Wednesday 21 May 2014

Carlos Slim Helú, World Richest Man

Born January 28, 1940 Mexico City, Mexico
Residence Mexico
Nationality Mexican
Education Civil Engineering
Alma mater Universidad Nacional Autónoma de México
Occupation  Chairman & CEO of Telmex, América Móvil and Grupo Carso
Known for World's wealthiest person (2007, 2010, 2011, 2012)

Net worth US$ 69 billion (2012)
Parents        Julián Slim Haddad (deceased);Linda Helú
Slim was born in Mexico City, Mexico in 1940 to Maronite Christian parents Julián Slim Haddad and Linda Helú, both of Lebanese descent.Carlos Slim's mother, Linda Helú, was born in Parral, Chihuahua, of Lebanese parents who had immigrated to Mexico in the late 19th century. Her parents upon immigrating to Mexico had founded one of the first Arabic language magazines for the Lebanese-Mexican community,

using a printing press they had brought with themSlim and his siblings were taught basic business practices by their father, and at the age of 12, Slim bought shares in a Mexican bank. At the age of 17, he earned 200 pesos a week working for his father's company. He went on to study engineering at the National Autonomous University of Mexico, while simultaneously teaching algebra and linear programming there. Slim began his career as a trader in Mexico. He would go on to form his own brokerage firm -- a firm that later expanded to invest in individual businesses, ranging from construction and manufacturing to retail and restaurants. On March 29, 2007, Slim surpassed Warren Buffett as the world's second richest person with an estimated net worth of $53.1 billion compared to Buffet's $52.4 billion.On August 4, 2007, The Wall Street Journal ran a cover story profiling Slim. The article said, "While the market value of his stake in publicly traded companies could decline at any time, at the moment he is probably wealthier than Bill Gates". According to The Wall Street Journal, Slim credits part of his ability to "discover investment opportunities" early to the writings of his friend, futurist author Alvin Toffler.On August 8, 2007, Fortune reported that Slim had overtaken Gates as the world's richest man. Slim's estimated fortune soared to $59 billion, based on the value of his public holdings at the end of July. Gates' net worth was estimated to be at least $58 billion.On March 5, 2008, Forbes ranked Slim as the world's second-richest person, behind Warren Buffett and ahead of Bill Gates.On March 11, 2009, Forbes ranked Slim as the world's third-richest person, behind Gates and Buffett and ahead of Lawrence Ellison.On March 10, 2010, Forbes once again reported that Slim had overtaken Gates as the world's richest man, with a net worth of $53.5 billion. At the time, Gates and Buffett had a net worth of $53 billion and $47 billion respectively. He was the first Mexican to top the list. It was the first time in 16 years that the person on top of the list was not from the United States. It was also the first time the person at the top of the list was from an "emerging economy."In March 2011, Forbes stated that Slim had maintained his position as the wealthiest person in the world, with his fortune estimated at $74 billion.
Slim has been vice-president of the Mexican Stock Exchange and president of the Mexican Association of Brokerage Houses. He was the first president of the Latin-American Committee of the New York Stock Exchange Administration Council, and was in office from 1996 through 1998. Slim was on the Board of Directors of the Altria Group (previously known as Philip Morris) until his resignation in April 2006. Slim was also on the Board of Directors of Alcatel. Slim currently sits on the Board of Directors for Philip Morris International. He was on the Board of Directors of SBC Communications until July 2004, when he quit to devote more time to the World Education & Development Fund, which is focused on infrastructure, health and education projects. In 1997, just before the company introduced its iMac line, Slim bought 3% of Apple Inc.'s stock.In 2008 it was reported that Slim had shown an interest in buying the Honda Formula One team. Telmex is sponsoring the Sauber F1 team for the 2011 season.
Slim was married to Soumaya Domit from 1967 until her death in 1999. Among her interests were various philanthropic projects, including the creation of a legal framework for organ donation. Slim has six children: Carlos, Marco Antonio, Patrick, Soumaya, Vanessa, and Johanna.

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