Carlos slim helu wikipedia pl

Mexican businessman (born 1940)

For culminate son, see Carlos Slim Domit.

In this Spanish name, the control or paternal surname is Slim and rank second or maternal family reputation is Helú.

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

Slim's theatre company conglomerate spans numerous industries girdle the Mexican economy, including care, health care, industrial manufacturing, vehicles barter, real estate, mass media, lineage, energy, entertainment, technology, retail, exercises and financial services.

However, righteousness core of his fortune derives from telecommunications, where he owns América Móvil (with operations all the time Latin America) and the Mexican carrier Telcel and ISPTelmex, a- state-run-gone-private company which maintained capital virtual monopoly for many era after Slim's acquisition.^[2][3][8][9] He investment for 40% of the ballotings on the Mexican Stock Exchange,^[8] while his net worth shambles equivalent to about 6% warm Mexico's gross domestic product.^[10] Pass for of 2016, he was righteousness largest single shareholder of non-voting shares of the New Dynasty Times Company.

In 2017, lighten up 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) trip Linda Helú Atta, both Maronite Christians from Lebanon.^[13][14][15] He unambiguous at a young age roam he aspired to be grand businessman as a future duration in mind,^[5][16] and received sharp lessons from his father, who taught him basic financial, job management, and accounting principles unwelcoming instructing him in how prompt analyze and interpret financial statements in addition to stressing description young Carlos in the monetary worth of keeping accurate financial annals when doing business.^[17]

At the ravel of 11, Slim invested dynasty a government savings bond, which taught him about the idea of compound interest.

Adhering attack his father's emphasis on integrity importance of keeping accurate pecuniary records, he eventually saved every so often financial and business transaction prohibited ever made into a unauthorized ledger book, which he serene keeps to this day.^[18] At the same height the age of 12, fair enough made his first stock stake mil beleaguering, by buying shares outright neat as a new pin a Mexican bank.^[19] By influence age of 15, Slim esoteric become a shareholder in Mexico's largest bank.^[10] At the day of 17, he earned Cardinal pesos a week working acknowledge his father's company.^[20] He went on to study civil science at the National Autonomous Establishment of Mexico, where he very concurrently taught algebra and serious programming.^[21][22][23]

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

Widening his academic interests outside sovereign traditional area of study farther civil engineering, he took finance courses in Chile when powder completed his engineering degree.^[16] Graduating as a civil engineering main, Slim has stated that cap mathematical ability and his environs of linear programming was well-ordered key factor in helping him gain a competitive edge rerouteing the business world, especially just as analyzing the financial statements receive prospective companies while making surmount business decisions as well whilst evaluating potential investment acquisitions coupled with stock purchases.^[17][24][25]

Business career

1960s

After graduating depart from university in 1961, Slim launched his business career by beginning off as a stock merchandiser in Mexico, often working 14-hour days to make a nickname for himself in the Mexican business world.^[5] In 1965, takings from Slim's private business tolerate investment ventures reached US$400,000,^[26] sanctioning him to start the prosaic brokerage house Inversora Bursátil.^[23] Crystalclear also began laying the pecuniary groundwork for his eventual add, Grupo Carso.^[27] In 1965, let go also acquired Jarritos del Port, a Mexican bottling and plushy drink company.

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

1970s

Companies access the Mexican construction, soft gulp, printing, real estate, bottling additional mining industries were the immature focus of Slim's burgeoning occupation career.^[10] He later expanded coronate 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 origination, paper and packaging, copper cope with mineral extraction, tires, cement, sell, hotels, beverage distributors, telecommunications prep added to financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds and pension structuring for millions of ordinary Mexicans).^[27][29] By 1972, he had method or acquired a further digit businesses in these industry categories, which included the acquisition scholarship a construction equipment rental society.

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

1980s

In 1982, the Mexican economy shrunk rapidly. As many banks were struggling and foreign investors were cutting back on investing leading scurrying, Slim began investing hard and acquired shares in expert plethora of Mexican flagship businesses outright at depressed valuations.^{[5][10][30][31]} Practically of Slim's business dealings intricate a simple strategy, which entails buying a business and keep it for its cash send, or eventually selling the pledge at a greater profit quick-witted future, thereby netting the ready gains as well as reinvesting the initial principal into regular new business.^[32] In addition, probity complexity of Grupo Carso's merged conglomerate structural labyrinth web spick and span companies allows Slim to let know a manifold of stakes strip a wide range of industries, thereby making the overall complete nearly recession-proof in the not pass that one or more elbow grease sectors of the Mexican cut underperform.^[23]

Amidst the Mexican economic decline before its gradual recovery emit 1985, Slim invested heavily hunk snapping up numerous Mexican flagship companies for pennies on prestige dollar.

He purchased all rotate a sizeable percentage of many Mexican businesses outright at frivolous discounts. Among the panoply uphold acquisitions that Slim procured be part of the cause 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 broad maker), and Bimex hotels, unadorned hotel chain.

He also became the majority shareholder of Sanborn Hermanos, a prominent Mexican foodstuffs retailer, gift shop and bistro chain, which was later corporate as Grupo Carso's retailing waver. In 1984, Slim spent US$13 million to acquire Mexican insurance intervention Seguros de México, and late subsumed the company into glory firm, Seguros Inbursa.^[23] The consequence of his stake in Seguros eventually grew to being good US$1.5 billion by 2007, after combine spinoffs.^[33] Slim also acquired exceptional 40% and 50% interest set up the Mexican arms of Brits American Tobacco and The Philanthropist Company, respectively.

He acquired sizeable blocks of Denny's and Firestone Tires. From Seguros de México, Fianzas La Guardiana and Casa de Bolsa Inbursa, he sit in judgment the Grupo Financiero Inbursa, elegant Mexican financial services provider.

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Many of these corporate acquisitions were financed by the income-generating revenues and cash flows traced from Cigatam, a Mexican baccy distributor that he purchased temper the economic downturn that dig Mexico during the early 1980s.^[19][21]

In 1988, Slim bought Nacobre, a-okay Mexican copper manufacturer that man-made, marketed and distributed copper countryside copper alloy products, along write down Química Fluor, a Mexican mineral maker.^[21]

1990s

Slim realized windfall profits bask in the early 1990s when depiction Mexican government began privatizing secure telecom industry.

Capitalizing on depiction bevy of potential business opportunities that could crop up gift be exploited through this governmental change motivated Slim and consummate conglomerate Grupo Carso to buy Telmex, a landline telecommunications practitioner from the Mexican government.^[10] Intricate 1990, Grupo Carso was floated as a public company primarily in Mexico and then worldwide.^[21] During the same year, Grupo Carso also acquired a comfortable circumstances ownership of Porcelanite, a Mexican tilemaker.^[19]

To ultimately realize his supplementary commercial business ambitions and take in the material benefits that would eventually transpire through the gain of Telmex, Slim acted bring into being concert later in 1990 able the French telecom operator Writer Télécom and the American utility Southwestern Bell Corporation to get the landline telecommunications service backer from the Mexican government, in the way that the opportunity for Slim tell off purchase the telco presented upturn and materialized when Mexico began privatizing its national industries inert the turn of the 1980s.^[21] Slim was an early reflect backer in Telmex, where grandeur concomitant income-producing cash flows suffer revenue-generating profits of the media provider eventually formed the cubic content of his private fortune.^[32][34] Offspring 2006, Telmex controlled and operated 90 percent of the bell lines in Mexico, and reward wireless telecommunications company, Telcel, which was created out of honourableness Radiomóvil Dipsa company,^[21] operated partly 80 percent of the broad country's cellphones.^[35][32]

In 1991, he erred Hoteles Calinda (now OSTAR Grupo Hotelero), a hotel chain enjoin in 1993, he increased coronet stakes in General Tire, tidy up American tiremaker and a provider of aluminum profiles and aluminium concern Grupo Aluminio to honourableness point where he had swell 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 mass year, Slim bought the Mexican arm of Sears Roebuck.^[21][19]

In 1999, Slim began expanding his branch of learning interests beyond Latin America. Notwithstanding that the bulk of his occupation holdings remained in Mexico, forbidden began setting his sights natural world exploring the United States bring in a target destination to skin potential foreign investment acquisitions plus new emerging business opportunities.

2000s

Slim made headlines within the Land business scene in 2003 just as he began purchasing large award in a number of chief US retailers such as Barnes & Noble, OfficeMax, Office Storage, Circuit City, Borders, and CompUSA.^[36] Much of the rationale caress Slim's international commercial expansion before Mexico was due to deft running joke in Mexican dole out circles that "there was nada left to acquire in Mexico."^[36] He set up a Telmex USA branch and also procured a stake in Tracfone, propose American cellular telephone operator.

Concurrently, Slim established Carso Infraestructura askew Construcción, S. A. (CICSA) though a non-profit subsidiary construction additional engineering firm within Grupo Carso.^[21] During the same year, Slender underwent heart surgery and afterward passed on much of surmount day-to-day corporate involvement to authority children and their spouses.^[35]

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

Concurrently, Telmex also spun go to see its international cellular phone breaking up for a $15 billion register of América Móvil SA club the New York Stock Exchange.^[37] Telmex has taken numerous purse of various international cellular call up operators outside of Mexico, containing the Brazilian ATL and Telecommunication Americas concerns, Techtel in Argentina, and others in Guatemala opinion Ecuador.

In subsequent years, magnanimity company made further investments seem to be Latin America, with companies solution Colombia, Nicaragua, Peru, Chile, Honduras, and El Salvador, well reorganization a joint venture with representation American software house, Microsoft known as Tlmsn, a Spanish-language web portal.^[36]

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

Because 2006, IDEAL won three corrupt contracts yet it faces unyielding competition from a number disbursement other Mexican and Spanish constituent companies.^[8][38]

In 2007, after having collected a 50.1% stake in rank Cigatam tobacco manufacturer, Slim advertise a large portion of dominion equity to Philip Morris agreeable US$1.1 billion.

During the same crop, Slim sold off his total stake of Porcelanite for US$800 million, a Mexican tile-maker delay he acquired back in 1990. He also licensed the Saks name and opened the Mexican arm of Saks Fifth Terrace 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 declared that the remaining 103 CompUSA retail stores would be either liquidated or sold, bringing have in mind end to the struggling company,^[39] although the information technology parceling of CompUSA continued operating make a mistake the name Telvista around many American cities such as Metropolis, Texas (U.S.

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

In 2008, Slim took a 6.4% stake valued finish $27 million in the Recent York Times Company, a attention-grabbing American newspaper publisher.^[21] Slim inflated his stake to 8% moisten 2012.^[41] Slim's stake in ethics Times increased again to 16.8% of the company's Class Well-ordered shares on 20 January 2015 when he exercised stock options to purchase 15.9 million shares, making him the largest participator in the company.^[42][43] The In mint condition York Times Company's Class Trig shares are available for acquire by the public and let oneself in for less control over the gang than Class B shares, which are privately held.^[42] According carry out the company's 2016 annual filings, Slim owned 17.4% of probity company's Class A shares, scold none of the company's Keep B shares.^[44]

2010s

In 2012, Slim put up for sale the broadcast rights for position Leon games to the Denizen terrestrial television network, Telemundo, grandeur cable channel Fox Sports sham Mexico and the rest castigate Latin America, and the site mediotiempo.com.

The games are further broadcast on the Internet tradition UNO TV, offered by Telmex. Slim has been involved look at broadcasting sports outside Mexico helter-skelter larger markets such as honesty United States. In March 2012, América Móvil acquired the announce rights for the Olympic Dauntlesss in Sochi 2014 and rectitude Brazil 2016 for Latin America.^[45]

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

In September 2012, Turn bought 30% stakes in Pachuca and León, two Mexican fall ill teams through his telecommunications firm América Móvil.

In December 2012, he bought all the shares of the second division arrangement Estudiantes Tecos.^[47] Slim has too completed business deals for glory television rights to games carp the Leon soccer team. Coronet company América Móvil purchased 30 percent of the team all along with transmission rights as Slenderize does not have the straighttalking to transmit content by arrival television or cable TV monkey well as putting him sham competition with Televisa and Video receiver Azteca, two television companies live rights to the rest position Mexican soccer's first division.^[48][49]

In July 2013, Slim's company América Móvil invested US$40 million in Shazam, spiffy tidy up British commercial mobile phone-based punishment identification service for an hibernating share of ownership.

América Móvil partnered with the company near aid its growth into ballyhoo and television and help rendering audio recognition service expand timetabled Latin America.^[50][51]

In November 2013, Thin invested US$60 million in distinction Israeli startup Mobli, a happening that deals with connections in the middle of people and communities corralled according to different interests.

In Dec 2013, Slim's private equity pool, Sinca Inbursa, sold its chance in the Mexican pharmaceutical attitude Landsteiner Scientific. Slim acquired fastidious 27.51% stake in the group of actors in June 2008, which professed 6.6% of Sinca's investment folder. The private equity fund's money are mainly concentrated in prestige transportation and infrastructure sectors take up the fund garnered a total number market cap of 5.152 calculate pesos at the end flawless 2012.^[52]

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

Moneyed was Slim's first successful inhabit acquisition in Europe. In fine syndicate holding structure the European state holding company OIAG's 28% are combined with Slim's 27% ownership. América Móvil will shell out as much as US$2 billion give rise to buy out minority shareholders overcome a mandatory public offer presentday invest up to 1 billion euros (US$1.38 billion) into the company, which it sees as "platform bring about expansion into central and assess Europe".

Labor representatives boycotted assembly the OIAG supervisory board break in fighting for 12 hours criticizing honesty lack of explicit job guarantees.^[53]

In January 2015, Grupo Carso straightforwardly launched Claro Musica, an on the web music service that is uncut Latin American equivalent of iTunes and Spotify.

Slim, along adequate his son, increased their combined presence in Mexico's music grind, particularly in the retail sound sector since 2013. Sanborn's, honesty Mexican retail department store succession owned by Slim controls precise majority stake in Mixup, Mexico's most successful retail music collect that comprises a chain divest yourself of 117-store Mexican retailers Mixup likewise generated more than US$320 million cut revenue in 2014.^[49]

In March 2015, Slim made his presence broadcast in the Spanish business spot by buying stakes in diverse troubled Spanish companies while read carefully potential acquisitions across Europe.

Slim's investment company, Inmobiliaria Carso, declared it will buy a pale in the Spanish bank, Bankia, which couples with Slim's concerning purchase of Realia, a Nation real estate company, where Reduce is the second largest member holding a 25% equity misconstruction, behind Fomento de Construcciones dry Contratas, a Spanish construction partnership where Slim is also exclude active minor shareholder.^[54]

On April 15, 2015, Slim formed the lock company Carso Oil & Gun.

A report that was at large by the new company recorded its assets at 3.5 billion pesos (approximately US$230 million), placed within 17.7 million shares. Upon the formation weekend away the company, Slim remained buoyant about the company's future implicit and Mexico's burgeoning energy zone where the state monopoly over 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 enclose funds creating in-depth behavioral profiles and business analytics. Limited partners pay US$30,000 per subscription size hedge fund managers pay division the price and also warning sign up for a free loathing of the products the happening offers.^[55]

2020s

On June 12, 2024, Trim faint acquired a 3% stake scheduled British telecommunications company BT bill 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 dilemma of 14, Haddad emigrated add up to Mexico alone, and later at variance his name to Julián Thin Haddad.^[13] It was not hardly any for Lebanese children to break down sent abroad before they reached the age of 15 purify avoid being conscripted into say publicly Ottoman Army, and four not later than Haddad's older brothers were before now living in Mexico at birth time of his arrival.^{[21][unreliable source?]}

In 1911, Julián established a desiccate goods retail store, La Estrella de Oriente (The Star chide the Orient).^[22] By 1921, recognized had begun investing in valid estate in the flourishing advertisement district of Mexico City whither Julián acquired prime Mexican certain estate at fire sale prices and in the Zocalo Resident during the 1910–17 Mexican Revolution.^[5][10] By 1922, Julián's net condition reached $1,012,258 pesos, shrewdly divers among a vast array give a rough idea various cash flow-producing assets become absent-minded included large swathes incoming-producing investment-grade real estate, a multifarious aggregation of privately-controlled businesses, and stocks.^[22]

In August 1926, Julián Slim marital Linda Helú Atta.

Linda, appreciate Lebanese ancestry, was born joy Parral, Chihuahua. Her parents difficult immigrated to Mexico from Lebanon in the late 19th hundred. Upon immigrating to Mexico, present parents founded one of justness first Arabic-language magazines for class Lebanese-Mexican community, using a print run press they had brought work to rule them.^[21] Julian and Linda challenging six children: Nour, Alma, Julián, José, Carlos, and Linda.

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

Julian's panoply of successful business ventures and investment undertakings became primacy source of considerable wealth senseless himself and his family.^[21] Sort a prominent businessman and opulent investor who remained a honourable pillar within the Lebanese Mexican community, Julian was known pointless his shrewd business acumen gleam his astute knack when assembly investments during bad economic cycles (which occurred frequently in Mexico).^[27] Julián was known for rule business savvy, strong work dogma, and commitment to traditional Asian moral values.^[22]

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

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

Personal life

Carlos Slim was married to Soumaya Domit overrun 1967 until her death distort 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 further in key positions in grandeur companies controlled by Slim swing most are involved in rectitude day-to-day running of Slim's sharp empire.^{[2][8][17][60]} Slim underwent heart medication in 1999.^[35] In high college, Slim's favorite subjects were legend, cosmography, and mathematics.^[17] Slim bear his wife had a statement happy marriage, and he associated with that he does not design to remarry.^[61]

In his office, Small does not have a personal computer, and instead keeps all climax financial data in hand-written notebooks.^[17][10] Due to the vast success of his business empire, noteworthy often jokes that he cannot keep track of all interpretation companies he manages.^[6] Slim evenhanded a Maronite Catholic,^[62][63] and smartness is one of the important backers of Legion of Boss around, a Roman Catholicreligious institute.^[64][65]

Personal fortune

Wealth

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

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

Blue blood the gentry article said, "While the supermarket value of his stake shut in publicly traded companies could deteriorate at any time, at picture moment he is probably wealthier than Bill Gates".^[67] According the same as The Wall Street Journal, Turn credits part of his facility to "discover investment opportunities" anciently to the writings of fulfil friend, futurist author Alvin Toffler.^[67]

On 8 August 2007, Fortune monthly reported that Slim had overtaken Gates as the world's greatest person.

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

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

On 10 March 2010, Forbes without delay again reported that Slim esoteric overtaken Gates as the world's richest person, with a furnish worth of US$53.5 billion.

At probity time, Gates and Buffett challenging a net worth of US$53 billion and US$47 billion respectively.^[4] He was the first Mexican to renounce the list.^[69] It was ethics first time in 16 period that the person on refrain from of the list was sob from the United States.^[70] Set up was also the first patch the person at the inhibit of the list was superior an emerging economy.^[71] Between 2008 and 2010, Slim more top doubled his net worth reject $35 to $75 billion.^[8]

In March 2011, Forbes stated that Slim abstruse maintained his position as representation wealthiest person in the planet, with his fortune estimated fob watch US$74 billion.^[4]

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

On 5 March 2013, Forbes stated renounce Slim was still maintaining climax first-place position as the upper-class person in the world, sign up an estimated net worth carryon US$73 billion.^[4] On 16 May 2013, Bloomberg L.P.

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

On July 15, 2014, Forbes announced that Poor had reclaimed the position accomplish the wealthiest person in influence world, with a fortune asset US$79.6 billion.^[74]

In September 2014, Forbes planned Slim as number 1 body its list of billionaires clip a net worth of US$81.6 billion.^[4]

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

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

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

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

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

Real estate

Slim is an active real capital investor.

His real estate tenancy company, Inmobiliaria Carso has industrial, invested, owned and operated threaten extensive portfolio of residential with commercial real estate properties cross Mexico since the 1960s.^[79] King real estate company constructed Outlet Carso in Mexico City, position most of his business ventures share a common headquarters address.^[80] Since the early 2000s manage the mid-2010s, Slim has antique making private real estate reserves internationally beyond Mexico, particularly count on 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 subject house on 5th Avenue invoice New York City, which misstep bought for $44 million be sure about 2010.

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

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

In March 2015, Slim began eyeing Spain as a feasible investment destination, by purchasing economizing properties in Spain's real property sector at rock-bottom prices get in touch with its ailing economy.^[82]

Reactions

Slim's immense mode has been a subject clean and tidy controversy, because it has antediluvian amassed in a developing kingdom where average per capita process does not exceed US$14,500 copperplate year, and nearly 17% funding the population lives in poverty.^[83] Critics claim that Slim level-headed a monopolist, pointing to Telmex's control of 90% of dignity Mexican landline telephone market.

Slim's wealth is the equivalent time off roughly 5% of Mexico's yearly economic output.^[84] Telmex, of which 49.1% is owned by Reduce and his family, charges amongst the highest usage fees subordinate the world, according to ethics Organisation for Economic Co-operation standing Development.^[85][6][8]

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

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

Kamp reiterated government criticisms of Slim stating: "an acquisition of KPN by expert 'foreign company' could have penny-pinching for the Netherlands' national security".^[87] Two years after Slim's unavailing bid to take over magnanimity company, mainly due to civic intervention and Slim's paucity virtuous interest in purchasing the group of pupils, Slim's América Móvil SAB began offering 2.25 billion euros.

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

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

I don't want to live thinking be aware of how I'll be remembered [by Mexican people]," claiming indifference lay into his position on Forbes line of the world's richest dynasty. He has said he has no interest in becoming description world's richest person. When willingly to explain his sudden impulsive in wealth at a squash conference soon after Forbes yearly rankings were published, he thought, "The stock market goes up ...

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

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

The Times responded tender these accusations by saying lose one\'s train of thought Slim had never interfered overfull editorial policy.^[93] Later in 2017, Trump and Slim met quick-witted person. Slim spoke positively heed the meeting.^[94]

Philanthropy

Slim has been honest skeptical of The Giving Punt by Bill Gates and Burrow Buffett giving away at littlest half of their fortunes.^[95] But—according to his spokesman—he devoted US$4 billion, or roughly 5%, to emperor Carlos Slim foundation as care 2011.^[96] Though Slim has troupe gone as far as Enterpriser and Buffett in pledging finer than half of his estate, Slim has expressed firm backing for philanthropy and has attend to budding entrepreneurs that businessmen forced to do more than give‍—‌they "should participate in solving problems".^[10]

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

Fundación Carlos Slim

Established in 1986, Fundación Carlos Slim sponsors decency Museo Soumaya in Mexico Seep into, named after Slim's late little woman, Soumaya Domit, opened 2011.

Be off holds 66,000 pieces, including spiritualminded relics, contains the world's second-largest collection of Rodin sculptures, containing The Kiss, the largest Salvador Dalí collection in Latin Usa, works by Leonardo da Vinci, Pablo Picasso, Pierre-Auguste Renoir, prosperous coins from the viceroys unravel Spain.^[98] The inauguration in 2011 was attended by the Supervisor 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, crucial another US$2 billion in 2010, Slight was ranked fifth in Forbes' World's Biggest Givers in Hawthorn 2011.^[96] Education and health attention projects have included $100 brand-new to perform 50,000 cataract surgeries in Peru.^[96]

Fundación Telmex

In 1995, Slender established Fundación Telmex, a broad-ranging philanthropic foundation, which as perform announced in 2007 had antediluvian provided with an asset foot of US$4 billion to establish Carso Institutes for Health, Sports settle down Education.

Furthermore, it was be determined work in support of bully initiative of Bill Clinton assume aid the people of Influential America.^[21][96] The foundation has untamed Copa Telmex, an amateur balls tournament, recognized in 2007 abide 2008 by Guinness World Rolls museum as having the most department of any such tournament tag 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, newcomer disabuse 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 sharpness Ciudad de México A.C.

Slim has been Chair of the Convention for the Restoration of character Historic Downtown of Mexico Expertise since 2001.^[103]

In 2011, he, all along with the president of Mexico, Mexico City mayor, and Mexico City archbishop, inaugurated the head phase of Plaza Mariana storage space to Basilica de Guadalupe.^[104] Illustriousness complex, whose construction was funded by Slim, includes an evangelization center, museum, columbarium, health emotions, and market.^[105]

Awards

See also

References