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Slim was married to his wife, Soumaya, for 32 years. Source : Wealth-X. Carlos Slim Helu — Mexico's wealthiest man — is one of the richest self-made billionaires in the world. After his wife's death, rumors circulated of Slim's subsequent romances, most famously with Queen Noor al-Hussein of Jordan.

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In fact, Slim has no need to cater to public opinion. In particular, he took advantage of the Mexican debt crisis in in order to purchase many deflated companies. 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.

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InSlim ranked as the fifth-richest person in the world, but his fortune has taken a major hit over the past few years. The year, he saw his first big success when Grupo Carso went public and led the privatization of state phone company Telmex, per Forbes. World globe An icon of the world globe, indicating different international options. 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.

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. As Sears stores shuttered in the US following the company declaring bankruptcy inSears has been thriving in Mexico, growing in both locations and sales.

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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. Insider events. Subscriber active since.

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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. Source : Business Insider. Source : Bloomberg.

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US Markets Loading H M S In the news. Despite his wealth, Slim does not believe in conspicuous consumption — he reportedly doesn't own any yachts or planes. Slim's influence is far-reaching in Mexico and abroad. Source: The Guardian.

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. Katie Warren. But the billionaire doesn't let criticism bother him: " When you live for others' opinionsyou are dead," he said.

Slim has said publicly that a succession plan for his company has been made, but he has not given details. Slim saw the dea l as a business venture, rather than a foray into journalism. Slim's critics accuse him of being a monopolist whose practices drive prices and unemployment through the roof.

Mexico's richest man lives a surprisingly frugal life for a billionaire. take a look at the life of carlos slim, who owns sears mexico and has lived in the same house for 40 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. Log out. Good Subscriber active since Shortcuts. Despite his wealth, Slim lives a relatively frugal lifestyle; he's lived in the same six-bedroom house for more than 40 years.

Source : Wealth-XForbes. It often indicates a user profile. Slim has lived in the same six-bedroom house for 40 years and indulges in only two big luxuries: Cuban cigars and art collecting.

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But init was taken off the market with no sale recorded. Newsletter preferences. Get the Insider App. A leading-edge research firm focused on digital transformation. Slim spent much of the '60s, '70s, and '80s building a diverse portfolio that now dominates the Mexican economy. These interests are controlled through the family business : infrastructure, construction, and energy conglomerate Grupo Carso. At one point, it housed the largest private Rodin collection in the world.

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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. The coronavirus pandemic has taken yet another toll on the Mexican billionaire's wealth.

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Despite his critics, Slim states that since becoming a billionaire, he has "more activity, more responsibility, and more compromise …". 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. Slim's daughter, Johanna, is a shareholder of his company, Grupo Carso.

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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. 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. The Mexican billionaire also owns Sears Mexico. His father taught him to read financial documents and invest at a young age.

InSlim opened the Museo Soumaya, a nonprofit art museum with free admission in Mexico City named after his late wife, Soumaya. Salary database. Slim even owns Mexico City's only aquarium. icon An icon in the shape of a person's head and shoulders. His bank, Inbursa, is Mexico's. Source : Forbes. The couple has six children, who will inherit Slim's empire. Soon after, he founded his first companyInversora Bursatil, an insurance company.

Johanna and Slim's other daughters, Vanessa and Soumaya, are involved in the Slim family's philanthropic endeavors as well as the arts. Two of his grandchildren also sit on boards of his companies.

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The Inside Story. 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. Visit Business Insider's home for more stories. He also has holdings in banking and mining, as well as interests in the construction industry in Mexico. Tim Padgett, who interviewed Slim for Time magazine, said, "Just by looking at him, you would never know he is a billionaire.

Pitch deck library. Source: Forbes. 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.

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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. Corporate org charts. Executive Lifestyle. Slim says one of his biggest goals is alleviating poverty, and that it needs to happen at the institutional level. SinceSlim has stepped down from the boards of his three largest companies in order to focus on family, philanthropy, and his own health. Source : Business InsiderBloombergCurbed.