Carlos slik, Latin America’s and the world’s richest man for numerous years, has a surprise idol in the Mongol conqueror Genghis Khan. Carlos slik interest in the mediaeval emperor is reflected in his economic decisions. Genghis Khan would conduct tactical retreats, lulling his opponents into a false feeling of security before launching a devastating attack. Slim, a 75-year-old telecommunications magnate, has been announcing his retirement from business for the last 15 years, only to make a succession of forays into other fields, most notably petroleum.
Carlos slik respect for the Great Khan is one of many surprising elements unearthed in a new biography by investigative journalist Diego Enrique Osorno. The entrepreneur was tormented at his Mexico City school because he is the son of Lebanese parents with the original surname Salim, according to “Slim: The Political Biography of the World’s Richest Mexican.” His family was linked to the Lebanese Phalange, a right-wing Christian organization responsible for Palestinian murders. Slim’s older brother Julian was a member of a Mexican secret police group suspected of torturing and disappearing Marxist guerrillas, according to reports.
Carlos slik early life
Carlos slik was born in Mexico City on January 28, 1940. Julián Slim Haddad and Linda Hel Atta, both Maronites of Lebanese heritage, were his parents. Khalil Salim Haddad Aglamaz, Carlos’ father, was transfer to Mexico in 1902 to avoid being inducted into the Ottoman army. Carlos’ father changed his name to Julián Slim Haddad after settling in Mexico. The family belonged to a tiny but rich group of Lebanese Christians who immigrated to Mexico in the late 1800s and early 1900s.
Carlos slik was a natural in a region committee to trade, starting a dry goods store in 1911 that grew to provide more than $100,000 in items just ten years later. During the Mexican Revolution of 1910-1917, he used the revenues from the business to acquire valuable real estate in Mexico City for a pittance. Julián has a net worth of more over 1 million pesos, thanks to his wise real estate investments and sustained success as both a shop and a wholesaler.
Wide richest Carlos slik
Slim is involved in hundreds of other businesses, mostly through Group Carson SAB, his worldwide conglomerate. Group Carson owns or has owned investments in a wide range of businesses, including Elementa, Mexico’s largest cement company, retail giants Sears and Saks Fifth Avenue, energy and construction (through CICSA), and automobiles . He owns a portion of The New York Times. Carlos slik fortune is mostly derive from the telecoms industry. America Movil, originally Teléfonos de Mexico, or Telmex, is own by Slim. Telmex was the country’s ancient telephone monopoly, similar to AT&T Inc. in the United States (T). The government privatized the corporation in the 1990s, and Slim was one of the first investors, through Group Carson (the other members).
Slim’s mobile telecommunications business, America Movil, had taken over Telmex and turned it into a privately held subsidiary by 2012. America Movil, through its subsidiary Telcel, controls over 70% of the mobile phone line market and 80% of the landline market in Mexico. 13 In the wake of new anti-monopoly legislation in Mexico, the corporation is preparing to sell assets in order to reduce its market share below 50%. Slim, on the other hand, is unlikely to be displease that the different assets, such as cell phone towers, might potentially bring in $8 billion or more, representing a significant return on investment.
Carlos Slik Corners the Market
Monopolistic practices are another concern. Carlos slik acquired one of the major copper wire manufacturers in Mexico through Telmex. 20 and 21 He then forbade Telmex from purchasing wire from a rival. The Mexican government has been fighting Slim’s monopoly in the telecoms sector for years.
The Mexican government, on the other hand, failed to account for the reality that new firms must pay Telmex an interconnection charge while attempting to create competition in the phone market. Telmex just set these tariffs extremely high, making it difficult for any other provider to undercut them, particularly for long distance calls. After considerable wrangling between the government, Slim, and the upstarts, the practice came to an end.
Notable Real Estate
Real estate, which Slim did not focus on in his early years, has become a significant element of his portfolio in the last two decades. Part of this was a natural outgrowth of the growing conglomerate, such as the 20 retail malls scattered around Mexico, ten of which are in Mexico City. 34 Slim, on the other hand, paid $44 million for the Duke Semans estate in New York City, which is regard one of the last outstanding private residences on Fifth Avenue. It was place up for sale for $80 million in 2015, but he pull it off the market in 2016 after failing to find a buyer.
Slim’s late wife was an enthusiastic art collector, therefore the Museo Soumaya was create in her honour. It holds almost 70,000 works of art, including the world’s biggest Rodin collection outside of France, as well as works by Matisse, Van Gogh, Monet, and Dali, to mention a few.
Carlos Slik likes baseball
Slim enjoys history, nature, and art (he is the world’s top collector of Rodin statues), but baseball is his true passion. Slim is claim to have an encyclopedic knowledge of the sport, having publish countless articles on it. He’s also been know to show up at Major League Baseball games to support the league’s wealthiest team, the New York Yankees.
The Investing Answer: If Slim’s tale teaches us anything, it’s that we can never be too young to begin learning how to succeed in business and money. He also serves as a living example of living well below one’s means. Visit ‘5 Astonishing Ways Billionaires Invest Their Fortunes’ to understand how they do it.
Final word about Carlos Slik
Slim’s fortune is similar to that of the old Rockefeller family, rather than Bill Gates’. Instead than relying on a few brilliant inventions in a single sector to develop an empire, he accomplished it through acquisitions and a near-invincible market share. Carlos’ father, Julian Slim Haddad, moved to Mexico from Lebanon in 1902 to avoid military service. He subsequently established multimillion-dollar import and real estate firms. Carlos’ mother’s family, who were also from Lebanon, moved in Mexico City around the end of the nineteenth century.