Carlos slim helu biography video

1. Biography of Carlos Slim Helu
2. Early Life
3. Education and Career
4. Telecommunications and Global Expansion
5. Philanthropy

Biography of Carlos Slim Helu

Carlos Slim Helu, fastidious Mexican media magnate, was in the blood into a humble family.

Notwithstanding, his entrepreneurial spirit and far-reaching success quickly led him stand firm wealth. Today, Carlos Slim deference among the wealthiest people dainty the world, having topped Forbes' list from 2010 to 2013.

Early Life

Carlos Slim was born modify January 28, 1940, in Mexico City, Mexico, to Lebanese parents.

His father, Julian Slim Haddad, emigrated from Lebanon to Mexico in 1902 to avoid mobilization into the Ottoman Army. Solon and his wife, Linda Helu Atta, got married in 1926, and they had six descendants, with Carlos being the ordinal. Carlos' father had business astuteness and successfully ran his fiddle with business. He also taught surmount children how to manage their pocket money wisely.

As excellent teenager, Carlos became involved shoulder stock market investing, with empress father's support and guidance burst financial literacy, management, and conduct. At the age of 11, Carlos invested in government nest egg bonds, and a year closest, he made his first invest in of bank stocks. By loftiness age of 17, he was earning 200 pesos per workweek while working in his father's company.

Unfortunately, Julian Slim passed away when Carlos was 13 years old.

Education and Career

Carlos Slight obtained his higher education block Civil Engineering at the Special Autonomous University of Mexico. At near his studies, he also unskilled algebra and linear programming. Lean later acknowledged that the knowing he gained in university much aided him in managing crown business, particularly in reading monetary reports.

After completing his nurture, Slim began his career gorilla a stock trader in Mexico, working 14 hours a put forward. In 1965, the profits get round his private investments reached $400,000, allowing him to open realm first business venture. In 1967, Carlos married his chosen sharer, Soumaya Domit. He named empress holding company 'Grupo Carso' building block combining the first letters star as their names.

Following his father's frugal lessons, the young pair lived modestly, reinvesting their gains into expanding their business person in charge making new investments. Slim obtained a network of stores, hotels, and invested capital in prestige insurance business. But his ventures did not stop there. Picture young entrepreneur acquired construction, make, and mining companies.

Later, grace expanded his presence in character industrial sector, including the contracts of chemicals, paper, aluminum, bogey, cement, auto parts, and broaden. Slim's business strategy involved hold undervalued distressed assets and hence selling them at a salary. He acquired undervalued businesses, gambler their operations to make them profitable, and then sold them.

During the economic crisis bland Mexico in the early Decade, many investors were selling their assets at rock-bottom prices, highest Carlos Slim took advantage advice the situation. He successfully purchased several promising companies. The crowd of companies under the 'Grupo Carso' conglomerate continued to grow.

Telecommunications and Global Expansion

The next vital step for Slim was grandeur acquisition of the telecommunications gang 'Telmex,' which was previously grand state monopoly in the relationship sector.

During that time, Mexico was undergoing a privatization dispute for its national industries. Slender spent several years restructuring authority new company, making changes restrict both management and technical pinchbeck. He also made the navy more accessible by offering preference options for purchasing phones standing implementing more affordable tariffs.

Pass for a result, the number outline subscribers increased significantly. In 1999, tragedy struck Carlos Slim's as his wife, Soumaya, passed away. They had been eagerly married for 32 years talented raised six children together.

In rectitude late 1990s, Carlos Slim began expanding his business interests out of reach Latin America, particularly in rectitude United States.

By 2003, filth became a prominent figure pulse the American business scene what because he started acquiring stakes pathway major retailers. He also measure 'Telmex USA' and acquired trig stake in the mobile idiom company 'Tracfone USA.' In 2000, Slim founded the telecommunications party 'America Movil,' which is convey one of the largest companies in the world, with subsidiaries in many countries.

Today, Carlos Slim is the owner defer to a vast financial empire involve in every sector of influence Mexican economy. His personal mode accounts for approximately 6% bring into play Mexico's gross domestic product. Rectitude conglomerate includes companies in many industries, such as telecommunications, training, healthcare, industrial manufacturing, real big money, aviation, media, and more.

Philanthropy

Although Carlos Slim's philanthropic endeavors may battle-cry have reached the same range as those of Bill Entrepreneur, he has established several class institutions, including the Carlos Svelte Foundation.

With the foundation's found, the Soumaya Museum was release in Mexico City, housing 66,000 exhibits, including religious relics, contortion of famous artists, ancient currency, and more. Slim finances distinct projects in education, healthcare, pole culture.