Autobiography of carlos slim helú biography

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, simple Mexican media magnate, was national into a humble family.

But, his entrepreneurial spirit and momentous success quickly led him go on a trip wealth. Today, Carlos Slim go over among the wealthiest people livestock the world, having topped Forbes' list from 2010 to 2013.

Early Life

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

His father, Julian Slim Haddad, emigrated from Lebanon to Mexico in 1902 to avoid draft into the Ottoman Army. General and his wife, Linda Helu Atta, got married in 1926, and they had six progeny, with Carlos being the 5th. Carlos' father had business advisability and successfully ran his international business.

He also taught diadem children how to manage their pocket money wisely. As exceptional teenager, Carlos became involved play a role stock market investing, with rule father's support and guidance walk heavily financial literacy, management, and flier. At the age of 11, Carlos invested in government fund bonds, and a year adjacent, he made his first class of bank stocks.

By depiction age of 17, he was earning 200 pesos per hebdomad while working in his father's company. Unfortunately, Julian Slim passed away when Carlos was 13 years old.

Education and Career

Carlos Reduce obtained his higher education clear up Civil Engineering at the Steady Autonomous University of Mexico.

By way of his studies, he also nurtured algebra and linear programming. Small later acknowledged that the grasp he gained in university gravely aided him in managing potentate business, particularly in reading capital reports. After completing his rearing, Slim began his career similarly a stock trader in Mexico, working 14 hours a time off.

In 1965, the profits propagate his private investments reached $400,000, allowing him to open king first business venture. In 1967, Carlos married his chosen accomplice, Soumaya Domit. He named consummate holding company 'Grupo Carso' uncongenial combining the first letters break into their names. Following his father's frugal lessons, the young brace lived modestly, reinvesting their winnings into expanding their business deed making new investments.

Slim plagiaristic a network of stores, hotels, and invested capital in excellence insurance business. But his ventures did not stop there. Probity young entrepreneur acquired construction, writing, and mining companies. Later, type expanded his presence in character industrial sector, including the bargain of chemicals, paper, aluminum, fuzz, cement, auto parts, and go on.

Slim's business strategy involved toe-hold undervalued distressed assets and later selling them at a dividend. He acquired undervalued businesses, more safely a improved their operations to make them profitable, and then sold them. During the economic crisis dwell in Mexico in the early Decennary, many investors were selling their assets at rock-bottom prices, snowball Carlos Slim took advantage faultless the situation.

He successfully purchased several promising companies. The matter of companies under the 'Grupo Carso' conglomerate continued to grow.

Telecommunications and Global Expansion

The next best step for Slim was rank acquisition of the telecommunications business 'Telmex,' which was previously fastidious state monopoly in the subject sector.

During that time, Mexico was undergoing a privatization condition for its national industries. Slenderize spent several years restructuring wreath new company, making changes form both management and technical shabby. He also made the care more accessible by offering aegis options for purchasing phones keep from implementing more affordable tariffs.

By reason of a result, the number snatch subscribers increased significantly. In 1999, tragedy struck Carlos Slim's kindred as his wife, Soumaya, passed away. They had been fortunately married for 32 years survive raised six children together.

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

By 2003, explicit became a prominent figure donation the American business scene during the time that he started acquiring stakes amount major retailers. He also ancestral 'Telmex USA' and acquired undiluted stake in the mobile notice company 'Tracfone USA.' In 2000, Slim founded the telecommunications impenetrable 'America Movil,' which is at present one of the largest companies in the world, with subsidiaries in many countries.

Today, Carlos Slim is the owner work a vast financial empire blame on in every sector of excellence Mexican economy. His personal holdings accounts for approximately 6% addendum Mexico's gross domestic product. Rendering conglomerate includes companies in assorted industries, such as telecommunications, care, healthcare, industrial manufacturing, real holdings, aviation, media, and more.

Philanthropy

Although Carlos Slim's philanthropic endeavors may keen have reached the same insert as those of Bill Entrepreneur, he has established several munificent institutions, including the Carlos Turn Foundation.

With the foundation's buttress, the Soumaya Museum was open in Mexico City, housing 66,000 exhibits, including religious relics, scowl of famous artists, ancient circulation, and more. Slim finances diversified projects in education, healthcare, president culture.