Carlos Slim Helú: Big Winner in Wealthiests’ List Marathon Reaches $102 Billion

Carlos Slim Helú, Mexico’s wealthiest individual, has seen his fortunes soar, with a staggering net worth of $102 billion, marking a notable increase from $74 billion at his peak in 2011. Despite relinquishing the title of the world’s richest person from 2010 to 2013, Slim’s financial prowess remains unmatched, largely attributed to the remarkable performance of his industrial conglomerate, Grupo Carso.

Grupo Carso experienced a remarkable surge, witnessing a 60% increase in shares, bolstered by strategic investments exceeding $655 million in the energy sector. This surge solidified Slim’s position as Mexico’s richest person, with his family’s control over América Móvil, the largest mobile telecom firm in Latin America.

Slim’s journey to success began in 1990 when, in collaboration with foreign telecom partners, he acquired a stake in Telmex, Mexico’s sole phone company. Over time, Telmex became an integral part of América Móvil, contributing significantly to Slim’s expansive telecom empire.

Beyond telecommunications, Slim holds stakes in various sectors, including construction, consumer goods, mining, and real estate. Notably, he once held a 17% stake in The New York Times, further diversifying his portfolio.

A patron of the arts, Slim’s influence extends beyond business realms. The iconic Soumaya Museum in Mexico City, housing his extensive and eclectic art collection, was designed by his son-in-law, Fernando Romero.

With his family owning 76% of Grupo Carso, Slim continues to lead one of Latin America’s largest conglomerates, perpetuating his legacy as a visionary entrepreneur and a driving force in Mexico’s economic landscape.

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