Carlos slim

America Movil SAB has accused AT&T Inc. of coming between the media giant and its long-sought television license in a feud that has escalated to public name-calling as regulators decide whether to grant the permits. America Movil chairman Carlos Slim Domit said at a rare press conference Tuesday that AT&T’s performance in Mexico has more to do with it appointing “mediocre” executives than lack of competition in the industry.

1940 Carlos Slim is born on January 28, in Mexico City. 1961 He completes his professional studies in civil engineering at the National Autonomous University of Mexico (known by its Spanish acronym UNAM), where he also taught Algebra and Linear Programming; he taught the latter while still studying, meaning he was simultaneously a student and professor. 1965 He incorporates Inversora Bursátil and becomes its chairman of the Board of Directors. By acquiring Jarritos del Sur and incorporating Inmobiliaria Carso, he begins to establish the basis of what later becomes Grupo Carso, whose name combines the first syllables of Carlos and Soumaya. 1966 At the end of this year he marries Soumaya Domit Gemayel. 1967 He founds and heads Promotora del Hogar, S.A., a residential real estate company, and GM Maquinaria, which buys, sells and rents construction equipment. 1968 Acquires and manages Mina el Volcán SSG Inmobiliaria, S.A. 1969 Three new companies start operations: Bienes Raíces Mexicanos, S.A., Nacional de Arrendamientos, and Invest Mentor Mexicana. 1980 Grupo Galas, today Grupo Carso, is formed, whose principal activities at the time were industry, construction, mining, retail, food and tobacco. 1982 During the 1982 economic crisis, with the country’s finances almost paralyzed, Carlos Slim continued to invest in companies such as Reynolds Aluminio, Sanborns, General Tire, among others, until 1984. 1984 Acquires Bimex, S.A., Hulera El Centenario Firestone, 40% of British Ameri...

Carlos Slim Helú, (born January 28, 1940, Mexico City, Mexico), Mexican Grupo Carso, SA de CV, amassed interests in the fields of communications, insurance, construction, energy, Slim was born into a family of Lebanese Christian immigrants to For more than a dozen years, Slim’s key holding and the anchor of his success was his ownership of the former national telephone SBC Communications Inc. Grupo Carso also held extensive interests in numerous Mexican companies. By the late 1980s Slim had forged close ties with Pres. Slim acquired the ailing electronics products and services company CompUSA in 2000. After realizing that he had misjudged his ability to turn the company around—a rare misstep for Slim—he sold it in 2007. By the following year Slim had become the largest shareholder in the A noted art collector and philanthropist, Slim founded (1994) a not-for-profit art museum, Museo Soumaya (named for his wife), in Carlos Slim Foundation, focusing on the areas of health, sports, and education through such organizations as the Carlos Slim Institute of Health, which funds research projects on

In modern history, no one has dominated a major economy as overwhelmingly as Carlos Slim does that of Mexico. Illustration by Barry Blitt When the credit window suddenly slammed shut last fall, the New York Times Company found itself with a four-hundred-million-dollar line of financing scheduled to expire in May, and no obvious way to raise the money. Advertising revenue at the Times was tumbling, as it was at every American newspaper, and the company was servicing $1.1 billion in debt, which was more than the business was worth. Standard & Poor’s had reduced the company’s credit rating to below investment-grade status, making it difficult for the paper to secure new financing. While Times reporters were chronicling the implosion of some of the country’s most significant brokerages, banks, mortgage lenders, and insurance companies, their own institution seemed to be on the verge of collapse. In October, 2008, Chris Wood, a representative of SunTrust, an Atlanta bank that had loaned about eighty million dollars to the Times, approached Inbursa, a bank in Mexico City that belongs to Carlos Slim Helú, a Mexican businessman who is sometimes ranked as the richest man in the world. A month earlier, Slim had taken a substantial position in the Times Company. Wood asked Slim if he would lend the company two hundred million dollars. Discussions went on until Thanksgiving, when an informal agreement was reached. The terms were onerous: the loan was for six years, at an interest rate...

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/billionaire-carlos-slims-new-york-city-megamansion-back-on-the-market-for-80-million-01674574251 The opulent Beaux Arts-style townhouse on Manhattan’s tony Fifth Avenue belonging to Mexican billionaire Carlos Slim is back on the market, complete with an $80 million price tag. The landmarked Upper East Side property—directly across the street from Central Park and the Metropolitan Museum of Art—is the priciest townhouse on the market in New York City, listing records show. More: Also known as the Benjamin N. Duke House, after its first owner, the limestone and red-brick house “is one of the last remnants of the luxurious mansions along Fifth Avenue facing Central Park that remain in private hands,” according to the listing with Jorge Lopez of Compass, who declined to comment on the home. Inside the eight-bedroom home, the rooms are lavish and large. Compass Across its five floors and 20,000 square feet of living space—which makes it the largest home on the market in the city—the property is fitted with palatial rooms, high ceilings, large windows, marble fireplaces and ornate moldings. There are eight bedrooms, 10 bathrooms, a grand staircase, a “striking” skylight and a terrace and a rooftop with views of Central Park and the city skyline, the listing said. Fri...

E very weekday morning at seven o’clock, a dozen or so reporters line up outside the federal courthouse in Brooklyn to assure themselves a seat at the trial of Joaquín Guzmán, the Sinaloa cartel boss. Articles have touted the many garish revelations that have emerged, including Guzmán’s private zoo, his use of a diamond-encrusted pistol, his smuggling tunnels underneath the US–Mexico border, the huge bribes paid to officials, and the murder of a cartel leader’s brother who refused to shake his hand. “How Many Gory Details Can One Jury Take?” asked a headline in the New York Times, which has supplied its readers a steady stream. Vice News is offering an eight-part podcast, Chapo: Kingpin on Trial, based on years of reporting on the people “affected by El Chapo’s rise and fall”. I’ve avoided using that moniker, for it feeds the sense of chummy celebrity that’s arisen around the man. The trial’s coverage recalls the star treatment given Pablo Escobar and the Medellín cartel three decades ago. The “Kings of Cocaine”, they were then called, and their legend has been sustained by such blood-drenched productions as “Narcos”. Such glamorizing not only insults the families of those who were murdered and disappeared by these criminals, but also blurs the fact that the drug war has been a dismal failure. In fact, that war has fed the violence, since removing cartel leaders disrupts the market, creating a vacuum that gangs fight to fill. It was the DEA’s “success” in shutting down the...

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Mexico's richest man lives a surprisingly frugal life for a billionaire. Take a look at the life of Carlos Slim, who owns Sears Mexico and has lived in the same house for 40 years. https://www.businessinsider.in/thelife/news/mexicoaposs-richest-man-lives-a-surprisingly-frugal-life-for-a-billionaire-take-a-look-at-the-life-of-carlos-slim-who-owns-sears-mexico-and-has-lived-in-the-same-house-for-40-years-/slidelist/78324512.cms 2020-09-26T00:23:40+05:30 2020-09-25T23:10:40+05:30 Mexico's richest man lives a surprisingly frugal life for a billionaire. Take a look at the life of Carlos Slim, who owns Sears Mexico and has lived in the same house for 40 years. Carlos Slim is the wealthiest man in Mexico by far.Cario Lopez-Mills/ AP • • The 80-year-old Mexican billionaire controls America Movil, the largest mobile-phone operator in Latin America, and holds stakes in several other publicly traded companies, including The New York Times. • Slim also owns • Slim lives a surprisingly frugal lifestyle for a billionaire: He doesn't own any yachts or planes and Carlos Slim Helu — Mexico's wealthiest man — is Slim's influence is far-reaching in Mexico and abroad. Bloomberg estimates Slim's But, considering he's involved in Despite his wealth, Slim lives a relatively frugal lifestyle; he's lived in the same six-bedroom house for more than 40 years. Here's a look at Slim's life and massive business empire. Christi Danner contributed to an earlier version of this article. REUTERS/Edgard Gar...