Carlos Slim Helu Biography - Profile |
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Carlos Slim Helu Biography (Carlos Slim Helú):
Communications businesses and Investments
Famous
for : Being the
richest man in Mexico and one of the richest men in the world according to the
Forbes business magazine.
Slim Helu details :
Born - January 28, 1940 Mexico City / Lives - Mexico
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Carlos
Slim Helu is a Mexican entrepreneur and businessman involved
in a varied group of companies that include telecommunications, retail, banking
and insurance, technology, and auto parts manufacturing businesses. He is the
wealthiest Mexican man, the richest Latin American, and one of the top ten richest
men in the world.
Carlos Slim Helú was born on the 28th of January,
1940 in Mexico City. His father Yusef Salim Haddad and mother Linda Helu were
of Lebanese decent. Carlos was the 5th of 6 children. He studied engineering at
the Universidad Nacional Autonoma de Mexico.
The financial success that
Slim Helu has achieved has been from finding undervalued companies and making
them profitable. Telefonos de Mexico (Telmex) was acquired during a privatization
period in 1990 of the Mexican government. Carlos was criticized for raising phone
call costs soon after purchasing the business, but he went on to improve phone
services in Mexico with the company offering local and long distance calls, mobile
phone services, Internet services, and a telephone directory.
"It's
not a question of arriving and putting in a whole new administration, but instead,
arriving and "compacting" things as much as possible, reducing management
layers. We want as few management layers as possible, so that executives are very
close to the operations. We also don't believe in having big corporate infrastructures."
Carlos Slim Helu
Carlos Slim Helu has been referred to as the "Warren
Buffett of Latin America", but he thinks of himself as an operator of
companies, rather than just an investor (like Buffett).
Even though
he has admitted to having very poor computer skills, he sees the Internet and
technology as a major growth area in his group of businesses. He owns the largest
Internet Service Provider (ISP) in Mexico and had one of the largest in the United
States of America with his acquisition of Prodigy. Slim also owns the major computer
retailer CompUSA, with more than 200 retail stores throughout the USA and Puerto
Rico.
"Technology is going to transform people's lives and society
everywhere in the world. My main task is to understand what's going on and try
to see where we can fit in." Carlos Slim Helu
In 2005 Forbes
business magazine estimated Carlos Slim Helu's net worth to be $23.8 billion American
dollars, making him the 4th
richest person in the world.
In 2006 Carlos Slim Helu was ranked as the
third
richest man in the world with an estimated $30 billion in assets.
In 2007
the Mexican billionaire remained in third position but increased
his wealth dramatically to an estimated $49 billion.
Update
: In June of 2007 it was reported that the wealth of Carlos Slim Helu
increased to an estimated $67.8 billion, making him the richest man in the world.
This puts Carlos Slim ahead of Warren Buffett and Bill Gates. Read more about
Carlos
Slim being the Richest Man in the World.
This Carlos
Slim Helu biography may not be reproduced online.
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Carlos Slim Helu Quotes |
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It's
not a question of arriving and putting in a whole new administration, but instead,
arriving and "compacting" things as much as possible, reducing management
layers. We want as few management layers as possible, so that executives are very
close to the operations. We also don't believe in having big corporate infrastructures.
Carlos
Slim Helu - Companies
- Management
- Improving
The key is the Internet. The United States is by far the most advanced country
in this new digital culture, so we have to be there. The Internet is the heart
of this new civilization, and telecommunications are the nervous system, or circulatory
system.
Carlos
Slim Helu - Technology
- Internet
- Growth
- American
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