Carlos Slim Net Worth 2023 | Mexican Business Magnate Carlos Slim

This video is about Carlos Slim Net Worth 2023 $101.9 Billion as of June 2023 #carlosslim #business #richestperson #americanactor #hollywoodactor #informationhub Subscribe for World informative Videos and press the bell icon Carlos Slim Helú (Spanish pronunciation: [ˈkaɾlos esˈlin eˈlu]; born 28 January 1940) is a Mexican business magnate, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world by the Forbes business magazine. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. As of June 2023, Bloomberg Billionaires Index ranked him as the 11th-richest person in the world, with a net worth of $96 billion, and Forbes Real Time Billionaires, as of May 2023, ranked him as the 7th-richest person in the world, with a net worth of $100.8 billion, making him the richest person in Latin America. Slim's corporate conglomerate spans numerous industries across the Mexican economy, including education, health care, industrial manufacturing, transportation, real estate, mass media, energy, hospitality, entertainment, technology, retail, sports and financial services. However, the core of his fortune derives from telecommunications, where he owns América Móvil (with operations throughout Latin America) and the Mexican carrier Telcel and ISP Telmex, a state-run-gone-private company which maintained a virtual monopoly for many years after Slim's acquisition. He accounts for 40% of the listings on the Mexican Stock Exchange, while his net worth is equivalent to about 6% of Mexico's gross domestic product. As of 2016, he is the largest single shareholder of The New York Times Company. After graduating from university in 1961, Slim began his business career by starting off as a stock trader in Mexico, often working 14-hour days. In 1965, profits from Slim's private businesses and investments reached US$400,000, enabling him to start the stock brokerage house Inversora Bursátil. He also began laying the financial groundwork for his eventual conglomerate, Grupo Carso. In 1965, he also acquired Jarritos del Sur, a Mexican bottling and soft drink company. In 1966, worth US$40 million, he established Inmuebles Carso, a real estate agency and holding company. Companies in the Mexican construction, soft drink, printing, real estate, bottling and mining industries were the initial focus of Slim's burgeoning business career. He later expanded his business operations and commercial activities by venturing into numerous industries across the Mexican economy including auto parts, aluminum, airlines, chemicals, tobacco, cable and wire manufacturing, paper and packaging, copper and mineral extraction, tires, cement, retail, hotels, beverage distributors, telecommunications and financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds and pension plans for millions of ordinary Mexicans). By 1972, he had established or acquired a further seven businesses in these categories, including a construction equipment rental company. In 1980, he consolidated his business interests by forming Grupo Galas as the parent company of a conglomerate that had interests in industrial manufacturing, construction, mining, retail, food, and tobacco. Slim earned windfall profits in the early 1990s when Mexican government began privatizing its telecom industry. With his conglomerate Grupo Carso, he acquired Telmex, a landline telephone operator from the Mexican government. In 1990, Grupo Carso was floated as a public company initially in Mexico and then worldwide. Grupo Carso also acquired majority ownership of Porcelanite, a tile making company in 1990. Later in 1990, Slim acted in concert with France Télécom and Southwestern Bell Corporation to purchase the landline telecommunications operator Telmex from the Mexican government, when Mexico began privatizing its national industries. Slim was an early investment backer in Telmex, as the cash flows and revenues of the company eventually formed the bulk of his private fortune. By 2006, Telmex controlled and operated 90 percent of the telephone lines in Mexico, and his wireless telecommunications company, Telcel, which was created out of the Radiomóvil Dipsa company, operated almost 80 percent of all the country's cellphones.