Log out. US Markets Loading H M S In the news. Executive Lifestyle. Katie Warren. The year-old Mexican billionaire controls America Movil, the largest mobile-phone operator in Latin America, and holds stakes in several other publicly traded companies, including The New York Times.
Slim also owns Sears Mexico, which has been growing and opening up new stores despite the chain filing for bankruptcy in the US. Slim lives a surprisingly frugal lifestyle for a billionaire: He doesn't own any yachts or planes and he's lived in the same house for more than 40 years. Visit Business Insider's homepage for more stories. In , Slim ranked as the fifth-richest person in the world, but his fortune has taken a major hit over the past few years. He also has holdings in banking and mining, as well as interests in the construction industry in Mexico.
Slim was born to Lebanese immigrant parents in Mexico City in Slim's father was successful in both retail and real estate, and Carlos inherited his business after his death in Slim holds a deep love for his country.
Though Slim is known best as the chief shareholder of America Movil and the founder of the Grupo Carso conglomerate, his riches also result from many other business ventures. Slim has a clear strategy for making money: He acquires struggling companies and transforms them into multibillion-dollar holdings before selling his stake at a profit.
But Slim announced in that he would sell almost half his New York Times shares by In , Slim surpassed Bill Gates as the richest man in the world; it was the first time in 16 years that the world's richest man wasn't from the US. Slim's presence is all over Mexico. Slim even owns Mexico City's only aquarium. The Mexican billionaire also owns Sears Mexico. In Minera FRISCO and Empresas Nacobre were acquired, as well as their affiliates, and control of the Euzkadi tire company, the market leader at the time, was also acquired, as was a majority stake in General Tire some years later.
Over the course of 22 years, TELMEX has developed a world-class technological platform that has optimized its processes and strengthened the corporate culture. Since , it was a pioneer and global innovator of cellular prepayment systems. Slim continues to be active in business although his main effort and work is focused on education, health and employment in Mexico and Latin America, through the foundations he chairs and companies in infrastructure arena; his three sons, Carlos, Marco Antonio and Patrick Slim Domit, have taken over the reins of his businesses.
Slim has a passion for history, art and nature; he is also a great fan of baseball and has written several articles about the sport. On December 16th, , Engineer Carlos Slim Helu was nominated member of Research and Development Corporation Executive Board, a nonprofit research organization in the United States which offers assessment and solutions about commerce and politics, among other aspects, throughout the world.
At the time Eng. With high-impact social programs, focusing on the most vulnerable population, in , Carlos Slim Foundation has directly benefited more than By acquiring Jarritos del Sur and incorporating Inmobiliaria Carso, he begins to establish the basis of what later becomes Grupo Carso, whose name combines the first syllables of Carlos and Soumaya.
Carlos Slim's father. Carlos Slim was recognized at the 4th Edition of the Ibero-American Patron of the Arts Awards, organized by the Callia Foundation, for his social commitment to the arts. Madrid, Spain. September 8, Rome, Italy. The Appeal of Conscience Foundation granted Mr.
Carlos Slim the Appeal of Conscience Award. New York, USA. Mexico City, October 2, August 4, Mexico City. Carlos Slim Foundation receives the International Recognition Award for its contributions to improve global health March 10, Houston, Texas, U. February 27, Paris, France. January 22, Slim due to his philantropic and humanitarian endeavors.
October 7, New York City. Carlos Slim received the Starlite Humanitarian Award , in recognition of his philanthropic work, during the 5th edition of the Starlite Gala organized to support foundations and social organizations. August 9, Marbella, Spain. Mexico City, May 29, The International Telecommunications Union granted Mr.
Carlos Slim the World Telecommunication and Information Society Award , in recognition to his leadership and dedication in fostering ICT and broadband connectivity for sustainable development.
May 16, Geneva, Switzerland. May 28, March 20, Eisenhower Global Leadership Award. December 12, Popular Courses. Table of Contents Expand. Investments in Corporations. Real Estate. Planes and Automobiles.
Transfers to His Children. The Bottom Line. Slim's fortune includes traditional investments, real estate, planes, automobiles, and collectibles. Carlos Slim's real estate includes homes, shopping centers, and property in New York City. Article Sources. Investopedia requires writers to use primary sources to support their work.
These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Articles. Partner Links. He acquired more firms during this time and as the economy stabled his fortune grew enormously. He bought even more companies including some U. Slim did not let a single opportunity to expand pass by. He grabbed onto whatever he thought was profitable for him. In he shocked the business world by buying a 6.
According to Fortune magazine his personal wealth at the time was close to 60 billion dollars making him the wealthiest person on earth.
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