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    Carlos Slim & Family: The Richest In the World
    Carlos Slim & Family: The Richest In the World
    Carlos Slim & Family: The Richest In the World
    Ebook32 pages25 minutes

    Carlos Slim & Family: The Richest In the World

    By Diane Lemertz

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    About this ebook

    Carlos Slim Helu is a Mexican businessman and one of the richest people in the world who has a net worth of $72 billion. He is a businessman, philanthropist, and engineer largely focused on the telecommunications industry in Mexico. Slim has a substantial influence over the telecommunications industry in Mexico and much of Latin America. He controls Telefonos De Mexico, TelCel, and America Movil. He maintains an active involvement in the companies, but his three sons Carlos, Marco Antonio, and Patrick, run the firms on a day to day basis. Slim was able to raise money for a telecommunications business by purchasing standby letters of credit which allowed him to obtain guaranteed loans which provided the capital.
    LanguageEnglish
    PublisherXinXii
    Release dateMay 25, 2014
    ISBN9781304911339
    Carlos Slim & Family: The Richest In the World

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      Book preview

      Carlos Slim & Family - Diane Lemertz

      America

      Terms of Use

      You are given a non-transferable, personal use license to this book. You cannot distribute it or share it with other individuals.

      Also, there are no resale rights or private label rights granted when purchasing this book. In other words, it's for your own personal use only.

      Family and Origin

      In 1902, Julián Slim Haddad, father of Carlos Slim Helú, arrived in Mexico from Lebanon, all alone and 14 years of age, speaking no Spanish. He was escaping from the yoke of the Ottoman Empire, which at the time conscripted young men into its army; mothers therefore sent their sons to exile before turning fifteen.

      And thus Don Julián arrived in Mexico; he was a young man, energetic and full of enthusiasm and ideas, who after disembarking in Veracruz, moved to Tampico, Tamaulipas, where four of his older brothers had already settled since 1898 (José, Elías, Carlos and Pedro Slim) with the conviction that they would succeed together with the country that had received them.

      Carlos Slim's mother, Doña Linda Helú, was born in Parral, Chihuahua. She was the daughter of José Helú and Wadiha Atta, Lebanese immigrants who arrived in Mexico at the end of the 19th century, and after traveling through several cities in the Mexican Republic, decided to settle in the capital city. José Helú brought the first Arabic printing press to Mexico and founded one of the first magazines for the Lebanese community in this country.

      The Slim brothers later moved to Mexico City and in 1911, Julián Slim and his brother José, who was thirteen years older than him, founded the company La Estrella de Oriente (the Star of the East), so named in honor of their country of origin. The partnership was formed with 25,800 pesos, each of them contributing

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