Carlos Slim Net Worth 2023 | Mexican Business Magnate Carlos Slim | Information Hub

  • 3 months ago
This video is about Carlos Slim Net Worth 2023
$101.9 Billion as of June 2023
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Carlos Slim Helú (Spanish pronunciation: [ˈkaɾlos esˈlin eˈlu]; born 28 January 1940) is a Mexican business magnate, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world by the Forbes business magazine. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. As of June 2023, Bloomberg Billionaires Index ranked him as the 11th-richest person in the world, with a net worth of $96 billion, and Forbes Real Time Billionaires, as of May 2023, ranked him as the 7th-richest person in the world, with a net worth of $100.8 billion, making him the richest person in Latin America.

Slim's corporate conglomerate spans numerous industries across the Mexican economy, including education, health care, industrial manufacturing, transportation, real estate, mass media, energy, hospitality, entertainment, technology, retail, sports and financial services. However, the core of his fortune derives from telecommunications, where he owns América Móvil (with operations throughout Latin America) and the Mexican carrier Telcel and ISP Telmex, a state-run-gone-private company which maintained a virtual monopoly for many years after Slim's acquisition. He accounts for 40% of the listings on the Mexican Stock Exchange, while his net worth is equivalent to about 6% of Mexico's gross domestic product. As of 2016, he is the largest single shareholder of The New York Times Company.

After graduating from university in 1961, Slim began his business career by starting off as a stock trader in Mexico, often working 14-hour days. In 1965, profits from Slim's private businesses and investments reached US$400,000, enabling him to start the stock brokerage house Inversora Bursátil. He also began laying the financial groundwork for his eventual conglomerate, Grupo Carso. In 1965, he also acquired Jarritos del Sur, a Mexican bottling and soft drink company. In 1966, worth US$40 million, he established Inmuebles Carso, a real estate agency and holding company.

Companies in the Mexican construction, soft drink, printing, real estate, bottling and mining industries were the initial focus of Slim's burgeoning business career. He later expanded his business operations and commercial activities by venturing into numerous industries across the Mexican economy including auto parts, aluminum, airlines, chemicals, tobacco, cable and wire manufacturing, paper and packaging, copper and mineral extraction, tires, cement, retail, hotels, beverage distributors, telecommunications and financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds and pension plans for millions of ordinary Mexicans).

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