How did Carlos Slim Helú get rich?


Carlos Slim Helú inherited a significant amount of money from his father, then Slim made his own investments that greatly increased his wealth. During Mexico's 1982 economic crash, Slim invested in the collapsing businesses, picking up managing shares in many companies and later making a profit as the economy rebounded. According to a 2014 Forbes biography, Slim has a net worth of just more than $72 billion.

In 1980, Slim had already established himself as a businessman and had a portfolio with more than a dozen companies. During the economic crash, Slim was able to purchase large shares in several more companies, including the Mexican division of The Hershey Corporation, General Tire and British American Tobacco.

Slim's biggest business move was buying Telmex, the preeminent Mexican phone company of the '80s and '90s. He developed Telcel, a mobile phone company, to work in tandem with Telmex. These phone companies control 90 percent of Mexican landlines and 80 percent of cellphone coverage in the country. Slim's virtual monopoly over Mexico's telecom industry allowed him to develop communications-related business interests internationally. Though Slim once managed Telmex and Telcel with France Telecom and Southwestern Bell, many of the companies' daily operations are now managed by Slim's sons.

Q&A Related to "How did Carlos Slim Helú get rich?"
Carlos Slim is rich because he monopolised the phone companies in Mexico. all the home phone & Cell phone services are part of his company. Also, he has business with drug cartels
He knows how to make big bucks with all his hook ups. Thank you for using
Carlos Slim Helú is a Telecom tycoon who pounced on privatization of Mexico's national telephone company in the 1990s. Net worth: $53.5 billion. report this answer. Updated
Investment,pimping and drugs.
Explore this Topic
World Billionaire Carlos Slim Helu has a networth of US 53.5 billion Dollars. ...
Carlo Slim Helu Mexico $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil (oil) ...
About -  Privacy -  Your Cookie Choices  -  Careers -  About P.G. Wodehouse -  Help -  Feedback  -  Sitemap  © 2014 IAC Search & Media