Carlos Slim is a Mexican business tycoon who can also be described as an investor as well as a philanthropist. He was once the king of billionaires though now he has relinquished the throne to others such as Bill Gates, but he still makes it to the top 10 richest men alive globally.
So how did Carlos Slim amass such a net worth figure making him Mexico richest man? Here is the owner of America Movil and some other 200 companies’ autobiography. Let’s find out more about how much is Carlos Slim’s net worth in 2018.
Carlos Slim Early Life
Slim is the son of Julian Slim Haddad and Linda Helu Atta who gave birth to him in 1940. He went to study at the National Autonomous University of Mexico where he graduated with a civil engineering degree. Due to interest in economics, he pursued the course in Chile.
When he was just 10 years, the father saw the young boy having an interest in business and investment acumen and started giving him some accounting management and financial lessons. At the age of 11 he had already invested in government bonds, and by the age of 12, he was already a shareholder in the largest Mexican bank.
Carlos Slim has six children, and their mother was Soumaya Domit who met her demise in 1999. The billionaire is a Catholic and keeps all his financial records in notebooks rather than in a computer.
Carlos Slim Career
Carlos started building his fortune in the 1960s by becoming a stock trader, and in 1965 he had made enough for opening a stock brokerage Inversora Bursatil and purchased Jarritos del Sur which is worth $40 million.
In the 1970s he ventured into dozens of businesses and established conglomerate of companies in various industries such as mining, real estate, construction, soft drink, airlines, paper and packaging, telecommunications, hotels, retail, financial services, cement, tobacco, mineral extraction among others under Grupo Carso.
In the 1980s the Mexican economy contracted at alarming levels, and many companies struggled too, and this is where Carlos made a kill by buying these troubled assets at a low price and later reselling them at a profit which is a business strategy he has employed to date. His portfolio of companies grew to the tobacco company, equipment company, real estate, retail stores, mining companies, and others.
Some of the companies Carlos invested in are Empresas Frisco, Compania Hulera Euzkadi, Seguros de Mexico, British American Tobacco, The Hershey Company, Telmex telephone company, among others. He invested in everything in Mexico until there was nothing else to invest in and he decided to invest now in overseas.
Some of the companies Carlos invested in on overseas are Microsoft, CompUSA, OfficeMax, Cigatam tobacco company, New York Times Company, Ora TV, Telekom Austria, and many other companies.
Awards & Achievements
Such a man with such a business mind can only be awarded with the highest honorary degrees and medals from governments and higher institutions. Some of these awards are Entrepreneurial Merit Medal of Honor in 1985 from Mexico’s Chamber of Commerce., Honorary Doctorate in Public Service from George Washington University, The National Order of the Cedar by the Lebanese government, CEO of the decade in 2003, 2004 by Latin Trade magazine and Commander in the Belgian Order of Leopold II.
Net Worth of Carlos Slim
Carlos Slim net worth amounts to $65 billion. He is on the top 10 list of the world richest people placed at position six overall. At one time he was the richest person in the world, and he became the very first individual to clock $90 billion marks. His fortune as reflected on his massive net worth figures has been earned through his extensive holdings in various companies both in Mexico and overseas under his Conglomerate Grupo Carso. Carlos Slim Conglomerate includes sports, financial services, mining, real estate, retail, hotels, healthcare, high technology, construction, energy, media, and so many others. a
Carlos slim net worth has been a case of self-made fortune, and today he can fully fund some small countries GDP. What we can learn from this man and other billionaires such as Bill Gates, Mark Zuckerberg, Koch brothers, and others that if you want to get rich, you must invest and expand your investments to many other areas.