How much is Carlos Slim worth?
| Net Worth: | $68.9 Billion |
|---|---|
| Date of Birth: | January 28, 1940 |
| Residence: | Mexico City, Mexico |
| Children: | 6 |
| Occupation: | Business Magnate, Investor & Philanthropist |
| Updated: | 2021 |
Introduction
Carlos Slim is a well-known Mexican business magnate and investor. A multi-billionaire is also a big-hearted philanthropist and is titled as one of the wealthiest people in the world by Forbes Business Magazine.
His extensive holding in a significant number of Mexican companies is the main reason for his whopping net worth and fortune. According to the Forbes listing of the world’s billionaire, he is titled as the 5th richest person in the world.
As of 2022, Carlos Slim net worth is approx $68.9 billion.
Early Life
Carlos Slim was born on January 2, 1940, in Mexico City. His parents are Julian Slim and Linda Helu Atta. He always knew about his passion and interest in the business and wanted to be a successful businessman.
At a very young age, he started to develop investment acumen and business. His main inspiration was his father Julian, from whom he learned the basic lessons, ethics of business, accounting, management, reading financial statements, and the practices which he still carries to this day.
He learned the concept of compound interest at the age of 11 years when he invested in government savings. He used to maintain all the records of financial statements and business transactions into a ledger book which he kept them safe to date.
At the age of 12, he purchased some shares in a Mexican band and made his first stock purchase. However, soon slim became a shareholder in Mexico’s largest bank. By the age of 17, he learned many basic terms of business and its practices. He used to earn 200 pesos weekly to grow his father’s company.
Slim attended a national autonomous university of Mexico to study civil engineering and also showed some interest in economics. He mainly gained the edge in the business world through the civil engineering background, mathematical ability, and linear programming skills.
Personal life and fortune
Carlos slim marries Soumya Domit in 1967 and welcomed six children including Patrick, Marco Antonio, Carlos, Soumaya, Vanessa, and Johanna. His fortune also gave rise to the family business and he acquired shares for his children too.
Slim is lucky enough to meet the most successful businessman and then he collaborated with them too.
In 2007, he surpassed the Warren Buffet a successful American investor as the world’s 2nd richest person with a net worth of 53.1 billion dollars.
In 2007, Slim had overtaken Bill Gates as the world’s richest person according to the report of Forbes magazine. The same year the Wall Street Journal also profiled Slim by running a cover story.
In 2008 he was ranked 2nd and in 2008 he was ranked the world’s 3rd richest person. Although in 2010, his net worth got double from 35 billion dollars to 75 billion dollars.
By 2019, his net worth was said to be around 58.1 billion dollars, which increased later. And now his net worth is around $68.9 billion.
Besides this, he owns a real estate holding company named Inmobiliaria Carso Develops which holds, invests and operates several commercial and residential properties.
Career
Carlos slim received his early training at a very young age by his father, who was also a successful businessman. He started his own business by his brokerage. He started investing in small businesses and gain experience. By 1965, he became mature enough to buy or incorporate other companies.
His business was mainly based on mining, construction, and real estate and grew his net worth to 40 million dollars by 1966.
Slim also unified his shares into a parent company called Grupo Galas. He expanded his business by investing in international companies during the drop in oil prices in 1982.
In 1990, he took control of the Mexican telephone company Telmex and developed it into the US version of Telmex. But after going through heart surgery, he assigned his daily work to his children.
However, he invested in the biggest companies in the world including Volaris, the Saks Fith Avenue, New York Times Daily, and Telekom Australia.
As of 2022, Carlos Slim net worth is estimated at $68.9 billion. Carlos Slim achieved great success at a very young age. He was once titled as one of the richest people too. His fortune is the main reason for his whopping net worth.
His extensive holdings and investments in various companies earned him a net worth of around 68.9 billion dollars by 2022.
Achievements
Carlos slim won numerous awards for his outstanding business skills.
He won entrepreneurial merit medal of honor from Mexico’s Chamber Of Commerce, Belgian Order Of Leopold II, CEO The Year and Decade By Latin Trade Magazine, the National Order Of The Cedar By The Lebanese Government, Sorolla Medal by the Hispanic Society of America, honorary doctorate by George Washington University.
Summary
Carlos Slim in one of the richest men in the world. His fortune and extraordinary skills made him the finest businessman of all time. He owns stakes in the world’s biggest companies which made him a multibillionaire.
As of 2022, Carlos Slim net worth is approx $68.9 billion.
