Carlos Slim

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Carlos Slim

• Shtefko Kraljevic
• Speaking Class

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Carlos Slim

• He was born in Mexico City in 1940.
• The second most rich person in the World
  (Fortune)?
• With a net worth of around U.S. 60 billion
  through his holdings.

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Carlos Slim

• His father, Julian, traveled from Lebanon to
  Mexico in 1902.
• He opened a small store in the south of Mexico
  City.
• Through hard work and shrewd investments he
  became a successful businessman.

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Carlos Slim

• Slim became an engineer at the National
  Autonomous University of Mexico. Known as UNAM.
• He helped his father on his family business until
  1965.

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Carlos Slim

• In 1965 he got married.
• In 1966 he established Grupo Carso, whose name
  combines the first two syllables of Carlos and
  Soumaya (his wife) and started to grow slowly
  until 1990.

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Carlos Slim

• During this time, Carlos, and his holding company
  had bought many campanies of all kinds including
  mines, real state, investments and insurance.
• He also found the Carso foundation which helps
  people from Mexico in many ways.

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Carlos Slim

• In 1990 his fortune was of about 10 millions.
• At year-end, the company wins the bid to acquire
  Telmex, after which Carso Global Telecom, the
  holding company for Telmex, is created. The brand
  Telcel is also created.

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Carlos Slim

• Slim took advantage of a Mexico's political
  problem and bought Seguros de Mexico, Mexico's
  largest insurer, for just 44 million.
• Slim knows very well how "putting together
  monopolies" can make real money.

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Carlos Slim

• His most famous and profitable company was
  created in 2000, America Movil.
• América Móvil wireless service operates in 16
  countries and provides phone service to more than
  137 million customers.

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Carlos Slim

• Change Indicators

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Carlos Slim
NET INCOME

• millions of dollars

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Carlos Slim

• Slim's holdings (Grupo Carso) include five
  insurance companies (valued at 1.5 billion), a
  Mexican retail chain (pretax annual profit, 500
  million), a mining company, an auto parts
  manufacturing company, a bank, a tobacco company,
  oh, and another mining company.
• Saks Fifth Avenue and CompUSA are some companies
  Slim owns in the USA.

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Carlos Slim

• Fundacion Carso will pursue its supporting
  program with an initial asset of 4 billion
  dollars, and will create three Carso Institutes
  Health, Sports and Education.
• This Foundation has already donated 100 million
  dollars in many countries in Latin America and
  the Caribbean.

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Carlos Slim

• In Latin America almost everything seems related
  to Carlos Slim. If you buy a car, a house, health
  insurance, a cup of coffee, or just use your cell
  phone, you are probably interacting with his
  business empire.

• When we decide to do something, we do it
  quickly
• Carlos Slim

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Carlos Slim

• References

• CarlosSlim.com
• Wikipedia.org
• Fortune.com
• Money.CNN.com
• AmericaMovil.com
• GrupoCarso.com