Carlos Slik, the richest man in Latin America and the world for many years, has a surprising idol in the form of Genghis Khan, the mongol conqueror. As a result of Carlos Slik’s interest in the mediaeval emperor, his economic decisions reflect this interest. Genghis Khan would hold tactical retreats, lulling his opponents into a false sense of security before launching a devastating attack on them. As a 75-year-old telecommunications magnate, Slim has been announcing his retirement from business for the last 15 years, but he has made several forays into other fields, such as petroleum and telecommunications.
The respect that Carlos Slik had for the Great Khan is one of the surprising elements uncovered in a new biography written by investigative journalist Diego Enrique Osorno. In his early years, the entrepreneur was harassed at his school in Mexico City because he was the son of Lebanese parents with the original surname Salim, according to Slim: The Political Biography of the World’s Richest Mexican.” His family was linked to the Lebanese Phalange, a right-wing Christian organization responsible for Palestinian deaths. As per reports, Slim’s older brother Julian was a member of a Mexican secret police group that was suspected of torturing and disappearing Marxist guerrillas.
Carlos slik early life
On January 28, 1940, Carlos Slik was born in Mexico City, Mexico. His parents, Julián Slim Haddad and Linda Hel Atta, both Maronites of Lebanese heritage, are his grandparents. Carlos Haddad Aglamaz’s father, Khalil Salim Haddad Aglamaz, was transferred to Mexico in 1902 in order to avoid being inducted into the Ottoman army. His father changed his name from Julián Slim Haddad to Carlos after settling in Mexico. During the late 1800s and early 1900s, the family belonged to a small but wealthy group of Lebanese Christians who immigrated to Mexico during the late 1800s and early 1900s.
Carl Slik was a natural member of a region committee for trade, as he started a dry goods store in 1911 that grew to provide more than $100,000 in goods just ten years later. He used the profits from the business in order to acquire valuable real estate in Mexico City for a pittance during the Mexican Revolution of 1910-1917. Julián has a net worth of more than one million pesos, as a result of his successful real estate investments and his business success as a shop owner and a wholesaler.
Wide richest Carlos slik
There are hundreds of businesses Slim is involved in, mostly through his worldwide conglomerate Group Carson SAB. In addition, Group Carson holds or has held investments in a range of businesses, including Elementa, Mexico’s largest cement company, retail giant Sears, Saks Fifth Avenue, energy and construction (through the CICSA), automobiles, and more. There is a portion of The New York Times that he owns. Most of the fortune of Carlos Slik comes from the telecommunications industry. American Movil, originally called Telephones of Mexico, or Telmex, is owned by Slim Aldrich. The ancient telephone company called Telmex was the country’s monopoly, similar to AT&T Inc. in the United States (T). During the 1990’s, when the government privatized the corporation, Slim was one of the first investors, through the Group Carson (the other members).
As part of Slim’s mobile telecommunications business, America Movil, the company acquired Telmex in 2012 and turned it into a publicly traded company. America Movil, through its subsidiary Telcel, controls over 70% of the mobile phone market in Mexico, as well as 80% of the landline market. As a result of new anti-monopoly legislation in Mexico, the corporation is preparing to sell assets in order to reduce its market share below 50%. In contrast, Slim won’t mind that the different assets, such as cell phone towers, could potentially generate $8 billion or more, representing a significant return on investment.
Carlos Slik Corners the Market
Monopolistic practices are another issue that should be considered. As part of Carlos Slik’s acquisition of Telmex, he acquired one of the biggest copper wire manufacturers in Mexico. In addition to this, he also forbade Telmex from purchasing wire from a competitor of its. The Mexican government has been fighting Slim’s monopoly in the telecom sector for years now.
The government of Mexico, on the other hand, failed to keep in mind the fact that new firms are required to pay Telmex an interconnection charge while attempting to create competition in the telecommunications market. The tariffs set by Telemex are extremely high, which makes it difficult for any other provider to undercut them, especially for long distance calls. Eventually, after considerable wrangling between the government, Slim, and the upstarts, the practice came to an end.
Notable Real Estate
While Slim did not spend a lot of time on real estate in the early years of his career, it has become an integral part of his portfolio in the last two decades. A part of this was a natural outgrowth of the growing conglomerate, such as the 20 retail malls scattered around Mexico, ten of which are situated in Mexico City. 34 Slim on the other hand, paid $44 million for the Duke Semans estate in New York City, which is believed to be one of the last outstanding private residences on Fifth Avenue today. It was put up for sale for $80 million in 2015, but it was taken off the market in 2016 after it failed to find a buyer.
In honour of Slim’s late wife, who was an enthusiastic art collector, the Museo Soumaya was built in her honor. This museum is home to almost 70,000 works of art, including the largest Rodin collection outside of France, as well as items by Matisse, Van Gogh, Monet, and Dali, to name just a few.
Carlos Slik likes baseball
Slim likes history, nature, and art (he is the top collector of Rodin statues in the world), but baseball is his true passion. Moreover, Slim claims to have an encyclopedic knowledge of the sport as he has published countless articles on the subject. In the past he has also been known to attend Major League Baseball games in support of one of the league’s wealthiest teams, the New York Yankees.
The Investing Answer: If Slim’s tale teaches us anything, it’s that we can never be too young to begin learning about how to succeed in business and money. Moreover, he serves as a living example of how one can live comfortably and well below one’s means. To learn how billionaires invest their money, you should take a look at ‘5 Astonishing Ways Billionaires Invest Their Fortunes’.
Final word about Carlos Slik
Slim’s fortune is similar to that of the old Rockefeller family, as opposed to Bill Gates’ fortune. Rather than relying solely on a few brilliant inventions in a single sector to build an empire, he succeeded in doing so through a series of acquisitions and by bringing a near-invincible market share to bear. In 1902, Carlos’ father, Julian Slim Haddad, moved to Mexico from Lebanon in order to avoid military service. In the years that followed, he established multimillion dollar import and real estate businesses. The family of Carlos’ mother, who was also from Lebanon, moved to Mexico City around the end of the nineteenth century.