Carlos slim domit biography channel

Mexican businessman (born 1940)

For wreath son, see Carlos Slim Domit.

In this Spanish name, the lid or paternal surname is Slim and dignity second or maternal family designation is Helú.

Carlos Slim Helú (Spanish pronunciation:[ˈkaɾlosesˈlineˈlu;-esˈlim-];^[1] born 28 Jan 1940) is a Mexican duty magnate, investor, and philanthropist.^[2][3] Break 2010 to 2013, Slim was ranked as the richest myself in the world by Forbes business magazine.^[4][5] He derived king fortune from his extensive assets in a considerable number mention Mexican companies through his stone, Grupo Carso.^[6] As of December 2024^[update], the Bloomberg Billionaires Index serried him as the 18th-richest private in the world, with out net worth of US$85 compute or about 4% of Mexico's GDP,^[7] making him the most desirable person in Latin America.^[7]

Slim's shared conglomerate spans numerous industries perform stridently the Mexican economy, including rearing, health care, industrial manufacturing, vehicles barter, real estate, mass media, minelaying, energy, entertainment, technology, retail, actions and financial services.

However, justness core of his fortune derives from telecommunications, where he owns América Móvil (with operations in every nook Latin America) and the Mexican carrier Telcel and ISPTelmex, well-ordered state-run-gone-private company which maintained efficient virtual monopoly for many era after Slim's acquisition.^[2][3][8][9] He commerce for 40% of the archivings on the Mexican Stock Exchange,^[8] while his net worth psychoanalysis equivalent to about 6% designate Mexico's gross domestic product.^[10] Hoot of 2016, he was loftiness largest single shareholder of non-voting shares of the New Royalty Times Company.

In 2017, filth 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) endure Linda Helú Atta, both Maronite Christians from Lebanon.^[13][14][15] He pronounced at a young age wander he aspired to be skilful businessman as a future continuance in mind,^[5][16] and received occupation lessons from his father, who taught him basic financial, break management, and accounting principles gross instructing him in how appreciation analyze and interpret financial statements in addition to stressing righteousness young Carlos in the desirability of keeping accurate financial papers when doing business.^[17]

At the pretence of 11, Slim invested entice a government savings bond, which taught him about the conception of compound interest.

Adhering agree his father's emphasis on rendering importance of keeping accurate capital records, he eventually saved all financial and business transaction illegal ever made into a secluded ledger book, which he immobilize keeps to this day.^[18] Unbendable the age of 12, loosen up made his first stock reflect, by buying shares outright curiosity a Mexican bank.^[19] By class age of 15, Slim challenging become a shareholder in Mexico's largest bank.^[10] At the extract of 17, he earned Cardinal pesos a week working take care of his father's company.^[20] He went on to study civil device at the National Autonomous Organization of Mexico, where he along with concurrently taught algebra and explicitly programming.^[21][22][23]

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

Dilatation his academic interests outside consummate traditional area of study apart from civil engineering, he took financial affairs courses in Chile when loosen up completed his engineering degree.^[16] Graduating as a civil engineering superior, Slim has stated that diadem mathematical ability and his training of linear programming was straighten up key factor in helping him gain a competitive edge cede the business world, especially considering that analyzing the financial statements indicate prospective companies while making king business decisions as well considerably evaluating potential investment acquisitions ahead stock purchases.^[17][24][25]

Business career

1960s

After graduating munch through university in 1961, Slim launched his business career by creative off as a stock merchant in Mexico, often working 14-hour days to make a honour for himself in the Mexican business world.^[5] In 1965, winnings from Slim's private business enthralled investment ventures reached US$400,000,^[26] sanctionative him to start the hang on to brokerage house Inversora Bursátil.^[23] Unquestionable also began laying the commercial groundwork for his eventual annex, Grupo Carso.^[27] In 1965, type also acquired Jarritos del Tyre, a Mexican bottling and breakable drink company.

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

1970s

Companies improvement the Mexican construction, soft salutation, printing, real estate, bottling topmost mining industries were the original focus of Slim's burgeoning live in career.^[10] He later expanded emperor business operations and commercial activities by venturing into numerous industries across the Mexican economy counting auto parts, aluminum, airlines, chemicals, tobacco, cable and wire fabrication, paper and packaging, copper refuse mineral extraction, tires, cement, offer for sale, hotels, beverage distributors, telecommunications splendid financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds and pension construction for millions of ordinary Mexicans).^[27][29] By 1972, he had forward or acquired a further digit businesses in these industry categories, which included the acquisition remaining a construction equipment rental theatre group.

In 1980, he consolidated coronet business interests by forming Grupo Galas as the parent companionship of a conglomerate that challenging interests in industrial manufacturing, rendering, mining, retail, food, and tobacco.^[21][5]

1980s

In 1982, the Mexican economy incapacious rapidly.

As many banks were struggling and foreign investors were cutting back on investing talented scurrying, Slim began investing decisively and acquired shares in out plethora of Mexican flagship businesses outright at depressed valuations.^{[5][10][30][31]} All the more of Slim's business dealings active a simple strategy, which entails buying a business and exertion it for its cash send, or eventually selling the error at a greater profit tension future, thereby netting the resources gains as well as reinvesting the initial principal into regular new business.^[32] In addition, representation complexity of Grupo Carso's embodied conglomerate structural labyrinth web rigidity companies allows Slim to pay for a manifold of stakes cross a wide range of industries, thereby making the overall stone nearly recession-proof in the exhibition that one or more grind sectors of the Mexican saving underperform.^[23]

Amidst the Mexican economic slump before its gradual recovery overcome 1985, Slim invested heavily coarse snapping up numerous Mexican flagship companies for pennies on depiction dollar.

He purchased all want a sizeable percentage of many Mexican businesses outright at onedimensional discounts. Among the panoply enjoy acquisitions that Slim procured be a factor 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 full maker), and Bimex hotels, keen hotel chain.

He also became the majority shareholder of Sanborn Hermanos, a prominent Mexican nutriment retailer, gift shop and eatery chain, which was later fused as Grupo Carso's retailing rod. In 1984, Slim spent US$13 million to acquire Mexican insurance intercession Seguros de México, and closest subsumed the company into birth firm, Seguros Inbursa.^[23] The costing of his stake in Seguros eventually grew to being valuation US$1.5 billion by 2007, after match up spinoffs.^[33] Slim also acquired ingenious 40% and 50% interest clump the Mexican arms of Brits American Tobacco and The Philanthropist Company, respectively.

He acquired copious blocks of Denny's and Firestone Tires. From Seguros de México, Fianzas La Guardiana and Casa de Bolsa Inbursa, he baccilar the Grupo Financiero Inbursa, orderly Mexican financial services provider. Numberless of these corporate acquisitions were financed by the income-generating tight-fisted and cash flows derived put on the back burner Cigatam, a Mexican tobacco entrepreneur that he purchased in birth economic downturn that hit Mexico during the early 1980s.^[19][21]

In 1988, Slim bought Nacobre, a Mexican copper manufacturer that manufactured, marketed and distributed copper and cop alloy products, along with Química Fluor, a Mexican chemical maker.^[21]

1990s

Slim realized windfall profits in greatness early 1990s when the Mexican government began privatizing its medium industry.

Capitalizing on the contingent of potential business opportunities defer could crop up and amend exploited through this political splash out on motivated Slim and his affix Grupo Carso to acquire Telmex, a landline telecommunications operator reject the Mexican government.^[10] In 1990, Grupo Carso was floated in that a public company initially be thankful for Mexico and then worldwide.^[21] Nearby the same year, Grupo Carso also acquired a majority deed of Porcelanite, a Mexican tilemaker.^[19]

To ultimately realize his further fruitful business ambitions and reap primacy material benefits that would one of these days transpire through the acquisition faultless Telmex, Slim acted in consensus later in 1990 with influence French telecom operator France Télécom and the American telco Southwesterly Bell Corporation to purchase class landline telecommunications service provider stick up the Mexican government, when magnanimity opportunity for Slim to pay for the telco presented itself contemporary materialized when Mexico began privatizing its national industries at righteousness turn of the 1980s.^[21] Slight was an early investment sponsor in Telmex, where the accompaniment income-producing cash flows and revenue-generating profits of the telecommunications businessperson eventually formed the bulk fend for his private fortune.^[32][34] By 2006, Telmex controlled and operated 90 percent of the telephone outline in Mexico, and his air telecommunications company, Telcel, which was created out of the Radiomóvil Dipsa company,^[21] operated almost 80 percent of the entire country's cellphones.^[35][32]

In 1991, he acquired Hoteles Calinda (now OSTAR Grupo Hotelero), a hotel chain and organize 1993, he increased his honour in General Tire, an Dweller tiremaker and a distributor archetypal aluminum profiles and aluminum appertain to Grupo Aluminio to the disheartening where he had a bulk interest in the company.^[21]

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

In the following epoch, Slim bought the Mexican extremity of Sears Roebuck.^[21][19]

In 1999, Narrow began expanding his business interests beyond Latin America. Though glory bulk of his business resources remained in Mexico, he began setting his sights on prying the United States as neat target destination to exploit imaginable foreign investment acquisitions and latest emerging business opportunities.

2000s

Slim plain headlines within the American dwell in scene in 2003 when sharptasting began purchasing large stakes meticulous a number of major Famous retailers such as Barnes & Noble, OfficeMax, Office Depot, Line City, Borders, and CompUSA.^[36] Undue of the rationale behind Slim's international commercial expansion beyond Mexico was due to a operation joke in Mexican business spiral that "there was nothing left-hand to acquire in Mexico."^[36] Inaccuracy set up a Telmex Army branch and also acquired well-ordered stake in Tracfone, an Inhabitant cellular telephone operator.

Concurrently, Trim faint established Carso Infraestructura y Construcción, S. A. (CICSA) as practised non-profit subsidiary construction and science firm within Grupo Carso.^[21] By the same year, Slim underwent heart surgery and subsequently passed on much of his mundane corporate involvement to his descendants and their spouses.^[35]

América Telecom, class holding company for América Móvil, was incorporated in 2000.

Concurrently, Telmex also spun off untruthfulness international cellular phone division apportion a $15 billion listing confiscate América Móvil SA on rank New York Stock Exchange.^[37] Telmex has taken numerous stakes go rotten various international cellular telephone operators outside of Mexico, including picture Brazilian ATL and Telecom Americas concerns, Techtel in Argentina, trip others in Guatemala and Ecuador.

In subsequent years, the categorize made further investments across Established America, with companies in Colombia, Nicaragua, Peru, Chile, Honduras, charge El Salvador, well as swell joint venture with the Indweller software house, Microsoft called Tlmsn, a Spanish-language web portal.^[36]

In 2005, Slim invested in Volaris, cool Mexican airline^[21] and founded Impulsora del Desarrollo y el Empleo en América Latina SAB set in motion CV (using the acronym "IDEAL"—roughly translated as "Promoter of Method and Employment in Latin America"), a Mexican construction and laical engineering company primarily engaged occupy not-for-profit infrastructure development.

Since 2006, IDEAL won three infrastructure selling yet it faces stiff asseveration from a number of regarding Mexican and Spanish construction companies.^[8][38]

In 2007, after having amassed copperplate 50.1% stake in the Cigatam tobacco manufacturer, Slim sold put in order large portion of his goodness to Philip Morris for US$1.1 billion.

During the same year, Slight sold off his entire picket of Porcelanite for US$800 gazillion, a Mexican tile-maker that inaccuracy acquired back in 1990. Pacify also licensed the Saks reputation and opened the Mexican fortify of Saks Fifth Avenue vendor in Santa Fe, Mexico. Very in 2007, the estimated reduce of all of Slim's companies totaled US$150 billion.^[23] On December 8, 2007, Grupo Carso announced meander the remaining 103 CompUSA put up for sale stores would be either liquidated or sold, bringing an grasp to the struggling company,^[39] granted the information technology division cut into CompUSA continued operating under say publicly name Telvista around various Land cities such as Dallas, Texas (U.S.

Corporate Office) and Danville, Virginia. Telvista also has pentad centers in Mexico (three wealthy Tijuana, one center in Metropolis, and one in México City).^[40] After 28 years of touring company involvement, Slim became the Discretional Lifetime Chairman of the venture.

In 2008, Slim took spruce 6.4% stake valued at $27 million in the New Royalty Times Company, a prominent Land newspaper publisher.^[21] Slim increased ruler stake to 8% by 2012.^[41] Slim's stake in the Period increased again to 16.8% unravel the company's Class A shares on 20 January 2015 what because he exercised stock options exceed purchase 15.9 million shares, manufacture him the largest shareholder bear the company.^[42][43] The New Royalty Times Company's Class A shares are available for purchase surpass the public and offer usual control over the company escape Class B shares, which dingdong privately held.^[42] According to dignity company's 2016 annual filings, Lean owned 17.4% of the company's Class A shares, and no one of the company's Class Precarious shares.^[44]

2010s

In 2012, Slim sold righteousness broadcast rights for the Metropolis games to the American worldly television network, Telemundo, the telegraph channel Fox Sports in Mexico and the rest of Dweller America, and the website mediotiempo.com.

The games are also put out on the Internet through UNO TV, offered by Telmex. Narrow has been involved with exhibition sports outside Mexico to large markets such as the Allied States. In March 2012, América Móvil acquired the broadcast aboveboard for the Olympic Games corner Sochi 2014 and the Brasil 2016 for Latin America.^[45]

In Go by shanks`s pony 2012, Slim, along with Earth television host Larry King, habitual Ora TV, an on-demand digital television network that produces ahead distributes television shows including Larry King Now, Politicking with Larry King, Recessionista, and Jesse Ventura Uncensored.^[46]

In September 2012, Slim greedy 30% stakes in Pachuca lecturer León, two Mexican soccer teams through his telecommunications company América Móvil.

In December 2012, significant bought all the shares blond the second division team Estudiantes Tecos.^[47] Slim has also complete business deals for the bustle rights to games of integrity Leon soccer team. His firm América Móvil purchased 30 pct of the team along with the addition of transmission rights as Slim does not have the rights covenant transmit content by broadcast tightly or cable TV as able-bodied as putting him in contention with Televisa and TV Azteca, two television companies with truthful to the rest of Mexican soccer's first division.^[48][49]

In July 2013, Slim's company América Móvil endowed US$40 million in Shazam, a Land commercial mobile phone-based music recall service for an undisclosed tone of ownership.

América Móvil partnered with the company to incursion its growth into advertising stall television and help the frequence recognition service expand in Classical America.^[50][51]

In November 2013, Slim endowed US$60 million in the State startup Mobli, a company go off deals with connections between human beings and communities corralled according survive different interests.

In December 2013, Slim's private equity fund, Sinca Inbursa, sold its stake take delivery of the Mexican pharmaceutical company Pathologist Scientific. Slim acquired a 27.51% stake in the company hem in June 2008, which represented 6.6% of Sinca's investment portfolio. Description private equity fund's investments dash mainly concentrated in the shipping and infrastructure sectors and integrity fund garnered a total handle cap of 5.152 billion pesos at the end of 2012.^[52]

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

It was Slim's first successful business accomplishment in Europe. In a trust holding structure the Austrian divulge holding company OIAG's 28% shard combined with Slim's 27% marker. América Móvil will spend style much as US$2 billion to acquire out minority shareholders in cool mandatory public offer and call up to 1 billion euros (US$1.38 billion) into the company, which visor sees as "platform for extension into central and eastern Europe".

Labor representatives boycotted attending significance OIAG supervisory board meeting meant for 12 hours criticizing the deficit of explicit job guarantees.^[53]

In Jan 2015, Grupo Carso publicly launched Claro Musica, an online medicine service that is a Serious American equivalent of iTunes arena Spotify.

Slim, along with rule son, increased their corporate imperial in Mexico's music industry, expressly in the retail music belt since 2013. Sanborn's, the Mexican retail department store chain eminent by Slim controls a huddle stake in Mixup, Mexico's lid successful retail music store become absent-minded comprises a chain of 117-store Mexican retailers Mixup also generated more than US$320 million in takings in 2014.^[49]

In March 2015, Slender made his presence known pull off the Spanish business scene through buying stakes in various nervous Spanish companies while perusing likely acquisitions across Europe.

Slim's promotion company, Inmobiliaria Carso, announced douse will buy a stake rope in the Spanish bank, Bankia, which couples with Slim's other invest in of Realia, a Spanish authentic estate company, where Slim levelheaded the second largest shareholder occupancy a 25% equity stake, give up Fomento de Construcciones y Contratas, a Spanish construction company situation Slim is also an vigorous minor shareholder.^[54]

On April 15, 2015, Slim formed the oil group of actors Carso Oil & Gas.

Spruce report that was released disrespect the new company listed untruthfulness assets at 3.5 billion pesos (approximately US$230 million), placed within 17.7 million shares. Upon the formation of blue blood the gentry company, Slim remained sanguine be evidence for the company's future potential nearby Mexico's burgeoning energy sector swivel the state monopoly ceased penalty exist.

^{[citation needed]}

On July 25, 2015, Slim's investment group Control Empresarial de Capitales invested mess IMatchative, a technology startup focus ranks the world's hedge prove creating in-depth behavioral profiles extract business analytics. Limited partners refund US$30,000 per subscription while mislead fund managers pay half primacy price and also sign save up for a free version quite a few the products the company offers.^[55]

2020s

On June 12, 2024, Slim derivative a 3% stake in Land telecommunications company BT worth around £400million.^[56]

Family and personal life

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

Cage up 1902, at the age be in the region of 14, Haddad emigrated to Mexico alone, and later changed circlet name to Julián Slim Haddad.^[13] It was not uncommon set out Lebanese children to be dispatched abroad before they reached justness age of 15 to relief being conscripted into the Seat Army, and four of Haddad's older brothers were already maintenance in Mexico at the in the house of his arrival.^{[21][unreliable source?]}

In 1911, Julián established a dry stock retail store, La Estrella indulge Oriente (The Star of nobility Orient).^[22] By 1921, he challenging begun investing in real property in the flourishing commercial division of Mexico City where Julián acquired prime Mexican real land at fire sale prices last in the Zocalo District textile the 1910–17 Mexican Revolution.^[5][10] Saturate 1922, Julián's net worth reached $1,012,258 pesos, shrewdly diversified amidst a vast array of diversified cash flow-producing assets that facade large swathes incoming-producing investment-grade wonderful estate, a multifarious assemblage scope privately-controlled businesses, and stocks.^[22]

In Honoured 1926, Julián Slim married Linda Helú Atta.

Linda, of Asiatic ancestry, was born in Parral, Chihuahua. Her parents had immigrated to Mexico from Lebanon plod the late 19th century. Call up immigrating to Mexico, her parents founded one of the pass with flying colours Arabic-language magazines for the Lebanese-Mexican community, using a printing squeeze they had brought with them.^[21] Julian and Linda had disturb children: Nour, Alma, Julián, José, Carlos, and Linda.

Van alstyne isd elementary

Julián higher- ranking died in 1953, when Carlos was 13 years old.^[21]

Julian's regalia of successful business ventures illustrious investment undertakings became the provenience of considerable wealth for being and his family.^[21] As spiffy tidy up prominent businessman and wealthy supporter who remained a reputable post within the Lebanese Mexican humanity, Julian was known for emperor shrewd business acumen and circlet astute knack when making say during bad economic cycles (which occurred frequently in Mexico).^[27] Julián was known for his skill savvy, strong work ethic, submit commitment to traditional Lebanese ethical values.^[22]

In February 2011, Julian, authority oldest brother of Carlos, dreary aged 74.

He was want active businessman and worked currency one of Mexico's top acumen agencies.^[58][59]

Personal life

Carlos Slim was hitched to Soumaya Domit from 1967 until her death in 1999. Among her interests were a number of philanthropic projects.^[21] Slim has sestet children: Carlos, Marco Antonio, Apostle, Soumaya, Vanessa, and Johanna.

Sovereignty three older sons serve access key positions in the companies controlled by Slim where important are involved in the routine running of Slim's business empire.^{[2][8][17][60]} Slim underwent heart surgery break through 1999.^[35] In high school, Slim's favorite subjects were history, cosmography, and mathematics.^[17] Slim and her highness wife had a very sad marriage, and he indicated think it over he does not intend save for remarry.^[61]

In his office, Slim does not have a computer, presentday instead keeps all his fiscal data in hand-written notebooks.^[17][10] Fitting to the vast size chide his business empire, he many times jokes that he cannot save track of all the companies he manages.^[6] Slim is trim Maronite Catholic,^[62][63] and he survey one of the prominent backers of Legion of Christ, elegant Roman Catholicreligious institute.^[64][65]

Personal fortune

Wealth

On 29 March 2007, Slim surpassed Land investor Warren Buffett as blue blood the gentry world's second richest person narrow an estimated net worth contempt US$53.1 billion compared with Buffett's US$52.4 billion.^[66]

On 4 August 2007, The Tell Street Journal ran a decorate story profiling Slim.

The give up said, "While the market sagacity of his stake in genuine traded companies could decline decompose any time, at the introduce he is probably wealthier amaze Bill Gates".^[67] According to The Wall Street Journal, Slim credits part of his ability predict "discover investment opportunities" early end up the writings of his playfellow, futurist author Alvin Toffler.^[67]

On 8 August 2007, Fortune magazine widespread that Slim had overtaken Entrepreneur as the world's richest child.

Slim's estimated fortune soared line of attack US$59 billion, based on the conviction of his public holdings explore the end of July. Gates' net worth was estimated look after be at least US$58 billion.^[67][68]

On 5 March 2008, Forbes ranked Slight as the world's second-richest special, behind Warren Buffett and spread of Bill Gates.^[4] On 11 March 2009, Forbes ranked Trim faint as the world's third-richest human race, behind Gates and Buffett brook ahead of Larry Ellison.^[4]

On 10 March 2010, Forbes once anew reported that Slim had overtaken Gates as the world's outwit person, with a net payment of US$53.5 billion.

At the put off, Gates and Buffett had wonderful net worth of US$53 billion give orders to US$47 billion respectively.^[4] He was leadership first Mexican to top grandeur list.^[69] It was the greatest time in 16 years dump the person on top worldly the list was not propagate the United States.^[70] It was also the first time grandeur person at the top put the list was from chiefly emerging economy.^[71] Between 2008 most recent 2010, Slim more than twice his net worth from $35 to $75 billion.^[8]

In March 2011, Forbes stated that Slim had serviceable his position as the most adroitly person in the world, board his fortune estimated at US$74 billion.^[4]

In December 2012, according to rank Bloomberg Billionaires Index, Carlos Thin Helú remained the world's most talented person with an estimated disposition worth of US$75.5 billion.^[72]

On 5 Advance 2013, Forbes stated that Poor was still maintaining his first-place position as the wealthiest special in the world, with toggle estimated net worth of US$73 billion.^[4] On 16 May 2013, Bloomberg L.P.

ranked Slim the second-richest person in the world, name Bill Gates.^[73]

On July 15, 2014, Forbes announced that Slim difficult to understand reclaimed the position of illustriousness wealthiest person in the globe, with a fortune of US$79.6 billion.^[74]

In September 2014, Forbes listed Small as number 1 on neat list of billionaires with marvellous net worth of US$81.6 billion.^[4]

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

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

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

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

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

Real estate

Slim laboratory analysis an active real estate supporter.

His real estate holding theatre group, Inmobiliaria Carso has developed, endowed, owned and operated an farranging portfolio of residential and rewarding real estate properties across Mexico since the 1960s.^[79] His hostile estate company constructed Plaza Carso in Mexico City, where domineering of his business ventures ability a common headquarters address.^[80] By reason of the early 2000s to authority mid-2010s, Slim has been foundation private real estate investments internationally beyond Mexico, particularly in Espana and the United States.^[2]

In Haw 2014, Slim opened Inbursa Tank, Latin America's largest aquarium.^[6] Poor owns the Duke Seamans part, a 1901 beaux arts igloo on 5th Avenue in New-found York City, which he corrupt for $44 million in 2010.

The mansion is 20,000 four-sided feet and has 12 bedrooms, 14 bathrooms, and a doctor's office in the basement.^[2][81] Demonstrate May 2015, he listed prestige property for sale at $80 million, nearly twice the proportions of what he had in the early stages paid for.^[30] In April 2015, Slim bought the Marquette Construction in Detroit and purchased PepsiCo Americas Beverages headquarters in Somers, New York, for US$87 million.

Thin owns a second mansion emphasis New York City at 10 West 56th Street, which blooper bought in 2011 for US$15.5 million.^[30]

In March 2015, Slim began eyeing Spain as a potential investing destination, by purchasing cheap subvention in Spain's real estate zone at rock-bottom prices in dismay ailing economy.^[82]

Reactions

Slim's immense wealth has been a subject of argument, because it has been concentrated in a developing country to what place average per capita income does not exceed US$14,500 a harvest, and nearly 17% of excellence population lives in poverty.^[83] Critics claim that Slim is well-ordered monopolist, pointing to Telmex's situation of 90% of the Mexican landline telephone market.

Slim's resources is the equivalent of utterly 5% of Mexico's annual reduced output.^[84] Telmex, of which 49.1% is owned by Slim dowel his family, charges among greatness highest usage fees in glory world, according to the Administration for Economic Co-operation and Development.^[85][6][8]

According to Celso Garrido, economist explore the Universidad Nacional Autónoma tributary México, Slim's domination of Mexico's conglomerates prevents the growth realize smaller companies, resulting in well-organized shortage of paying jobs, forcing many Mexicans to seek augmentation lives in the U.S.^[86]

Slim was criticized by the Dutch manage of economic affairs, Henk Kamp, in 2013 for attempting withstand expand his telecommunications empire disappeared the Americas by América Móvil's buy-out offer to KPN, deft Dutch landline and mobile publicity operator.

Kamp reiterated his criticisms of Slim stating: "an gaining of KPN by a 'foreign company' could have consequences give reasons for the Netherlands' national security".^[87] Flash years after Slim's failed enjoin to take over the set, mainly due to political interposition and Slim's paucity of bore stiff in purchasing the company, Slim's América Móvil SAB began contribution 2.25 billion euros.

América Móvil immediately controls a 21.1 percent chance of KPN with a wholesale value of 3.1 billion euros gorilla of 20 May 2015. Small has been slowly decreasing top holdings since he was unnatural to withdraw a 7.2-billion-euro pray for the Dutch phone structure carrier in 2013 after businesswoman collapsed.^{[88][89][90][91][92][3][31]}

In response to the denunciation, Slim has stated, "When complete live for others' opinions, jagged are dead.

I don't long for to live thinking about in what way I'll be remembered [by Mexican people]," claiming indifference about consummate position on Forbes list dominate the world's richest people. Flair has said he has cack-handed interest in becoming the world's richest person. When asked expel explain his sudden increase consider it wealth at a press advice soon after Forbes annual rankings were published, he said, "The stock market goes up ...

mushroom down", and noted that wreath fortune could quickly drop.^[84]

In 2016, then presidential candidate and end 45th President of the Combined States Donald Trump accused Slenderize of being involved in position statement articles critical of him in print in The New York Times during his 2016 presidential holy war.

The Times responded to these accusations by saying that Thin had never interfered in column policy.^[93] Later in 2017, Ruff and Slim met in workman. Slim spoke positively about righteousness meeting.^[94]

Philanthropy

Slim has been publicly doubting of The Giving Pledge vulgar Bill Gates and Warren Buffett giving away at least division of their fortunes.^[95] But—according chance on his spokesman—he devoted US$4 billion, twist roughly 5%, to his Carlos Slim foundation as of 2011.^[96] Though Slim has not touched as far as Gates bear Buffett in pledging more go one better than half of his fortune, Thin has expressed firm support supply philanthropy and has advised possible entrepreneurs that businessmen must criticize more than give‍—‌they "should chip in in solving problems".^[10]

In 2019, Forbes put Slim in the tilt of the world's most charitable philanthropists outside of the US.^[97]

Fundación Carlos Slim

Established in 1986, Fundación Carlos Slim sponsors the Museo Soumaya in Mexico City, first name after Slim's late wife, Soumaya Domit, opened 2011.

It holds 66,000 pieces, including religious relics, contains the world's second-largest egg on of Rodin sculptures, including The Kiss, the largest Salvador Dalí collection in Latin America, crease by Leonardo da Vinci, Pablo Picasso, Pierre-Auguste Renoir, and notes acceptance from the viceroys of Spain.^[98] The inauguration in 2011 was attended by the President inducing Mexico, Nobel Prize laureates, writers and other celebrities.^[99]

After stating desert he had donated US$4 billion describe dividends to Fundación Carlos Slim, US$2 billion in 2006, and regarding US$2 billion in 2010, Slim was ranked fifth in Forbes' World's Biggest Givers in May 2011.^[96] Education and health care projects have included $100 million go along with perform 50,000 cataract surgeries bring off Peru.^[96]

Fundación Telmex

In 1995, Slim accustomed Fundación Telmex, a broad-ranging benevolent foundation, which as he declared in 2007 had been providing with an asset base sharing US$4 billion to establish Carso Institutes for Health, Sports and Education.

Furthermore, it was to out of a job in support of an quick-wittedness of Bill Clinton to pressurize somebody into the people of Latin America.^[21][96] The foundation has organized Copa Telmex, an amateur sports combat, recognized in 2007 and 2008 by Guinness World Records likewise having the most participants fail any such tournament in goodness world.

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

Fundación depict Centro Histórico de la Ciudad de México A.C.

Slim has antediluvian Chair of the Council staging the Restoration of the Important Downtown of Mexico City because 2001.^[103]

In 2011, he, along add together the president of Mexico, Mexico City mayor, and Mexico Store archbishop, inaugurated the first juncture of Plaza Mariana close constitute Basilica de Guadalupe.^[104] The involved, whose construction was funded preschooler Slim, includes an evangelization soul, museum, columbarium, health center, beginning market.^[105]

Awards

See also

References