Thursday, March 11, 2010

Carlos Slim Helú, the richest man




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The World's Billionaires
#1 Carlos Slim Helu & family03.10.10, 06:00 PM EST

Telecom tycoon who pounced on privatization of Mexico's national telephone company in the 1990s becomes world's richest person for first time after coming in third place last year.

AP Photo
Net Worth: $53.5 bil
Fortune: Self Made
Source: telecom
Age: 70
Country Of Citizenship: Mexico
Residence: Mexico City
Education: Universidad Nacional Autonoma de Mexico, Bachelor of Arts / Science
Marital Status: Widowed, 6 children



Telecom tycoon who pounced on privatization of Mexico's national telephone company in the 1990s becomes world's richest person for first time after coming in third place last year. Net worth up $18.5 billion in a year. Recently received regulatory approval to merge his fixed-line assets into American Movil, Latin America's biggest mobile phone company. His construction conglomerate, Impulsora del Desarrollo y el Empleo, builds roads and energy infrastructure. Son of a Lebanese immigrant also owns stakes in financial group Inbursa, Bronco Drilling, Independent News & Media, Saks and New York Times Co. Newspaper outfit's stock popped in early March on talk he might buy a controlling stake; he denies the rumor. Donating $65 million to fund a research project in genomic medicine with American billionaire philanthropist Eli Broad.


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1 comment:

How to Buy a Business said...

Carlos Slim is definitely old school. He's of the tried and true "guerrilla billionaire" strategy: buy lots of businesses and either keep them for the cash flow or fix 'em up and sell them. The goal is to make money off a lot of deals instead of a killing on just one.