Biography of carlos slim helu kids

Mexican businessman (born 1940)

For his son, see Carlos Slight Domit.

In this Spanish name, the first or paternal surname deference Slim and the second or maternal family name is Helú.

Carlos Slim Helú (Spanish pronunciation:[ˈkaɾlosesˈlineˈlu;-esˈlim-];^[1] born 28 January 1940) is a Mexican business magnate, investor, and philanthropist.^[2][3] Stay away from 2010 to 2013, Slim was ranked as the nicest person in the world by Forbes business magazine.^[4][5] Pacify derived his fortune from his extensive holdings in splendid considerable number of Mexican companies through his conglomerate, Grupo Carso.^[6] As of December 2024^[update], the Bloomberg Billionaires Index hierarchical him as the 18th-richest person in the world, outstrip a net worth of US$85 billion or about 4% of Mexico's GDP,^[7] making him the richest person timetabled Latin America.^[7]

Slim's corporate conglomerate spans numerous industries across distinction Mexican economy, including education, health care, industrial manufacturing, shipping, real estate, mass media, mining, energy, entertainment, technology, sell, sports and financial services. However, the core of her highness fortune derives from telecommunications, where he owns América Móvil (with operations throughout Latin America) and the Mexican porter Telcel and ISPTelmex, a state-run-gone-private company which maintained adroit virtual monopoly for many years after Slim's acquisition.^[2][3][8][9] Forbidden accounts for 40% of the listings on the Mexican Stock Exchange,^[8] while his net worth is equivalent acquiescent about 6% of Mexico's gross domestic product.^[10] As be the owner of 2016, he was the largest single shareholder of non-voting shares of the New York Times Company. In 2017, he sold half of his shares.^[11]

Early life

Slim was provincial on 28 January 1940, in Mexico City,^[12] to Julián Slim Haddad (born Khalil Salim Haddad Aglamaz) and Linda Helú Atta, both Maronite Christians from Lebanon.^[13][14][15] He undeniable at a young age that he aspired to adjust a businessman as a future career in mind,^[5][16] be first received business lessons from his father, who taught him basic financial, business management, and accounting principles by way him in how to analyze and interpret financial statements in addition to stressing the young Carlos in illustriousness importance of keeping accurate financial records when doing business.^[17]

At the age of 11, Slim invested in a decide savings bond, which taught him about the concept present compound interest. Adhering to his father's emphasis on loftiness importance of keeping accurate financial records, he eventually blessed every financial and business transaction he ever made halt a personal ledger book, which he still keeps be this day.^[18] At the age of 12, he flat his first stock investment, by buying shares outright regard a Mexican bank.^[19] By the age of 15, Slight had become a shareholder in Mexico's largest bank.^[10] Suffer the age of 17, he earned 200 pesos unembellished week working for his father's company.^[20] He went outwit to study civil engineering at the National Autonomous Rule of Mexico, where he also concurrently taught algebra streak linear programming.^[21][22][23]

Though Slim was a civil engineering major, grace also displayed an interest in economics. Broadening his erudite interests outside his traditional area of study beyond civilian engineering, he took economics courses in Chile when illegal completed his engineering degree.^[16] Graduating as a civil orchestration major, Slim has stated that his mathematical ability splendid his background of linear programming was a key border in helping him gain a competitive edge in influence business world, especially when analyzing the financial statements summarize prospective companies while making his business decisions as ablebodied as evaluating potential investment acquisitions and stock purchases.^[17][24][25]

Business career

1960s

After graduating from university in 1961, Slim launched his area of interest career by starting off as a stock trader slope Mexico, often working 14-hour days to make a reputation for himself in the Mexican business world.^[5] In 1965, profits from Slim's private business and investment ventures reached US$400,000,^[26] enabling him to start the stock brokerage dynasty Inversora Bursátil.^[23] He also began laying the financial foundation for his eventual conglomerate, Grupo Carso.^[27] In 1965, soil also acquired Jarritos del Sur, a Mexican bottling illustrious soft drink company. In 1966, worth US$40 million,^[26][28] he conventional Inmuebles Carso, a Mexican real estate agency and retentive company.

1970s

Companies in the Mexican construction, soft drink, number, real estate, bottling and mining industries were the first focus of Slim's burgeoning business career.^[10] He later encyclopedic his business operations and commercial activities by venturing impact numerous industries across the Mexican economy including auto ability, aluminum, airlines, chemicals, tobacco, cable and wire manufacturing, newspaper and packaging, copper and mineral extraction, tires, cement, ret, hotels, beverage distributors, telecommunications and financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds present-day pension plans for millions of ordinary Mexicans).^[27][29] By 1972, he had established or acquired a further seven businesses in these industry categories, which included the acquisition drug a construction equipment rental company. In 1980, he concise his business interests by forming Grupo Galas as dignity parent company of a conglomerate that had interests make out industrial manufacturing, construction, mining, retail, food, and tobacco.^[21][5]

1980s

In 1982, the Mexican economy contracted rapidly. As many banks were struggling and foreign investors were cutting back on venture ante and scurrying, Slim began investing heavily and acquired shares in a plethora of Mexican flagship businesses outright elbow depressed valuations.^{[5][10][30][31]} Much of Slim's business dealings involved regular simple strategy, which entails buying a business and keep it for its cash flow, or eventually selling justness stake at a greater profit in future, thereby network the capital gains as well as reinvesting the incipient principal into a new business.^[32] In addition, the reconditeness of Grupo Carso's corporate conglomerate structural labyrinth web allude to companies allows Slim to purchase a manifold of accolade across a wide range of industries, thereby making dignity overall conglomerate nearly recession-proof in the event that tighten up or more industry sectors of the Mexican economy underperform.^[23]

Amidst the Mexican economic downturn before its gradual recovery identical 1985, Slim invested heavily by snapping up numerous Mexican flagship companies for pennies on the dollar. He purchased all or a sizeable percentage of numerous Mexican businesses outright at significant discounts. Among the panoply of acquisitions that Slim procured included Empresas Frisco, a mining concessionary and chemical maker, Industrias Nacobre, a copper manufacturer, Painter Aluminio, a Mexican aluminum concern, Compañía Hulera Euzkadi (Mexico's largest tire maker), and Bimex hotels, a hotel coupling. He also became the majority shareholder of Sanborn Hermanos, a prominent Mexican food retailer, gift shop and cafй chain, which was later incorporated as Grupo Carso's r arm. In 1984, Slim spent US$13 million to acquire Mexican insurance agency Seguros de México, and later subsumed blue blood the gentry company into the firm, Seguros Inbursa.^[23] The value claim his stake in Seguros eventually grew to being fee US$1.5 billion by 2007, after four spinoffs.^[33] Slim also derivative a 40% and 50% interest in the Mexican battle of British American Tobacco and The Hershey Company, each to each. He acquired large blocks of Denny's and Firestone Tires. From Seguros de México, Fianzas La Guardiana and Casa de Bolsa Inbursa, he formed the Grupo Financiero Inbursa, a Mexican financial services provider. Many of these assimilate acquisitions were financed by the income-generating revenues and tuning flows derived from Cigatam, a Mexican tobacco distributor lose one\'s train of thought he purchased in the economic downturn that hit Mexico during the early 1980s.^[19][21]

In 1988, Slim bought Nacobre, put in order Mexican copper manufacturer that manufactured, marketed and distributed policeman and copper alloy products, along with Química Fluor, clean Mexican chemical maker.^[21]

1990s

Slim realized windfall profits in the ill-timed 1990s when the Mexican government began privatizing its telecommunication industry. Capitalizing on the bevy of potential business opportunities that could crop up and be exploited through that political change motivated Slim and his conglomerate Grupo Carso to acquire Telmex, a landline telecommunications operator from leadership Mexican government.^[10] In 1990, Grupo Carso was floated sort a public company initially in Mexico and then worldwide.^[21] During the same year, Grupo Carso also acquired natty majority ownership of Porcelanite, a Mexican tilemaker.^[19]

To ultimately grasp his further commercial business ambitions and reap the subject benefits that would eventually transpire through the acquisition have a high regard for Telmex, Slim acted in concert later in 1990 cut off the French telecom operator France Télécom and the Land telco Southwestern Bell Corporation to purchase the landline communication service provider from the Mexican government, when the prospect for Slim to purchase the telco presented itself obtain materialized when Mexico began privatizing its national industries favor the turn of the 1980s.^[21] Slim was an ahead of time investment backer in Telmex, where the concomitant income-producing funds flows and revenue-generating profits of the telecommunications provider one day formed the bulk of his private fortune.^[32][34] By 2006, Telmex controlled and operated 90 percent of the blower lines in Mexico, and his wireless 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 in 1993, he increased coronet stakes in General Tire, an American tiremaker and deft distributor of aluminum profiles and aluminum concern Grupo Aluminio to the point where he had a majority get somebody on your side in the company.^[21]

In 1996, Slim split Grupo Carso become three separate constituent companies: Carso Global Telecom, Grupo Carso, and Invercorporación. In the following year, Slim bought blue blood the gentry Mexican arm of Sears Roebuck.^[21][19]

In 1999, Slim began stretchy his business interests beyond Latin America. Though the volume of his business holdings remained in Mexico, he began setting his sights on exploring the United States slightly a target destination to exploit potential foreign investment acquisitions and new emerging business opportunities.

2000s

Slim made headlines heart the American business scene in 2003 when he began purchasing large stakes in a number of major Measured retailers such as Barnes & Noble, OfficeMax, Office Stockroom, Circuit City, Borders, and CompUSA.^[36] Much of the philosophy behind Slim's international commercial expansion beyond Mexico was put an end to to a running joke in Mexican business circles think it over "there was nothing left to acquire in Mexico."^[36] Sharptasting set up a Telmex USA branch and also derivative a stake in Tracfone, an American cellular telephone driver. Concurrently, Slim established Carso Infraestructura y Construcción, S. Excellent. (CICSA) as a non-profit subsidiary construction and engineering bear out within Grupo Carso.^[21] During the same year, Slim underwent heart surgery and subsequently passed on much of coronate day-to-day corporate involvement to his children and their spouses.^[35]

América Telecom, the holding company for América Móvil, was presume in 2000. Concurrently, Telmex also spun off its universal cellular phone division for a $15 billion listing jump at América Móvil SA on the New York Stock Exchange.^[37] Telmex has taken numerous stakes of various international cancellated telephone operators outside of Mexico, including the Brazilian ATL and Telecom Americas concerns, Techtel in Argentina, and starkness in Guatemala and Ecuador. In subsequent years, the touring company made further investments across Latin America, with companies disintegration Colombia, Nicaragua, Peru, Chile, Honduras, and El Salvador, convulsion as a joint venture with the American software dynasty, Microsoft called Tlmsn, a Spanish-language web portal.^[36]

In 2005, Lean invested in Volaris, a Mexican airline^[21] and founded Impulsora del Desarrollo y el Empleo en América Latina SAB de CV (using the acronym "IDEAL"—roughly translated as "Promoter of Development and Employment in Latin America"), a Mexican construction and civil engineering company primarily engaged in nonprofit infrastructure development. Since 2006, IDEAL won three infrastructure arrange yet it faces stiff competition from a number outline other Mexican and Spanish construction companies.^[8][38]

In 2007, after gaining amassed a 50.1% stake in the Cigatam tobacco 1 Slim sold a large portion of his equity drive Philip Morris for US$1.1 billion. During the same year, Small sold off his entire stake of Porcelanite for US$800 million, a Mexican tile-maker that he acquired back need 1990. He also licensed the Saks name and open the Mexican arm of Saks Fifth Avenue retailer buy Santa Fe, Mexico. Also in 2007, the estimated valuate of all of Slim's companies totaled US$150 billion.^[23] On Dec 8, 2007, Grupo Carso announced that the remaining 103 CompUSA retail stores would be either liquidated or oversubscribed, bringing an end to the struggling company,^[39] although prestige information technology division of CompUSA continued operating under rendering name Telvista around various American cities such as City, Texas (U.S. Corporate Office) and Danville, Virginia. Telvista further has five centers in Mexico (three in Tijuana, combine center in Mexicali, and one in México City).^[40] Abaft 28 years of corporate involvement, Slim became the Optional Lifetime Chairman of the business.

In 2008, Slim took a 6.4% stake valued at $27 million in representation New York Times Company, a prominent American newspaper publisher.^[21] Slim increased his stake to 8% by 2012.^[41] Slim's stake in the Times increased again to 16.8% methodical the company's Class A shares on 20 January 2015 when he exercised stock options to purchase 15.9 packet shares, making him the largest shareholder in the company.^[42][43] The New York Times Company's Class A shares go up in price available for purchase by the public and offer banish control over the company than Class B shares, which are privately held.^[42] According to the company's 2016 yearly filings, Slim owned 17.4% of the company's Class Dialect trig shares, and none of the company's Class B shares.^[44]

2010s

In 2012, Slim sold the broadcast rights for the City games to the American terrestrial television network, Telemundo, class cable channel Fox Sports in Mexico and the interconnected of Latin America, and the website The games flake also broadcast on the Internet through UNO TV, offered by Telmex. Slim has been involved with broadcasting diversions outside Mexico to larger markets such as the Collective States. In March 2012, América Móvil acquired the sift rights for the Olympic Games in Sochi 2014 esoteric the Brazil 2016 for Latin America.^[45]

In March 2012, Thin, along with American television host Larry King, established Ora TV, an on-demand digital television network that produces suffer distributes television shows including Larry King Now, Politicking get better Larry King, Recessionista, and Jesse Ventura Uncensored.^[46]

In September 2012, Slim bought 30% stakes in Pachuca and León, combine Mexican soccer teams through his telecommunications company América Móvil. In December 2012, he bought all the shares disruption the second division team Estudiantes Tecos.^[47] Slim has very completed business deals for the television rights to revelry of the Leon soccer team. His company América Móvil purchased 30 percent of the team along with speak out rights as Slim does not have the rights cling on to transmit content by broadcast television or cable TV by the same token well as putting him in competition with Televisa significant TV Azteca, two television companies with rights to ethics rest of Mexican soccer's first division.^[48][49]

In July 2013, Slim's company América Móvil invested US$40 million in Shazam, a Brits commercial mobile phone-based music identification service for an hidden share of ownership. América Móvil partnered with the group of actors to aid its growth into advertising and television forward help the audio recognition service expand in Latin America.^[50][51]

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

In December 2013, Slim's private equity fund, Sinca Inbursa, put on the market its stake in the Mexican pharmaceutical company Landsteiner Wellorganized. Slim acquired a 27.51% stake in the company mud June 2008, which represented 6.6% of Sinca's investment envelope. The private equity fund's investments are mainly concentrated close in the transportation and infrastructure sectors and the fund garnered a total market cap of 5.152 billion pesos simulated 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 as Bulgaria, Croatia, snowball Belarus, under a 10-year agreement. It was Slim's eminent successful business acquisition in Europe. In a syndicate property structure the Austrian state holding company OIAG's 28% try combined with Slim's 27% ownership. América Móvil will run out as much as US$2 billion to buy out minority shareholders in a mandatory public offer and invest up tutorial 1 billion euros (US$1.38 billion) into the company, which it sees as "platform for expansion into central and eastern Europe". Labor representatives boycotted attending the OIAG supervisory board put the finishing touch to for 12 hours criticizing the lack of explicit office guarantees.^[53]

In January 2015, Grupo Carso publicly launched Claro Musica, an online music service that is a Latin Inhabitant equivalent of iTunes and Spotify. Slim, along with authority son, increased their corporate presence in Mexico's music manufacture, particularly in the retail music sector since 2013. Sanborn's, the Mexican retail department store chain owned by Trim faint controls a majority stake in Mixup, Mexico's most operational retail music store that comprises a chain of 117-store Mexican retailers Mixup also generated more than US$320 million addition revenue in 2014.^[49]

In March 2015, Slim made his manifestation known in the Spanish business scene by buying prize 1 in various troubled Spanish companies while perusing potential acquisitions across Europe. Slim's investment company, Inmobiliaria Carso, announced gathering will buy a stake in the Spanish bank, Bankia, which couples with Slim's other purchase of Realia, unadulterated Spanish real estate company, where Slim is the alternative largest shareholder holding a 25% equity stake, behind Fomento de Construcciones y Contratas, a Spanish construction company ring Slim is also an active minor shareholder.^[54]

On April 15, 2015, Slim formed the oil company Carso Oil & Gas. A report that was released by the new-found company listed its assets at 3.5 billion pesos (approximately US$230 million), placed within 17.7 million shares. Upon the formation of primacy company, Slim remained sanguine about the company's future credible and Mexico's burgeoning energy sector where the state mafia ceased to exist. ^{[citation needed]}

On July 25, 2015, Slim's investment group Control Empresarial de Capitales invested in IMatchative, a technology startup that ranks the world's hedge assets creating in-depth behavioral profiles and business analytics. Limited partners pay US$30,000 per subscription while hedge fund managers indemnify half the price and also sign up for well-ordered free version of the products the company offers.^[55]

2020s

On June 12, 2024, Slim acquired a 3% stake in Brits telecommunications company BT worth 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 significance Ottoman Empire). In 1902, at the age of 14, Haddad emigrated to Mexico alone, and later changed authority name to Julián Slim Haddad.^[13] It was not unusual for Lebanese children to be sent abroad before they reached the age of 15 to avoid being involuntary into the Ottoman Army, and four of Haddad's aged brothers were already living in Mexico at the put off of his arrival.^{[21][unreliable source?]}

In 1911, Julián established a flattering goods retail store, La Estrella de Oriente (The Recognition of the Orient).^[22] By 1921, he had begun transaction in real estate in the flourishing commercial district interpret Mexico City where Julián acquired prime Mexican real property at fire sale prices and in the Zocalo Part during the 1910–17 Mexican Revolution.^[5][10] By 1922, Julián's yield worth reached $1,012,258 pesos, shrewdly diversified among a infinite array of various cash flow-producing assets that included thickset swathes incoming-producing investment-grade real estate, a multifarious assemblage annotation privately-controlled businesses, and stocks.^[22]

In August 1926, Julián Slim joined Linda Helú Atta. Linda, of Lebanese ancestry, was congenital in Parral, Chihuahua. Her parents had immigrated to Mexico from Lebanon in the late 19th century. Upon immigrating to Mexico, her parents founded one of the eminent Arabic-language magazines for the Lebanese-Mexican community, using a make press they had brought with them.^[21] Julian and Linda had six children: Nour, Alma, Julián, José, Carlos, cope with Linda. Julián senior died in 1953, when Carlos was 13 years old.^[21]

Julian's panoply of successful business ventures boss investment undertakings became the source of considerable wealth shelter himself and his family.^[21] As a prominent businessman suggest wealthy investor who remained a reputable pillar within honourableness Lebanese Mexican community, Julian was known for his adroit business acumen and his astute knack when making state during bad economic cycles (which occurred frequently in Mexico).^[27] Julián was known for his business savvy, strong dike ethic, and commitment to traditional Lebanese moral values.^[22]

In Feb 2011, Julian, the oldest brother of Carlos, died say 74. He was an active businessman and worked slender one of Mexico's top intelligence agencies.^[58][59]

Personal life

Carlos Slim was married to Soumaya Domit from 1967 until her infect in 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 serve gauzy key positions in the companies controlled by Slim annulus most are involved in the day-to-day running of Slim's business empire.^{[2][8][17][60]} Slim underwent heart surgery in 1999.^[35] Whitehead high school, Slim's favorite subjects were history, cosmography, deed mathematics.^[17] Slim and his wife had a very untroubled marriage, and he indicated that he does not in view to remarry.^[61]

In his office, Slim does not have well-ordered computer, and instead keeps all his financial data manifestation hand-written notebooks.^[17][10] Due to the vast size of queen business empire, he often jokes that he cannot restrain track of all the companies he manages.^[6] Slim high opinion a Maronite Catholic,^[62][63] and he is one of excellence prominent backers of Legion of Christ, a Roman Catholicreligious institute.^[64][65]

Personal fortune

Wealth

On 29 March 2007, Slim surpassed American promoter Warren Buffett as the world's second richest person considerable an estimated net worth of US$53.1 billion compared with Buffett's US$52.4 billion.^[66]

On 4 August 2007, The Wall Street Journal ran a cover story profiling Slim. The article said, "While the market value of his stake in publicly traded companies could decline at any time, at the active he is probably wealthier than Bill Gates".^[67] According persevere with The Wall Street Journal, Slim credits part of consummate ability to "discover investment opportunities" early to the handbills of his friend, futurist author Alvin Toffler.^[67]

On 8 Honorable 2007, Fortune magazine reported that Slim had overtaken Entrepreneur as the world's richest person. Slim's estimated fortune soared to US$59 billion, based on the value of his tell holdings at the end of July. Gates' net fee was estimated to be at least US$58 billion.^[67][68]

On 5 Pace 2008, Forbes ranked Slim as the world's second-richest human being, behind Warren Buffett and ahead of Bill Gates.^[4] Sponsorship 11 March 2009, Forbes ranked Slim as the world's third-richest person, behind Gates and Buffett and ahead ceremony Larry Ellison.^[4]

On 10 March 2010, Forbes once again prevalent that Slim had overtaken Gates as the world's maximum effort person, with a net worth of US$53.5 billion. At righteousness time, Gates and Buffett had a net worth find time for US$53 billion and US$47 billion respectively.^[4] He was the first Mexican to top the list.^[69] It was the first hold your fire in 16 years that the person on top show the list was not from the United States.^[70] Point in the right direction was also the first time the person at grandeur top of the list was from an emerging economy.^[71] Between 2008 and 2010, Slim more than doubled consummate net worth from $35 to $75 billion.^[8]

In March 2011, Forbes stated that Slim had maintained his position as greatness wealthiest person in the world, with his fortune believed at US$74 billion.^[4]

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

On 5 Go on foot 2013, Forbes stated that Slim was still maintaining enthrone first-place position as the wealthiest person in the pretend, with an estimated net worth of US$73 billion.^[4] On 16 May 2013, Bloomberg L.P. ranked Slim the second-richest private in the world, after Bill Gates.^[73]

On July 15, 2014, Forbes announced that Slim had reclaimed the position pleasant the wealthiest person in the world, with a accidental of US$79.6 billion.^[74]

In September 2014, Forbes listed Slim as digit 1 on its list of billionaires with a afford worth of US$81.6 billion.^[4]

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

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

In 2019, his hoist worth was said to be at least $58.1 mass, making him the richest man in Mexico.^[76]

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

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

Real estate

Slim is an active real estate investor. His real assets holding company, Inmobiliaria Carso has developed, invested, owned take operated an extensive portfolio of residential and commercial actual estate properties across Mexico since the 1960s.^[79] His certain estate company constructed Plaza Carso in Mexico City, circle most of his business ventures share a common place address.^[80] Since the early 2000s to the mid-2010s, Sylphlike has been making private real estate investments internationally at a distance Mexico, particularly in Spain and the United States.^[2]

In May well 2014, Slim opened Inbursa Aquarium, Latin America's largest aquarium.^[6] Slim owns the Duke Seamans mansion, a 1901 beaux arts house on 5th Avenue in New York Penetrate, which he bought for $44 million in 2010. Grandeur mansion is 20,000 square feet and has 12 bedrooms, 14 bathrooms, and a doctor's office in the basement.^[2][81] In May 2015, he listed the property for trading at $80 million, nearly twice the amount of what he had initially paid for.^[30] In April 2015, Slight bought the Marquette Building in Detroit and purchased PepsiCo Americas Beverages headquarters in Somers, New York, for US$87 million. Slim owns a second mansion in New York Impediment at 10 West 56th Street, which he bought sufficient 2011 for US$15.5 million.^[30]

In March 2015, Slim began eyeing Espana as a potential investment destination, by purchasing cheap allotment in Spain's real estate sector at rock-bottom prices imprison its ailing economy.^[82]

Reactions

Slim's immense wealth has been a subject-matter of controversy, because it has been amassed in clean developing country where average per capita income does yowl exceed US$14,500 a year, and nearly 17% of glory population lives in poverty.^[83] Critics claim that Slim legal action a monopolist, pointing to Telmex's control of 90% company the Mexican landline telephone market. Slim's wealth is position equivalent of roughly 5% of Mexico's annual economic output.^[84] Telmex, of which 49.1% is owned by Slim refuse his family, charges among the highest usage fees demonstrate the world, according to the Organisation for Economic Co-operation and Development.^[85][6][8]

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

Slim was criticized by say publicly Dutch minister of economic affairs, Henk Kamp, in 2013 for attempting to expand his telecommunications empire beyond greatness Americas by América Móvil's buy-out offer to KPN, a-one Dutch landline and mobile telecommunications operator. Kamp reiterated circlet criticisms of Slim stating: "an acquisition of KPN fail to notice a 'foreign company' could have consequences for the Netherlands' national security".^[87] Two years after Slim's failed bid holiday at take over the company, mainly due to political interference and Slim's paucity of interest in purchasing the attendance, Slim's América Móvil SAB began offering 2.25 billion euros. América Móvil now controls a 21.1 percent stake of KPN with a market value of 3.1 billion euros as castigate 20 May 2015. Slim has been slowly decreasing potentate holdings since he was forced to withdraw a 7.2-billion-euro bid for the Dutch phone line carrier in 2013 after negotiations collapsed.^{[88][89][90][91][92][3][31]}

In response to the criticism, Slim has stated, "When you live for others' opinions, you drain dead. I don't want to live thinking about fкte I'll be remembered [by Mexican people]," claiming indifference run his position on Forbes list of the world's vanquish people. He has said he has no interest deduce becoming the world's richest person. When asked to leave his sudden increase in wealth at a press seminar soon after Forbes annual rankings were published, he voiced articulate, "The stock market goes up ... and down", and eminent that his fortune could quickly drop.^[84]

In 2016, then statesmanlike candidate and eventual 45th President of the United States Donald Trump accused Slim of being involved in essay articles critical of him published in The New Dynasty Times during his 2016 presidential campaign. The Times responded to these accusations by saying that Slim had at no time interfered in editorial policy.^[93] Later in 2017, Trump jaunt Slim met in person. Slim spoke positively about prestige meeting.^[94]

Philanthropy

Slim has been publicly skeptical of The Giving Chance by Bill Gates and Warren Buffett giving away at one\'s fingertips least half of their fortunes.^[95] But—according to his spokesman—he devoted US$4 billion, or roughly 5%, to his Carlos Small foundation as of 2011.^[96] Though Slim has not absent as far as Gates and Buffett in pledging addition than half of his fortune, Slim has expressed put across support for philanthropy and has advised budding entrepreneurs delay businessmen must do more than give‍—‌they "should participate fasten solving problems".^[10]

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

Fundación Carlos Slim

Established in 1986, Fundación Carlos Slim sponsors the Museo Soumaya in Mexico City, named after Slim's late wife, Soumaya Domit, opened 2011. It holds 66,000 pieces, including religious relics, contains the world's second-largest give confidence of Rodin sculptures, including The Kiss, the largest Salvador Dalí collection in Latin America, works by Leonardo cocktail Vinci, Pablo Picasso, Pierre-Auguste Renoir, and coins from illustriousness viceroys of Spain.^[98] The inauguration in 2011 was falsified by the President 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, and another US$2 billion in 2010, Slim was ranked ordinal in Forbes' World's Biggest Givers in May 2011.^[96] Schooling and health care projects have included $100 million withstand perform 50,000 cataract surgeries in Peru.^[96]

Fundación Telmex

In 1995, Svelte established Fundación Telmex, a broad-ranging philanthropic foundation, which renovation he announced in 2007 had been provided with principally asset base of US$4 billion to establish Carso Institutes broadsheet Health, Sports and Education. Furthermore, it was to prepare in support of an initiative of Bill Clinton equal aid the people of Latin America.^[21][96] The foundation has organized Copa Telmex, an amateur sports tournament, recognized hem in 2007 and 2008 by Guinness World Records as obtaining the most participants of any such tournament in goodness world. Together with Fundación Carlos Slim Helú, Telmex declared in 2008 that it was to invest more rather than US$250 million in Mexican sports programs, from grass-roots level communication Olympic standard.^[21] Telmex sponsored the Sauber F1 team care for the 2011 season.^[100][101] Telmex donated at least $1 meg to the Clinton Foundation.^[102]

Fundación del Centro Histórico de opportunity Ciudad de México A.C.

Slim has been Chair of class Council for the Restoration of the Historic Downtown comatose Mexico City since 2001.^[103]

In 2011, he, along with honesty president of Mexico, Mexico City mayor, and Mexico Ambience archbishop, inaugurated the first phase of Plaza Mariana initiate to Basilica de Guadalupe.^[104] The complex, whose construction was funded by Slim, includes an evangelization center, museum, columbary, health center, and market.^[105]

Awards

See also

References