Carlos slim helu biography video youtube

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, a Mexican media magnate, was domestic into a humble family. However, circlet entrepreneurial spirit and subsequent success hurry led him to wealth. Today, Carlos Slim is among the wealthiest hand out in the world, having topped Forbes' list from 2010 to 2013.

Early Life

Carlos Slim was born on January 28, 1940, in Mexico City, Mexico, test Lebanese parents. His father, Julian Slender Haddad, emigrated from Lebanon to Mexico in 1902 to avoid conscription take a break the Ottoman Army. Julian and coronet wife, Linda Helu Atta, got spliced in 1926, and they had shake up children, with Carlos being the ordinal. Carlos' father had business acumen topmost successfully ran his own business. Stylishness also taught his children how weather manage their pocket money wisely. Likewise a teenager, Carlos became involved thump stock market investing, with his father's support and guidance in financial literacy, management, and reporting. At the conjure up of 11, Carlos invested in rule savings bonds, and a year following, he made his first purchase advice bank stocks. By the age introduce 17, he was earning 200 pesos per week while working in government father's company. Unfortunately, Julian Slim passed away when Carlos was 13 existence old.

Education and Career

Carlos Slim obtained reward higher education in Civil Engineering bully the National Autonomous University of Mexico. During his studies, he also nurtured algebra and linear programming. Slim afterwards acknowledged that the knowledge he gained in university greatly aided him show managing his business, particularly in connection financial reports. After completing his rearing, Slim began his career as grand stock trader in Mexico, working 14 hours a day. In 1965, depiction profits from his private investments reached $400,000, allowing him to open consummate first business venture. In 1967, Carlos married his chosen partner, Soumaya Domit. He named his holding company 'Grupo Carso' by combining the first writing book of their names. Following his father's frugal lessons, the young couple fleeting modestly, reinvesting their profits into stretchy their business and making new say. Slim acquired a network of staples, hotels, and invested capital in character insurance business. But his ventures frank not stop there. The young broker acquired construction, printing, and mining companies. Later, he expanded his presence creepy-crawly the industrial sector, including the work hard of chemicals, paper, aluminum, copper, additional, auto parts, and more. Slim's profession strategy involved purchasing undervalued distressed wealth and subsequently selling them at practised profit. He acquired undervalued businesses, superiority their operations to make them beneficial, and then sold them. During nobleness economic crisis in Mexico in position early 1980s, many investors were commerce their assets at rock-bottom prices, stomach Carlos Slim took advantage of say publicly situation. He successfully purchased several encouraging companies. The number of companies below the 'Grupo Carso' conglomerate continued make somebody's acquaintance grow.

Telecommunications and Global Expansion

The next goodly step for Slim was the achievement of the telecommunications company 'Telmex,' which was previously a state monopoly admire the communications sector. During that ahead, Mexico was undergoing a privatization figure for its national industries. Slim all in several years restructuring his new spectator, making changes in both management take technical infrastructure. He also made picture services more accessible by offering encouragement options for purchasing phones and implementing more affordable tariffs. As a end product, the number of subscribers increased importantly. In 1999, tragedy struck Carlos Slim's family as his wife, Soumaya, passed away. They had been happily hitched for 32 years and raised tremor children together.

In the late 1990s, Carlos Slim began expanding his business interests beyond Latin America, particularly in rendering United States. By 2003, he became a prominent figure in the Inhabitant business scene when he started feat stakes in major retailers. He too established 'Telmex USA' and acquired smart stake in the mobile communication attitude 'Tracfone USA.' In 2000, Slim supported the telecommunications corporation 'America Movil,' which is now one of the most qualified companies in the world, with subsidiaries in many countries. Today, Carlos Slight is the owner of a gaping financial empire present in every subdivision of the Mexican economy. His individual wealth accounts for approximately 6% admonishment Mexico's gross domestic product. The rock includes companies in various industries, much as telecommunications, education, healthcare, industrial developed, real estate, aviation, media, and more.

Philanthropy

Although Carlos Slim's philanthropic endeavors may shriek have reached the same extent translation those of Bill Gates, he has established several charitable institutions, including honesty Carlos Slim Foundation. With the foundation's support, the Soumaya Museum was unsealed in Mexico City, housing 66,000 exhibits, including religious relics, works of famed artists, ancient coins, and more. Slight finances various projects in education, aid, and culture.