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.


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.

  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. Wealth Management

    A Look At Britney Spears' Net Worth and Her Conservatorship

    Discover how Britney Spears' net worth plunged in 2007 and has since been growing under the management and direction of her conservatorship.
  5. Entrepreneurship

    Top 4 Billionaires Living in Los Angeles

    Learn how these multibillionaires built their fortunes to stand out from the crowd of the countless ultra-rich who call Los Angeles home.
  6. Investing

    4 Billionaires Who Dropped Out of Harvard

    People who became successful despite dropping out of Harvard University.
  7. Investing Basics

    Stock Picking Won’t Make You a Billionaire

    Find out why it's impossible to become a billionaire by just picking stocks, and what it really takes to land among the world's super wealthy.
  8. Professionals

    Common Interview Questions for Business Analysts

    Identify some of the most common job interview questions asked of business analyst candidates, and learn the responses that will make you stand out.
  9. Mutual Funds & ETFs

    The Next Big ETFs Might Be From Latin America

    These ETFs are an excellent place to start for any investor interested in betting on Latin America.
  10. Wealth Management

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

    Aside from his renowned investing prowess, Buffet is legendarily frugal.
  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 >>

You May Also Like

Hot Definitions
  1. Cyber Monday

    An expression used in online retailing to describe the Monday following U.S. Thanksgiving weekend. Cyber Monday is generally ...
  2. Bar Chart

    A style of chart used by some technical analysts, on which, as illustrated below, the top of the vertical line indicates ...
  3. Take A Bath

    A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative ...
  4. Black Friday

    1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold ...
  5. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  6. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
Trading Center