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Carlos Slim

Published on Nov 30, 2015

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PRESENTATION OUTLINE

Carlos Slim

Photo by ITU Pictures

born January 28, 1940) is a Mexican business magnate, investor, and philanthropist.From 2010 to 2013, Slim was ranked as the richest person in the world.The conglomerate comprises a diverse portfolio of businesses from a wide array of industries that include telecommunications, education, health care, industrial manufacturing, food and beverages, real estate, airlines, media, mining, oil, hospitality, entertainment, technology, retail, sports and financial services.

Photo by ITU Pictures

Business Career

  • After graduating from college in 1961, Slim began his career as a stock trader in Mexico, often working 14-hour days. In 1965, profits from Slim's private investments reached $400,000 ($2,998,336 in 2015 dollars), allowing him to found the stock brokerage Inversora Bursátil. In addition, he also began laying the financial groundwork for Grupo Carso. In 1965 he also bought Jarritos del Sur. In 1966, worth $40 million ($299,833,650 in 2015 dollars),he founded Inmobiliaria Carso.

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FAMILY

In 1990 he acquired Telmex, along with France Telecom of France and SBC Telecommunications of the US, the only company that provided fixed telephony services in Mexico (which administered the State until then). Carlos Slim bought Telmex during the privatizations of the then president Carlos Salinas de Gortari.