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Carlos Slim

9 questions · Economics

Carlos Slim, born in Mexico City in 1940 as the son of Lebanese immigrants, was for years the richest person in the world. His fortune rests above all on the telecom group América Móvil, the largest mobile operator in Latin America. Slim bought whole companies cheaply in times of crisis and controls firms in almost every sector in Mexico: from telephones through construction to mining. He is seen as a thrifty, sober businessman of the old school. Good to know: It is the largest mobile operator in Latin America. Almost everyone in Mexico phones over Slim’s networks. From 2010 to 2013 he topped the Forbes list. He was the first non-American at the top for a long time. There he controls firms in almost every sector. His influence reaches from telephones to department stores. His father emigrated to Mexico as a young man. From his father he learned business early. He invested counter-cyclically: against the trend. Thus he snapped up whole companies cheaply in downturns. He has lived in the same house for decades.

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On which telecom company does Slim’s fortune mainly rest?

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América Móvil

It is the largest mobile operator in Latin America.

💡 Did you know? Almost everyone in Mexico phones over Slim’s networks.

Which title did Slim hold for several years?

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richest person in the world

From 2010 to 2013 he topped the Forbes list.

💡 Did you know? He was the first non-American at the top for a long time.

In which country is Slim the most powerful entrepreneur?

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Mexico

There he controls firms in almost every sector.

💡 Did you know? His influence reaches from telephones to department stores.

From which country does Slim’s family originally come?

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from Lebanon

His father emigrated to Mexico as a young man.

💡 Did you know? From his father he learned business early.

When did Slim often buy companies especially cheaply?

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in times of crisis

He invested counter-cyclically: against the trend.

💡 Did you know? Thus he snapped up whole companies cheaply in downturns.

How is Slim regarded as a person despite his wealth?

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as thrifty and down-to-earth

He has lived in the same house for decades.

💡 Did you know? Showing off is alien to him: a businessman of the old school.

In which famous US newspaper did Slim hold a large stake?

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in the New York Times

In the financial crisis he propped up the paper with a loan.

💡 Did you know? Thus the telecom billionaire became visible in media too.

What does Slim use part of his fortune for in Mexico?

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for education and health (foundation)

The Carlos Slim Foundation supports training, among other things.

💡 Did you know? He donates more cautiously, though, than some US billionaires.

Carlos Slim

Foto: Secretaría de Cultura Ciudad de México from México · CC BY 2.0 · Wikimedia Commons

Which billionaire is shown here?

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Carlos Slim

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