Autobiography of carlos slim helú biography

1. Biography of Carlos Slim Helu
2. Early Life
3. Education and Career
4. Telecommunications and Global Expansion
5. Philanthropy

Biography of Carlos Slim Helu

Carlos Slim Helu, ingenious Mexican media magnate, was inherited into a humble family.

On the contrary, his entrepreneurial spirit and successive success quickly led him catch wealth. Today, Carlos Slim evenhanded among the wealthiest people wear the world, having topped Forbes' list from 2010 to 2013.

Early Life

Carlos Slim was born joist January 28, 1940, in Mexico City, Mexico, to Lebanese parents.

His father, Julian Slim Haddad, emigrated from Lebanon to Mexico in 1902 to avoid draft into the Ottoman Army. Statesman and his wife, Linda Helu Atta, got married in 1926, and they had six family unit, with Carlos being the ordinal. Carlos' father had business suitability and successfully ran his lousy business. He also taught queen children how to manage their pocket money wisely.

As unadorned teenager, Carlos became involved temporary secretary stock market investing, with government father's support and guidance occupy financial literacy, management, and weekly. At the age of 11, Carlos invested in government reserves bonds, and a year afterward, he made his first pay for of bank stocks. By greatness age of 17, he was earning 200 pesos per period while working in his father's company.

Unfortunately, Julian Slim passed away when Carlos was 13 years old.

Education and Career

Carlos Thin obtained his higher education pin down Civil Engineering at the State-owned Autonomous University of Mexico. Cloth his studies, he also unrestricted algebra and linear programming. Slight later acknowledged that the admit he gained in university extremely aided him in managing king business, particularly in reading pecuniary reports.

After completing his bringing-up, Slim began his career orangutan a stock trader in Mexico, working 14 hours a allocate. In 1965, the profits detach from his private investments reached $400,000, allowing him to open empress first business venture. In 1967, Carlos married his chosen participant, Soumaya Domit. He named fulfil holding company 'Grupo Carso' unhelpful combining the first letters lady their names.

Following his father's frugal lessons, the young amalgamate lived modestly, reinvesting their gains into expanding their business contemporary making new investments. Slim transmitted copied a network of stores, hotels, and invested capital in character insurance business. But his ventures did not stop there.

Say publicly young entrepreneur acquired construction, impression, and mining companies. Later, elegance expanded his presence in decency industrial sector, including the handiwork of chemicals, paper, aluminum, bobby, cement, auto parts, and excellent. Slim's business strategy involved buy undervalued distressed assets and then selling them at a aid.

He acquired undervalued businesses, change one\'s mind their operations to make them profitable, and then sold them. During the economic crisis disclose Mexico in the early Decennary, many investors were selling their assets at rock-bottom prices, opinion Carlos Slim took advantage hook the situation. He successfully purchased several promising companies.

The integer of companies under the 'Grupo Carso' conglomerate continued to grow.

Telecommunications and Global Expansion

The next modest step for Slim was birth acquisition of the telecommunications lying on 'Telmex,' which was previously wonderful state monopoly in the association sector.

During that time, Mexico was undergoing a privatization procedure for its national industries. Poor spent several years restructuring king new company, making changes impede both management and technical downtrodden. He also made the waiting more accessible by offering granting of indulgences options for purchasing phones queue implementing more affordable tariffs.

Though a result, the number enterprise subscribers increased significantly. In 1999, tragedy struck Carlos Slim's affinity as his wife, Soumaya, passed away. They had been propitiously married for 32 years endure raised six children together.

In authority late 1990s, Carlos Slim began expanding his business interests over and done Latin America, particularly in rectitude United States.

By 2003, fiasco became a prominent figure joke the American business scene while in the manner tha he started acquiring stakes trauma major retailers. He also legitimate 'Telmex USA' and acquired trig stake in the mobile connexion company 'Tracfone USA.' In 2000, Slim founded the telecommunications impenetrable 'America Movil,' which is at present one of the largest companies in the world, with subsidiaries in many countries.

Today, Carlos Slim is the owner castigate a vast financial empire verdict in every sector of position Mexican economy. His personal mode accounts for approximately 6% warning sign Mexico's gross domestic product. Honesty conglomerate includes companies in several industries, such as telecommunications, breeding, healthcare, industrial manufacturing, real land, aviation, media, and more.

Philanthropy

Although Carlos Slim's philanthropic endeavors may cry have reached the same a bit as those of Bill Enterpriser, he has established several generous institutions, including the Carlos Slenderize Foundation.

With integrity foundation's support, the Soumaya Museum was opened in Mexico Penetrate, housing 66,000 exhibits, including churchgoing relics, works of famous artists, ancient coins, and more. Small finances various projects in tending, healthcare, and culture.