Companies Owned by Mexican Billionaire | Carlos Slim Helu

Carlos Slim Helu- what an inspiring businessman he is!

Carlos Slim Helu is known as a multi-millionaire businessman and a philanthropist. He believes in education and Job rather than charity. His father died when Carlos was only 13. After that, he started taking care of his father’s company.

Even before the age of 13, he used to study finance, Economics, and reading financial statements from his great father. He was already aware of the basics of business at such a young age. He first bought shares in a Mexican bank at the age of 12.

No doubt, he has been a successful businessman throughout his career. Even he held the position of richest man from 2010 to 2013. With his wisdom and immense knowledge of business, he runs hundreds of companies today. Even one can not spend the money in Mexico without adding revenue to at least one of his companies.

In this article, we are going to discuss some of his companies.

America Movil:

Founded in 1947, Telmex is a company based in Mexico.  It provides telecommunication products and services. Carlos, along with a few investors, bought the company from the Mexican government in 1990.

They found America Movil in 2000. The company combined Telmex, Telcel, and some other companies into America Movil. It’s headquarter is located in Mexico City. The company operates in various regions including Colombia, Mexico, Europe, Central America, and the US. Carlos generated most of his wealth from this company. It is included in the Forbes 2000 global company and considered as one of the largest corporations in the world.70% of the mobile access in Latin America is controlled by America Movil and Telefonica.

Cigarros la Tabacalera Mexicana:

Cigarros la Tabacalera Mexicana, Cigatam, was founded in 1907. Carlos Slim held a 50.1% share in the company while Philips and Morris are owners of 49.9% shares. Philips and Morris bought a further 30% shares in the company in 2007. Carlos now holds 20% of shares and serves as an advisor to Philips and Morris Mexico. People criticize him for founding Carlos Slim Health Institute while getting wealth from the largest tobacco-producing company.

Carso Oil and gas Company:

Carlos Slim founded Carso Oil and Gas Company in 2015. In 2017, the company won the first Onshore Oil ad has tender.

 

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