⬅ # 13 Michael Bloomberg|# 15 Michael Dell

# 14 Carlos Slim Helu 

$104B

Real Time Net Worth
as of 5/21/2024
-$1.3B (-1.25%)

# 14 Carlos Slim Helu 

$104B

Real Time Net Worth
as of 5/21/2024
-$1.3B (-1.25%)
OccupationHonorary Chair, América Móvil
Source of WealthTelecom
Age84
ResidenceMexico City, Mexico
Marital StatusWidowed
Children6
EducationBS, Universidad Nacional Autonoma de Mexico
Age-Adjusted Net Worth$20.6B
Carlos Slim Helu
Carlos Slim Helu
Mexico
Net worth: $104B

Self-Made Score 

Wealth History

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Biography

Carlos Slim Helu was born on January 28, 1940, in Mexico City, Mexico.
In 1990, Slim acquired the struggling telecommunications company Telmex from the Mexican government, marking the beginning of his significant foray into the telecommunications industry.
Under Slim's leadership, Telmex became a dominant telecommunications player in Mexico, and he expanded his influence globally through various strategic investments.
Slim diversified his business holdings to include a wide range of industries, such as finance, construction, and real estate, through Grupo Carso, his conglomerate founded in 1980.
In 2010, Slim was ranked as the world's richest person by Forbes magazine, showcasing the success of his business empire.
Slim played a key role in the development of Latin America's largest mobile carrier, América Móvil, which operates in numerous countries across the Americas and Europe.
Known for his investment philosophy of supporting companies with strong cash flows and growth potential, Slim has made significant investments in companies like The New York Times, Saks Fifth Avenue, and Philip Morris.
Slim is actively involved in philanthropy, contributing to causes such as education, healthcare, and poverty alleviation through his Carlos Slim Foundation.

How long would it take you to become as rich as Carlos Slim Helu?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Carlos Slim Helu's net worth of $104B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Carlos Slim Helu is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Carlos Slim Helu, Telecom is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey