A Mexican Business multi-millionaire Carlos Slim Helu is one of the richest men in the world. His father Julian become a Lebanese who migrated to Mexico City where he started a dry goods store and additionally he capitalized in real estate (business) in Mexico City. These steps became the source of full-size wealth this made him wealthy. Julian edifies his son Carlos on work ethics, ideas and work dealings. But his father died when he was just 12 years old, even though Carlos adopted his father’s commercial enterprise skills.
By the age of 12 Slim bought stocks in a Mexican Bank for his father’s company and at the age of 17 he started earning two hundred pesos every week. Next, he joined the National Autonomous University of Mexico to observe Civil engineer simultaneously he started his career as a trader in Mexico.carlos had become a stock broker in his personal brokerage company. Later he perceptively invested in variety of groups like engineering, manufacturing, retail, restaurants and so on. In which he began earning very well so he desired to be a great business man than an inventory trader. So he stopped being a stock trader and had become a full time business man. In 1966, by the age of 26 he was already worth for forty million US dollars.
In his early career, his main concentration was on production, real estate property and mining organizations. His studies of linear programming gave him a notable breaking point in enterprise world in 1960’s. By the usage of his talent in 1981, Carlos decided to buy the 2d largest tobacco agency in Mexico, cigatam. With the cash he made, he became capable to start buying companies.
In 1982, as the oil charge fell down worldwide. The Mexican economy started to go down. At this time, all through the period of recovery to 1985, Slim saw possibility; he cleverly invested heavily within the Mexican division of American businesses together with Reynolds Aluminio, General popo, Hersey groups, Bimex motels and sanborns, a food retailer, in addition to Mexican financial services.
He started many businesses with welfare in construction, mining, printing, tobacco, food, and retail, he formed a conglomerate. In the 1980's he united all his business welfare organizations by means of forming Grupo Galas as the ideal corporation of a conglomerate that had welfare in enterprise, construction, retail, mining, food, and tobacco.
In Nineties the Grupo Carso drifted as a public business enterprise, with proportion placements at first in Mexico after which it become international. He did live performance with France Télécom and Southwestern Bell Corporation in directive to shop for landline smartphone organisation Telmex from the Mexican government. He extended his stakes in General Tire and Grupo Aluminio, where he had a wide knowledge & interest . In the 1996 Grupo carso split into 3 groups, – (1) Carso Global Telecom, (2) Grupo Carso, and (3) Invercorporacion.
By 2006, Telmex operated 90% of the telephones strains in Mexico, whereas Slims cellular cellphone organisation Telcel operates 80 % of complete united states of america’s mobile phones.
Carlos Slim is building Plaza Carso in Mexico City in which maximum of his organizations will have the same headquarters.Carlos Slim is No.1 richest man in the world from 2010 to 2012.
