Carlos Slim

AAA

DEFINITION of 'Carlos Slim'

A magnate of the Mexican telecommunications industry. Slim made his early wealth in the stock market and has held controlling interests in many companies over the years, most significantly Telmex and América Móvil, which together account for most of the land lines and cell phones in Mexico. He has also held major investments in Apple, the New York Times Company, Saks, Grupo Carso, Inbursa, Ideal, CompUSA and MCI, among others.

INVESTOPEDIA EXPLAINS 'Carlos Slim'

Slim's wealth is comparable to that of Bill Gates and Warren Buffett, yet he is relatively unknown outside of Latin America. In 2010, Forbes' annual billionaire list ranked him as the wealthiest man in the world, ousting Bill Gates from the position.

RELATED TERMS
  1. Warren Buffett

    Known as "the Oracle of Omaha", Buffett is Chairman of Berkshire ...
  2. Theo Albrecht

    Theo Albrecht (Theodor Paul Albrecht), born in 1922, is a German ...
  3. Forbes

    Forbes is an American media and publishing company headed by ...
  4. Bill And Melinda Gates

    Two out of the three co-chairs of the Bill and Melinda Gates ...
  5. Berkshire Hathaway

    A holding company for a multitude of businesses run by Chairman ...
  6. Benjamin Graham

    A scholar and financial analyst who is widely recognized as the ...
RELATED FAQS
  1. How are Rupert Murdoch's holdings distributed?

    Rupert Murdoch owns a controlling share of News Corporation and over 750 different businesses. Some of the major brands he ... Read Full Answer >>
  2. How did Bernard Baruch attain his wealth?

    Bernard Baruch obtained his fortune by investing in profitable stocks on Wall Street. Baruch is known as a legendary stock ... Read Full Answer >>
  3. Why was Bernard Baruch known as the "Park Bench Statesman?"

    As someone who preferred to conduct his meetings in informal settings and was led by persuasion rather than pressure, Bernard ... Read Full Answer >>
  4. How did Nathan Rothschild become a stock exchange speculator?

    Market maker Nathan Rothschild learned much of his financial savvy from his father, who dealt in coins and paper money. He ... Read Full Answer >>
  5. Why does Richard Branson keep opening up new Virgin products instead of focusing ...

    Entrepreneur and billionaire Richard Branson keeps introducing new Virgin products because he’s an opportunist at heart. ... Read Full Answer >>
  6. What advice does Howard Schultz offer would-be business moguls?

    Starbucks CEO, billionaire and former sports tycoon Howard Schultz has several pieces of advice for would-be moguls and, ... Read Full Answer >>
Related Articles
  1. Economics

    J.D. Rockefeller: From Oil Baron To Billionaire

    More than 70 years after his death, this man remains one of the great figures of Wall Street.
  2. Trading Strategies

    Invest Like A Pro

    By following the strategies of the pros, even a beginner can learn to invest like an expert.
  3. Professionals

    Warren Buffett's Frugal, So Why Aren't You?

    The Oracle of Omaha has a net worth in the billions, but his lifestyle is not as rich as you may think.
  4. Professionals

    Top Places to Work for Financial Advisors

    Looking for a job in the financial services sector? Here's a list of the top companies for financial advisors.
  5. Investing

    7 Sentences Successful People Never Say

    Success & wealth are not something that can be accomplished overnight. Here, we interviewed more than a thousand millionaires to find out their secrets.
  6. Professionals

    Azim Premji: India's Generous Manufacturing Mogul

    Azim Premji transformed a cooking fat company into a conglomerate that's advanced India's IT sector, but he's also someone who helps the less privileged.
  7. Mutual Funds & ETFs

    Is the PowerShares (PFEM) ETF a Good Bet Now?

    What you need to know if you are considering trading PowerShares Fundamental Emerging Markets Local Debt ETF.
  8. Investing

    What Education Do You Need To Become A Billionaire?

    What kind of education does it take to become a billionaire? We take a look at the formal and informal education of the world's five richest people.
  9. Mutual Funds & ETFs

    What's the Best ETF for Exposure to Mexico?

    Mexico should look more enticing to investors than in the past for a very good reason. Is EWW the way to play it?
  10. Investing

    Meet The Advisors To The Richest People In The U.S

    Celebirty financial advisors to the rich can offer important money lessons anyone can learn — as well as a whole host of mistakes to avoid.

You May Also Like

Hot Definitions
  1. Capital Stock

    The common and preferred stock a company is authorized to issue, according to their corporate charter. Capital stock represents ...
  2. Unearned Revenue

    When an individual or company receives money for a service or product that has yet to be fulfilled. Unearned revenue can ...
  3. Trailing Twelve Months - TTM

    The timeframe of the past 12 months used for reporting financial figures. A company's trailing 12 months is a representation ...
  4. Subordinated Debt

    A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known ...
  5. International Financial Reporting Standards - IFRS

    A set of international accounting standards stating how particular types of transactions and other events should be reported ...
  6. Geometric Mean

    The average of a set of products, the calculation of which is commonly used to determine the performance results of an investment ...
Trading Center