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Jeff Bezos is due to fly from a desert site in West Texas on an minute voyage to the edge of space, nine days after Briton Richard Branson was aboard his competing space tourism company Virgin Galactic's successful inaugural suborbital flight from New Mexico. The flight is a milestone in the American billionaire's strategy to usher in a new era of private space travel. He is due to fly from a desert site in West Texas on an minute voyage to the edge of space, nine days after Briton Richard Branson was aboard his competing space tourism company Virgin Galactic's successful inaugural suborbital flight from New Mexico.

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It is a testament to the burgeoning wealth of the U.

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Good Subscriber active since Shortcuts. Most of his money goes towards further investments in business or philanthropy, though he does reportedly have a set of hand-carved and blown Baccarat wine glasses that were owned by the president of Mexico. But init was taken off the market with no sale recorded.

The coronavirus pandemic has taken yet another toll on the Mexican billionaire's wealth. Source: Forbes. Despite his wealth, Slim lives a relatively frugal lifestyle; he's lived in the same six-bedroom house for more than 40 years. Slim saw the dea l as a business venture, rather than a foray into journalism.

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Slim was born to Lebanese immigrant parents in Mexico City in Slim's father was successful in both retail and real estate, and Carlos inherited his business after his death in Slim holds a deep love for his country. Bloomberg's Billionaire Index ranks him at No. And in MarchBloomberg reported that no other billionaire had lost more money than Slim during Trump's presidency, which the publication attributed partially to the president's "tough talk" on Mexico. Slim's critics accuse him of being a monopolist whose practices drive prices and unemployment through the roof.

But, considering he's involved in hundreds of companies in Mexicowhich is also known as "Slimlandia," Slim flies under the radar more than you might expect. The Inside Story. Slim even owns Mexico City's only aquarium.

Carlos slim is worth at least $ billion, making him the richest person in mexico.

Source : Business Insider. Log out. But Slim announced in that he would sell almost half his New York Times shares by InSlim surpassed Bill Gates as the richest man in the world; it was the first time in 16 years that the world's richest man wasn't from the US. Slim's presence is all over Mexico. Source : Forbes. Slim's daughter, Johanna, is a shareholder of his company, Grupo Carso.

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As Sears stores shuttered in the US following the company declaring bankruptcy inSears has been thriving in Mexico, growing in both locations and sales. Subscriber active since. Tim Padgett, who interviewed Slim for Time magazine, said, "Just by looking at him, you would never know he is a billionaire.

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Soon after, he founded his first companyInversora Bursatil, an insurance company. Loading Something is loading. Though Gates is once again richer than Slim and Jeff Bezos reigns as the world's richest person, Slim is the wealthiest person in Mexico by far. Source : Bloomberg. These interests are controlled through the family business : infrastructure, construction, and energy conglomerate Grupo Carso. Both Soumaya and Queen Noor's husband, King Hussein, passed away within one day of one another in Ten years later, newspaper outlets reported that Slim and the Queen of Jordan had formed a close relationship that included jet-setting around the globe and dining in secret at friends' houses.

His bank, Inbursa, is Mexico's. Slim was married to his wife, Soumaya, for 32 years. Get the Insider App. A leading-edge research firm focused on digital transformation. The year, he saw his first big success when Grupo Carso went public and led the privatization of state phone company Telmex, per Forbes.

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He also has holdings in banking and mining, as well as interests in the construction industry in Mexico. US Markets Loading H M S In the news. The Mexican billionaire also owns Sears Mexico. InSlim ranked as the fifth-richest person in the world, but his fortune has taken a major hit over the past few years. Salary database. Carlos Slim Helu — Mexico's wealthiest man — is one of the richest self-made billionaires in the world.

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Two of his grandchildren also sit on boards of his companies. Visit Business Insider's home for more stories. Slim has lived in the same six-bedroom house for 40 years and indulges in only two big luxuries: Cuban cigars and art collecting. Katie Warren.

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Source : Business InsiderBloombergCurbed. It often indicates a user profile. She passed away in due to renal failure. Slim also owns Sears Mexico, which has been growing and opening up new stores despite the chain filing for bankruptcy in the US. Slim lives a surprisingly frugal lifestyle for a billionaire: He doesn't own any yachts or planes and he's lived in the same house for more than 40 years. His father taught him to read financial documents and invest at a young age.

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Despite his wealth, Slim does not believe in conspicuous consumption — he reportedly doesn't own any yachts or planes. Despite his critics, Slim states that since becoming a billionaire, he has "more activity, more responsibility, and more compromise …". Source: The Guardian.

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Executive Lifestyle. Slim's influence is far-reaching in Mexico and abroad. World globe An icon of the world globe, indicating different international options. Slim has said publicly that a succession plan for his company has been made, but he has not given details.

In , slim ranked as the fifth-richest person in the world, but his fortune has taken a major hit over the past few years.

Slim's home, his childhood home, and the Telmex offices are all located in Lomas de Chapultepec, a small but affluent neighborhood in Mexico City's financial district. SinceSlim has stepped down from the boards of his three largest companies in order to focus on family, philanthropy, and his own health. In fact, Slim has no need to cater to public opinion. Newsletter preferences.

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Corporate org charts. After his wife's death, rumors circulated of Slim's subsequent romances, most famously with Queen Noor al-Hussein of Jordan. Johanna and Slim's other daughters, Vanessa and Soumaya, are involved in the Slim family's philanthropic endeavors as well as the arts. Though Slim is known best as the chief shareholder of America Movil and the founder of the Grupo Carso conglomerate, his riches also result from many other business ventures.

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The year-old Mexican billionaire controls America Movil, the largest mobile-phone operator in Latin America, and holds stakes in several other publicly traded companies, including The New York Times. Pitch deck library. Source : Wealth-XForbes. Slim spent much of the '60s, '70s, and '80s building a diverse portfolio that now dominates the Mexican economy. His wealth has granted him political influence to the extent that, for the most part, t he Mexican government turns a blind eye to the dominance he has over the telecom industry.

Source : Wealth-X. But the billionaire doesn't let criticism bother him: " When you live for others' opinionsyou are dead," he said. Every Monday he has dinner with his children and their spouses to discuss business, and every Wednesday he has lunch with his grandchildren, he said in a Forbes interview.

InSlim opened the Museo Soumaya, a nonprofit art museum with free admission in Mexico City named after his late wife, Soumaya. Slim says one of his biggest goals is alleviating poverty, and that it needs to happen at the institutional level. icon An icon in the shape of a person's head and shoulders. Slim has a clear strategy for making money: He acquires struggling companies and transforms them into multibillion-dollar holdings before selling his stake at a profit.

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address. At one point, it housed the largest private Rodin collection in the world. The couple has six children, who will inherit Slim's empire. In particular, he took advantage of the Mexican debt crisis in in order to purchase many deflated companies. Insider events.