What Companies Does Carlos Slim Own?

Carlos Slim Helú is a Mexican business magnate who has built a vast business empire through his conglomerate, Grupo Carso. He is known for his extensive holdings in various industries across the Mexican economy, including education, health care, industrial manufacturing, transportation, real estate, mass media, energy, hospitality, entertainment, technology, retail, sports, and financial services. However, his core fortune comes from the telecommunications sector, where he owns América Móvil, Telcel, and Telmex. Slim’s companies account for a significant portion of the listings on the Mexican Stock Exchange, and his net worth is equivalent to a substantial percentage of Mexico’s gross domestic product. He is also the largest single shareholder of The New York Times Company.

Key Takeaways:

• Carlos Slim owns a diverse range of companies across multiple industries in Mexico.
• His core fortune comes from the telecommunications sector, with América Móvil, Telcel, and Telmex as his flagship companies.
• Slim’s companies have a significant presence on the Mexican Stock Exchange.
• He is the largest single shareholder of The New York Times Company.
• Carlos Slim’s net worth is a substantial percentage of Mexico’s gross domestic product.

Carlos Slim’s Business Career and Investments

Carlos Slim Helú’s business career spans several decades and encompasses a diverse range of industries. He is the founder and chairman of Grupo Carso, a conglomerate with interests in sectors such as telecommunications, construction, consumer goods, mining, real estate, financial services, and more.

One of Slim’s notable investments is in the telecommunications sector, where he owns two major companies: Telmex and América Móvil. Telmex, Mexico’s only phone company, was acquired by Slim and later integrated into América Móvil, which has become his flagship telecommunications company. América Móvil operates in multiple countries and is one of the largest mobile network operators in the world.

In addition to telecommunications, Slim has made strategic investments in other industries. He ventured into the financial services sector with Grupo Financiero Inbursa, a leading Mexican financial group. Slim also holds a significant stake in The New York Times Company, making him its largest single shareholder.

Company	Industry
Telmex	Telecommunications
América Móvil	Telecommunications
Grupo Financiero Inbursa	Financial Services
The New York Times Company	Mass Media

Slim’s business career and investments have contributed to his immense wealth, making him one of the richest individuals in the world. His strategic vision and ability to identify lucrative opportunities have allowed him to build a substantial business empire that spans multiple sectors and generates significant economic impact.

Slim’s Early Life and Wealth History

Carlos Slim was born in 1940 in Mexico City to Maronite Catholics of Lebanese descent. His father, Julián Slim Haddad, was a successful businessman who owned a dry goods store and made savvy investments in real estate. From a young age, I witnessed the entrepreneurial spirit of the Slim family as Carlos Slim showed a keen interest in business and received valuable lessons from his father.

Following his graduation from university, Slim embarked on his own business venture, establishing his own brokerage firm. It was during this time that he began to lay the foundation for his future success. However, it was during the Mexican economic downturn in the early 1980s that Slim truly showcased his strategic mind and wealth-building prowess. During this challenging period, he capitalized on the opportunity to acquire troubled assets at significantly reduced valuations, setting the stage for his rapid rise.

Since then, Slim has continuously reinvested his profits back into his businesses, fueling their growth and cementing his status as one of the wealthiest individuals in the world. As of November 2023, his net worth stands at over $88 billion, a testament to his remarkable journey from humble beginnings to global success.