59 Facts About Carlos Slim

Carlos Slim Helu is a Mexican business magnate, investor, and philanthropist.

From 2010 to 2013, Slim was ranked as the richest person in the world by the Forbes business magazine.

Carlos Slim derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso.

Carlos Slim decided at a young age that he wanted to be a businessman, and received business lessons from his father, who taught him finance, management and accounting, teaching him how to analyze, interpret, and read financial statements as well as the importance of keeping accurate financial records.

At the age of 11, Carlos Slim invested in a government savings bond, which taught him about the concept of compound interest.

Carlos Slim eventually saved every financial and business transaction he made into a personal ledger book, which he still keeps.

Carlos Slim went on to study civil engineering at the National Autonomous University of Mexico, where he concurrently taught algebra and linear programming.

Carlos Slim took economics courses in Chile when he completed his engineering degree.

Carlos Slim began laying the financial groundwork for his eventual conglomerate, Grupo Carso.

Amidst the Mexican economic downturn before its recovery in 1985, Carlos Slim invested heavily by snapping up numerous Mexican flagship companies for pennies on the dollar.

Carlos Slim purchased all or a sizeable percentage of numerous Mexican businesses at significant discounts, including Empresas Frisco, a mining concessionary and chemical maker, Industrias Nacobre, a copper manufacturer, Reynolds Aluminio, a Mexican aluminum concern, Compania Hulera Euzkadi, and Bimex hotels, a hotel chain.

Carlos Slim became the majority shareholder of Sanborn Hermanos, a prominent Mexican food retailer, gift shop and restaurant chain.

Carlos Slim spent million to acquire the Mexican insurance agency Seguros de Mexico in 1984, and later subsumed the company into the firm, Seguros Inbursa.

Carlos Slim acquired large blocks of Denny's and Firestone Tires.

In 1988, Carlos Slim bought Nacobre, a copper manufacturing company that manufactures, markets and distributes copper and copper alloy products, along with a chemical company, Quimica Fluor.

Carlos Slim earned windfall profits in the early 1990s when Mexican government began privatizing its telecom industry.

Later in 1990, Carlos Slim acted in concert with France Telecom and Southwestern Bell Corporation to purchase the landline telecommunications operator Telmex from the Mexican government, when Mexico began privatizing its national industries.

Carlos Slim was an early investment backer in Telmex, as the cash flows and revenues of the company eventually formed the bulk of his private fortune.

In 1999, Carlos Slim began expanding his business interests beyond Latin America.

Concurrently, Slim established Carso Infraestructura y Construccion, S A as a non-profit construction and engineering firm within Grupo Carso.

In 2005 Carlos Slim invested in Volaris, a Mexican airline and established Impulsora del Desarrollo y el Empleo en America Latina SAB de CV, a Mexican construction and civil engineering company primarily engaged in not-for-profit infrastructure development.

Carlos Slim licensed the Saks name and opened the Mexican arm of Saks Fifth Avenue retailer in Santa Fe, Mexico.

Also in 2007, the estimated value of all of Carlos Slim's companies totaled US$150billion.

In 2012, Carlos Slim sold the broadcast rights for the Leon games to the American terrestrial television network, Telemundo, the cable channel Fox Sports in Mexico and the rest of Latin America, and the website mediotiempo.

Carlos Slim has been involved with broadcasting sports outside Mexico to larger markets such as the United States.

Carlos Slim has completed business deals for the television rights to games of the Leon soccer team.

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

On 23 April 2014, Carlos Slim took control of Telekom Austria, Austria's largest telecommunications company, which operates telcos in countries such as Bulgaria, Croatia, and Belarus, under a 10-year agreement.

In March 2015, Carlos Slim made his presence known in the Spanish business scene by buying stakes in various troubled Spanish companies while perusing potential acquisitions across Europe.

Carlos Slim's father, Khalil Salim Haddad Aglamaz, was born on 17 July 1888 in Jezzine, Lebanon.

Carlos Slim's parents had immigrated to Mexico from Lebanon in the late 19th century.

Julian senior died in 1953, when Carlos Slim was 13 years old.

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

Carlos Slim was an active businessman and worked in one of Mexico's top intelligence agencies.

Carlos Slim was married to Soumaya Domit from 1967 until her death in 1999.

Carlos Slim is a Maronite Catholic, and he is one of the prominent backers of Legion of Christ, a Roman Catholic religious institute.

On 25 January 2021, it was reported that Carlos Slim had contracted COVID-19.

On 29 March 2007, Carlos Slim surpassed American investor Warren Buffett as the world's second richest person with an estimated net worth of billion compared with Buffett's billion.

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

On 10 March 2010, Forbes reported that Carlos Slim had overtaken Gates as the world's richest person, with a net worth of billion.

In March 2011, Forbes stated that Carlos Slim had maintained his position as the wealthiest person in the world, with his fortune estimated at billion.

In December 2012, according to the Bloomberg Billionaires Index, Carlos Slim Helu remained the world's richest person with an estimated net worth of billion.

On 5 March 2013, Forbes stated that Carlos Slim was still maintaining his first-place position as the wealthiest person in the world, with an estimated net worth of billion.

On July 15 2014, Forbes announced that Carlos Slim had reclaimed the position of the wealthiest person in the world, with a fortune of billion.

Since the early 2000s to the mid-2010s, Carlos Slim has been making private real estate investments internationally beyond Mexico, particularly in Spain and the United States.

In May 2014, Carlos Slim opened Inbursa Aquarium, Latin America's largest aquarium.

Carlos Slim owns the Duke Seamans mansion, a 1901 beaux arts house on 5th Avenue in New York City, which he bought for $44 million in 2010.

Carlos Slim owns a second mansion in New York City at 10 West 56th Street, which he bought in 2011 for million.

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

Carlos Slim was criticized by the Dutch minister of economic affairs, Henk Kamp, in 2013 for attempting to expand his telecommunications empire beyond the Americas by America Movil's buy-out offer to KPN, a Dutch landline and mobile telecommunications operator.

Kamp reiterated his criticisms of Carlos Slim stating: "an acquisition of KPN by a 'foreign company' could have consequences for the Netherlands' national security".

Carlos Slim has been slowly decreasing his holdings since he was forced to withdraw a 7.2-billion-euro bid for the Dutch phone line carrier in 2013 after negotiations collapsed.

Carlos Slim has said he has no interest in becoming the world's richest person.

In 2016, then Presidential candidate and eventual 45th President of the United States Donald Trump accused Carlos Slim of being involved in editorial articles critical of him published in The New York Times during his 2016 Presidential campaign.

The Times responded to these accusations by saying that Carlos Slim had never interfered in editorial policy.

Carlos Slim has been publicly skeptical of The Giving Pledge by Bill Gates and Warren Buffett giving away at least half of their fortunes.

In 1995, Carlos Slim established Fundacion Telmex, a broad-ranging philanthropic foundation, which as he announced in 2007 had been provided with an asset base of billion to establish Carso Institutes for Health, Sports and Education.

Carlos Slim has been Chair of the Council for the Restoration of the Historic Downtown of Mexico City since 2001.

The complex, whose construction was funded by Carlos Slim, includes an evangelization center, museum, columbarium, health center, and market.