Forbes Called Him “The World’s Biggest Giver”
Carlos Slim Helu, is the Lebanese / Mexican business man and investor who owns Telmex and América Móvil, which was Latin America’s largest mobile-phone carrier in 2010. He held the title of “World’s Richest Man” with a net worth of $71.2 billion from 2010 until 2013 where Bill Gates, overtook him, reclaiming the title of the richest man in the world.
Carlos Slim Helu is famously known for his love of giving and charity, he supports numerous charities all over Latin America, in 2007 alone, he funded his own charity foundation “Telmex Foundation” with $4 billion to establish free health care, education institutes and sports centers all around Latin America, which provoked Forbes Magazine to call him “The World’s Biggest Giver”.
After his parents migrated from Lebanon, Carlos was born in Mexico in 1940, where his father established the first Arabic magazine for the Arabic community in Mexico and Latin America using a printing press he took with him from Beirut.
Carlos learned the principle of business from his father, and at the early age of 12 he bought shares in a Mexican bank, at the age of 17 he was working for his fathers’ company and went on to study civil engineering. After graduating, he began his career as a trader in Mexico, He would then go on to form his own brokerage firm that later expanded to invest in individual businesses. In 1966 his net worth was $40 million. In 1990 Carlos negotiated the purchase of landline Telephone company “Telmex” from the Mexican government, in 2006, 90% of all telephone lines in Mexico were operated by Telmex, while his mobile telephony company “Telcel” operated 80% of the country’s mobile lines. He then expanded his territory buying shares in American Tobacco and American Mobile Operators as well as buying shares in several media companies around the world.