SchoolChalao

  • Helpline: +91-8058868746
  • Mail us: help@schoolchalao.com
  • LOGIN | REGISTER
    Tutorial Library

Learning Point

Carlos Slim Helu

Previous Next

Carlos Slim helu is the second richest person of the world. He was born on January 28, 1940 in Mexico City, Mexico. Now he is 76 years old.

Carlos Slim helu’s father is Julian Slim Haddad. His father is a successful dry goods business owner. Carlos Slim Helu’s mother is Linda Helú Atta. Carlos Slim helu is six brother and sister. At the age of 12 he started learning business from his father. He taught finance, management and accounting with his father. He teaches him how to read financial statement and he teaches him the importance of financial records.

When Carlos was 11 years old, he invested in a government savings bond that taught him about the method of compound interest. Carlos he made his first stock purchase, by purchasing shares in a Mexican bank when he was only 12 years old.  At the age of 17 years he earned 200 pesos a week working for his father's company. He went on to study civil engineering at the National Autonomous University of Mexico, where he also concurrently taught algebra and linear programming. He had an interest in economics. After the finished his engineering degree he took economics courses in Chile.

                                                                    school-chalao-charlosslimhelu image1

In 1965, profits from Slim's private investments reached US$400,000, allowing him to start the stock brokerage Invertor Bursátil In addition; he also began laying the financial groundwork for Grupo Carso. In 1965 he also bought Jarritos Del Sur. In 1966, worth US$40 million, he founded Inmobiliaria Carso. In 1982, the Mexican economy contracted rapidly. As many banks were struggling and foreign investors were cutting back on investing and scurrying, Slim began investing heavily and bought many flagship companies at depressed valuations. Buying troubled assets at depressed prices to resell them later at an attractive price is a business strategy that Slim has executed throughout his career.

In 1996 Grupo Carso was split into three companies: Carso Global Telecom, Grupo Carso, and Invercorporación. In the following year, Slim bought the Mexican arm of Sears Roebuck. In July 1997 Grupo Carso agreed in principle to sell Procter & Gamble de México, a subsidiary of The Procter & Gamble Co., a manufacturing plant in Apizaco and the company's Lypps, Pampys, and other toilet-tissue brands for about US$170 million but kept its tissue-products company Fábricas de Papel Loreto y Peña Pobre.

In 2012 Slim sold the broadcast rights for the Leon games to Telemundo in the United States. In March 2012, America Movil acquired the broadcast rights for the Olympic Games in Sochi 2014 and the Brazil 2016 for Latin America.

Carlos Slim Helu was got married with Soumaya Domit in 1967. Now she is no more. Among her interests were various philanthropic projects, including the creation of a legal framework for organ donation.

In his office, Slim does not keep a computer and instead prefers to keep all his financial data in thoroughly kept notebooks. Slim is well versed in technology but prefers to write by hand instead of on a computer. Due to the vast size of his business empire, Slim often jokes that he can't keep track of all the companies he manages.

Very Useful (0)

Useful (0)

Not Useful (0)