Carlos Slim Net Worth

Carlos Slim Helu is the honorary chairman of America Movil and Grupo Carso, and one of the most successful businessmen in Latin American history. Born in Mexico City to Lebanese immigrant parents, Slim demonstrated extraordinary business acumen from childhood, buying shares in a Mexican bank at age 12. Through decades of shrewd investing, he built a vast business empire spanning telecommunications, banking, construction, mining, retail, and media that has made him the wealthiest person in Latin America.

Slim's most transformative business achievement was his acquisition and transformation of Telmex, Mexico's national telephone company, when it was privatized in 1990. He modernized the aging infrastructure, expanded service dramatically, and used Telmex as a platform to build America Movil, now the largest telecommunications company in Latin America with operations in 25 countries and over 300 million mobile subscribers. His ability to see value where others saw risk, particularly during economic crises, has been the hallmark of his investment philosophy.

Known for his disciplined value investing approach and remarkable capital allocation skills, Slim has often been compared to Warren Buffett. His conglomerate Grupo Carso encompasses interests in construction, real estate, retail, mining, and hospitality. Through the Carlos Slim Foundation, he has invested billions in education, healthcare, sports, and cultural programs across Mexico and Latin America, including the Soumaya Museum — a stunning architectural landmark in Mexico City housing his extensive art collection, offered free to the public.