Carlos SLIM HELU

Primary Position Founder Age 76
Primary Company Grupo Carso Birthday 28 Jan 1940
Estimated Net Worth At least $30.4 billion Residences Mexico City, Mexico City, Mexico
New York, New York, United States
Source Inheritance/Self-made
Hometown
Mexico City, Mexico City, Mexico
Religion Christian (Catholic)
Ethnicity Hispanic
Alternative Names Carlos Slim
Marital Status Widowed

Biography

Mexico City native and serial entrepreneur Slim Helu's father migrated from Lebanon to Mexico in the early 20th century and established himself in retail and real estate. Upon his death in 1953, control of his businesses was passed to his son Carlos Slim Helu. In 1961, Slim Helu earned a Bachelor's degree in Civil Engineering from the Universidad Nacional Autonoma de Mexico (UNAM). Upon graduation, Slim Helu founded investment company Inversora Bursatil, before acquiring bottling company Jarritos del Sur. He later set up real estate company Inmobiliaria Carso, predecessor to Grupo Carso. Through the 1960s and 1970s, Slim Helu founded and acquired various real estate, investment, leasing and printing companies and since the 1980s has also invested in industrial, real estate and commercial sectors. In 1982, during the Mexican debt crisis, Grupo Carso invested in diverse fields by acquiring Cigatam, Hulera El Centenario, Bimex, Hoteles Calinda and Reynolds Aluminio. Also purchased diversified financial services provider Seguros de Mexico, and formed Grupo Financiero Inbursa by integrating Casa de Bolsa Inversora Bursatil, Seguros de Mexico and Fianzas La Guardiana. By 1985, Grupo Carso had acquired a controlling stake in Artes Graficas Unidas and Fabricas de Papel Loreto y Pena Pobre, and a majority stake in Sanborns and its affiliate, Dennys. In 1986, Minera Frisco and Empresas Nacobre were acquired and later gained control of tire companies Euzkadi and General Tire. In 1990, Slim Helu took Grupo Carso's operations in heavy industry, services, retail and consumer goods public on the Mexican Stock Exchange. Grupo Carso also purchased a stake in Telmex in partnership with Southwestern Bell and France Telecom the same year. Telmex was later acquired by Grupo Carso's subsidiary America Movil. The Group also acquired CICSA, Condumex, Hoteles Calinda (OSTAR Grupo Hotelero), Nacobre, Sears, Sanborns and Promotora Musical. Slim Helu has also started a succession plan with his family, giving part of the control of Grupo Carso. Currently serves as Chairman of Minera Frisco and Carso Infraestructura y Construccion, Director of America Movil, Impulsora del Desarrollo y el Empleo en America Latina, Grupo Sanborns and Inmuebles Carso. He also co-founded on-demand digital television network, Ora.TV through America Movil. Shareholder of Elementia, The New York Times, Fomento de Construcciones y Contratas (FCC), Realia, Yacimientos Petroliferos Fiscales (YPF) and Atara Biotherapeutics. Also co-owns football teams Pachuca Club de Futbol, Club Leon, Real Oviedo and Estudiantes Tecos. Active philanthropist, heavily involved in Fundacion Carlos Slim, Instituto Carlos Slim de la Salud, Instituto Carlos Slim de la Educacion and Fundacion Telmex. Appears to reside in Mexico City, Mexico.

Education History

Institution Name Qualification Name Education Type Start Date End Date
Universidad Nacional Autonoma de Mexico (UNAM) Bachelor's degree Undergraduate 1961

Interesting Facts

In August 2014, Slim Helu reportedly introduced a campaign through the Fundacion Carlos Slim to integrate half a million immigrants into the U.S. workforce. It was also reported that 1.1 million people in the U.S. were eligible to receive work authorization under the program known as Deferred Action for Childhood Arrivals (DACA), a program intended to benefit undocumented immigrants who migrated to the country when they were children.
In February 2014, Ecuador's market regulatory authority, the SCMP, imposed a fine of more than $135 million, representing approximately 10% of America Movil's 2012 sales, on Conecel, an America Movil subsidiary. The fine was levied in response to Conecel's involvement in unfair competition, as determined by investigations conducted by the country's National Telecommunications Board in October 2012.
In November 2014, Slim Helu through his holding company Inversora Carso acquired a controlling stake of 25.6% in Barcelona, Spain-based construction company Fomento de Construcciones y Contratas (FCC). In March 2016, Inversora Carso, which had increased its stake in FCC to 36.6% over the period, reportedly launched a full takeover bid for the Spanish construction company.
Anthony Kennedy Shriver, Founder and Chairman of Best Buddies, which works to integrate individuals with intellectual and developmental disabilities into society, first met Slim Helu in the early 2000s when he and his mother, Eunice Kennedy Shriver, visited Mexico City. Recalling the initial meeting and the financial support he has since provided, Slim Helu said, "... captivated by his passion in supporting intellectually and physically impaired people. Now I feel very proud and enthusiastic in supporting Best Buddies' global and long-term efforts to provide mentors, jobs and leadership training to specially-needed persons. ... the present donation will help Best Buddies to achieve its ambitious and significant plans and goals for the coming next years." Best Buddies' Mexico office is housed in the Plaza Carso complex, headquarters of Slim Helu's Grupo Carso.
Slim Helu was a reported May 2014 recipient of the "2014 World Telecommunication and Information Society Award" from the International Telecommunication Union (ITU), a Switzerland-based information and communication technologies agency. He was recognized for his leadership and dedication in promoting information and communication technologies (ICT) development and broadband connectivity and also for his philanthropic contributions to social and cultural development.
The late Manuel Espinoza Yglesias, former owner of Mexican bank Bancomer, and Slim Helu's mentor, reportedly advised him not to avoid politicians nor to commit the mistakes Espinoza Yglesias did.
In 2010, Slim Helu bought a mansion on Manhattan's Fifth Avenue, New York, for $44 million. In May 2015, he listed the property for $80 million. In January 2016, the mansion was taken off the market for undisclosed reasons.
In July 2015, Slim Helu and Antonio del Valle Ruiz, the Chairman of Mexican construction company Elementia, reportedly raised more than $200 million in an initial public offering (IPO) of the construction company. It was reported that 51% of Elementia was controlled by Del Valle Ruiz and 49% by Slim Helu.
Slim Helu's name reportedly appeared, in the mid-1990s, on a list of suitable candidates for kidnapping which was maintained by the Spanish terrorist organization E.T.A. (Euskadi Ta Askatasuna); this revelation reportedly prompted him to implement strong security measures surrounding his daily movements.
In 2010, Slim Helu reportedly spoke at the American University of Beirut's Suliman S. Olayan School of Business on the topic "The New Civilization of Knowledge and Technology." He has also expressed an interest in investing in Lebanon.
Inducted into the Mexican Motorsport Federation (FEMADAC) Hall of Fame in December 2012 in recognition of his efforts to promote the sport. He has also been spoken of as the face behind the future of Formula One in Mexico.
In October 2014, Slim Helu and Anthony Kennedy Shriver, the Founder of non-profit organization Best Buddies, reportedly introduced the "I'm In to Hire" global campaign to highlight the benefits of hiring workers with disabilities, including conditions such as Down syndrome and cerebral palsy.
In February 2014, Slim Helu joined with the World Wide Fund for Nature and Mexico's Ministry of the Environment to support biodiversity protection strategies including efforts on behalf of monarch butterflies, which have become endangered as a result of unusual weather conditions and the disappearance of their natural habitat. The alliance between the World Wide Fund for Nature World and Telcel, a subsidiary of America Movil, was formed in 2003 to support forest conservation activities.
In 2011, Slim Helu announced plans to establish a non-profit organization in Lebanon with capital of $50 million. The foundation would provide access to information and communication technology services to the youth of Lebanon, preserve the heritage of Lebanese poet Gibran Khalil Gibran, and support various social and cultural initiatives.
Slim Helu has reportedly provided funds to pay bail for indigenous prisoners in Mexico.
On September 26, 2014, Atara Biotherapeutics, a California-based company which develops therapies for kidney disease and cancer, and in which Slim Helu's family trust owns a 9.3% stake, reportedly filed for an initial public offering (IPO) to raise $50 million. Proceeds from the IPO would be used for development, clinical studies and research of its drugs.
Used the first three letters of his first name and the first two of that of his late wife Soumaya to form the name of Grupo Carso.
The Slim Helu family financially and personally supports organ transplantation and has funded about 8,000 transplants. Through the Instituto de la Salud Carlos Slim of the Fundacion Carlos Slim, the family gives about $20 million a year to research and administrative costs regarding organ transplants. In 2008, Slim Helu's son, Patrick, was diagnosed with renal failure and received a kidney transplant donated by his brother, Carlos. Marco Antonio, Slim Helu's other son, reportedly received a kidney from his daughter, Vanessa. Slim Helu's wife, Soumaya, also suffered from kidney dysfunction and died in 1999 of renal failure.
According to an SEC filing in February 2015, Slim Helu and his family reduced their stake in Argentine energy company Yacimientos Petroliferos Fiscales (YPF) in 2014 by selling more than 10 million shares. It was reported that Slim Helu and his family directly and indirectly held about 22.1 million shares or about 5.6%.
In September 2014, former U.S. Secretary of State Hillary Clinton, along with Facebook CEO Mark Zuckerberg, football star Ronaldinho and actor Antonio Banderas attended Slim Helu's charity event to honor scholarship students.
In 2009, Slim Helu loaned $250 million to American media company The New York Times, part of which was repaid in 2011. In 2011, Slim Helu reportedly earned $122 million in annual interest and premium by redeeming the $250 million loan. The New York Times still owes additional shares worth $141 million to Slim Helu. He also increased his stake in The New York Times from 6.9% to 7.3%. In February 2014, Slim Helu reportedly announced plans to increase his stake in The New York Times to around 19% by the end of the year by exercising the warrants he obtained as a part of the loan made. Slim Helu reportedly owns stock warrants, which enable him to buy around 15.9 million shares of The New York Times. In January 2015, Slim Helu reportedly exercised the warrants and acquired 15.9 million shares , which was estimated to be worth about $101 million, making him the largest holder with 27.8 million of Class A shares or 16.8% of the media company.
Since 2011, his extensive art collection, worth $700 million, has been housed in Mexico City's Museo Soumaya, named after his late wife who passed away in 1999. Slim Helu was ranked first among the "Top 200 Art Collectors" by ArtNews from 2012 to 2015.
Attributes his success in part to what he has learned from the work of American writer and futurist Alvin Toffler. Reportedly indifferent about his top position in the wealth ranking. He has explained sudden increases in his fortune by comparing it to fluctuations in the stock market. In August 2011, reportedly lost $8 billion in four days due to fluctuations in the value of his shareholdings.
In July 2014, during a press conference in Paraguay, Slim Helu claimed there is a need for "radical change" in the way people approach their work lives. He suggested working only three days a week and 11 hours a day can improve their quality of life. He also said that this would allow them to work past the age of 70, "With three work days a week, we would have more time to relax, for quality of life. Having four days (off) would be very important to generate new entertainment activities and other ways of being occupied."
In December 2014, in a vote of confidence, Slim Helu reportedly unveiled plans to invest nearly $4 billion in Mexico in 2015. It was reported that Slim Helu was planning investments in sectors such as telecommunications, infrastructure, energy, real estate, retail, construction and mining, all of which are key components of his business empire.
In March 2014, Claro Americas, a subsidiary of Slim Helu's America Movil, won a portion of the 700 MHz band offered to mobile providers in an auction by the Chilean government. Claro paid approximately $700,000 for two 10 MHz blocks of the spectrum, while competitors Entel paid $12.3 million for 2 x 15 MHz; and Telefonica, $7.5 million for 2 x 10 MHz.
In October 2014, Slim Helu was honored by New York City-based Friars Foundation for his philanthropic work.
The $23 billion increase in Slim Helu's fortune in 2006 was not controversy-free given Telmex then controlled 90% of the Mexican landline telephone market and his personal fortune accounted for 7% of Mexico's annual economic output, in a country where 50% of the population live in poverty.
Reportedly received his first business lessons during his childhood, wherein his father gave each of his children a savings passbook with their weekly allowances which made them learn how to manage their income and expenses.
In June 2014, Slim Helu inaugurated Acuario Inbursa, Mexico City's first and the country's largest aquarium, with 230 species and 5,000 marine specimens. Constructed at a cost of $20 million, it is situated across the street from the Museo Soumaya at Plaza Carso, headquarters of Grupo Carso, which was opened in March 2011.
Spanish and Mexican media in early 2009 cited evidence of a confirmed friendship and rumored romance between Slim Helu and Queen Noor of Jordan, widow of King Hussein. The couple reportedly spent time together at sites worldwide, including Madrid, Gstaad, Italy, Vail, New York and the Dominican Republic. The reports pointed out that their respective spouses, Slim Helu's late wife Soumaya and Hussein of Jordan, died within one day of each other in February 1999. A previous, unconfirmed report asserted the existence of a romance between Slim Helu and Mexican actress Blanca Guerra, which was by one account accompanied by tentative plans for marriage, until the plans were scuttled by Slim's children.
In October 2014, Slim Helu and Facebook CEO Mark Zuckerberg were reportedly in talks to form a philanthropic partnership to provide Internet access to every person on the planet.
In February 2014, America Movil refused to join the Internet.org initiative by American online social networking service provider Facebook and other technology companies such as Ericsson, Nokia, and Samsung, which aimed to provide internet-related services at an affordable price for everyone, as the company had already collaborated with Facebook for a similar purpose.
In January 2014, Slim Helu announced plans to consolidate the stake of America Movil and that of his family foundation in Vienna, Austria-based Telekom Austria, which would increase Carso Global Telecom's stake in the European company to more than 26% from its previous stake of over 23%, which is to be held by Carso Global Telecom, the European subsidiary of America Movil. In February 2014, the Austrian government agreed to America Movil's plan to acquire Telekom Austria. The terms of the deal call for the Republic of Austria to hold a 25% stake in Telekom Austria. In November 2014, Slim, who holds a 59.7% stake in Telekom Austria through America Movil, made known his plans to invest an additional $750 million in the company.
In 2003, Slim Helu reportedly hosted a secret three-day gathering, "Latin American Businessmen: An Encounter Between Fathers And Sons." According to media reports, the event was aimed at fostering greater collaboration among Latin America's business elite and promoting the importance of family businesses. The event appears to be held annually, but its locations and identities of participants remain unpublished.
Appears to have had heart surgery in 1997.
Slim Helu has said, "Poverty isn't solved with donations. The establishment of businesses is more beneficial to society than going around like Santa Claus." Reportedly not influenced by criticism, "When you live for others' opinions, you are dead. I don't want to live thinking about how I'll be remembered."
Slim Helu has received numerous awards including the "President's Medal" from George Washington University in 2009, the "WBC Humanitarian Prize" in 2011 from the World Boxing Council, "Industrialist of the Year 2007", "Real Estate Developers Association Award" in 2004, "Life Achievement Award" by the World-Wide Association of Mexicans Abroad (AMME) in 2006, "Industrialist of the Decade (Latin Trade 2004)", "Hadrian Award New York" in 2004 by the World Monuments Fund, "Golden Plate Award" by the American Academy of Achievement in 1994, "Medal of Honor" from the National Chamber of Commerce in Mexico City, the "Lebanese Gold Order of Merit" in 2010, the "Honorific Citizen Award" by the Jezzine Municipal Government of Lebanon and the "Clinton Global Citizen Award" by former U.S. President Bill Clinton in 2012. In 2008, Slim Helu was awarded "The National Order of the Cedar in Grade of Grand Officer" by the Embassy of Lebanon in Mexico for his philanthropic endeavors.

Interests, Passion, Hobbies

Hobby Name Description
Vehicles - Cars Owns several cars including a Mercedes and a Bentley Continental Flying Spur. Slim Helu reportedly drives his own car to work and is followed by a group of bodyguards.
Sports - Football/Soccer Reportedly enjoyed playing football in his youth; holds ownership stakes in several football teams.
Music Believed to be a fan of "Los Bukis," a Mexican band from the 1970s. Produced one of singer Tania Libertad's albums after having listened to her singing at one of his daughter's wedding.
Finance - Investment Received his business lessons early in childhood, when he and his siblings received savings passbooks from their father to keep a record on their weekly allowance in order for them to learn to manage their income and expenses. Opened his first checking account and bought shares in Banco Nacional de Mexico when he was 12 years old.
Art Established the eponymous Museo Soumaya in Mexico City in honor of his late wife. Slim Helu's favorite works reportedly include Rodin's "The Thinker" and Rufino Tamayo's "Naturaleza Muerta". An artwork, "Valley of Mexico as seen from the Hacienda de los Morales" by Conrad Wise Chapman is displayed at his Grupo Financiero Inbursa office. Slim Helu's artistic interests include works by the old Masters, pre-Columbian art and Mexican colonial and modern art. He is also an Art Patron at The Mokbel Art Collection and a Director of Fundacion para las Letras Mexicanas.
Aviation Grupo Carso's affiliate Aerofrisco reportedly owns a Gulfstream G550 with registration number XA-ATL which he uses to visit his friends in Spain. Slim Helu reportedly leased a Gulfstream G-II from International Air Response through Telmex in 2008. Reportedly prefers to travel via a Telmex-owned helicopter.
Education Reportedly taught algebra and linear programming while studying for his Bachelor's degree at Universidad Autonoma de Mexico.
Smoking - Cigars Reportedly keeps Cuban cigars in his office.
History Reported to have a passion for history; serves as Chairman of Consejo Consultivo de Restauracion del Centro Historico, which was founded in 2000 with the aim of rescuing and revitalizing Mexico City's historic downtown area.
Family Members of the Slim Domit family appear to be very close; Slim Helu reportedly discusses business with his children and their spouses during dinner at his house every Monday.
Outdoors - Nature In 2009, the Fundacion Carlos Slim, where Slim Helu serves as Chairman, invested $100 million with the World Wildlife Fund towards the conservation of Mexico's natural environment.
Sports - Baseball Known to be a baseball fan; was once photographed wearing a New York Yankees polo shirt, apparently returning from a Yankees game via New York City's subway. Has also written several articles about the sport. His knowledge of the game is reportedly so extensive that when, in a friendly discussion with Boston sportswriter Dan Shaughnessy in 2011 about the five best pitchers of all time, Shaughnessy named Sandy Koufax, Slim Helu disagreed, saying "[Koufax] only had nine good seasons. I go with Satchel Paige and Grover Cleveland Alexander for [the remainder of] my top five."

Philanthropy

Giving Profile
Generous philanthropist supports primarily health, education, sports and arts. In 1989, Slim Helu established the Fundacion Carlos Slim; in 2012 the foundation had more than $3 billion in assets and total giving exceed $15 million. In 2012, the Fundacion Carlos Slim donated $3 million for the expansion of broadband internet services for Latino families in the U.S. Slim Helu endowed the foundation with $2 billion from dividends earned in 2006 and another $2 billion in 2010. The Fundacion Carlos Slim invested $100 million with the World Wildlife Fund towards the conservation of Mexico's natural environment. In 2010, the Fundacion Carlos Slim together with the Bill & Melinda Gates Foundation, the Government of Spain, and the Inter-American Development Bank launched the Salud Mesoamerica 2015 Initiative, which aims to reduce gaps in the quality of healthcare faced by the poorest 20% of the population in southern Mexico and Central America. The Fundacion Carlos Slim also gave $100 million to the ALAS Foundation to support programs for children. Fundacion Carlos Slim's $100 million gift to the Clinton Giustra Sustainable Growth Initiative, which enables 50,000 additional cataract surgeries in Peru, strengthens small businesses and creates jobs in Colombia, and supports education in Mexico. In 2007, Slim Helu established the Instituto Carlos Slim de la Salud; in 2012 the foundation had more than $400 million in assets; total giving exceeded $19 million. In 2011, the Instituto Carlos Slim de la Salud donated $2 million to Fundacion Mexicana de la Salud, which supports healthcare. Also in 2007, Slim Helu established the Instituto Carlos Slim de la Educacion; in 2011 the foundation had more than $1 million in assets. The foundation supports education. Up to 2015, Fundacion Telmex, where Slim Helu serves as President, donated computer equipment to nearly 740 institutions and more than 433,000 bicycles were donated to the program "Ayudame a llegar". The foundation has sponsored approximately one million surgeries, nearly 8,000 organ and tissue transplants, and 17,000 male and female football teams participating in Telmex sponsored tournaments as well as providing 28,000 tons of humanitarian aid. In 2013, Slim Helu, through his foundation, pledged approximately $300 million to help in the translation of thousands of Khan Academy online classes into Spanish and help set up online classes about Mexican history on the academy's website. In April 2013, Slim Helu reportedly announced that his foundation will donate $100 million to the Global Polio Eradication Initiative (GPEI), a Bill Gates-backed effort to eliminate polio. In October 2013, Slim Helu reportedly donated $74 million to the Broad Institute in aid of biomedical research for the benefit of the people of Latin America.

Clubs & Boards

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Known Associates

Total known associates: 70. Total known associates net worth: $192.6 billion. To view details, sign up for Wealth-X Professional or Contact Us.

Family Details

Political Interests

Party Affiliation Unknown Political Profile Does not appear to support any particular Mexican political party or philosophy; his personal political beliefs are unclear. Slim Helu appears to have donated to the campaigns of the former President of Mexico, Vicente Fox of the Partido Accion Nacional (PAN), and to his rival Francisco Labastida Ochoa, of the Partido Revolucionario Institucional (PRI).