Carlos Slim
Carlos Slim
Shtefko Kraljevic
Speaking Class
Carlos Slim
He was born in Mexico City in 1940.
The second most rich person in the World (Fortune)
With a net worth of around U.S. $60 billion through his holdings.
Carlos Slim
His father, Julian, traveled from Lebanon to Mexico in 1902.
He opened a small store in the south of Mexico City.
Through hard work and shrewd investments he became a successful businessman.
Carlos Slim
Slim became an engineer at the National
Autonomous University of Mexico. Known as
UNAM.
He helped his father on his family business until
1965.
Carlos Slim
In 1965 he got married.
In 1966 he established Grupo Carso, whose name combines the first two syllables of Carlos and
Soumaya (his wife) and started to grow slowly until
1990.
Carlos Slim
During this time, Carlos, and his holding company had bought many campanies of all kinds including mines, real state, investments and insurance.
He also found the Carso foundation which helps people from Mexico in many ways.
Carlos Slim
In 1990 his fortune was of about 10 millions.
At year-end, the company wins the bid to acquire
Telmex, after which Carso Global Telecom, the holding company for Telmex, is created. The brand
Telcel is also created.
Carlos Slim
Slim took advantage of a Mexico's political problem and bought Seguros de Mexico , Mexico's largest insurer, for just $44 million.
Slim knows very well how "putting together monopolies" can make real money.
Carlos Slim
His most famous and profitable company was created in 2000, America Movil.
América Móvil wireless service operates in 16 countries and provides phone service to more than
137 million customers.
Carlos Slim
Change Indicators
1990 2000 2006
% of line failure
% of same day line repairs
14 2 1
50 72 98
Average wait time for installation 717 51 13
Carlos Slim
NET INCOME
2006 2007
AMERICA MOVIL 79610 52917
MOVISTAR 9231 8125 millions of dollars
Carlos Slim
Slim's holdings (Grupo Carso) include five insurance companies (valued at $1.5 billion), a
Mexican retail chain (pretax annual profit, $500 million), a mining company, an auto parts manufacturing company, a bank, a tobacco company, oh, and another mining company.
Saks Fifth Avenue and CompUSA are some companies Slim owns in the USA.
Carlos Slim
Fundacion Carso will pursue its supporting program with an initial asset of 4 billion dollars, and will create three Carso Institutes: Health, Sports and
Education.
This Foundation has already donated 100 million dollars in many countries in Latin America and the
Caribbean.
Carlos Slim
In Latin America almost everything seems related to
Carlos Slim. If you buy a car, a house, health insurance, a cup of coffee, or just use your cell phone, you are probably interacting with his business empire.
“When we decide to do something, we do it quickly”
Carlos Slim
Carlos Slim
References
CarlosSlim.com
Wikipedia.org
Fortune.com
Money.CNN.com
AmericaMovil.com
GrupoCarso.com
