Carlos Slim Helu claims to be World’s third-richest. His personal fortune is equivalent to some 2% of Mexican GDP. He is telecommunications monopolist. His personal fortune is equivalent to some 2% of Mexican GDP. He is telecommunications monopolist. His Telemax owns 90% of Mexico’s fixed telephone lines; his Telcel has 90% of wireless market.
Carlos Slim Biography
With a net worth of $60-billion, Helu has some time reigned supreme as the second-richest man in the world.
Since the world’s number-one richest man, warren buffet, recently announced plans to give the majority of his fortune away. Carlos will be left as the king of all things money.
Carlos is jack of all trades, and seemingly a master at them all as well. His talent for marketing money is incredible and his holdings continue to grow at an astounding rate.
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Birth and parentage
Carlos Slim Helu was born on January 28, 1940. In Mexico city, Mexico. Carlos is not of Mexican descent; his parents were Lebanese immigrants: Yusef Dalim Haddad and Linda Helu. A young Carlos was the 5th of 6th children in the large family. He excelled in school and always remained dedicated to his studies. After high school, he wanted to study engineering and was accepted to the universal Nacional Autonoma de Mexico.
His strategy of gaming enormous wealth
Helu soon found that his talent for helping companies would make him extremely wealthy. He gained huge financial success by finding grossly undervalued companies and working to make them profitable.
His traffic is perfectly legal yet it is sometimes criticized in the business world as the “mob mentality.” in the practice, a person moves in to “help” the company and eventually takes a substantial piece of the action. This ha worked out extremely beneficial for both Helu and the companies involved.
The Mexican government went through a privatization period in 1990. Helu promptly took control of Telefones de Mexico (Telemex). He was immediately criticized for raising the prices soon after he had taken control of the company. Besides, he worked to improve the phone services in Mexico as well as offered local and long distance calls, internet services, mobile services, and a mobile directory.
Helu makes his money in the same way warren buffet makes his i.e. through sound investments; however, Helu prefers to think to himself as an operator of the companies instead of a mere investor.
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Helu at present
Helu owns Mexico’s largest internet services provider and even one of the largest in the united states. From 2006 to 2007 in a year, Carlos’ wealth jumped from an $30-billion to an $49- billion.
Helu has branched out and taken a slice of multiple industries, inclusive a 6.4% stake in the New York times company. It has resulted in his becoming the largest shareholder besides the Sulzberger family- the company’s owners. Helu is also a renowned philanthropist. The Latin American development fund which he heads has a budget of over $10 billion. It is used to fund various cultural projects all over Latin America.