© 2011 Arabian Business
01. Carlos Slim Helu
02. Prince Alwaleed bin Talal al Saud
03. The Al Rajhi Family
04. The Hariri Family
05. Nasser Al Kharafi
06. Abdulaziz Al Ghurair
07. The Bin Laden Family
08. Mohammad Amoudi
09. The Olayan Family
10. The Kanoo Family
11. Said Khoury
12. The Sawiris Family
01 Carlos Slim Helu | Lebanon / Mexico | US$53.1 billion
The world’s richest man is President of Telefonos de Mexico SA de CV or TelMex, a US$20bn telecommunications company and the country’s largest mobile operator America Movil, both of which endow him with control of 90% of the telecommunications industry in Mexico.
His greatest asset is diversification: His investment group Grupo Carso owns an ISP (Prodigy), an online bank, department stores, a cigarette company (Cigatam), CompUSA electronic retail chain, and a restaurant chain with hundreds of locations.
The 68 year-old, who is not only the richest man in Mexico but also in Latin America, is originally from Lebanon. He inherited a small fortune from his father, Yusef Salim Haddad (known as Julian Slim Haddad), who made his money in several ventures and like many Lebanese Christians immigrated to Mexico when Lebanon was under the Ottoman Empire.
Slim the son, who is an engineer, began buying controlling shares in companies that have high cash flows, such as TelMex, which then subsidized other acquisitions. In 2002, he bought 13% of the U.S. telecom company MCI for US$300m and sold his shares to Verizon three years later for US$1.1bn.
He was a member of the board of tobacco giant Philip Morris, Alcatel, Southwestern Bell Corp. (SBC), and was the first president of the Latin-American Committee NYSE Administration Council at the New York Stock Exchange. The joke in Mexico is that Helu owns half of the businesses in the country.
01. Carlos Slim Helu
02. Prince Alwaleed bin Talal al Saud
03. The Al Rajhi Family
04. The Hariri Family
05. Nasser Al Kharafi
06. Abdulaziz Al Ghurair
07. The Bin Laden Family
08. Mohammad Amoudi
09. The Olayan Family
10. The Kanoo Family
11. Said Khoury
12. The Sawiris Family
01 Carlos Slim Helu | Lebanon / Mexico | US$53.1 billion
The world’s richest man is President of Telefonos de Mexico SA de CV or TelMex, a US$20bn telecommunications company and the country’s largest mobile operator America Movil, both of which endow him with control of 90% of the telecommunications industry in Mexico.
His greatest asset is diversification: His investment group Grupo Carso owns an ISP (Prodigy), an online bank, department stores, a cigarette company (Cigatam), CompUSA electronic retail chain, and a restaurant chain with hundreds of locations.
The 68 year-old, who is not only the richest man in Mexico but also in Latin America, is originally from Lebanon. He inherited a small fortune from his father, Yusef Salim Haddad (known as Julian Slim Haddad), who made his money in several ventures and like many Lebanese Christians immigrated to Mexico when Lebanon was under the Ottoman Empire.
Slim the son, who is an engineer, began buying controlling shares in companies that have high cash flows, such as TelMex, which then subsidized other acquisitions. In 2002, he bought 13% of the U.S. telecom company MCI for US$300m and sold his shares to Verizon three years later for US$1.1bn.
He was a member of the board of tobacco giant Philip Morris, Alcatel, Southwestern Bell Corp. (SBC), and was the first president of the Latin-American Committee NYSE Administration Council at the New York Stock Exchange. The joke in Mexico is that Helu owns half of the businesses in the country.
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