He served as CEO of several banks for more than three and a half decades. Antonio Del Valle Ruizis placed 8th with a net worth of $3.2 billion. The middle class forms a small . Thomas' experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning. In addition to its high standard of living, Brasilia is a great place to work as a coder or developer. As a result of Slims investments, Mexico has surpassed the United States as the countrys second largest export market and third largest source of imports. Furthermore, it was to work in support of an initiative of Bill Clinton to aid the people of Latin America. 6. They are not only beautiful but also confidently complete all tasks. On 11 March 2009, Forbes ranked Slim as the world's third-richest person, behind Gates and Buffett and ahead of Larry Ellison. Slim owns a second mansion in New York City at 10 West 56th Street, which he bought in 2011 for US$15.5million. 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[92], Later in 2017, Trump and Slim met in person. Pliegos fortunes suffered due to depressed consumer spending, but a stronger Mexican peso, nonetheless, increased his net worth by $1.2 billion in 2020. The state had a poverty rate of 29.1% in 2012. Carlos Slim Hel and family. These include white papers, government data, original reporting, and interviews with industry experts. The minimum wage in Mexico increased to $141.70 pesos per day on January 1, 2021. Mexican Rich List 2021 [ edit] Carlos Slim - US$62.8 billion - Telmex, Inbursa, Amrica Mvil, Grupo Carso and Telcel Germn Larrea Mota-Velasco - US$25.9 billion - Grupo Mxico Ricardo Salinas Pliego - US$12.9 billion - Grupo Salinas Alejandro Baillres - US$9.2 billion - Peoles and Palacio de Hierro Eva is one of the few Mexican billionaires whove increased their net worths since 2012. [1][2] From 2010 to 2013, Slim was ranked as the richest person in the world by the Forbes business magazine. He was forced to sell assets in both markets after the government made it illegal for any company to own more than 50 percent of the share market in any of those two markets. When he started his entrepreneurial drive, he benefited from his fathers lessons in accounting, finance and management. The only Mexican woman on the billionaire rankings, Aramburuzabala inherited a stake in beer giant Grupo Modelo from her father before its $20 billion sale to Anheuser-Busch InBev in 2013. These top 10 world's most beautiful uniforms will make you excited and eager to try once. 1. He manages that entire portfolio under Grupo Hermes. Explore The Unique Culture And Nightlife Of Tijuana With A Stay At These Boutique Hotels! The city has a population of 282,000 people and is located in the heart of the Rio de la Plato, which is a world-renowned natural beauty. America Movil is the telecom subsidiary of Mexican billionaire Carlos Slim. German Larrea Mota Velasco $12.8 billion, 10 Things You Didnt Know about CEO of Knotel Amol Sarva, 10 Things You Didnt Know about Dara Khosrowshahi, 10 Things You Didnt Know About Kim Reynolds, 10 Things You Didnt Know About Rahul Garg, 10 Things You Didnt Know about Austin Russell. Back then, she was worth $6.5 billion, but she is now worth $6.8 billion. Influencer Melissa Ray shared a TikTok Thursday of her trip to Oaxaca, Mexico. de C.V. (FEMSA) (FMX), a beverage production, distribution, and marketing company. The 10 richest people in Mexico are presented below. [64], On 29 March 2007, Slim surpassed American investor Warren Buffett as the world's second richest person with an estimated net worth of US$53.1billion compared with Buffett's US$52.4billion. In March 2012, Amrica Mvil acquired the broadcast rights for the Olympic Games in Sochi 2014 and the Brazil 2016 for Latin America. [14] Graduating as a civil engineering major, Slim has stated that his mathematical ability and his background of linear programming was a key factor in helping him gain an edge in the business world, especially when analyzing the financial statements of prospective companies when making business decisions and potential investment acquisitions.[15][22][23]. He was not the son of a rich man, and he hustled hard to reach his status. The conglomerate Grupo Salinas is a joint venture between Grupo Elektra and Ricardo Salinas Pliego. It is one of the most expensive cities to visit or live in in the continent, making it an ideal place to spend time. The Mexican peso had strengthened to about 21 pesos per dollar, and stock prices of many companies founded and run by Mexican billionaires rebounded significantly. She still serves on the board of ABInBev, and joined the board of directors of listed cosmetics firm Coty in December 2020. Orbia Advance Corp. shares doubled in the past year, driving his fortune up from $1.6 billion on the 2020 Forbes list. He is worth 3.7 billion dollars. The median household income in the United States is $56,990, which is $1,200 more than the national average. [45], In September 2012, Slim bought 30% stakes in Pachuca and Len, two Mexican soccer teams through his telecommunications company America Movil. Since 1996 she has also served as CEO of Tresalia Capital an investment firm. ", "Shazam Raises A Huge Round to the Tune of $32 Million", "Shazam Gets $40 Million Investment from Carlos Slim's America Movil", "UPDATE 1-Carlos Slim private equity fund sells stake in pharma company", "Slim seeks to build Telekom Austria into European player", "Carlos Slim dives into ailing Spanish economy, takes over troubled companies", "One of the richest men in the world is backing a startup that ranks Wall Street's hedge funds", "Fallece el empresario Julin Slim Hel, hermano de Carlos Slim", "La trgica historia de amor de Carlos Slim, el hombre ms rico de Mxico", "Mexican Billionaire Carlos Slim Is Quietly Transferring Assets To His Children", "A Priest's Legacy Survives, and Divides, in Mexico", "Francis heads to Mexico amid Legionaries of Christ disclosures", "Carlos Slim Hel tiene covid-19, confirma su hijo", "Carlos Slim Helu Now World's Second-Richest Man", "Carlos Slim, the richest man in the world", "Mexican overtakes Bill Gates as world's wealthiest man", "Year's richest man, first from emerging economy, bumps Gates", "Bill Gates Retakes World's Richest Title From Carlos Slim", "Mexico's Carlos Slim Reclaims World's Richest Man Title From Bill Gates", "Forbes 2017: World's top 20 billionaires", "Carlos Slim, owner of Sears Mexico, lives a surprisingly frugal life for a billionaire. Some of these places include the city of Monterrey, which is considered to be the wealthiest city in Mexico. Theyve held up Mexicos economy during its bad times, and they deserve some more financial reward. Chile is known for its cultural and historical diversity, as well as its economic wealth. [97], After stating that he had donated US$4billion of dividends to Fundacin Carlos Slim, US$2billion in 2006, and another US$2billion in 2010, Slim was ranked fifth in Forbes' World's Biggest Givers in May 2011. [31] He also acquired a 40% and 50% interest in the Mexican arms of British American Tobacco and The Hershey Company, respectively. Though it remains Mexico's fourth-largest fortune, the $6.4 billion amassed by Bailleres Gonzalez marks a $1 billion drop from last year, as shares of Industrias Peoles, Mexicos second-largest mining company, tanked nearly 50%. ", Statista. [83], In 2016, then Presidential candidate and eventual 45th President of the United States Donald Trump accused Slim of being involved in editorial articles critical of him published in The New York Times during his 2016 Presidential campaign. The Full List of South African Billionaires In 2023 - Who Are The Richest People In South Africa? Guadalajara, MX. In the video, Ray expressed gratitude for the Spanish architecture built in A typical household income in the United States is nearly $15,000 more than the countrys median income, which is $73,303. You can learn more about the standards we follow in producing accurate, unbiased content in our. The Most Successful Mexican Entrepreneurs. America Movil will spend as much as US$2billion to buy out minority shareholders in a mandatory public offer and invest up to 1billion euros (US$1.38billion) into the company, which it sees as "platform for expansion into central and eastern Europe". NEW MEXICO (KRQE) - Forbes 35th annual billionaire list says a New Mexico . [citation needed] Butaccording to his spokesmanhe devoted US$4billion, or roughly 5%, to his Carlos Slim foundation as of 2011. In the following year, Slim bought the Mexican arm of Sears Roebuck.[19][17]. 3, $11.0 billion); and Maria Asuncion Aramburuzabala (No. Slims wealth is primarily derived from his telecommunications company and other businesses holdings. After passing the Sirens island, Odysseus must navigate the straits between Scylla, a horrid six-headed monster,, Read More Between a Rock and a Hard PlaceContinue, Austin Russell is the founder of Luminar Technologies. Some love stories are everlasting and serve as inspiration for all lovers for generations to come. Concurrently, Slim established Carso Infraestructura y Construccin, S. A. Chile, according to official statistics, is the richest country in South America, with extremely high living standards as well as an economically prosperous economy. Read on to know how many billionaires Germany has. Lisa is also an editor on the Breaking News desk and oversees stories of national significance. He is notable because he is someone in his 20s who has nonetheless managed to become a billionaire. The supermarket chain, Aurrera, changed the brothers lives entirely. Lynch is the legendary former manager of the Magellan Fund. [3][4] He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. [15], At the age of 11, Slim invested in a government savings bond, which taught him about the concept of compound interest. Carlos Hank Rhon - $2.1 billion This tycoon is 71, and he has done his share of good work. 2023 Tour By Mexico. A mere 26.2 percent of Wyoming adults have a bachelors degree. "The 10 richest families in Mexico. In North Dakota, the median house price is $201,500, making owning a home more expensive. [5] As of February 2023, Bloomberg Billionaires Index ranked him as the 10th-richest person in the world with a net worth of $86 billion,[6] making him the richest person in Latin America.[6]. If the city were independent, it would be the third most populous in the European Union behind Madrid and Lisbon. Cuenca, Ecuador, is a stunning city known for its late sixteenth-century Spanish-style architecture. In terms of price, it is one of the most expensive cities in Latin America. prerequisite learning and attitude adjustment. ", Market Screener. Here are the unique life lessons that you should remember! After a two-year slump in copper prices, Grupo Mxico's share price more than doubled in 2020, propelling Larrea from the third-wealthiest Mexican billionaire to the second-place spot. [30] In addition, Grupo Carso's corporate conglomerate structure allows Slim to purchase numerous stakes across a wide range of industries, thereby making the overall conglomerate nearly recession-proof in the event that one or more industry sectors of the Mexican economy do not fare well. She successfully pursued a Bachelors degree in Arts and Science. [9], In 2019, Forbes put Slim in the list of the world's most generous philanthropists outside of the US. Take a look at the life of Mexico's richest man, who's lived in the same house for 40 years", "Carlos Slim Generates Billions of Value Creation in Telecom", "Slim Spending $1.4 Billion on Complex in Mexico City", "The real estate trend with billionaires is investing in U.S. property market", "Carlos Slim buys Spanish real estate on the cheap", "Slim's Big Giveaway: As the government steps up its scrutiny, the billionaire is stepping up his philanthropy", "Mexico's wealthiest mogul spurs controversy", "Dutch Government Issues Warning on Takeover of Telecom Firm KPN By Mexican Billionaire Carlos Slim", "America Movil Moves to Cut KPN Stake With Convertible Bond", "Carlos Slim Positions Himself to Benefit from the End to Pemex's Monopoly", "Mexican Tycoon Carlos Slim Poised To Take Advantage Of Mexico's Announced Oil Reform", "Carlos Slim Expands Oil Investments With Colombia Stake", "Pemex Hires Carlos Slim's Rig for $415 Mln", "In attacking billionaire Carlos Slim, Trump invokes Mexico, Again", "Mexican billionaire Carlos Slim was a Trump nemesis. A billionaire is an individual who has assets or a net worth of at least one billion currency units such as dollars, euros, or pounds. 7. Leo is predicted to be the winner of the month as lots of luck will come to Leo in May 2023. Gates' net worth was estimated to be at least US$58billion. It was Slim's first successful business acquisition in Europe. [19] During the same year, Slim underwent heart surgery and subsequently passed on much of his day-to-day corporate involvement to his children and their spouses. For the 2021 list of the worlds wealthiest, Forbes used exchange rates and stock prices from March 5, 2021. He took economics courses in Chile when he completed his engineering degree. Mexicos growing economy has benefited Slims companies, as the worlds largest energy consumer. Bogotas cuisine, culture, architecture, and history are just a few of the reasons why tourists come to the city. Just like the two richest women in Mexico, he holds a Bachelors degree in Arts and Science. [71], On 5 March 2013, Forbes stated that Slim was still maintaining his first-place position as the wealthiest person in the world, with an estimated net worth of US$73billion. Position in the global list: 13. [citation needed], On July 25, 2015, Slim's investment group Control Empresarial de Capitales invested in IMatchative, a technology startup that ranks the world's hedge funds creating in-depth behavioral profiles and business analytics. After that, Maria got a lucrative job serving as Anheuser-Busch InBevs board member. ", Reuters. [94], In 1995, Slim established Fundacin Telmex, a broad-ranging philanthropic foundation, which as he announced in 2007 had been provided with an asset base of US$4billion to establish Carso Institutes for Health, Sports and Education. In 2015, together with a business partner, Carlos Slim (the wealthiest man in Mexico), they did an IPO of their construction conglomerate, Elementia. 1. He had a clear vision for the new company after seeing that the manufacturing sector lacked, Read More 10 Things You Didnt Know About Rahul GargContinue, If you are familiar with ancient Greek mythology, then you may recall a particularly vivid scene in Homers Odyssey. Linda, of Lebanese ancestry, was born in Parral, Chihuahua. The average cost of purchasing a home in the state is $244,500. Slim's wealth is the equivalent of roughly 5% of Mexico's annual economic output. 16 richest on Forbes 2021 list, down from No. Carlos Slim owns Amrica Mvil (AMX), whose telecom operations reach 25 countries. This billionaire, and his father, is responsible for some of Mexicos biggest economic gains. [18] He went on to study civil engineering at the National Autonomous University of Mexico, where he also concurrently taught algebra and linear programming. Reluctant Mexican consumers in his banking and retail ventures resulted in fewer sales and loans. All of Mexico's billionaires reside in Mexico's capital, Mexico City. The richest state in Mexico is Baja California, or Baja California Norte, the country's 12th largest state. The tycoon first made his fortune in finance, as a former shareholder of Mexican bank Banamex, which was acquired by Citigroup in 2001 for $12.5 billion. As many banks were struggling and foreign investors were cutting back on investing and scurrying, Slim began investing heavily and acquired many Mexican flagship businesses at depressed valuations. [33], Amrica Telecom, the holding company for Amrica Mvil, was incorporated in 2000. This is a BETA experience. If you are looking for a place to live in Mexico that is wealthy, then you should definitely consider one of these places. in 2013 the company was sold to AB InBev for $20 billion. Slim has been involved with broadcasting sports outside Mexico to larger markets such as the United States. In the rise of his wealth, the Business magnate has engaged in the formation of several companies. Maria Asuncion Aramburuzabala. These cities are home to some of the most wealthy and influential people in the world, and offer a wide variety of luxury goods and services. Who is the richest man in Sout Africa? Astrology predicts the luckiest day of the week (March 6-12, 2023) for each zodiac sign. The states of Mexico, Jalisco and Guanajuato were also found to be among the wealthiest in the country, with GDP per capita of $14,532, $13,209 and $12,532 respectively. Who is the richest female billionaire in Mexico? Colorado, which is home to 5,456,574 people, has the twentieth highest population density in the United States. Lima is the capital of Peru and has the largest economy on the Pacific coast. [1][80] In May 2015, he listed the property for sale at $80 million, nearly twice what he had paid. His excellent managerial and administrative skills were further sharpened at Business Institute of Madrid where he earned a Masters degree. Large businesses and wealthy individuals exist in Mexico, particularly in larger cities. He is now the proud owner of America Movil and 17 percent of the New York Times. The wealthy also have a presence in other major cities like Monterrey and Guadalajara, as . Germn Larrea Mota Velasco 3. This 50-year old billionaire successfully pursued a Bachelors degree in Industrial Relations from Iberoamericana University. [21], Amidst the Mexican economic downturn before its recovery in 1985, Slim invested heavily by snapping up numerous Mexican flagship companies for pennies on the dollar. 4, $7.1 billion). Fast-forward two weeks, and all but one of the nation's billionaires were worth less than a year ago. [21] On December 8, 2007, Grupo Carso announced that the remaining 103 CompUSA retail stores would be either liquidated or sold, bringing an end to the struggling company,[38] although the information technology division of CompUSA continued under the name Telvista with various U.S. locations in Dallas, Texas (U.S. Corporate Office) and Danville, Virginia. [36], In 2005 Slim invested in Volaris, a Mexican airline[19] and established Impulsora del Desarrollo y el Empleo en Amrica Latina SAB de CV (using the acronym "IDEAL"roughly translated as "Promoter of Development and Employment in Latin America"), a Mexican construction and civil engineering company primarily engaged in not-for-profit infrastructure development. Germany is home to the richest billionaires in Europe and also in the world. The wealthiest person in Mexico is Carlos Slim, who made his $62 billion fortune in telecommunications. Mexico City offers a wide variety of cultural attractions, as well as a bustling nightlife scene. Carlos Slim Helu - $77.1 Billion. [41][42] The New York Times Company's Class A shares are available for purchase by the public and offer less control over the company than Class B shares, which are privately held. To help people make the right choices, in accordance with their needs, KnowInsiders would like to list the Top 10 most famous door lock brands for your reference and comparison. Carlos holds a Bachelors degree in Science and Arts. She also owns a minority stake in fashion line Tory Burch. New Mexico businessman Ron Corio made the 2021 list. Maryland residents accounted for 38 percent of those who obtained a bachelors degree. [72], On July 15 2014, Forbes announced that Slim had reclaimed the position of the wealthiest person in the world, with a fortune of US$79.6billion. [65], On 4 August 2007, The Wall Street Journal ran a cover story profiling Slim. Mexico: richest people by net worth in 2022, by value of fortune Carlos Slim Helu and his family had a fortune of 81.2 billion U.S. dollars and were the richest people in the country as of 2022, according to Forbes. Peoles is now the second biggest mining venture in Mexico. He had a good foundation that was deeply anchored in his fathers successful political career. Some parrot species such as the African Gray Parrot, Yellow-naped Amazon are known for their ability to understand human language better. She, with her mother and sister, inherited a stake in beer . Those are the richest men in Mexico that should be known for the money, not the others. There are a lot of celebrities and wealthy individuals living in this area. [19], Slim earned windfall profits in the early 1990s when Mexican government began privatizing its telecom industry. The legitimate billionaires are the ones that should serve as inspiration for you to become a billionaire yourself. [51], On 23 April 2014, Slim took control of Telekom Austria, Austria's largest telecommunications company, which operates telcos in countries such as Bulgaria, Croatia and Belarus, under a 10-year agreement. 3, $10.9 billion); and Alejandro Bailleres Gual (No. Here are Mexico's 13 billionaires; net worths are as of March 5, 2021: #1 | Carlos Slim Hel NET WORTH: $62.8 BILLION SOURCE OF WEALTH: TELECOM RESIDENCE: MEXICO CITY Slim, whose largest asset. He started a successful supermarket chain with his younger brothers at the age of 33 years. [46] Slim has also completed business deals for the television rights to games of the Leon soccer team. After graduating from university in 1961, Slim began his business career by starting off as a stock trader in Mexico, often working 14-hour days. Mexico: richest people by net worth in 2022, by value of fortune Carlos Slim Helu and his family had a fortune of 81.2 billion U.S. dollars and were the richest people in the country as of 2022, according to Forbes. His networth dropped from $16.5 billion in 2012 to $9.9 billion due to the decline of metal prices in a slowed down global economy. He is CEO of toll road company Promotora y Operadora de Infraestructura, known as Pinfra, and owns about 29% of the stock. Industry: Telecom. In December 2012, he bought all the shares of the second division team Estudiantes Tecos. He's among the 25 richest people in the world. As of March 4, 2023, Bernard Arnault had a net worth valued at $189 billion, making him the wealthiest person As of March 3, 2023, Gina Rinehart was the wealthiest person in Australia, with an estimated net worth of 29.2 As of March 3, 2023, Georg Stumpf was thewealthiest man in Austria, with an estimated net worth of 7.9 billion As of March 3, 2023, Jorge Paulo Lemann was thewealthiest man in Brazil, with an estimated net worth of 15.9 As of March 3, 2023, David Thomson was thewealthiest man in Canada, with an estimated net worth of 54.9 billion Wealthiest People in Japan (February 20, 2023), Why Academic Freedom Should Be Encouraged in Universities, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, The Worlds Richest People (Top Billionaires, 2023), Wealthiest People in Australia (March 3, 2023), Wealthiest People in Austria (March 3, 2023), Wealthiest People in Brazil (March 3, 2023), Wealthiest People in Canada (March 3, 2023), Inclusion and Diversity at CEOWORLD magazine, German Larrea Mota Velasco & family: $27.0 billion, Ricardo Salinas Pliego & family: $11.0 billion, Alejandro Bailleres Gual & Siblings: $7.1 billion, Maria Asuncion Aramburuzabala & family: $6.3 billion, Juan Domingo Beckmann Legorreta & family: $4.4 billion, Antonio Del Valle Ruiz & family: $3.2 billion, Karen Virginia Beckmann Legoretta: $3.1 billion. The legitimate billionaires are seemingly coming back to financial growth. ], In 1911, Julin established a dry goods retail store, La Estrella de Oriente (The Star of the Orient). He ranks No. Antonio Del Valle Ruiz is placed 8th with a net worth of $3.1 billion. [100], Slim has been Chair of the Council for the Restoration of the Historic Downtown of Mexico City since 2001. Corrales Village is one of New Mexicos wealthiest cities. [17][19], In 1988, Slim bought Nacobre, a copper manufacturing company that manufactures, markets and distributes copper and copper alloy products, along with a chemical company, Qumica Fluor. He got nearly $500 million in 2017 when he sold his Grupo Financiero Interacciones to Grupo Banorte, the Monterrey-based bank founded by his wifes father, the late billionaire Roberto Gonzalez Barrera (d. 2012). And that is true in Mexico as well. (adsbygoogle = window.adsbygoogle || []).push({}); As of February 20, 2023, Carlos Slim Helu was thewealthiest man in Mexico, with an estimated net worth of 90.7 billion U.S. dollars, followed byGerman Larrea Mota Velasco (No. 2, $26.2 billion),Ricardo Salinas Pliego (No. In 1902, at the age of 14, Haddad emigrated to Mexico alone, and later changed his name to Julin Slim Haddad. [82] Critics claim that Slim is a monopolist, pointing to Telmex's control of 90% of the Mexican landline telephone market. They are often used for racing, working in the fields, herding sheep or pulling carts. His real estate holding company, Inmobiliaria Carso has developed, invested, owned and operated many residential and commercial real estate properties across Mexico since the 1960s. The North Island in the Seychelles is one of the worlds most luxurious and environmentally friendly private islands. Now the president-elect says he's 'wonderful', "Mexico's Carlos Slim Joins Ranks of World's Biggest Philanthropists", "From Azim Premji to Carlos Slim: The World's Most Generous Billionaires Outside Of The U.S.", "Slim: el Museo Soumaya Plaza Carso, para acercar el arte a quienes no pueden viajar", "F1: Sauber Signs Perez, Sponsor Telmex For 2011", "Motor racing-Mexico's Perez to race for Sauber", Hillary Clinton Follows Christie to Mexico for Carlos Slim Event, "Inauguration of Marian Plaza in the Basilica of Guadeloupe- Mexico", "Golden Plate Awardees of the American Academy of Achievement", "10.12.11 Galas, Appeals, and Children's Rights", Honorary Doctorate in Public Service by George Washington University, https://en.wikipedia.org/w/index.php?title=Carlos_Slim&oldid=1140054184, Mexican businesspeople in the oil industry, Mexican telecommunications industry businesspeople, National Autonomous University of Mexico alumni, Recipients of the National Order of the Cedar, Pages with non-numeric formatnum arguments, Pages containing links to subscription-only content, Articles with dead external links from June 2016, Articles with dead external links from August 2022, Wikipedia pending changes protected pages, Wikipedia articles that are excessively detailed from November 2020, All articles that are excessively detailed, Wikipedia articles with style issues from November 2020, Articles with unsourced statements from October 2020, Articles lacking reliable references from April 2011, Articles with unsourced statements from September 2022, Pages using Sister project links with wikidata namespace mismatch, Pages using Sister project links with hidden wikidata, Pages using Sister project links with default search, Creative Commons Attribution-ShareAlike License 3.0, Entrepreneurial Merit Medal of Honor in 1985 from Mexico's, Fundacion Telmex received in 2007 the National Sports Prize of Mexico for sports promotion, In 2008, his philanthropy was recognized with the award of, On 20 May 2012, Slim was awarded an honorary doctorate in public service from, The New York Times Syndicate & News Service, This page was last edited on 18 February 2023, at 05:27. He successfully pursued an engineering degree from the Universidad National Autonoma de Mexico. Together with Fundacin Carlos Slim Hel, Telmex announced in 2008 that it was to invest more than US$250million in Mexican sports programs, from grass-roots level to Olympic standard. [83] Telmex, of which 49.1% is owned by Slim and his family, charges among the highest usage fees in the world, according to the Organisation for Economic Co-operation and Development. [68] It was the first time in 16 years that the person on top of the list was not from the United States. Aramburuzabala has led the company to make investments in construction, telecommunications, and the internet. [41] According to the company's 2016 annual filings, Slim owned 17.4% of the company's Class A shares, and none of the company's Class B shares. Slim's estimated fortune soared to US$59billion, based on the value of his public holdings at the end of July. Some of the most popular and well-known wealthiest cities include London, New York, Paris, and Dubai.
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