Net Worth $72 Billion
Carlos Slim Helu is a Mexican businessman and one of the richest people in the world who has a net worth of $72 billion. Carlos Slim Helu was born January 28, 1940 in Mexico City, Mexico. He is a businessman, philanthropist, and engineer largely focused on the telecommunications industry in Mexico. Slim has a substantial influence over the telecommunications industry in Mexico and much of Latin America. He controls Telefonos De Mexico, TelCel, and America Movil. He maintains an active involvement in the companies, but his three sons Carlos, Marco Antonio, and Patrick, run the firms on a day to day basis. Slim was able to raise money for a telecommunications business by purchasing standby letters of credit which allowed him to obtain guaranteed loans which provided the capital.
On August 8, 2007 Fortune magazine reported that Slim had surpassed Bill Gates in wealth. This marked the first time in 16 years that the wealthiest person in the world has not been from the United States, the Middle East, or Europe and was from an “emerging economy”. Slim has been awarded the Entrepreneurial Merit Medal of Honor from Mexico’s Chamber Of Commerce. He is a “gold patron” of the American Academy of Achievement and a Commander in the Belgian Order Of Leopold II. Slim was named CEO of the year in 2003 by “Latin Trade” magazine, and one year later CEO of the decade by the same magazine.