Wednesday 18 May 2016

Carlos Slim

Carlos Slim
Carlos Slim 2012.jpg
2012
BornCarlos Slim Helú
January 28, 1940 (age 76)
Mexico City, Mexico
ResidenceMexico City, Mexico
NationalityMexican
EducationCivil Engineering
Alma materUniversidad Nacional Autónoma de México
OccupationChairman & CEO of Telmex,América MóvilSamsung Mexicoand Grupo Carso
Known forWorld's wealthiest person (2007, 2010–2013)
Net worthUS$58.6 billion (March 2016)[1]
ReligionMaronite Catholicism[2]
Spouse(s)Soumaya Domit (m. 1967;d. 1999)
ChildrenCarlos
Marco Antonio
Everétt Patrick
Soumaya
Vanessa
Johanna
Carlos Slim Helú (Spanish pronunciation: [ˈkaɾlos esˈlim eˈlu]; born January 28, 1940) is a Mexican business magnate, investor, and philanthropist.[3][4] From 2010 to 2013, Slim was ranked as the richest person in the world.[5]Known as the "Warren Buffett of Mexico",[6][7][8][9][10] he derived his fortune from his extensive holdings in a considerable number of Mexican companies through hisconglomerateGrupo Carso.[11] As of 3 November 2015 he was #2 on Forbes list of billionaires, with net worth estimated at US$77.1 billion.[12]
Slim is the chairman and chief executive of telecommunications companies Telmex andAmérica Móvil, Latin America's largest mobile-phone carrier, which accounted for around $49 billion of Slim's wealth by the end of 2010.[13]
Slim's total conglomerate comprises a diverse portfolio of businesses from a wide array of industries that include telecommunications, education, health care, industrial manufacturing, food and beverages, real estate, airlines, media, energy, hospitality, entertainment, technology, retail, sports and financial services.[3][4][14][15]
Slim has overseen a vast business empire that is influential in every sector of the Mexican economy and accounts for 40% of the listings on the Mexican Stock Exchange,[14] while his net worth is equivalent to about 6 percent of Mexico’s gross domestic product.[16]

Early life[edit]

Slim always knew he wanted to be a businessman and began to develop his business and investment acumen at a young age.[6][17] He received business lessons from his early childhood where his father Julian, often taught the young Carlos the value of financial literacy, management and accountability, teaching him how to read financial statements as well as the importance of keeping accurate financial records, a practice that Slim carries on to this day.[18]
Slim's first investment began at the age of 11, when he invested in a government savings bond that taught him about the concept of compound interest. He eventually saved every financial and business transaction he made into his personal ledger book which he keeps to this day.[19] At the age of 12, he made his first stock purchase, by purchasing shares in a Mexican bank.[20] By the age of 15, Slim had become a shareholder in Mexico’s largest bank.[16] At the age of 17, he earned 200 pesos a week working for his father's company.[21]He went on to study civil engineering at the National Autonomous University of Mexico, where he also concurrently taught algebra and linear programming, which meant that he was both a student and professor.[22][23][24]

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