Carlos Slim

Begins Investment Career

Carlos Slim started his business career at age 25, making early investments in real estate and stocks. His disciplined approach and business acumen laid the foundation for his future empire.

Expands During Mexican Crisis

Slim aggressively acquired undervalued assets during Mexico's economic crisis, dramatically expanding his holdings. His contrarian strategy during the downturn positioned him for enormous future gains.

Acquires Telmex

Slim purchased Mexico's state telephone monopoly Telmex during privatization, the deal that defined his fortune. This acquisition gave him control of Mexico's telecommunications infrastructure and became the cornerstone of his wealth.

Expands Telecommunications Empire

Slim expanded his telecom holdings across Latin America through América Móvil, becoming the dominant player. His telecommunications empire reached hundreds of millions of customers across the region.

Becomes World's Richest Person

Carlos Slim was ranked as the richest person in the world by Forbes, surpassing Bill Gates. This milestone made him a global household name and cemented his status as a business titan.

Peak Wealth Period

Slim maintained his position as the world's richest person for several years, with his fortune reaching its peak. His dominance in Latin American telecommunications and diverse holdings made him a global icon.

Wealth Decline Amid Competition

Regulatory reforms in Mexico and increased telecom competition reduced Slim's net worth, though he remained extremely wealthy. His ranking fell as tech billionaires' fortunes surged past his.

Latin America's Richest Person

Slim remains the richest person in Latin America and among the world's wealthiest individuals, though no longer at the very top. He is a household name in Latin America and well-known globally as a legendary business magnate and philanthropist.