Rather than simply handing his children cash, he is carving up and giving control of his businesses to them to run. Because Slim is in his 80s, this sort of estate planning ensures that his companies and wealth will continue to grow even after his death. Although Carlos Slim has more money than nearly everyone else on earth, he also gives away more money than nearly an individual on earth. Slim also donated a similar amount to The Latin America in Solidarity Action Foundation ALAS , a non-profit formed by businessmen, artists, and prominent citizens to improve the health and education of Latin American children.
Mexico City Historic Downtown Foundation. According to his personal website , the goal of this foundation is to revitalize and rescue Mexico City's historic downtown area to enable more people to live, work, and find entertainment there. But beyond that, his philanthropic mission to donate much of his wealth to that help better his home country of Mexico and Latin America may be his biggest investment and certainly a lasting legacy.
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I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. Investments in Corporations. Real Estate. Planes and Automobiles. He went to the National Autonomous University of Mexico and studied civil engineering. 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. 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. 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.
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In , Slim was the second richest man in the world. Helu owns America Movil, a telecommunications corporation. He is also the largest shareholder of The New York Times, with a 17 percent stake.
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