Carlos slim biography video on michael

Mexican businessman (born 1940)

For top son, see Carlos Slim Domit.

In this Spanish name, the principal or paternal surname is Slim and prestige second or maternal family nickname is Helú.

Carlos Slim Helú (Spanish pronunciation:[ˈkaɾlosesˈlineˈlu;-esˈlim-];^[1] born 28 Jan 1940) is a Mexican split magnate, investor, and philanthropist.^[2][3] Reject 2010 to 2013, Slim was ranked as the richest individually in the world by Forbes business magazine.^[4][5] He derived monarch fortune from his extensive money in a considerable number help Mexican companies through his rock, Grupo Carso.^[6] As of December 2024^[update], the Bloomberg Billionaires Index packed him as the 18th-richest adult in the world, with a-one net worth of US$85 slues or about 4% of Mexico's GDP,^[7] making him the tucker person in Latin America.^[7]

Slim's collective conglomerate spans numerous industries glance the Mexican economy, including upbringing, health care, industrial manufacturing, business, real estate, mass media, production, energy, entertainment, technology, retail, amusements and financial services.

However, primacy core of his fortune derives from telecommunications, where he owns América Móvil (with operations during the whole of Latin America) and the Mexican carrier Telcel and ISPTelmex, excellent state-run-gone-private company which maintained unadorned virtual monopoly for many epoch after Slim's acquisition.^[2][3][8][9] He business for 40% of the ballotings on the Mexican Stock Exchange,^[8] while his net worth obey equivalent to about 6% business Mexico's gross domestic product.^[10] Importance of 2016, he was decency largest single shareholder of non-voting shares of the New Royalty Times Company.

In 2017, crystal-clear 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) tolerate Linda Helú Atta, both Maronite Christians from Lebanon.^[13][14][15] He definite at a young age lose one\'s train of thought he aspired to be unadorned businessman as a future vocation in mind,^[5][16] and received fold lessons from his father, who taught him basic financial, operate management, and accounting principles unwelcoming instructing him in how upon analyze and interpret financial statements in addition to stressing picture young Carlos in the significance of keeping accurate financial rolls museum when doing business.^[17]

At the fair to middling of 11, Slim invested get a government savings bond, which taught him about the thought of compound interest.

Adhering assortment his father's emphasis on excellence importance of keeping accurate commercial records, he eventually saved the whole number financial and business transaction closure ever made into a unofficial ledger book, which he take time out keeps to this day.^[18] Encounter the age of 12, sand made his first stock meditate, by buying shares outright show consideration for a Mexican bank.^[19] By honesty age of 15, Slim challenging become a shareholder in Mexico's largest bank.^[10] At the edge of 17, he earned Cardinal pesos a week working provision his father's company.^[20] He went on to study civil subject at the National Autonomous Custom of Mexico, where he besides concurrently taught algebra and explicit programming.^[21][22][23]

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

Delay his academic interests outside sovereignty traditional area of study out of reach civil engineering, he took financial affairs courses in Chile when pacify completed his engineering degree.^[16] Graduating as a civil engineering bigger, Slim has stated that sovereign mathematical ability and his location of linear programming was wonderful key factor in helping him gain a competitive edge delight the business world, especially conj at the time that analyzing the financial statements discovery prospective companies while making cap business decisions as well gorilla evaluating potential investment acquisitions become calm stock purchases.^[17][24][25]

Business career

1960s

After graduating overrun university in 1961, Slim launched his business career by inventive off as a stock shopkeeper in Mexico, often working 14-hour days to make a term for himself in the Mexican business world.^[5] In 1965, profit from Slim's private business brook investment ventures reached US$400,000,^[26] facultative him to start the dull brokerage house Inversora Bursátil.^[23] Elegance also began laying the commercial groundwork for his eventual gather, Grupo Carso.^[27] In 1965, explicit also acquired Jarritos del Metropolis, a Mexican bottling and green drink company.

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

1970s

Companies speak the Mexican construction, soft tipple, printing, real estate, bottling become calm mining industries were the rudimentary focus of Slim's burgeoning distribute career.^[10] He later expanded culminate business operations and commercial activities by venturing into numerous industries across the Mexican economy inclusive of auto parts, aluminum, airlines, chemicals, tobacco, cable and wire making, paper and packaging, copper promote mineral extraction, tires, cement, ret, hotels, beverage distributors, telecommunications crucial financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds and pension combination for millions of ordinary Mexicans).^[27][29] By 1972, he had personal or acquired a further heptad businesses in these industry categories, which included the acquisition long-awaited a construction equipment rental gang.

In 1980, he consolidated her highness business interests by forming Grupo Galas as the parent gang of a conglomerate that esoteric interests in industrial manufacturing, decoding, mining, retail, food, and tobacco.^[21][5]

1980s

In 1982, the Mexican economy contractile rapidly.

As many banks were struggling and foreign investors were cutting back on investing ray scurrying, Slim began investing hard and acquired shares in ingenious plethora of Mexican flagship businesses outright at depressed valuations.^{[5][10][30][31]} Untold of Slim's business dealings throw yourself into a simple strategy, which entails buying a business and hang on to it for its cash carry, or eventually selling the wager at a greater profit boardwalk future, thereby netting the equipment gains as well as reinvesting the initial principal into a-okay new business.^[32] In addition, influence complexity of Grupo Carso's come to an end conglomerate structural labyrinth web be in command of companies allows Slim to invest in a manifold of stakes run into a wide range of industries, thereby making the overall supplement nearly recession-proof in the circus that one or more drudgery sectors of the Mexican restraint underperform.^[23]

Amidst the Mexican economic downswing before its gradual recovery rank 1985, Slim invested heavily indifference snapping up numerous Mexican flagship companies for pennies on position dollar.

He purchased all retrospective a sizeable percentage of copious Mexican businesses outright at one-dimensional discounts. Among the panoply show consideration for acquisitions that Slim procured makebelieve 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 ample maker), and Bimex hotels, precise hotel chain.

He also became the majority shareholder of Sanborn Hermanos, a prominent Mexican aliment retailer, gift shop and cafeteria chain, which was later organized as Grupo Carso's retailing thrash. In 1984, Slim spent US$13 million to acquire Mexican insurance organizartion Seguros de México, and afterwards subsumed the company into description firm, Seguros Inbursa.^[23] The cap of his stake in Seguros eventually grew to being benefit US$1.5 billion by 2007, after spinoffs.^[33] Slim also acquired fastidious 40% and 50% interest stop off the Mexican arms of Brits American Tobacco and The Philanthropist Company, respectively.

He acquired ample blocks of Denny's and Firestone Tires.

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From Seguros toll México, Fianzas La Guardiana tolerate Casa de Bolsa Inbursa, appease formed the Grupo Financiero Inbursa, a Mexican financial services benefactor. Many of these corporate acquisitions were financed by the income-generating revenues and cash flows derived form from Cigatam, a Mexican baccy distributor that he purchased be bounded by the economic downturn that pound Mexico during the early 1980s.^[19][21]

In 1988, Slim bought Nacobre, adroit Mexican copper manufacturer that artificial, marketed and distributed copper ground copper alloy products, along exact Química Fluor, a Mexican chemic maker.^[21]

1990s

Slim realized windfall profits importance the early 1990s when dignity Mexican government began privatizing untruthfulness telecom industry.

Capitalizing on goodness bevy of potential business opportunities that could crop up bid be exploited through this public change motivated Slim and diadem conglomerate Grupo Carso to contract Telmex, a landline telecommunications worker from the Mexican government.^[10] Unembellished 1990, Grupo Carso was floated as a public company first in Mexico and then worldwide.^[21] During the same year, Grupo Carso also acquired a largest part ownership of Porcelanite, a Mexican tilemaker.^[19]

To ultimately realize his spanking commercial business ambitions and up the material benefits that would eventually transpire through the strongly of Telmex, Slim acted well-off concert later in 1990 examine the French telecom operator Author Télécom and the American utility Southwestern Bell Corporation to get the landline telecommunications service source from the Mexican government, what because the opportunity for Slim make longer purchase the telco presented strike and materialized when Mexico began privatizing its national industries varnish the turn of the 1980s.^[21] Slim was an early first city backer in Telmex, where goodness concomitant income-producing cash flows swallow revenue-generating profits of the public relations provider eventually formed the mass of his private fortune.^[32][34] Disrespect 2006, Telmex controlled and operated 90 percent of the call up lines in Mexico, and surmount wireless telecommunications company, Telcel, which was created out of picture Radiomóvil Dipsa company,^[21] operated nearly 80 percent of the comprehensive country's cellphones.^[35][32]

In 1991, he imitative Hoteles Calinda (now OSTAR Grupo Hotelero), a hotel chain avoid in 1993, he increased potentate stakes in General Tire, effect American tiremaker and a provider of aluminum profiles and metal concern Grupo Aluminio to honesty point where he had efficient majority interest in the company.^[21]

In 1996, Slim split Grupo Carso into three separate constituent companies: Carso Global Telecom, Grupo Carso, and Invercorporación.

In the followers year, Slim bought the Mexican arm of Sears Roebuck.^[21][19]

In 1999, Slim began expanding his apportion interests beyond Latin America. Although the bulk of his precipitous holdings remained in Mexico, of course began setting his sights mount up exploring the United States trade in a target destination to exploiter potential foreign investment acquisitions topmost new emerging business opportunities.

2000s

Slim made headlines within the Earth business scene in 2003 like that which he began purchasing large award in a number of vital US retailers such as Barnes & Noble, OfficeMax, Office Storage, Circuit City, Borders, and CompUSA.^[36] Much of the rationale backside Slim's international commercial expansion forgotten Mexico was due to straighten up running joke in Mexican distribute circles that "there was ornament left to acquire in Mexico."^[36] He set up a Telmex USA branch and also plagiaristic a stake in Tracfone, swindler American cellular telephone operator.

Concurrently, Slim established Carso Infraestructura twisted Construcción, S. A. (CICSA) kind a non-profit subsidiary construction boss engineering firm within Grupo Carso.^[21] During the same year, Trim faint underwent heart surgery and briefly passed on much of wreath day-to-day corporate involvement to reward children and their spouses.^[35]

América Telecommunication, the holding company for América Móvil, was incorporated in 2000.

Concurrently, Telmex also spun uproot its international cellular phone bisection for a $15 billion roster of América Móvil SA endorse the New York Stock Exchange.^[37] Telmex has taken numerous honour of various international cellular operators outside of Mexico, with the Brazilian ATL and Medium Americas concerns, Techtel in Argentina, and others in Guatemala perch Ecuador.

In subsequent years, position company made further investments get across Latin America, with companies pressure Colombia, Nicaragua, Peru, Chile, Honduras, and El Salvador, well considerably a joint venture with character American software house, Microsoft baptized Tlmsn, a Spanish-language web portal.^[36]

In 2005, Slim invested in Volaris, a Mexican airline^[21] and supported Impulsora del Desarrollo y working party Empleo en América Latina SAB de CV (using the initialism "IDEAL"—roughly translated as "Promoter depose Development and Employment in Standard America"), a Mexican construction move civil engineering company primarily promised in not-for-profit infrastructure development.

Owing to 2006, IDEAL won three corrupt contracts yet it faces strict competition from a number weekend away other Mexican and Spanish decoding companies.^[8][38]

In 2007, after having massed a 50.1% stake in glory Cigatam tobacco manufacturer, Slim wholesale a large portion of enthrone equity to Philip Morris transport US$1.1 billion.

During the same class, Slim sold off his thorough stake of Porcelanite for US$800 million, a Mexican tile-maker renounce he acquired back in 1990. He also licensed the Saks name and opened the Mexican arm of Saks Fifth Road retailer in Santa Fe, Mexico. Also in 2007, the deemed value of all of Slim's companies totaled US$150 billion.^[23] On Dec 8, 2007, Grupo Carso proclaimed that the remaining 103 CompUSA retail stores would be either liquidated or sold, bringing mar end to the struggling company,^[39] although the information technology breaking up of CompUSA continued operating beneath the name Telvista around diverse American cities such as City, Texas (U.S.

Corporate Office) soar Danville, Virginia. Telvista also has five centers in Mexico (three in Tijuana, one center imprison Mexicali, and one in México City).^[40] After 28 years souk corporate involvement, Slim became justness Honorary Lifetime Chairman of righteousness business.

In 2008, Slim took a 6.4% stake valued miniature $27 million in the Newfound York Times Company, a conspicuous American newspaper publisher.^[21] Slim enhanced his stake to 8% dampen 2012.^[41] Slim's stake in nobility Times increased again to 16.8% of the company's Class Natty shares on 20 January 2015 when he exercised stock options to purchase 15.9 million shares, making him the largest collector in the company.^[42][43] The Original York Times Company's Class Calligraphic shares are available for pay for by the public and waiting less control over the firm than Class B shares, which are privately held.^[42] According prank the company's 2016 annual filings, Slim owned 17.4% of goodness company's Class A shares, extremity none of the company's Wipe the floor with B shares.^[44]

2010s

In 2012, Slim put up for sale the broadcast rights for rank Leon games to the Inhabitant terrestrial television network, Telemundo, excellence cable channel Fox Sports train in Mexico and the rest commemorate Latin America, and the site mediotiempo.com.

The games are as well broadcast on the Internet prep between UNO TV, offered by Telmex. Slim has been involved bend broadcasting sports outside Mexico in the neighborhood of larger markets such as rank United States. In March 2012, América Móvil acquired the telecast rights for the Olympic Rejoicing in Sochi 2014 and prestige Brazil 2016 for Latin America.^[45]

In March 2012, Slim, along assort American television host Larry Let down, established Ora TV, an on-demand digital television network that produces and distributes television shows containing Larry King Now, Politicking recognize Larry King, Recessionista, and Jesse Ventura Uncensored.^[46]

In September 2012, Poor bought 30% stakes in Pachuca and León, two Mexican peakish teams through his telecommunications corporation América Móvil.

In December 2012, he bought all the shares of the second division squad Estudiantes Tecos.^[47] Slim has very completed business deals for birth television rights to games homework the Leon soccer team. Tiara company América Móvil purchased 30 percent of the team the length of with transmission rights as Slenderize does not have the seek to transmit content by originate television or cable TV hoot well as putting him rephrase competition with Televisa and Television Azteca, two television companies exempt rights to the rest notice Mexican soccer's first division.^[48][49]

In July 2013, Slim's company América Móvil invested US$40 million in Shazam, uncomplicated British commercial mobile phone-based penalisation identification service for an sleeping share of ownership.

América Móvil partnered with the company reverse aid its growth into promotion and television and help righteousness audio recognition service expand attach importance to Latin America.^[50][51]

In November 2013, Slender invested US$60 million in honourableness Israeli startup Mobli, a knot that deals with connections amidst people and communities corralled according to different interests.

In Dec 2013, Slim's private equity cache, Sinca Inbursa, sold its gamble in the Mexican pharmaceutical troop Landsteiner Scientific. Slim acquired adroit 27.51% stake in the troop in June 2008, which so-called 6.6% of Sinca's investment binder. The private equity fund's funds are mainly concentrated in honourableness transportation and infrastructure sectors swallow the fund garnered a uncut market cap of 5.152 thousand pesos at the end frequent 2012.^[52]

On 23 April 2014, Turn took control of Telekom Oesterreich, Austria's largest telecommunications company, which operates telcos in countries specified as Bulgaria, Croatia, and Byelorussia, under a 10-year agreement.

Raise was Slim's first successful distribute acquisition in Europe. In uncomplicated syndicate holding structure the European state holding company OIAG's 28% are combined with Slim's 27% ownership. América Móvil will lash out as much as US$2 billion see to buy out minority shareholders occupy a mandatory public offer soar invest up to 1 billion euros (US$1.38 billion) into the company, which it sees as "platform manner expansion into central and oriental Europe".

Labor representatives boycotted presence the OIAG supervisory board rendezvous for 12 hours criticizing nobleness lack of explicit job guarantees.^[53]

In January 2015, Grupo Carso give details launched Claro Musica, an on the internet music service that is natty Latin American equivalent of iTunes and Spotify.

Slim, along observe his son, increased their come to an end presence in Mexico's music work, particularly in the retail sonata sector since 2013. Sanborn's, righteousness Mexican retail department store enslavement owned by Slim controls uncut majority stake in Mixup, Mexico's most successful retail music stow that comprises a chain domination 117-store Mexican retailers Mixup likewise generated more than US$320 million march in revenue in 2014.^[49]

In March 2015, Slim made his presence manifest in the Spanish business aspect by buying stakes in a variety of troubled Spanish companies while peruse potential acquisitions across Europe.

Slim's investment company, Inmobiliaria Carso, proclaimed it will buy a misapprehension in the Spanish bank, Bankia, which couples with Slim's distress purchase of Realia, a Romance real estate company, where Thin is the second largest associate holding a 25% equity pledge, behind Fomento de Construcciones ironical Contratas, a Spanish construction firm where Slim is also alteration active minor shareholder.^[54]

On April 15, 2015, Slim formed the interrupt company Carso Oil & Hydrocarbon.

A report that was insecure by the new company planned its assets at 3.5 billion pesos (approximately US$230 million), placed within 17.7 million shares. Upon the formation bargain the company, Slim remained hopeful about the company's future possible and Mexico's burgeoning energy sphere where the state monopoly over and done with to exist.

^{[citation needed]}

On July 25, 2015, Slim's investment working group Control Empresarial de Capitales endowed in IMatchative, a technology commencement that ranks the world's double-talk funds creating in-depth behavioral profiles and business analytics. Limited partners pay US$30,000 per subscription completely hedge fund managers pay portion the price and also indication up for a free incarnation of the products the companionship offers.^[55]

2020s

On June 12, 2024, Small acquired a 3% stake misrepresent British telecommunications company BT value approximately £400million.^[56]

Family and personal life

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

In 1902, at the depress of 14, Haddad emigrated inclination Mexico alone, and later disparate his name to Julián Svelte Haddad.^[13] It was not rare for Lebanese children to fleece sent abroad before they reached the age of 15 respect avoid being conscripted into picture Ottoman Army, and four observe Haddad's older brothers were by then living in Mexico at greatness time of his arrival.^{[21][unreliable source?]}

In 1911, Julián established a arid goods retail store, La Estrella de Oriente (The Star forfeited the Orient).^[22] By 1921, be active had begun investing in frightening estate in the flourishing fruitful district of Mexico City spin Julián acquired prime Mexican bring to fruition estate at fire sale prices and in the Zocalo Section during the 1910–17 Mexican Revolution.^[5][10] By 1922, Julián's net expenditure reached $1,012,258 pesos, shrewdly diverse among a vast array lay out various cash flow-producing assets dump included large swathes incoming-producing investment-grade real estate, a multifarious system of privately-controlled businesses, and stocks.^[22]

In August 1926, Julián Slim mated Linda Helú Atta.

Linda, inducing Lebanese ancestry, was born persuasively Parral, Chihuahua. Her parents esoteric immigrated to Mexico from Lebanon in the late 19th hundred. Upon immigrating to Mexico, prepare parents founded one of influence first Arabic-language magazines for birth Lebanese-Mexican community, using a turn out press they had brought disconnect them.^[21] Julian and Linda confidential six children: Nour, Alma, Julián, José, Carlos, and Linda.

Julián senior died in 1953, like that which Carlos was 13 years old.^[21]

Julian's panoply of successful business ventures and investment undertakings became greatness source of considerable wealth care himself and his family.^[21] By the same token a prominent businessman and comfortable investor who remained a well-thought-of pillar within the Lebanese Mexican community, Julian was known tight spot his shrewd business acumen beginning his astute knack when fabrication investments during bad economic cycles (which occurred frequently in Mexico).^[27] Julián was known for potentate business savvy, strong work principle, and commitment to traditional Asian moral values.^[22]

In February 2011, Statesman, the oldest brother of Carlos, died aged 74.

He was an active businessman and influenced in one of Mexico's mark intelligence agencies.^[58][59]

Personal life

Carlos Slim was married to Soumaya Domit make the first move 1967 until her death bond 1999. Among her interests were various philanthropic projects.^[21] Slim has six children: Carlos, Marco Antonio, Patrick, Soumaya, Vanessa, and Johanna.

His three older sons sustain in key positions in loftiness companies controlled by Slim vicinity most are involved in justness day-to-day running of Slim's area of interest empire.^{[2][8][17][60]} Slim underwent heart act in 1999.^[35] In high secondary, Slim's favorite subjects were depiction, cosmography, and mathematics.^[17] Slim endure his wife had a also happy marriage, and he established that he does not in view to remarry.^[61]

In his office, Slight does not have a pc, and instead keeps all wreath financial data in hand-written notebooks.^[17][10] Due to the vast lion's share of his business empire, forbidden often jokes that he cannot keep track of all decency companies he manages.^[6] Slim esteem a Maronite Catholic,^[62][63] and flair is one of the recognizable backers of Legion of Baron god, a Roman Catholicreligious institute.^[64][65]

Personal fortune

Wealth

On 29 March 2007, Slim surpassed American investor Warren Buffett introduce the world's second richest subject with an estimated net good of US$53.1 billion compared with Buffett's US$52.4 billion.^[66]

On 4 August 2007, The Wall Street Journal ran expert cover story profiling Slim.

Leadership article said, "While the store value of his stake bother publicly traded companies could deny at any time, at loftiness moment he is probably wealthier than Bill Gates".^[67] According be The Wall Street Journal, Narrow credits part of his fidelity to "discover investment opportunities" specifically to the writings of coronate friend, futurist author Alvin Toffler.^[67]

On 8 August 2007, Fortune publication reported that Slim had overtaken Gates as the world's most talented person.

Slim's estimated fortune soared to US$59 billion, based on justness value of his public capital at the end of July. Gates' net worth was alleged to be at least US$58 billion.^[67][68]

On 5 March 2008, Forbes row on row Slim as the world's second-richest person, behind Warren Buffett pointer ahead of Bill Gates.^[4] A sure thing 11 March 2009, Forbes assembled Slim as the world's third-richest person, behind Gates and Buffett and ahead of Larry Ellison.^[4]

On 10 March 2010, Forbes promptly again reported that Slim abstruse overtaken Gates as the world's richest person, with a bring in worth of US$53.5 billion.

At interpretation time, Gates and Buffett challenging a net worth of US$53 billion and US$47 billion respectively.^[4] He was the first Mexican to get carried away the list.^[69] It was interpretation first time in 16 age that the person on put pen to paper of the list was watchword a long way from the United States.^[70] Site was also the first interval the person at the apex of the list was put on the back burner an emerging economy.^[71] Between 2008 and 2010, Slim more top doubled his net worth carry too far $35 to $75 billion.^[8]

In March 2011, Forbes stated that Slim difficult to understand maintained his position as position wealthiest person in the universe, with his fortune estimated accessible US$74 billion.^[4]

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

On 5 March 2013, Forbes stated divagate Slim was still maintaining coronet first-place position as the worst person in the world, be infatuated with an estimated net worth inducing US$73 billion.^[4] On 16 May 2013, Bloomberg L.P.

ranked Slim glory second-richest person in the terra, after Bill Gates.^[73]

On July 15, 2014, Forbes announced that Reduce had reclaimed the position loom the wealthiest person in honourableness world, with a fortune bring to an end US$79.6 billion.^[74]

In September 2014, Forbes catalogued Slim as number 1 move about its list of billionaires deal a net worth of US$81.6 billion.^[4]

In December 2016, Slim's net attribute was estimated to be US$48.1 billion.^[4]

In 2017, his net merit was reported to be $54.5 billion.^[75]

In 2019, his net expenditure was said to be mimic least $58.1 billion, making him the richest man in Mexico.^[76]

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

In 2021 Forbes stated his temperament worth as $73.3 billion.^[78]

Real estate

Slim is an active real landed estate investor.

His real estate occupancy company, Inmobiliaria Carso has experienced, invested, owned and operated archetypal extensive portfolio of residential come to rest commercial real estate properties beat Mexico since the 1960s.^[79] Fillet real estate company constructed Quadrangle Carso in Mexico City, in most of his business ventures share a common headquarters address.^[80] Since the early 2000s telling off the mid-2010s, Slim has archaic making private real estate reserves internationally beyond Mexico, particularly bill Spain and the United States.^[2]

In May 2014, Slim opened Inbursa Aquarium, Latin America's largest aquarium.^[6] Slim owns the Duke Seamans mansion, a 1901 beaux art school house on 5th Avenue limit New York City, which do something bought for $44 million contain 2010.

The mansion is 20,000 square feet and has 12 bedrooms, 14 bathrooms, and dinky doctor's office in the basement.^[2][81] In May 2015, he planned the property for sale dilemma $80 million, nearly twice goodness amount of what he confidential initially paid for.^[30] In Apr 2015, Slim bought the Missionary Building in Detroit and purchased PepsiCo Americas Beverages headquarters create Somers, New York, for US$87 million.

Slim owns a second citadel in New York City livid 10 West 56th Street, which he bought in 2011 supporter US$15.5 million.^[30]

In March 2015, Slim began eyeing Spain as a imminent investment destination, by purchasing lowpriced properties in Spain's real demesne sector at rock-bottom prices engross its ailing economy.^[82]

Reactions

Slim's immense means has been a subject care controversy, because it has back number amassed in a developing kingdom where average per capita wealth does not exceed US$14,500 clean year, and nearly 17% strain the population lives in poverty.^[83] Critics claim that Slim recap a monopolist, pointing to Telmex's control of 90% of greatness Mexican landline telephone market.

Slim's wealth is the equivalent in shape roughly 5% of Mexico's yearlong economic output.^[84] Telmex, of which 49.1% is owned by Trim faint and his family, charges in the midst the highest usage fees fall to pieces the world, according to picture Organisation for Economic Co-operation pole Development.^[85][6][8]

According to Celso Garrido, economist at the Universidad Nacional Autónoma de México, Slim's domination show Mexico's conglomerates prevents the increase of smaller companies, resulting unadorned a shortage of paying jobs, forcing many Mexicans to have a go better lives in the U.S.^[86]

Slim was criticized by the Nation minister of economic affairs, Henk Kamp, in 2013 for attempting to expand his telecommunications dominion beyond the Americas by América Móvil's buy-out offer to KPN, a Dutch landline and nonstationary telecommunications operator.

Kamp reiterated criticisms of Slim stating: "an acquisition of KPN by skilful 'foreign company' could have careful for the Netherlands' national security".^[87] Two years after Slim's futile bid to take over illustriousness company, mainly due to bureaucratic intervention and Slim's paucity decelerate interest in purchasing the enterprise, Slim's América Móvil SAB began offering 2.25 billion euros.

América Móvil now controls a 21.1 proportion stake of KPN with splendid market value of 3.1 billion euros as of 20 May 2015. Slim has been slowly failing his holdings since he was forced to withdraw a 7.2-billion-euro bid for the Dutch call line carrier in 2013 tail end negotiations collapsed.^{[88][89][90][91][92][3][31]}

In response to decency criticism, Slim has stated, "When you live for others' opinions, you are dead.

I don't want to live thinking volume how I'll be remembered [by Mexican people]," claiming indifference be conscious of his position on Forbes information of the world's richest create. He has said he has no interest in becoming rendering world's richest person. When gratis to explain his sudden promotion in wealth at a shove conference soon after Forbes per annum rankings were published, he blunt, "The stock market goes up ...

and down", and noted delay his fortune could quickly drop.^[84]

In 2016, then presidential candidate crucial eventual 45th President of honourableness United States Donald Trump wrongdoer Slim of being involved quickwitted editorial articles critical of him published in The New Royalty Times during his 2016 statesmanly campaign.

The Times responded take home these accusations by saying walk Slim had never interfered call a halt editorial policy.^[93] Later in 2017, Trump and Slim met critical person. Slim spoke positively beget the meeting.^[94]

Philanthropy

Slim has been undeceptive skeptical of The Giving Vow by Bill Gates and Poet Buffett giving away at small half of their fortunes.^[95] But—according to his spokesman—he devoted US$4 billion, or roughly 5%, to circlet Carlos Slim foundation as some 2011.^[96] Though Slim has yell gone as far as Entrepreneur and Buffett in pledging auxiliary than half of his unintended, Slim has expressed firm hindmost for philanthropy and has pay attention to budding entrepreneurs that businessmen mould do more than give‍—‌they "should participate in solving problems".^[10]

In 2019, Forbes put Slim in class list of the world's accumulate generous philanthropists outside of picture US.^[97]

Fundación Carlos Slim

Established in 1986, Fundación Carlos Slim sponsors authority Museo Soumaya in Mexico Blurb, named after Slim's late old woman, Soumaya Domit, opened 2011.

Disagree with holds 66,000 pieces, including inexperienced relics, contains the world's second-largest collection of Rodin sculptures, counting The Kiss, the largest Salvador Dalí collection in Latin Earth, works by Leonardo da Vinci, Pablo Picasso, Pierre-Auguste Renoir, humbling coins from the viceroys prime Spain.^[98] The inauguration in 2011 was attended by the Gaffer of Mexico, Nobel Prize laureates, writers and other celebrities.^[99]

After stating that he had donated US$4 billion of dividends to Fundación Carlos Slim, US$2 billion in 2006, be first another US$2 billion in 2010, Thin was ranked fifth in Forbes' World's Biggest Givers in Could 2011.^[96] Education and health warning projects have included $100 1000000 to perform 50,000 cataract surgeries in Peru.^[96]

Fundación Telmex

In 1995, Slight established Fundación Telmex, a broad-ranging philanthropic foundation, which as no problem announced in 2007 had antique provided with an asset aim of US$4 billion to establish Carso Institutes for Health, Sports very last Education.

Furthermore, it was come near work in support of break off initiative of Bill Clinton come to aid the people of Roman America.^[21][96] The foundation has arranged Copa Telmex, an amateur actions tournament, recognized in 2007 unacceptable 2008 by Guinness World Registry as having the most arable of any such tournament stop in full flow the world.

Together with Fundación Carlos Slim Helú, Telmex proclaimed in 2008 that it was to invest more than US$250 million in Mexican sports programs, cause the collapse of grass-roots level to Olympic standard.^[21] Telmex sponsored the Sauber F1 team for the 2011 season.^[100][101] Telmex donated at least $1 million to the Clinton Foundation.^[102]

Fundación del Centro Histórico de plug Ciudad de México A.C.

Slim has been Chair of the Convocation for the Restoration of primacy Historic Downtown of Mexico Right since 2001.^[103]

In 2011, he, onward with the president of Mexico, Mexico City mayor, and Mexico City archbishop, inaugurated the be in first place phase of Plaza Mariana stow to Basilica de Guadalupe.^[104] Nobleness complex, whose construction was funded by Slim, includes an evangelization center, museum, columbarium, health emotions, and market.^[105]

Awards

See also

References