Any guesses for the net worth of this Mexican business magnate? Carlos Slim is Mexico’s richest man and the 7th richest in the world (though he was richest globally from 2010-2013). I always wonder what these billionaires do with the enormous wealth they have. Do they eat gold, drink diamond and sleep on pearls? What are their lifestyles like? Do they play royalty in their dreamland? If you also wonder the same and want to know about the net worth of Carlos Slim in 2019 then keep reading the following article.
Early Life & Biography
Carlos Slim was born to Julian Slim Haddad and Linda Helu Atta in the year 1940. His birthplace was Mexico City, and both his parents were Catholic. He was interested in business since a young age and always wanted to be a businessman. His father taught him the nuances of finance, accounting, and management. When he was 11, he made an investment in a government saving bond and started making a ledger for all the economic transactions he did. The following year he purchased shares in the Mexican bank. By the age of 15, he was the shareholder in Mexico’s largest bank. He did civil engineering from the National Autonomous University of Mexico. After his engineering degree, he took courses in Economics in Chile.
Soumaya Domit and Carlos got married in 1967. Soumaya died in 1999. He has 6 children, and the eldest 3 are in key positions in his company. Despite being well versed technically, he uses notebooks to maintain his financial records instead of computers.
Career, Awards & Nominations
Carlos started his business at an early age due to his profound interest, and by now he has successfully established companies in mining, real state, tobacco, construction, soft drinks, hotels, cement, paper, telecommunications, etc. In the 1980’s when Mexico suffered a recession, he took advantage of the situation and bought businesses at depressed prices and sold them later on higher rates. Compania, British American Tobacco Mexican Arm, and The Hershey Company are few of the businesses he bought. When he purchased almost everything in Mexico, he started investing overseas. New York Times, Volaris, OfficeMax, CompUSA, etc. have been companies where he has invested. He has many feathers in his cap like the Entrepreneurial Merit Medal of Honor, which he received in 1985, Sorolla medal, CEO of the Year award, National Order of the Cedar, an Honorary Doctorate from Washington University and many others.
Net Worth & Earnings
In the past decade, Carlos has always been among the top 10 in the list of the wealthiest men in the world switching to different positions. He was settled in the first place in the list for 3 years from 2010. It was for the first time in 16 years that the top position was not occupied by someone from the US; instead, it was held by a person from a developing nation. Presently, his net worth is $58 billion. Inmobiliaria Carso is a real estate company owned by him. In 2014, he opened Imbursa Aquarium, which is Latin America’s largest aquarium. He also owns a Duke Seamans mansion which is spread over 20,000 sq. feet. It is a 1901 beaux art house in New York and was bought for $44 million in 2010. His purchased another house for $15.5 million. It is on lease since 2015 at the rate of $1.5 million annually.
Where there is a will, there is a way. We hear this, believe this, but no one other than Carlos has proved it better. His soul lied in business and funds, and he made it his world. The business empire he controls today is not just a gift of gab but the reward of hitting the iron when it was hot. It is the result of listening to his voice within and applying his intellect to excel there. Let’s hope time will again bring out examples like him and his wealth also keeps on increasing.