Carlos Slim

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.

BREAKING DOWN '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 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. Economics

    How Warren Buffet Made Berkshire Hathaway A Winner

    Berkshire Fine Spinning Associated and Hathaway Manufacturing Company merged in 1955 to form Berkshire Hathaway.
  5. Economics

    Trump vs. Bloomberg: How They Compare

    If Bloomberg enters the presidential race how will he compare to billionaire brethren Trump?
  6. Investing Basics

    This is What Donald Trump's Portfolio Looks Like

    Find out what Donald Trump's portfolio looks like and gain some interesting insights into the way the billionaire's investment mind works.
  7. Investing

    John D. Rockefeller: Biography

    Focusing on a historical figure’s “contradictions” is a tired cliché, but in the case of John Davidson Rockefeller (1839 – 1937), it’s hard to avoid.
  8. Investing

    Cornelius Vanderbilt Biography

    “Commodore” Cornelius Vanderbilt (1794-1877) was born into a poor family and quit school at age 11, but his shrewd – some would say ruthless – approach to business allowed him to consolidate ...
  9. Wealth Management

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

    Aside from his renowned investing prowess, Buffett is legendarily frugal.
  10. Mutual Funds & ETFs

    4 ETF Strategies for Growth in Latin America for 2016

    Use these strategies to invest in Latin American ETFs in 2016. The region has several underperformers such as Brazil but it still offers growth.
RELATED FAQS
  1. Is Mexico a developed country?

    As of 2015, Mexico is not a developed country. However, it beats the majority of its peers in the developing world on most ... Read Full Answer >>
  2. Is Mexico an emerging market economy?

    Mexico meets all the criteria of an emerging market economy. The country's gross domestic product, or GDP, per capita beats ... Read Full Answer >>
  3. 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 >>
  4. 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 >>
  5. 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 >>
  6. 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 >>
Hot Definitions
  1. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  2. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  3. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  4. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  5. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center