carlos slim helú
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CARLOS SLIM HELÚ
Presented By:Amrit Raj Kafle
Dawda CollyEbrima Jatta
Bikalpa DhunganaAvijit palitApril 10, 2023
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Carlos Slim Helu
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Introduction
Carlos Slim Helú born January 28, 1940 is a Mexican business magnate and philanthropist.
Who is of 2012, is the richest person in the world for the third year in a row from 2010.
Net worth of Carlos Slim is US$ 69 billion in 2012.
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Early Years
Slim was born in Mexico City, Mexico in 1940 to Maronite Christian parents Julián Slim Haddad and Linda Helú, both of Lebanese descent.
He invested in Government saving bonds at the age of 11, tracking his purchases in a detailed ledger.
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Cont.
Slim took his civil engineering at the National Autonomous University of Mexico.
By the age of 26, in 1966, Mr Slim was worth a $40m through a series of investments and acquisitions.
In 1966, Slim got married to Soumaya Domit Gemayel.
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TELMAX
Telmex was founded in 1947 when a group of Mexican investors bought Swedish Ericsson's Mexican branch
Is a telecommunications company headquartered in Mexico City.
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Cont.
Telmax provides telecommunications products and services in Maxico, Agentina, Colombia, Brazil and other countries in Latin America.
Telmex owns 90 percent of the telephone lines in Mexico city.
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American Movil
It was founded in 2000
Is a Mexican telecommunication company headquartered in Mexico City, Mexico.
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Cont.
It is the third largest mobile network operator in terms of equity subscribers, one of the largest corporations in Latin America, and the world.
Is provide Fixed-line and mobile telephony, broadband and fixed-line internet services.
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Grupo Carso
It was formed in 1990.
The name Carso stands for Carlos Slim and Soumaya Domit de Slim, his late wife.
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Cont.
In 2007, the conglomerate was worth over $6 billion US dollars and held the largest telecommunications company in Latin America under its belt of companies.
It provide Industrial, Media, Retail, Telecommunication services.
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Financial Aspects
On March 29, 2007, Slim surpassed Warren Buffett as the world's second richest person with an estimated net worth of $53.1 billion compared to Buffet's $52.4 billion.
On August 8, 2007, Fortune reported that Slim had overtaken Gates as the world's richest man. Slim's estimated fortune soared to $59 billion, based on the value of his public holdings.
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Cont.
On March 5, 2008, Forbes ranked Slim as the world's second-richest person, behind Warren Buffett and ahead of Bill Gates.
On March 11, 2009, Forbes ranked Slim as the world's third-richest person, behind Gates and Buffett and ahead of Lawrence Ellison.
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Cont.
On March 10, 2010, Forbes once again reported that Slim had overtaken Gates as the world's richest man, with a net worth of $53.5 billion. Gates and Buffett now have a net worth of $53 billion and $47 billion respectively.
In March 2011, Forbes stated that Slim had maintained his position as the wealthiest person in the world, with his fortune estimated at $74 billion.
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Criticism and Awards
Critics claim that Slim is a monopolist, pointing to Telmex's control of 90% of the Mexican landline telephone market.
According to Professor Celso Garrido, an economist at the National Autonomous University of Mexico, Slim's domination of Mexico's conglomerates prevents the growth of smaller companies,
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Cont.
Mr. Carlos Slim Helú was awarded Red Cross Badge of Honor and Merit due to his long-standing humanitarian trajectory.
Slim has been awarded the Entrepreneurial Merit Medal of Honor from Mexico's Chamber of Commerce.
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Cont.
In 2008 his philanthropy was recognised with the award of The National Order of the Cedar by the Lebanese government.
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Philanthropy and Achievements In 1995 he established Fundación Telmex,
a broad-ranging philanthropic foundation.
Fundación Carlos Slim Helú sponsors the Museo Soumaya in Mexico City which contains the world's second-largest (and largest private) collection of Rodin sculptures, including The Kiss.
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Cont.
In 2000, Slim, along with ex-broadcaster Jacobo Zabludowsky organized the Mexico City Historic Downtown Foundation.
President Bill Clinton, Frank Giustra and Carlos Slim Launch a 20 million Dollar Fund for Small and Medium-Size Firms (SMFs) in Haiti.
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Cont.
Slim has been vice-president of the Mexican Stock Exchange and president of the Mexican Association of Brokerage Houses.
He was the first president of the Latin-American Committee of the New York Stock Exchange Administration Council, from 1996 to1998.
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Cont.
Slim was on the Board of Directors of the Altria Group (previously known as Philip Morris) until his resignation in April 2006.
Slim was also on the Board of Directors of Alcatel.
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Cont.
In 2008 it was reported that Slim had shown an interest in buying the Honda Formula One team.
Telmex is sponsoring the Sauber F1 team for the 2011 season
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Some Unknown Facts About Slim Slim is the first “World's Richest” man
from a developing nation. Slim, as an owner of more than 220 companies in
telecommunications, banking, railways, and restaurants (to name a few), saw his fortune swell by $18.5 billion
In Mexico, Slim is “Mr. Monopoly”. The Wall Street Journal once quipped that "
it's hard to spend a day in Mexico and not put money in Slim's pocket.” Slim's phone company Telmex, controls 80 percent of the landlines
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Cont.
Slim bailed out The New York Times. In addition to owning 6.9 percent of The New York
Times Company, Slim loaned the struggling publisher $250 million last year, essentially saving it from financial ruin.
Slim loves baseball. While soccer remains Mexico's most popular sport,
Slim has an avid affinity for baseball — especially the New York Yankees.
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Cont…
In the U.S., he'd be a “trillionaire”. Carlos Slim's net worth is equivalent to about 7
percent of Mexico's GDP. For Bill Gates to have the same grip on the U.S. economy, Gates would have to be worth "909 billion" and own "Alcoa, Phillip Morris, Sears, Best Buy, TGIFriday's, Dunkin' Donuts, Marriott, Citibank, and JetBlue."
He is famously frugal. From a young age, Slim has practiced simple living
style. He still lives in the same modest 6-bedroom home where he's resided for the past three decades. His cramped bedroom is "the size of a Manhattan hotel room."
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“Wealth is like an orchard. You have to share the fruit, not the trees.”
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Bibliography
www.wikipedia.com www.carlosslim.com www.theweek.com
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