CARLOS SLIM HELU BIOGRAPHY PDF

His extensive holdings in a considerable number of Mexican companies through his conglomerate , Grupo Carso, SA de CV, amassed interests in the fields of communications, insurance, construction, energy, mining , retailing, publishing, and finance. Slim was born into a family of Lebanese Christian immigrants to Mexico , where his father made a fortune in real estate during the Mexican Revolution of — Slim graduated with a degree in engineering from the National Autonomous University of Mexico , and by the mids he was investing in and founding a variety of businesses that became the foundation for Grupo Carso. He attained billionaire status in the aftermath of the economic crash of , when the Mexican government, defaulting on foreign debts in light of a devalued peso , began nationalizing banks and scaring away business investors. Having purchased at bargain prices controlling interests in a variety of companies, Slim managed them so effectively that within the span of a decade their aggregate value soared. Grupo Carso also held extensive interests in numerous Mexican companies.

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His extensive holdings in a considerable number of Mexican companies through his conglomerate , Grupo Carso, SA de CV, amassed interests in the fields of communications, insurance, construction, energy, mining , retailing, publishing, and finance. Slim was born into a family of Lebanese Christian immigrants to Mexico , where his father made a fortune in real estate during the Mexican Revolution of — Slim graduated with a degree in engineering from the National Autonomous University of Mexico , and by the mids he was investing in and founding a variety of businesses that became the foundation for Grupo Carso.

He attained billionaire status in the aftermath of the economic crash of , when the Mexican government, defaulting on foreign debts in light of a devalued peso , began nationalizing banks and scaring away business investors. Having purchased at bargain prices controlling interests in a variety of companies, Slim managed them so effectively that within the span of a decade their aggregate value soared. Grupo Carso also held extensive interests in numerous Mexican companies.

By the late s Slim had forged close ties with Pres. His tight control of Telmex upset his competitors, as well as some consumers critical of the communications giant. Slim acquired the ailing electronics products and services company CompUSA in After realizing that he had misjudged his ability to turn the company around—a rare misstep for Slim—he sold it in By the following year Slim had become the largest shareholder in the New York Times Company, the financial conglomerate Citigroup , the luxury retailer Saks, and the consumer electronics retailer Circuit City.

Get exclusive access to content from our First Edition with your subscription. Subscribe today A noted art collector and philanthropist, Slim founded a not-for-profit art museum, Museo Soumaya named for his wife , in Mexico City. In the museum moved to a larger building in the city. Slim was also prominent in the revitalization of the historic centre of Mexico City, establishing the Foundation for the Historic Centre of Mexico City, and he received the Hadrian Award from the World Monuments Fund in for his efforts in preserving culturally significant buildings in Mexico City.

Slim also received several awards for his philanthropic efforts, which included establishment of the Carlos Slim Foundation, focusing on the areas of health, sports, and education through such organizations as the Carlos Slim Institute of Health, which funds research projects on public health in Mexico.

In the Carlos Slim Foundation partnered with Grameen Trust—a nonprofit venture of Grameen Bank , the Bangladeshi bank founded by economist Muhammad Yunus as a means of providing small loans to poor individuals—to launch the Grameen-Carso microcredit program in Mexico.

In —16 Slim publicly criticized Republican U. Trump for making allegedly racist comments about Mexican immigrants to the United States, for proposing to build a wall along the U. Following an unexpected meeting between the two men in December by which time Trump had become president-elect , Slim restated his view that investment and economic development in Mexico would prevent unwanted immigration much more effectively than a physical wall.

This article was most recently revised and updated by Amy Tikkanen , Corrections Manager. Learn More in these related Britannica articles:.

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Carlos Slim

He eventually saved every financial and business transaction he made into a personal ledger book which he keeps to this day. He took economics courses in Chile once he finished his engineering degree. As many banks were struggling and foreign investors were cutting back on investing and scurrying, Slim began investing heavily and bought many flagship companies at depressed valuations. Slim acquired companies with strong returns on capital he believed were undervalued and overhauled their management. He diversified methodically in numerous industry sectors across the Mexican economy, investing in real estate, then a construction equipment company, and mining companies. The portfolio of Slim companies grew to include a printing company, a tobacco company and retail stores.

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Carlos Slim Helú

Carlos Slim was born on January 28, , in Mexico City, where his parents had already built a great deal of business and recognition. Surrounded by his brothers, he grew up among entrepreneurial teachings because it is said that his father gave them money and helped them to administer it, making him carry his own balance sheets from a very young age. For this reason, with only 12 years old, he opened his first check and bought stocks of the National Bank of Mexico. In , his father died and Carlos Slim was only 13 years old. From that time on, a prominent position was established in the field of entrepreneurs, industrial, real estate, and commercial areas.

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