Carlos Slim- Owner of Grupo Carso with Grupo Sanborns

Carlos slim

Carlos Slim- Owner of Grupo Carso with Grupo Sanborns

Biography of Carlos slim

Carlos Slim Helu (brought into the world 28 January 1940 in Mexico City) is a Mexican business financier, speculator and giver. From 2010 to 2013, Slim was positioned as the most extravagant individual on the planet by the Forbes business magazine. He got his fortune from his broad property in a significant number of Mexican organizations through his aggregate, Grupo Carso.

As of February 2020, he is the fifth-richest person in the world according to Forbes’ posting of The World’s Billionaires, with he and his family having a total assets assessed at $68.9 billion. He is the most extravagant individual in Latin America.

His aggregate incorporates instruction, human services, modern assembling, transportation, land, media, vitality, accommodation, amusement, high-innovation, retail, sports and money related administrations. He represents 40% of the postings on the Mexican Stock Exchange, while his total assets is equal to around 6 percent of Mexico’s GDP.As of 2016, he is the largest single shareholder of The New York Times Company.

 

Wealth of Carlos slim

Revenue – 4,880 crores USD in 2020

The majority of Slim’s fortune is derived from a handful of publicly traded companies. His most valuable asset is a majority shareholding in America Movil, the biggest mobile-phone operator in Latin America, followed by his stakes in holding company Grupo Carso and banking and insurance firm Grupo Financiero Inbursa. He has stakes in more than a half dozen other public companies, many of which pay dividends.

Filings with the Securities and Exchange Commission show Slim has transferred some of these stakes to his six children: sons Carlos, Patrick and Marco Antonio Slim Domit, and daughters Soumaya, Vanessa and Johanna. The shares are held directly or through Mexico City-based holding company Inversora Carso and its subsidiaries. All assets are credited to Slim because he is the patriarch of the family fortune.

The valuation excludes shares held by the family’s charitable foundations, Fundacion Telmex, Fundacion Carlos Slim and Instituto Carlos Slim de la Salud. The foundations own 581 million L shares of America Movil, according to a Schedule 13D filed with the SEC on Sept. 1, 2016, and 604 million shares of Impulsora de Desarrollo, according to a family spokesman.

The Slim family owns part of its interest in certain companies through publicly traded Inbursa and its subsidiaries. These stakes, including around 1 billion L portions of America Movil and 8 million New York Times class An offers announced in 2016 SEC filings, are barred from the share counts utilized right now.

The billionaire confirmed a plan in December 2017 to sell nearly half his New York Times shares in 2020. The shares remain credited to him because he still controls their voting rights and receives dividends.

Slim has collected nearly $10 billion in dividends from his investments, according to data compiled by Bloomberg. The value of his cash investments is based on an analysis of insider transactions, real estate purchases, market performance, investments, charitable giving and, taxes.

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