Carlos Slim Helu has an estimated net worth of $52.1 billion.
Carlos Slim Helu is a Mexican multibillionaire philanthropist and investor. Forbes magazine has repeatedly named him the richest man in the world, and he currently owns more than 200 businesses worldwide.
Since he began investing his money immediately after graduating from college, he is now an extremely wealthy man who is able to donate a significant portion of his fortune to charities that support numerous causes.
Carlos Slim Helu and his five siblings were born in Mexico City, Mexico, on January 28, 1940, to Lebanese parents.
Carlos’s father was a successful businessman who taught his children about business at an early age. When he was only 12 years old, he invested in shares of a national bank.
After his father’s passing in 1953, Carlos continued to work for the family business until he was 17 years old.
He attended Mexico’s National Autonomous University and majored in civil engineering. In addition to teaching algebra and linear programming while in school, he entered the business world upon graduation.
Carlos began his career by launching his own brokerage after receiving extensive business training from his father. By 1965, he had expanded his business to the point where he could incorporate other businesses or even acquire them outright.
Although he invested in a variety of businesses, he primarily focused on mining, real estate, and construction and was estimated to be worth approximately $40 million in 1966.
In 1980, he had consolidated his shares into a holding company named Grupo Galas.
In 1982, oil prices fell drastically, causing the Mexican economy to suffer greatly.
This prompted him to increase his shareholdings and invest in international firms, and he soon owned a fifty percent stake in ‘The Hershey Company.’
In 1990, he continued to extend his control over telephone communication companies in the hopes of acquiring Telmex from the Mexican government. After acquiring the business, he developed a US version of ‘Telmex’ and invested in ‘Tracfone’, an American mobile phone company.
After undergoing heart surgery, he began to delegate some of his daily responsibilities to his children and retreated from the business world.
Throughout the 2000s, Carlos continued to invest in some of the world’s largest corporations, such as ‘The New York Times Company,’ ‘Volaris,’ ‘Saks Fifth Avenue,’ and ‘Telekom Austria.’
By January 2015, Carlos Slim Helu was the largest individual shareholder of The New York Times Company.
In 2020, Carlos Slim Helu’s net worth will be $52.1 billion, making him one of the wealthiest individuals in history.
Here are a few of the career highlights for Carlos Slim Helu:
2003 Latin Trade Magazine’s CEO of the Year
2004 Latin Trade Journal, CEO of the Decade
1985 Entrepreneurial Merit Medal of Honor from Mexico’s Chamber of Commerce
The Hispanic Society of America awarded the Sorolla Medal in 2011