Meet the man whose net worth is bigger than Adani's but not more than Mukesh Ambani's. How did this civil engineer become so wealthy?
New Delhi: According to the Bloomberg Billionaires Index, Carlos Slim, a Mexican billionaire, is ranked between gautam adani and mukesh ambani of India. With a net worth of USD 85.4 billion, Carlos Slim is the richest person in Latin America. On the global billionaire list, he is ranked 18th, one place above adani and one place below Ambani. The largest mobile phone provider in Latin America, America Movil, is primarily owned by Carlos Slim. The business made USD 46 billion in revenue last year. We will examine Slim's professional journey in this essay.
Everything you should know about Carlos Slim Helú: He was born in mexico City in 1940, and his parents were immigrants from lebanon who had made mexico their home. •He began his construction company, Inmobiliaria Carso, at the age of 25 after graduating with a degree in civil engineering from the National Autonomous university of Mexico's school of Engineering in 1961.Slim made significant investments in industries like mining, tobacco, and copper during Mexico's economic crisis in the 1980s.He purchased the Sanborn Hermanos restaurant and store chain in the 1990s. He also acquired Grupo Condumex, a producer of wire and fiber-optic cables, and Telmex, a state-owned telecommunications company, at about the same time.
In an interview, Slim stated that he had always wanted to start his own business and help his father out. Slim's father taught him the basics of business at a young age, including accounting, management, and finance. Slim was first exposed to compound interest when he made his first government savings bond investment at the age of eleven. He bought his first Mexican bank stock when he was twelve years old. Slim's father passed away tragically when he was 13 years old, leaving him to take charge of the family business. He studied economics and civil engineering to gain a deeper understanding of the complexities of business.