Friday, March 4, 2016

Carlos Slim, an austere and versatile magnate affected by a volatile market – El Diario de Yucatan

         


     

Mexico, March 4 (EFE) .- In private, Mexican tycoon Carlos Slim is known for its simplicity and austerity, and in public, for good nose for business, which has led to his 76 years to accumulate 57,200 million, according to the list of the largest fortunes in the world by Forbes magazine.

Slim came to head the list between 2010 and 2012, but in 2016 has become “the biggest loser dollar “fell to fourth place, affected mainly by lower earnings dragging the mobile phone operator America Movil.

 

With a presence in 18 countries in America and Europe in July, and more than 289 million mobile customers and 34 fixed lines, America Movil posted a net income drop 24.1% in 2015 compared to 2014 .

This “following the new regulations telecommunications Mexico, a weaker Mexican peso and the economic decline of Brazil,” said Forbes.

the telecommunications reform of 2013 in his country he forced America Movil to sell assets to reduce to less than 50% its share in the domestic market.

But his presence in this sector, which also owns shares of Telmex, is not the only source of income billionaire of Lebanese origin, who owns the Inbursa Financial Group, which operates a bank, brokerage firm, an administrator of retirement funds and insurance, among other subsidiaries.

also, Slim maintains control of its businesses primarily through the Carso Group, one of the largest conglomerates in Mexico, including the Condumex Group, the company PC Builders, Swecomex (which manufactures oil rigs) and the company Carso Infraestructura y Construccion.

through Inversora Carso, Carlos Slim, the main shareholder of the Spanish construction firm FCC announced Friday the launch of a takeover bid (OPA) on the company after more than 30% of its capital.

Slim became the end of 2014 the main shareholder of FCC after buying from Esther Koplowitz their rights under the previous capital increase for 1,089 million dollars.

their long tentacles in the business world cover countless businesses.

in Mexico has a commercial sector that operates the Sanborns chain, and chain stores and hotels, and the United States became in 2015 the largest shareholder Single of the New York Times a share of almost 17%.

Slim is the majority owner of football teams, including Real Oviedo, Spain, which also has a stake in La Caixa, where he entered a shareholder in 2011 after buying a stake in Criteria before becoming CaixaBank.

because of that voracity, his detractors accuse him of monopolizing markets, the key to amass such a fortune from 90 to date in a country where nearly half the population is poor.

Perhaps for this reason, Slim has been devoted in recent years to combine its activity in the world of money with the Carlos Slim Foundation, which manages various organizations and programs in education, employment, health or culture., among others

in fact, in the last twelve years this Mexican of Lebanese origin has left most of the control of their companies to their children, sons and nephews, and he has focused on his philanthropic activities.

According to sources close to Slim, the billionaire is the enemy of ostentation and extravagance, is informal, working in shirtsleeves and never wears jewelry ostentatious, like the antithesis of the magnates who pose for magazines socialite.

“I am not rich, I’m rich,” jokes when they make comments about his fortune. It has simple tastes, such as sweet Morelia, Mexican snacks and palettes of flavors.

This image of simple man, good-natured does not prevent Slim is strongly linked to Mexican powerful, are the political color they are, as highlighted by the journalist Diego Osorno, author of the free “Slim. political biography of the world’s richest Mexican. “

It has” a capacity to accommodate all these turns “system in recent years, told Efe. A proof of his versatility.

Slim, who was born in 1940 into a family of Lebanese immigrants, married Soumaya Domit in 1966, died in 1999, and the couple had six children (Carlos, Marco Antonio , Patrick, Soumaya, Vanessa and Johanna), which have given a total of 19 grandchildren, which is for him the most important value.

his hobbies are baseball, enjoy ecotourism, the Sea of ​​Cortez and art, while one of the major museums of the capital, with 66,000 works, created his foundation and was named after his late wife, Soumaya Museum. EFE


               
         

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