Carlos Slim | Mexican business magnate | Biography In English |

 

Carlos Slim he is an entrepreneur he was born in Mexico City Mexico on January 28 1940 his father's name was Julian's limited and his mother's name was Linda hello Etta 

his father was a successful dry goods business owner slim and his siblings were taught business from an early age by their father and by the age of 12 slim bought chairs in a Mexican bank although his father died in 1953 slim continued to work in his business until

he was 17 he attended the National Autonomous University of Mexico to study civil engineering he also taught algebra and linear programming while at school and went into business immediately after graduating working from the strong business foundation built by his father Slim began his own career as a trader in Mexico and soon went on to start his own

brokerage that invested in individual businesses by 1965 his capital had grown big enough that he was incorporating other companies or buying them outright by 1966 he was already would be worth an estimated United States forty million dollars and growing although his early career saw him investing in many different individual businesses his main focus was construction mining and real

estate and he continued to acquire businesses in those fields slim married Somali adamant in 1967 and the couple had six children together during the 1970s he continued growing his empire by establishing and purchasing companies in various industries by 1980 he had unified as various interests into the parent company grupo geillis which brought all of his holdings together in 1982 the falling prices of oil 

caused the mostly oil-based economy of Mexico to suffer and collapse as banks became nationalized and the value of the Mexican currency peso plummeted during the next few years of economic downturn Slim increased his acquisition efforts and gained large shares in the Mexican branches of international companies including a 50% share in the Hershey Company in 1990 his conglomerate 

grupo Carso became a public company worldwide this is also the year that he began extending his influence into telephone communications working with France Telecom and the Southwestern Bell Corporation to buy the phone company Telmex from the Mexican government this was the start of what would end in an almost complete takeover of the nation's land line and eventually mobile

phone service after decades of purchasing the Mexican branches of many international companies Slim's interests began to reach beyond Latin America he developed a United States branch of his phone company Telmex and also purchased stake in Trek Fionn a united states-based mobile company he also underwent heart surgery and began to back away from the daily workings of his

business passing the reins to children and family members during the 2000s he continued to build his empire in the United States and Latin America buying and selling companies and increasing his stakes in his long-standing mobile phone and tobacco interests he invested in many diverse companies during this time including the New York Times Company Saks Fifth Avenue

and the airline valorous on 23 April 2014 slim gained control of his first successful European acquisition telecom Austria the company has already established mobile services in seven European countries and slim views it as an excellent opportunity to expand into the Central and Eastern European markets as of January 15th 2015 he became the largest individual shareholder in the new york times

company with a holding of 16.8% slim cashed in on loans given to the company when it was floundering at the beginning of the United States recession to acquire thes shares an inquisitive businessmen Slim has amassed a wide range of industries under his company grupo Carso Forbes magazine has named this billionaire the richest man in the world four times there are people who are good for letters and others that are good for numbers said Carlos Slim you.