Carlos Slim: The Richest Man in the World 2011

Carlos Slim Helu

Carlos Slim Helu

The Richest Man in the World 2011. In 2011, Carlos slim is once again listed as the richest billionaire according to Forbes Magazine with an estimated $74 billion wealth. He holds Bill Gates down for the second time with his successful mining spinoff of his Grupo Carso. Last year, he claimed the first position of richest man in the world with $53.5 billion last year. This year, the Telecom mogul retains his position with steep increase on its wealth on $74 billion as a result of Mexican stock market growth and stronger Peso.

Entering into business world as young as a 12-year-old boy by buying shares of a Mexican bank, Carlos Slim definitely climb his way steadily to the top. Starting his business from real estate, construction, and mining industry, Carlos Slim acquired seven companies of these fields in 1972 and bought 60% share of a printing company. He then established Grupo Carso (a combination of Carlos and Soumoya, his wife’s first name) as the umbrella of all his businesses in construction, food, industry, mining, retail, and tobacco.

The Richest Man in the World 2011

The Richest Man in the World 2011, When Mexican economy crashed in 1982 due to the rising of oil price, Carlos Slim bought a large percentage of many Mexican businesses including Reynolds Aluminio, General Popo, Bimex Hotels, and a food retailer named Sanborns. During that time also he managed to buy 40% of Mexican arm British American Tobacco.

His arrival in finance business was marked with the buying of Seguro de México. Following this first installment, he is capable of buying Fianzas La Guardiana and one of Grupo Financiero Inbursa’s companies Casa de Bolsa Inbursa.

The Richest Man in the World 2011

The Richest Man in the World 2011

The turn of his fortune came in 1990 when he collaborated with Southwestern Bell Corporation and France Télécom to buy the Mexican government’s landline phone company, Telmex. Right from this point, there is no turning back for Slim. He continued to establish and acquire shares in telephone companies. He was the one who built Telmex USA and got the shares of Tracfone.

The Richest Man in the World 2011 Journey

The Richest Man in the World 2011, In 2000, América Telecom was established as the holding company for América Móvil. Also in 2000, the company joins in a venture with Microsoft to create a portal called ProdigyMSN.

Carlos Slim Companies

Slim was appointed as the vice-president of Mexican Stock Exchange. The Mexican Association of Brokerage Houses also entrusted him with the position of president for the association. Slim also wrote down a history when he took office as the first president of Latin-American Committee in the New York Exchange.

The Wall Street Journal made Carlos Slim a cover story in 2007 when he overtook Warren Buffet’s position as second richest person in the world and rumored to had overtaken Gates’ no.1 position too. After that other reputable economic magazines such as Forbes and Fortune also featured him in their magazines as the new phenomenon who broke the tradition of richest man being an American for 16 years.

The Richest Man in the World 2011 in the World Video by Forbes

Carlos Slim is also known as a great philanthropist. He founded Fundación Carlos Slim Helú in 1986 followed by a broad-ranging philanthropic foundation, Fundación Telmex in 1995. Carlos Slim also announced to build a Carso Institution for Health, Sports, and Education as a partnership plan with former US president Bill Clinton. Carlos Slim has a great concern on sports world and therefore established Copa Telmex, an amateur sport tournament which had been awarded as the sport tournament with the most participants in the world in 2007 and 2008. Through Fundación Carlos Slim Helú, Slim invest over $250 million in various Mexican sports programs to help improve the country’s sports achievement. The sports programs supported by the foundation vary from the grass-root level programs to the Olympic standard sports programs. In professional sports, Slim’s interest on sports was shown by his interest in buying the Honda team in Formula One. Telmex eventually becomes a sponsor of Sauber F1 team.

The Richest Man in the World 2011 in the World Carlos Slim

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The Richest Man in the World 2011 Carlos Slim is also an art fan. He has the most extensive Rodin and Dali paintings which are preserved in Museo Soumaya, a museum funded by Fundación Carlos Slim Helú, in Mexico City. The museum also keeps many religious artworks from colonial times. Recently he opened a museum for his art collection where everyone can enter without paying any submission fee.

Many people have raised criticism on Slim’s growing fortune and questioned about how a country with only $14,500 per capita income like Mexico can produce a billionaire mogul like Slim. Many have accused him of being a monopolist and present Telmex which operates 90% of Mexican landline telephone market as the proof. A professor from Universidad Nacional Autónoma de México pointed out that Slim’s domination has prevented small business in Mexico to grow which then causes job lacking in Mexican society.

The Richest Man in the World 2011 Award

The Richest Man in the World 2011 Carlos Slim has been awarded an Entrepreneurial Merit Medal of Honor by Mexico’s Chamber of Commerce. The Lebanese government also awarded him with the National Order of the Cedar in 2008 for his philanthropy.

Carlos Slim Biography Summary

Born January 28, 1940 (age 71)
Mexico City, Mexico
Residence Mexico
Nationality Mexican
Ethnicity Lebanese
Alma mater Universidad Nacional Autónoma de México
Occupation Chairman & CEO of Telmex,América Móvil and Grupo Carso
Known for World’s wealthiest person (2011), (2010), (2007)
Net worth increase US$74 billion (2011)
Religion Maronite Christian
Spouse Soumaya Domit (m. 1967–1999)
Children Carlos
Marco Antonio
Patrick
Soumaya
Vanessa
Johanna
Parents Julián Slim Haddad (deceased)
Linda Helú

Now in 2011 Carlos Slim is The Richest Man in the World 2011.

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