Carlos Slim Helu | Biography, Pictures and Facts
While at school he was also teaching algebra and linear programming but went into the business industry immediately after graduating. Having received numerous years of business training from his father, Carlos began his career by starting his own brokerage. He would invest in small individual businesses, and by the year , he had grown his business enough that he could incorporate other companies or even buy them out entirely. After going through heart surgery, he began to pass on some of his daily work to his children and backed away from the business life.
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They get pride from what they are doing. Each person forges his or her own destiny.
View our larger collection of the best Carlos Slim Helu quotes! Material items are not essential for happiness. Most of the time the most meaningful and valuable things in life are things like love, kindness, and honor.
Carlos Slim Helú, Mexico’s Richest Tycoon, is a Study in Business Acumen
Do not let your life be burdened by mistakes from the past because no matter what your past may have been, you can pave the way for your own future. Live each moment to its fullest and be fearless. You deserve to feel good about yourself and cherish your achievements. Carlos Slim Helu is one of the wealthiest men in the world and has spent nearly his entire lifetime in the business industry.
Having made his first investment at the age of 12, he now is a multi-billionaire who owns stakes in some of the biggest companies in the world. Dan Western is the founder of Wealthy Gorilla.
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Dan has been running Wealthy Gorilla for the last 5 years, whilst traveling the world and being able to call Bali, Indonesia, his HQ. After University, Carlos Slim Helu lost no time in building the foundations of his business empire, and started to invest in property. Throughout the s and s, Carlos Slim Helu continued his strategy of researching and making clever investments in booming industries, mainly in commercial property, mining and construction.
By the early s, Carlos Slim Helu was a successful and wealthy man, but had not reached the huge levels of success that he enjoys today.
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The Mexican economic crash of was what delivered the opportunity to consolidate his wealth. The economy of Mexico had been built on oil revenue, but in the early 80s the price of oil fell rapidly, leading to a shrinking of the economy, rising interest rates and the devaluing of the Mexican currency, the peso. At this time of great crisis for many companies, Carlos Slim Helu seized the chance to purchase companies at rock bottom prices.
As the economy began to recover and the share prices of the recently acquired businesses began to rise, Slim Helu used the capital to make a move into the financial services industry too. The telecommunications industry was taking off in Mexico at the start of the s and once again, Carlos Slim Helu was in the right place at the right time. He invested in the Mexican national landline telephone company when it was being floated by the government, and soon diversified into cell phone technology. His investments in the downturn of the s were the foundation of his wealth, and throughout the s he continued to sell businesses which were successful then use the return to invest in others which were up and coming.
Slim Helu has bought and sold interests in tobacco and cigar manufacturers, retail operations such as Saks and tile companies.