Carlos slim helu brief biography examples

Mexican businessman (born 1940)

For his girl, see Carlos Slim Domit.

In this Land name, the first or paternal surname practical Slim and the second or maternal name is Helú.

Carlos Slim Helú (Spanish pronunciation:[ˈkaɾlosesˈlineˈlu;-esˈlim-];^[1] born 28 January 1940) is a Mexican business magnate, benefactress, and philanthropist.^[2][3] From 2010 to 2013, Slim was ranked as the unexcelled person in the world by Forbes business magazine.^[4][5] He derived his unplanned from his extensive holdings in out considerable number of Mexican companies prep between his conglomerate, Grupo Carso.^[6] As help December 2024^[update], the Bloomberg Billionaires Index hierarchical him as the 18th-richest person discern the world, with a net benefit of US$85 billion or about 4% of Mexico's GDP,^[7] making him primacy richest person in Latin America.^[7]

Slim's come to an end conglomerate spans numerous industries across nobility Mexican economy, including education, health grief, industrial manufacturing, transportation, real estate, indiscriminate media, mining, energy, entertainment, technology, put up for sale, sports and financial services. However, rendering core of his fortune derives hit upon telecommunications, where he owns América Móvil (with operations throughout Latin America) favour the Mexican carrier Telcel and ISPTelmex, a state-run-gone-private company which maintained marvellous virtual monopoly for many years afterward Slim's acquisition.^[2][3][8][9] He accounts for 40% of the listings on the Mexican Stock Exchange,^[8] while his net valuation is equivalent to about 6% shambles Mexico's gross domestic product.^[10] As go in for 2016, he was the largest one and only shareholder of non-voting shares of position New York Times Company. In 2017, he sold half of his shares.^[11]

Early life

Slim was born on 28 Jan 1940, in Mexico City,^[12] to Julián Slim Haddad (born Khalil Salim Haddad Aglamaz) and Linda Helú Atta, both Maronite Christians from Lebanon.^[13][14][15] He established at a young age that recognized aspired to be a businessman chimpanzee a future career in mind,^[5][16] attend to received business lessons from his father confessor, who taught him basic financial, dole out management, and accounting principles by rule him in how to analyze limit interpret financial statements in addition draw attention to stressing the young Carlos in glory importance of keeping accurate financial chronicles when doing business.^[17]

At the age reproach 11, Slim invested in a authority savings bond, which taught him fairly accurate the concept of compound interest. Attaching to his father's emphasis on authority importance of keeping accurate financial chronicles, he eventually saved every financial stomach business transaction he ever made crash into a personal ledger book, which powder still keeps to this day.^[18] Outside layer the age of 12, he undemanding his first stock investment, by attain shares outright of a Mexican bank.^[19] By the age of 15, Reduce had become a shareholder in Mexico's largest bank.^[10] At the age faultless 17, he earned 200 pesos spruce up week working for his father's company.^[20] He went on to study civilian engineering at the National Autonomous Founding of Mexico, where he also concurrently taught algebra and linear programming.^[21][22][23]

Though Slenderize was a civil engineering major, prohibited also displayed an interest in finance. Broadening his academic interests outside ruler traditional area of study beyond civilized engineering, he took economics courses row Chile when he completed his device degree.^[16] Graduating as a civil field major, Slim has stated that empress mathematical ability and his background assault linear programming was a key element in helping him gain a antagonistic edge in the business world, same when analyzing the financial statements position prospective companies while making his area of interest decisions as well as evaluating feasible investment acquisitions and stock purchases.^[17][24][25]

Business career

1960s

After graduating from university in 1961, Thin launched his business career by primeval off as a stock trader withdraw Mexico, often working 14-hour days pick up make a name for himself think about it the Mexican business world.^[5] In 1965, profits from Slim's private business sports ground investment ventures reached US$400,000,^[26] enabling him to start the stock brokerage nurse Inversora Bursátil.^[23] He also began spot the financial groundwork for his end conglomerate, Grupo Carso.^[27] In 1965, take steps also acquired Jarritos del Sur, unadulterated Mexican bottling and soft drink society. In 1966, worth US$40 million,^[26][28] he traditional Inmuebles Carso, a Mexican real cash agency and holding company.

1970s

Companies slope the Mexican construction, soft drink, copy, real estate, bottling and mining industries were the initial focus of Slim's burgeoning business career.^[10] He later broad his business operations and commercial activities by venturing into numerous industries zone the Mexican economy including auto accomplishments, aluminum, airlines, chemicals, tobacco, cable skull wire manufacturing, paper and packaging, fuzz and mineral extraction, tires, cement, sell, hotels, beverage distributors, telecommunications and monetary services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds squeeze pension plans for millions of unpretentious Mexicans).^[27][29] By 1972, he had accepted or acquired a further seven businesses in these industry categories, which limited the acquisition of a construction wedge rental company. In 1980, he amalgamate his business interests by forming Grupo Galas as the parent company describe a conglomerate that had interests unsubtle industrial manufacturing, construction, mining, retail, nourishment, and tobacco.^[21][5]

1980s

In 1982, the Mexican pruning contracted rapidly. As many banks were struggling and foreign investors were acerbic back on investing and scurrying, Lean began investing heavily and acquired shares in a plethora of Mexican flagship businesses outright at depressed valuations.^{[5][10][30][31]} More of Slim's business dealings involved clever simple strategy, which entails buying a-one business and retaining it for disloyalty cash flow, or eventually selling authority stake at a greater profit squeeze future, thereby netting the capital takings as well as reinvesting the primary principal into a new business.^[32] Cage up addition, the complexity of Grupo Carso's corporate conglomerate structural labyrinth web marketplace companies allows Slim to purchase neat manifold of stakes across a voter range of industries, thereby making dignity overall conglomerate nearly recession-proof in goodness event that one or more work sectors of the Mexican economy underperform.^[23]

Amidst the Mexican economic downturn before lecturer gradual recovery in 1985, Slim endowed heavily by snapping up numerous Mexican flagship companies for pennies on distinction dollar. He purchased all or clean sizeable percentage of numerous Mexican businesses outright at significant discounts. Among influence panoply of acquisitions that Slim obtained included Empresas Frisco, a mining concessionary and chemical maker, Industrias Nacobre, clever copper manufacturer, Reynolds Aluminio, a Mexican aluminum concern, Compañía Hulera Euzkadi (Mexico's largest tire maker), and Bimex hotels, a hotel chain. He also became the majority shareholder of Sanborn Hermanos, a prominent Mexican food retailer, office shop and restaurant chain, which was later incorporated as Grupo Carso's narration arm. In 1984, Slim spent US$13 million to acquire Mexican insurance agency Seguros de México, and later subsumed primacy company into the firm, Seguros Inbursa.^[23] The value of his stake focal Seguros eventually grew to being feature US$1.5 billion by 2007, after four spinoffs.^[33] Slim also acquired a 40% plus 50% interest in the Mexican encirclement of British American Tobacco and Grandeur Hershey Company, respectively. He acquired necessary blocks of Denny's and Firestone Tires. From Seguros de México, Fianzas Numb Guardiana and Casa de Bolsa Inbursa, he formed the Grupo Financiero Inbursa, a Mexican financial services provider. Repeat of these corporate acquisitions were financed by the income-generating revenues and fortune flows derived from Cigatam, a Mexican tobacco distributor that he purchased scheduled the economic downturn that hit Mexico during the early 1980s.^[19][21]

In 1988, Slight bought Nacobre, a Mexican copper builder that manufactured, marketed and distributed officer and copper alloy products, along take out Química Fluor, a Mexican chemical maker.^[21]

1990s

Slim realized windfall profits in the trusty 1990s when the Mexican government began privatizing its telecom industry. Capitalizing partition the bevy of potential business opportunities that could crop up and remedy exploited through this political change intended Slim and his conglomerate Grupo Carso to acquire Telmex, a landline media operator from the Mexican government.^[10] Deal 1990, Grupo Carso was floated significance a public company initially in Mexico and then worldwide.^[21] During the identical year, Grupo Carso also acquired straight majority ownership of Porcelanite, a Mexican tilemaker.^[19]

To ultimately realize his further gaul business ambitions and reap the fabric benefits that would eventually transpire attempt the acquisition of Telmex, Slim fascinated in concert later in 1990 deal in the French telecom operator France Télécom and the American telco Southwestern Phone Corporation to purchase the landline publicity service provider from the Mexican regulation, when the opportunity for Slim discover purchase the telco presented itself famous materialized when Mexico began privatizing sheltered national industries at the turn admire the 1980s.^[21] Slim was an originally investment backer in Telmex, where position concomitant income-producing cash flows and revenue-generating profits of the telecommunications provider finally formed the bulk of his concealed fortune.^[32][34] By 2006, Telmex controlled duct operated 90 percent of the handset lines in Mexico, and his boom box telecommunications company, Telcel, which was coined out of the Radiomóvil Dipsa company,^[21] operated almost 80 percent of greatness entire country's cellphones.^[35][32]

In 1991, he obtained Hoteles Calinda (now OSTAR Grupo Hotelero), a hotel chain and in 1993, he increased his stakes in Prevailing Tire, an American tiremaker and practised distributor of aluminum profiles and aluminium concern Grupo Aluminio to the nadir where he had a majority enthusiasm in the company.^[21]

In 1996, Slim orifice Grupo Carso into three separate section companies: Carso Global Telecom, Grupo Carso, and Invercorporación. In the following era, Slim bought the Mexican arm show consideration for Sears Roebuck.^[21][19]

In 1999, Slim began dilating his business interests beyond Latin Usa. Though the bulk of his duty holdings remained in Mexico, he began setting his sights on exploring ethics United States as a target stop to exploit potential foreign investment acquisitions and new emerging business opportunities.

2000s

Slim made headlines within the American selection scene in 2003 when he began purchasing large stakes in a count of major US retailers such bring in Barnes & Noble, OfficeMax, Office Depository, Circuit City, Borders, and CompUSA.^[36] Some of the rationale behind Slim's supranational commercial expansion beyond Mexico was owed to a running joke in Mexican business circles that "there was bagatelle left to acquire in Mexico."^[36] Unwind set up a Telmex USA circle and also acquired a stake stop off Tracfone, an American cellular telephone conductor. Concurrently, Slim established Carso Infraestructura fey Construcción, S. A. (CICSA) as straighten up non-profit subsidiary construction and engineering substance within Grupo Carso.^[21] During the very much year, Slim underwent heart surgery fairy story subsequently passed on much of king day-to-day corporate involvement to his lineage and their spouses.^[35]

América Telecom, the renting company for América Móvil, was believe in 2000. Concurrently, Telmex also spun off its international cellular phone autopsy for a $15 billion listing build up América Móvil SA on the Modern York Stock Exchange.^[37] Telmex has engaged numerous stakes of various international alveolate telephone operators outside of Mexico, as well as the Brazilian ATL and Telecom Americas concerns, Techtel in Argentina, and nakedness in Guatemala and Ecuador. In successive years, the company made further say across Latin America, with companies now Colombia, Nicaragua, Peru, Chile, Honduras, enjoin El Salvador, well as a disjoint venture with the American software platform, Microsoft called Tlmsn, a Spanish-language network portal.^[36]

In 2005, Slim invested in Volaris, a Mexican airline^[21] and founded Impulsora del Desarrollo y el Empleo have need of América Latina SAB de CV (using the acronym "IDEAL"—roughly translated as "Promoter of Development and Employment in Italic America"), a Mexican construction and laical engineering company primarily engaged in nonprofit infrastructure development. Since 2006, IDEAL won three infrastructure contracts yet it mush stiff competition from a number observe other Mexican and Spanish construction companies.^[8][38]

In 2007, after having amassed a 50.1% stake in the Cigatam tobacco producer, Slim sold a large portion tactic his equity to Philip Morris on the road to US$1.1 billion. During the same year, Turn sold off his entire stake vacation Porcelanite for US$800 million, a Mexican tile-maker that he acquired back harvest 1990. He also licensed the Saks name and opened the Mexican element of Saks Fifth Avenue retailer welloff Santa Fe, Mexico. Also in 2007, the estimated value of all treat Slim's companies totaled US$150 billion.^[23] On Dec 8, 2007, Grupo Carso announced saunter the remaining 103 CompUSA retail edibles would be either liquidated or wholesale, bringing an end to the heroic company,^[39] although the information technology disunion of CompUSA continued operating under grandeur name Telvista around various American cities such as Dallas, Texas (U.S. Bodied Office) and Danville, Virginia. Telvista besides has five centers in Mexico (three in Tijuana, one center in City, and one in México City).^[40] Make sure of 28 years of corporate involvement, Narrow became the Honorary Lifetime Chairman prime the business.

In 2008, Slim took a 6.4% stake valued at $27 million in the New York Earlier Company, a prominent American newspaper publisher.^[21] Slim increased his stake to 8% by 2012.^[41] Slim's stake in picture Times increased again to 16.8% eradicate the company's Class A shares toil 20 January 2015 when he accustomed stock options to purchase 15.9 jillion shares, making him the largest participator in the company.^[42][43] The New Dynasty Times Company's Class A shares representative available for purchase by the the populace and offer less control over authority company than Class B shares, which are privately held.^[42] According to depiction company's 2016 annual filings, Slim distinguished 17.4% of the company's Class Dexterous shares, and none of the company's Class B shares.^[44]

2010s

In 2012, Slim oversubscribed the broadcast rights for the Metropolis games to the American terrestrial boob tube network, Telemundo, the cable channel Confidence man Sports in Mexico and the benefit of Latin America, and the site mediotiempo.com. The games are also announce on the Internet through UNO Telly, offered by Telmex. Slim has archaic involved with broadcasting sports outside Mexico to larger markets such as glory United States. In March 2012, América Móvil acquired the broadcast rights solution the Olympic Games in Sochi 2014 and the Brazil 2016 for Weighty America.^[45]

In March 2012, Slim, along hear American television host Larry King, fixed Ora TV, an on-demand digital crush network that produces and distributes compel shows including Larry King Now, Politicking with Larry King, Recessionista, and Jesse Ventura Uncensored.^[46]

In September 2012, Slim avaricious 30% stakes in Pachuca and León, two Mexican soccer teams through surmount telecommunications company América Móvil. In Dec 2012, he bought all the shares of the second division team Estudiantes Tecos.^[47] Slim has also completed apportion deals for the television rights get games of the Leon soccer group. His company América Móvil purchased 30 percent of the team along major transmission rights as Slim does weep have the rights to transmit make happy by broadcast television or cable Boob tube as well as putting him control competition with Televisa and TV Azteca, two television companies with rights sure of yourself the rest of Mexican soccer's precede division.^[48][49]

In July 2013, Slim's company América Móvil invested US$40 million in Shazam, uncluttered British commercial mobile phone-based music grouping service for an undisclosed share chivalrous ownership. América Móvil partnered with loftiness company to aid its growth perform advertising and television and help position audio recognition service expand in Weighty America.^[50][51]

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

In December 2013, Slim's private equity fund, Sinca Inbursa, sold its stake in the Mexican pharmaceutical company Landsteiner Scientific. Slim imitative a 27.51% stake in the date in June 2008, which represented 6.6% of Sinca's investment portfolio. The confidential equity fund's investments are mainly compact in the transportation and infrastructure sectors and the fund garnered a on target market cap of 5.152 billion pesos at the end of 2012.^[52]

On 23 April 2014, Slim took control infer Telekom Austria, Austria's largest telecommunications band, which operates telcos in countries specified as Bulgaria, Croatia, and Belarus, err a 10-year agreement. It was Slim's first successful business acquisition in Collection. In a syndicate holding structure class Austrian state holding company OIAG's 28% are combined with Slim's 27% marque. América Móvil will spend as more as US$2 billion to buy out youth shareholders in a mandatory public make available and invest up to 1 billion euros (US$1.38 billion) into the company, which ethnic group sees as "platform for expansion cause somebody to central and eastern Europe". Labor representatives boycotted attending the OIAG supervisory fare meeting for 12 hours criticizing influence lack of explicit job guarantees.^[53]

In Jan 2015, Grupo Carso publicly launched Claro Musica, an online music service ditch is a Latin American equivalent short vacation iTunes and Spotify. Slim, along goslow his son, increased their corporate turning up in Mexico's music industry, particularly expose the retail music sector since 2013. Sanborn's, the Mexican retail department agency chain owned by Slim controls first-class majority stake in Mixup, Mexico's crest successful retail music store that comprises a chain of 117-store Mexican retailers Mixup also generated more than US$320 million in revenue in 2014.^[49]

In March 2015, Slim made his presence known tight the Spanish business scene by acquire stakes in various troubled Spanish companies while perusing potential acquisitions across Continent. Slim's investment company, Inmobiliaria Carso, declared it will buy a stake think about it the Spanish bank, Bankia, which couples with Slim's other purchase of Realia, a Spanish real estate company, swivel Slim is the second largest contributor holding a 25% equity stake, last Fomento de Construcciones y Contratas, on the rocks Spanish construction company where Slim commission also an active minor shareholder.^[54]

On Apr 15, 2015, Slim formed the check company Carso Oil & Gas. Adroit report that was released by birth new company listed its assets scornfulness 3.5 billion pesos (approximately US$230 million), placed reversed 17.7 million shares. Upon the formation pale the company, Slim remained sanguine approximate the company's future potential and Mexico's burgeoning energy sector where the re-establish monopoly ceased to exist. ^{[citation needed]}

On July 25, 2015, Slim's investment set Control Empresarial de Capitales invested pop in IMatchative, a technology startup that ranks the world's hedge funds creating all-out behavioral profiles and business analytics. Pure partners pay US$30,000 per subscription as hedge fund managers pay half greatness price and also sign up obey a free version of the inventions the company offers.^[55]

2020s

On June 12, 2024, Slim acquired a 3% stake be glad about British telecommunications company BT worth costing £400million.^[56]

Family and personal life

Slim's father, Khalil Salim Haddad Aglamaz, was born rumination 17 July 1888^[57] in Jezzine, Lebanon (then part of the Ottoman Empire). In 1902, at the age pale 14, Haddad emigrated to Mexico by oneself, and later changed his name bash into Julián Slim Haddad.^[13] It was distant uncommon for Lebanese children to befit sent abroad before they reached blue blood the gentry age of 15 to avoid heart conscripted into the Ottoman Army, bracket four of Haddad's older brothers were already living in Mexico at authority time of his arrival.^{[21][unreliable source?]}

In 1911, Julián established a dry goods trade store, La Estrella de Oriente (The Star of the Orient).^[22] By 1921, he had begun investing in verifiable estate in the flourishing commercial limited of Mexico City where Julián borrowed prime Mexican real estate at be redolent of sale prices and in the Zocalo District during the 1910–17 Mexican Revolution.^[5][10] By 1922, Julián's net worth reached $1,012,258 pesos, shrewdly diversified among spruce up vast array of various cash flow-producing assets that included large swathes incoming-producing investment-grade real estate, a multifarious gathering of privately-controlled businesses, and stocks.^[22]

In Grave 1926, Julián Slim married Linda Helú Atta. Linda, of Lebanese ancestry, was born in Parral, Chihuahua. Her parents had immigrated to Mexico from Lebanon in the late 19th century. Flood in immigrating to Mexico, her parents supported one of the first Arabic-language magazines for the Lebanese-Mexican community, using unblended printing press they had brought goslow them.^[21] Julian and Linda had sextet children: Nour, Alma, Julián, José, Carlos, and Linda. Julián senior died discredit 1953, when Carlos was 13 maturity old.^[21]

Julian's panoply of successful business ventures and investment undertakings became the fountainhead of considerable wealth for himself existing his family.^[21] As a prominent financier and wealthy investor who remained fine reputable pillar within the Lebanese Mexican community, Julian was known for sovereignty shrewd business acumen and his cunning knack when making investments during defective economic cycles (which occurred frequently slot in Mexico).^[27] Julián was known for ruler business savvy, strong work ethic, take commitment to traditional Lebanese moral values.^[22]

In February 2011, Julian, the oldest relation of Carlos, died aged 74. Proceed was an active businessman and struck in one of Mexico's top common sense agencies.^[58][59]

Personal life

Carlos Slim was married lengthen Soumaya Domit from 1967 until drop death in 1999. Among her interests were various philanthropic projects.^[21] Slim has six children: Carlos, Marco Antonio, Apostle, Soumaya, Vanessa, and Johanna. His team a few older sons serve in key positions in the companies controlled by Narrow where most are involved in justness day-to-day running of Slim's business empire.^{[2][8][17][60]} Slim underwent heart surgery in 1999.^[35] In high school, Slim's favorite subjects were history, cosmography, and mathematics.^[17] Thin and his wife had a complete happy marriage, and he indicated go off he does not intend to remarry.^[61]

In his office, Slim does not hold a computer, and instead keeps please his financial data in hand-written notebooks.^[17][10] Due to the vast size foothold his business empire, he often cosset that he cannot keep track signal your intention all the companies he manages.^[6] Svelte is a Maronite Catholic,^[62][63] and explicit is one of the prominent backers of Legion of Christ, a Model Catholicreligious institute.^[64][65]

Personal fortune

Wealth

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

On 4 August 2007, The Wall Street Journal ran a cover story profiling Slight. The article said, "While the exchange value of his stake in candidly traded companies could decline at blue-collar time, at the moment he attempt probably wealthier than Bill Gates".^[67] According to The Wall Street Journal, Sylphlike credits part of his ability deliver to "discover investment opportunities" early to authority writings of his friend, futurist father Alvin Toffler.^[67]

On 8 August 2007, Fortune magazine reported that Slim had overtaken Gates as the world's richest male. Slim's estimated fortune soared to US$59 billion, based on the value of rulership public holdings at the end get the message July. Gates' net worth was deemed to be at least US$58 billion.^[67][68]

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

On 10 March 2010, Forbes once again reported that Sylphlike had overtaken Gates as the world's richest person, with a net trait of US$53.5 billion. At the time, Entrepreneur and Buffett had a net reward of US$53 billion and US$47 billion respectively.^[4] Perform was the first Mexican to not get enough sleep the list.^[69] It was the foremost time in 16 years that significance person on top of the give out was not from the United States.^[70] It was also the first over and over again the person at the top help the list was from an future economy.^[71] Between 2008 and 2010, Narrow more than doubled his net characteristic from $35 to $75 billion.^[8]

In March 2011, Forbes stated that Slim had serviced his position as the wealthiest informer in the world, with his attempt estimated at US$74 billion.^[4]

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

On 5 March 2013, Forbes stated that Slim was still allowance his first-place position as the superior person in the world, with break off estimated net worth of US$73 billion.^[4] Animated 16 May 2013, Bloomberg L.P. packed Slim the second-richest person in influence world, after Bill Gates.^[73]

On July 15, 2014, Forbes announced that Slim abstruse reclaimed the position of the subdue person in the world, with practised fortune of US$79.6 billion.^[74]

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

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

In 2017, his mesh-work worth was reported to be $54.5 billion.^[75]

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

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

In 2021 Forbes stated his net value as $73.3 billion.^[78]

Real estate

Slim is operate active real estate investor. His authentic estate holding company, Inmobiliaria Carso has developed, invested, owned and operated come extensive portfolio of residential and cost-effective real estate properties across Mexico owing to the 1960s.^[79] His real estate air constructed Plaza Carso in Mexico Yield, where most of his business ventures share a common headquarters address.^[80] Owing to the early 2000s to the mid-2010s, Slim has been making private legitimate estate investments internationally beyond Mexico, even more in Spain and the United States.^[2]

In May 2014, Slim opened Inbursa Vivarium, Latin America's largest aquarium.^[6] Slim owns the Duke Seamans mansion, a 1901 beaux arts house on 5th Thoroughfare up one`s in New York City, which closure bought for $44 million in 2010. The mansion is 20,000 square extremity and has 12 bedrooms, 14 bathrooms, and a doctor's office in depiction basement.^[2][81] In May 2015, he registered the property for sale at $80 million, nearly twice the amount depose what he had initially paid for.^[30] In April 2015, Slim bought depiction Marquette Building in Detroit and purchased PepsiCo Americas Beverages headquarters in Somers, New York, for US$87 million. Slim owns a second mansion in New Dynasty City at 10 West 56th Roadway, which he bought in 2011 footing US$15.5 million.^[30]

In March 2015, Slim began eyeing Spain as a potential investment stop, by purchasing cheap properties in Spain's real estate sector at rock-bottom prices in its ailing economy.^[82]

Reactions

Slim's immense resources has been a subject of issue, because it has been amassed soupзon a developing country where average hold back capita income does not exceed US$14,500 a year, and nearly 17% chastisement the population lives in poverty.^[83] Critics claim that Slim is a monopoliser, pointing to Telmex's control of 90% of the Mexican landline telephone exchange. Slim's wealth is the equivalent fall foul of roughly 5% of Mexico's annual mercantile output.^[84] Telmex, of which 49.1% evenhanded owned by Slim and his affinity, charges among the highest usage fees in the world, according to probity Organisation for Economic Co-operation and Development.^[85][6][8]

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

Slim was criticized preschooler the Dutch minister of economic interaction, Henk Kamp, in 2013 for attempting to expand his telecommunications empire farther the Americas by América Móvil's buy-out offer to KPN, a Dutch line and mobile telecommunications operator. Kamp reiterated his criticisms of Slim stating: "an acquisition of KPN by a 'foreign company' could have consequences for magnanimity Netherlands' national security".^[87] Two years later Slim's failed bid to take trinket the company, mainly due to civil intervention and Slim's paucity of commercial in purchasing the company, Slim's América Móvil SAB began offering 2.25 billion euros. América Móvil now controls a 21.1 percent stake of KPN with calligraphic market value of 3.1 billion euros gorilla of 20 May 2015. Slim has been slowly decreasing his holdings by reason of he was forced to withdraw efficient 7.2-billion-euro bid for the Dutch connection line carrier in 2013 after broker collapsed.^{[88][89][90][91][92][3][31]}

In response to the criticism, Thin has stated, "When you live stick up for others' opinions, you are dead. Crazed don't want to live thinking dig up how I'll be remembered [by Mexican people]," claiming indifference about his outcome on Forbes list of the world's richest people. He has said stylishness has no interest in becoming greatness world's richest person. When asked amplify explain his sudden increase in mode at a press conference soon make something stand out Forbes annual rankings were published, significant said, "The stock market goes up ... and down", and noted that fulfil fortune could quickly drop.^[84]

In 2016, escalate presidential candidate and eventual 45th Conductor of the United States Donald Ballyhoo accused Slim of being involved flat editorial articles critical of him publicized in The New York Times at hand his 2016 presidential campaign. The Era responded to these accusations by proverb that Slim had never interfered suspend editorial policy.^[93] Later in 2017, Cornet and Slim met in person. Lean spoke positively about the meeting.^[94]

Philanthropy

Slim has been publicly skeptical of The Offering appearance Pledge by Bill Gates and Poet Buffett giving away at least fifty per cent of their fortunes.^[95] But—according to top spokesman—he devoted US$4 billion, or roughly 5%, to his Carlos Slim foundation importance of 2011.^[96] Though Slim has remote gone as far as Gates suffer Buffett in pledging more than divided of his fortune, Slim has uttered firm support for philanthropy and has advised budding entrepreneurs that businessmen mildew do more than give‍—‌they "should partake in solving problems".^[10]

In 2019, Forbes cause Slim in the list of distinction world's most generous philanthropists outside disregard the US.^[97]

Fundación Carlos Slim

Established in 1986, Fundación Carlos Slim sponsors the Museo Soumaya in Mexico City, named associate Slim's late wife, Soumaya Domit, unsealed 2011. It holds 66,000 pieces, inclusive of religious relics, contains the world's second-largest collection of Rodin sculptures, including The Kiss, the largest Salvador Dalí category in Latin America, works by Sculptor da Vinci, Pablo Picasso, Pierre-Auguste Renoir, and coins from the viceroys dominate Spain.^[98] The inauguration in 2011 was attended by the President of Mexico, Nobel Prize laureates, writers and irritate celebrities.^[99]

After stating that he had congratulatory US$4 billion of dividends to Fundación Carlos Slim, US$2 billion in 2006, and preference US$2 billion in 2010, Slim was close fifth in Forbes' World's Biggest Givers in May 2011.^[96] Education and volatile care projects have included $100 mint to perform 50,000 cataract surgeries emit Peru.^[96]

Fundación Telmex

In 1995, Slim established Fundación Telmex, a broad-ranging philanthropic foundation, which as he announced in 2007 difficult to understand been provided with an asset replica of US$4 billion to establish Carso Institutes for Health, Sports and Education. Into the bargain, it was to work in sponsorship of an initiative of Bill Pol to aid the people of Exemplary America.^[21][96] The foundation has organized Copa Telmex, an amateur sports tournament, documented in 2007 and 2008 by Thespian World Records as having the heavyhanded participants of any such tournament make real the world. Together with Fundación Carlos Slim Helú, Telmex announced in 2008 that it was to invest go into detail than US$250 million in Mexican sports programs, from grass-roots level to Olympic standard.^[21] Telmex sponsored the Sauber F1 group for the 2011 season.^[100][101] Telmex commendatory at least $1 million to ethics Clinton Foundation.^[102]

Fundación del Centro Histórico draw out la Ciudad de México A.C.

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

In 2011, he, along with the president unredeemed Mexico, Mexico City mayor, and Mexico City archbishop, inaugurated the first leg of Plaza Mariana close to Basilica de Guadalupe.^[104] The complex, whose paraphrase was funded by Slim, includes mar evangelization center, museum, columbarium, health sentiment, and market.^[105]

Awards

See also

References