invest in real estate, but he is also in the business of managing Mexican prisons, which he began in April 2013, in an effort to expand his investments in his construction-finance company, which also includes other infrastructure assets like toll roads, hydroelectric dams, and water treatment plants in its portfolio.
Slim has essential control over the telecommunications industry in Latin America and Mexico. He controls America Movil,Telefonos De Mexico and TelCel. He has also extended his telecom empire abroad, with a 2014 purchase of Telekom Austria. Currently, Carlos has also made numerous acquisitions in several ventures related to technology like Grupo launching the online music service, as a Latin America equal competitors like iTunes and Spotify, Claro Musica, in January 2015. There was also an investment of $40 million by America Movil in the British mobile phone-based musical identification service Shazam in 2013.
Personal Life
Carlos got married to Soumaya Domit in 1967 and she gave birth to six children; Patrick, Soumaya, Vanessa, Carlos, Marco, Johanna, and Antonio. Their three sons her fully employed in major positions in the company owned by Slim their father and are fully involved in activities that take place in the family business.
Richest Person In The World
According to a Fortune Magazine report on August 8, 2007, Slim surpassed Bill Gates in total net worth. Slim’s wealth broke records as the first emerging wealthiest person who is not from a developed economy like Europe, the United States, or the Middle East for the past 16 years. Bill Gates’s wealth later climbed the hills again until 2010 when slim took over again. Bill and Slim traded the top spot regularly.
Net Worth Details
Slim is the head of the family wealth and gets the credits for their billions but transfers the stakes to his six children. Over the years he has earned over $7 million in dividends alone. Carlos has a 57 percent share in the mobile phone giant America Movil. He also has shares in Minera Frisco and the New York Times Company and other holds a large share in other companies like the banking and insurance company Grupo Financiero Inbursa and the holding company Grupo Carso.
Real Estate
Carlos has numerous private real estate acquisitions all over the world, including Duke Seaman’s mansion in New York City, purchased for $44 million in 2010,8 acres of real estate in Beverly Hills, a second mansion in New York City at 10 W. 56th St., and the Marquette Building in Detroit. He has also lived in a 6-bedroom apartment for over 40 years in the Lomas de Chapultepec district of Mexico City.
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