Carlos Slim Helu

Slim was born on January 28, 1940, in Mexico City, to Julián Slim Haddad (born Khalil Salim Haddad Aglamaz) and Linda Helú Atta, both Maronite Christians from Lebanon. He decided at a young age that he wanted to be a businessman, and received business lessons from his father, who taught him finance, management and accounting, teaching him how to read financial statements as well as the importance of keeping accurate financial records.

After graduating from college in 1961, Slim began his career as a stock trader in Mexico, often working 14-hour days. In 1965, profits from Slim's private investments reached US$400,000, allowing him to start the stock brokerage Inversora Bursátil. In addition, he also began laying the financial groundwork for Grupo Carso. In 1965 he also bought Jarritos del Sur. In 1966, worth US$40 million, he founded Inmobiliaria Carso.

Companies in the construction, soft drink, printing, real estate, bottling and mining industries were the focus of Slim's early burgeoning business career. He later expanded into numerous industries including auto parts, aluminium, airlines, chemicals, tobacco, manufacturing of cables and wires, paper and packaging, copper and mineral extraction, tires, cement, retail, hotels, beverage distributors, telecommunications and financial services where Slim's Grupo Financiero Inbursa – which sells insurance and invests the savings, mutual funds and pension plans of millions of ordinary Mexicans. By 1972, he had established or acquired a further seven businesses in these categories, including one which rented construction equipment. In 1976, he branched out by acquiring a 60 percent share of Galas de México, a small printer of cigarette-pack labels for US$1 million, and in 1980, he consolidated his business interests by forming Grupo Galas as the parent company of a conglomerate that had interests in industry, construction, mining, retail, food, and tobacco. In 1981, Slim acquired a majority stake in Cigarros la Tabacelera Mexicana (Cigatam), Mexico's second largest producer and marketer of cigarettes, at a reduced price.

In 1982, the Mexican economy contracted rapidly. As many banks were struggling and foreign investors were cutting back on investing and scurrying, Slim began investing heavily and bought many flagship companies at depressed valuations. Buying troubled assets at depressed prices to resell them later at an attractive price is a business strategy that Slim has executed throughout his career.

During the Mexican economic downturn before its recovery in 1985, Slim invested heavily. He bought all or a large percentage of numerous Mexican businesses, including Empresas Frisco, a mining and chemicals company producing silver, gold, copper, lead, and zinc from extracted ores, and also chemical products such as hydrofluoric acid and molybdenum for only $50 million, Industrias Nacobre, a manufacturer of copper products, Reynolds Aluminio, Compania Hulera Euzkadi, Mexico's largest tire maker, Bimex hotels, and majority share of Sanborn Hermanos food retailer, gift shop and restaurant chain. Slim spent US$13 million to buy insurance company Seguros de México in 1984, and later absorbed the company into the firm, Seguros Inbursa. The value of his stake in Seguros eventually became worth US$1.5 billion by 2007, after four spinoffs. He also acquired a 40% and 50% interest in the Mexican arms of British American Tobacco and The Hershey Company, respectively as well as acquiring large blocks of Denny's and Firestone Tires. He moved into financial services as well, buying Seguros de México and creating from it, along with other purchases such as Fianzas La Guardiana and Casa de Bolsa Inbursa, the Grupo Financiero Inbursa. Many of these acquisitions were financed by the revenues and cash flows from Cigatam, a tobacco business which he bought early in the economic downturn.

Established in 1986 Fundación Carlos Slim Helú sponsors the Museo Soumaya in Mexico City, named after Slim's late wife, Soumaya Domit, opened 2011. It holds 66,000 pieces, including religious relics, contains the world's second-largest collection of Rodin sculptures, including The Kiss, the largest Salvador Dalí collection in Latin America, works by Leonardo da Vinci, Pablo Picasso, Pierre-Auguste Renoir, and coins from the viceroys of Spain. The inauguration in 2011 was attended by the President of Mexico, Nobel Prize laureates, writers and other celebrities.

In 1988, Slim bought the Nacobre group of companies, which trades in copper and aluminum products, along with a chemicals business, Química Fluor, and others.

Slim made a large fortune in the early 1990s when Mexico privatized its telecom industry and Grupo Carso acquired Telmex from the Mexican government. In 1990 the Grupo Carso was floated as a public company initially in Mexico and then worldwide. Grupo Carso also acquired majority ownership of Porcelanite, a tile making company in 1990. This investment was assigned to an associated company, but in 1995 Grupo Carso began growing its equity stake to 83 percent and subsequently made it a subsidiary.

Later in 1990, Slim acted in concert with France Télécom and Southwestern Bell Corporation in order to buy the landline telephone company Telmex from the Mexican government, when Mexico began privatizing its national industries. Slim was one of the initial investors of Telmex, the revenues of the company eventually formed the bulk of Slim's wealth. By 2006, 90 percent of the telephone lines in Mexico were operated by Telmex, and his mobile telephone company, Telcel, which was created out of the Radiomóvil Dipsa company, operated almost 80 percent of all the country's cellphones. By 2012, América Movil, Slim's mobile telephone company, had taken over Telmex and made it into a privately held subsidiary.

In 1991, he acquired Hoteles Calinda (now OSTAR Grupo Hotelero), and in 1993, he increased his stakes in General Tire and Grupo Aluminio to the point where he had a majority interest.

In 1995 Slim established Fundación Telmex, a broad-ranging philanthropic foundation, which as he announced in 2007 had been provided with an asset base of US$4 billion to establish Carso Institutes for Health, Sports and Education. Furthermore, it was to work in support of an initiative of Bill Clinton to aid the people of Latin America. Because Mexican foundations are not required to publish their financial information, it is not possible to confirm Slim's claims of charitable giving through a public source. The foundation has organized Copa Telmex, an amateur sports tournament, recognized in 2007 and 2008 by Guinness World Records as having the most participants of any such tournament in the world. Together with Fundación Carlos Slim Helú, Telmex announced in 2008 that it was to invest more than US$250 million in Mexican sports programs, from grass-roots level to Olympic standard. Telmex sponsored the Sauber F1 team for the 2011 season. Telmex donated at least $1 million to the Clinton Foundation.

In 1996, Grupo Carso was split into three companies: Carso Global Telecom, Grupo Carso, and Invercorporación. In the following year, Slim bought the Mexican arm of Sears Roebuck. In July 1997 Grupo Carso agreed in principle to sell Procter & Gamble de México, a subsidiary of The Procter & Gamble Co., a manufacturing plant in Apizaco and the company's Lypps, Pampys, and other toilet-tissue brands for about US$170 million but kept its tissue-products company Fábricas de Papel Loreto y Peña Pobre.

In 1999, Slim began expanding his business interests beyond Latin America. Though the bulk of his holdings still remained in Mexico, he began setting his sights towards the United States for overseas investments.

Carlos Slim was married to Soumaya Domit from 1967 until her death in 1999. Among her interests were various philanthropic projects, including the creation of a legal framework for organ donation. Slim has six children: Carlos, Marco Antonio, Patrick, Soumaya, Vanessa, and Johanna. Slim's fortune has given rise to a family business empire and he often acquires shares on behalf of himself and his children. His three older sons serve in key positions in the companies controlled by Slim where most are involved in the day-to-day running of Slim's business empire. Slim underwent heart surgery in 1999. In high school, Slim's favorite subjects were history, cosmography, and mathematics. Slim and his wife had a very happy marriage, and he indicated that he does not intend to remarry.

América Telecom, the holding company for América Móvil, was incorporated in 2000. It took stakes in cellular telephone companies outside of Mexico, including the Brazilian ATL and Telecom Americas concerns, Techtel in Argentina, and others in Guatemala and Ecuador. In subsequent years, there were investment in Latin America, with companies in Colombia, Nicaragua, Peru, Chile, Honduras, and El Salvador, as well as a venture with Microsoft.

In 2000, Slim and ex-broadcaster Jacobo Zabludowsky organized the Fundación del Centro Histórico de la Ciudad de México A.C. (Mexico City Historic Center Foundation) to revitalize and rescue Mexico City's historic downtown area to enable more people to live, work and find entertainment there. He has been Chair of the Council for the Restoration of the Historic Downtown of Mexico City since 2001.

In 2005 Slim invested in Volaris, a Mexican airline and established Impulsora del Desarrollo y el Empleo en América Latina SAB de CV (using the acronym "IDEAL"—roughly translated as "Promoter of Development and Employment in Latin America"), a Mexican construction and civil engineering company primarily engaged in not-for-profit infrastructure development. Since 2006, IDEAL won three infrastructure contracts yet it faces stiff competition from a number of other Mexican and Spanish construction companies. The number of contracts is fewer than its biggest local competitor, Empresas ICA. During the same period, Empresas obtained 18 Mexican projects valued at US$1.09 billion, including airports, toll roads, hospitals and oil platforms. Some of the projects IDEAL has been awarded include the Nezahualcoyotl development, which is a landfill that was acquired for US$150 million by Slim to develop a shopping mall, two schools, a hospital and a park on the site. Other contracts IDEAL has been awarded include a water-treatment plant contract, and a real estate partnership with the Mexican hospital chain Star Médica. IDEAL is also betting on one of the poorest landfills surrounding Mexico City. Slim has also planned to purchase several toll roads offered by the Mexican government that it took over from private companies following the December 1994 currency devaluation. Though speculation that the landfill will take about 12 years to yield a return, the development of a such poor area is revealed to promise handsome business profits over the years as Grupo Elektra, Mexico's largest consumer electronics retailer, sells 2,000 flat screen televisions a year at its store in the area, making it the third-best-selling outlet. Included in the development, IDEAL will also collect rent from a university, a hospital and a school that will be built around a mall, will have 178 stores, including Inditex's Zara fashion chain and Slim's Grupo Sanborns and the Mexican unit of Sears Holdings. A park in Nezahualcoyotl, the first of its kind will also be constructed. The park will comprise 34 soccer fields, 12 tennis, basketball and volleyball courts, a baseball field and a gym with a swimming pool.

After stating that he had donated US$4 billion of dividends to Fundación Carlos Slim Helú, US$2 billion in 2006, and another US$2 billion in 2010, Slim was ranked fifth in Forbes' World's Biggest Givers in May 2011. Education and health care projects have included $100 million to perform 50,000 cataract surgeries in Peru through the Clinton Initiative, a US$20 million fund to strengthen small and medium-size businesses in Colombia, and a digital education program for youth in Mexico, US$150 million for programs in nutrition and disease prevention in Central America with the Bill & Melinda Gates Foundation and the government of Spain, US$50 million to work with the World Wildlife Fund on restoration of six areas for species in Mexico, including the monarch butterfly and US$100 million on education programs for young people through Colombian singer Shakira's Alas Foundation.

In 2007, after having amassed a 50.1% stake in the Cigatam tobacco company, Slim reduced his holdings by selling a large portion of his equity to Philip Morris for US$1.1 billion, while in the same year also selling his entire interest in a tile company, Porcelanite, for US$800 million. He licensed the Saks name and opened the Mexican arm of Saks Fifth Avenue in Santa Fe, Mexico. During the same year, the estimated value of all of Slim's companies was at US$150 billion. On December 8, 2007, Grupo Carso announced that the remaining 103 CompUSA stores would be either liquidated or sold, bringing an end to the struggling company, although the IT tech part of CompUSA continued under the name Telvista with U.S. locations in Dallas, Texas (U.S. Corporate Office) and Danville, Virginia. Telvista has five centers in Mexico (three in Tijuana, one center in Mexicali, and one in México City). After 28 years, Slim became the Honorary Lifetime Chairman of the business.

On March 29, 2007, Slim surpassed American investor Warren Buffett as the world's second richest person with an estimated net worth of US$53.1 billion compared with Buffet's US$52.4 billion.

On August 4, 2007, The Wall Street Journal ran a cover story profiling Slim. The article said, "While the market value of his stake in publicly traded companies could decline at any time, at the moment he is probably wealthier than Bill Gates". According to The Wall Street Journal, Slim credits part of his ability to "discover investment opportunities" early to the writings of his friend, futurist author Alvin Toffler.

On August 8, 2007, Fortune magazine reported that Slim had overtaken Gates as the world's richest person. Slim's estimated fortune soared to US$59 billion, based on the value of his public holdings at the end of July. Gates' net worth was estimated to be at least US$58 billion.

In 2008 Slim took a 6.4% stake valued at $27 million in the troubled New York Times Company, as the global recession and declining advertising revenues took a particularly heavy toll on print-based "old media" companies across the United States. Slim increased his stake to 8% by 2012. Slim's stake in the Times increased again to 16.8% of the company's Class A shares on January 20, 2015 when he exercised stock options to purchase 15.9 million shares, making him the largest shareholder in the company. The New York Times Company's Class A shares are available for purchase by the public and offer less control over the company than Class B shares, which are privately held. According to the company's 2016 annual filings, Slim owned 17.4% of the company's Class A shares, and none of the company's Class B shares.

On March 5, 2008, Forbes ranked Slim as the world's second-richest person, behind Warren Buffett and ahead of Bill Gates. On March 11, 2009, Forbes ranked Slim as the world's third-richest person, behind Gates and Buffett and ahead of Larry Ellison.

On March 10, 2010, Forbes once again reported that Slim had overtaken Gates as the world's richest person, with a net worth of US$53.5 billion. At the time, Gates and Buffett had a net worth of US$53 billion and US$47 billion respectively. He was the first Mexican to top the list. It was the first time in 16 years that the person on top of the list was not from the United States. It was also the first time the person at the top of the list was from an "emerging economy". Between 2008 and 2010, Slim more than doubled his net worth from $35 to $75 billion.

Slim has also set his sights within the energy industry as well. In 2011, Slim began buying a 70 percent stake in Geoprocesados SA's Tabasco Oil Co., gaining access to the Colombian oil market as the country seeks to boost crude and natural-gas output. Slim began seeking to boost his oil investments in Colombia because of the country's open policies on exploration as well as furthering its commitment to double output by 2020. Investors have also been drawn to Colombia because of improved security as well as a clear government regulatory framework for oil drilling. In 2013, Mexico's national oil and gas company Pemex hired an offshore drilling rig from the Carso Group. Under the agreement, Pemex will operate the rig on a seven-year contract and will pay US$415 million. The rig is owned by Operadora Cicsa, a subsidiary of Carso Group. The relationship between Pemex and Slim rans back as early as in 2006, where NOC hired CICSA for the drilling and completion of over 60 wells in the southern region‍—‌covering the Cinco Presidentes, Macuspana-Muspac, Samaria-Luna and Bellota-Jujo assets – and for the expansion of a petrochemical plant in Veracruz. Carso's infrastructure and construction subsidiary has been awarded with several oil well development contracts in Pemex's main assets‍—‌including Chicontepec‍—‌as well as tenders for the construction of natural gas pipelines and marine platforms. With the 2008 Pemex Law reform, the creation of integrated service contracts and the perspectives for a future energy reform, Slim has begun seizing business and investment opportunities in Mexico's oil and gas industry. CICSA's pipe manufacturing division Swepomex into a marine platform provider. CICSA has also acquired majority shares in Oklahoma contractor Bronco Drilling, along with minority participations in Houston drilling company Allis Chalmers Energy. Slim controls a 15 percent stake in Bronco, with warrants that could boost the stake to 20 percent. He also has a 2.9 percent stake in Allis-Chalmers. 15% of the country's main gas operator, Gas Natural Mexico now belong to Sinca Inbursa, a private equity fund controlled by Slim. Slim Helú has also maintained an important business presence in Spanish oil company Repsol and its Argentinian subsidiary YPF, Argentina's largest oil company, where Slim has an 8.4 percent stake.

In February 2011, Julian, the oldest brother of Carlos, died aged 74. He was a businessman, and worked in one of Mexico's top intelligence agencies.

In March 2011 Forbes stated that Slim had maintained his position as the wealthiest person in the world, with his fortune estimated at US$74 billion.

In 2011, he, along with the president of Mexico, Mexico City mayor, and Mexico City archbishop, inaugurated the first phase of Plaza Mariana close to Basilica de Guadalupe. The complex, whose construction was funded by Slim, includes an evangelization center, museum, columbarium, health center, and market.

In 2012 Slim sold the broadcast rights for the Leon games to Telemundo in the United States, and the cable channel Fox Sports in Mexico and the rest of Latin America and to the website mediotiempo.com. The games are also broadcast on the Internet through UNO TV, offered by Telmex. Slim has been involved with broadcasting sports outside Mexico to larger markets such as the United States. In March 2012, América Móvil acquired the broadcast rights for the Olympic Games in Sochi 2014 and the Brazil 2016 for Latin America.

In March 2012, Slim, along with American television host Larry King, established Ora TV, an on-demand digital television network that produces and distributes television shows including Larry King Now, Politicking with Larry King, Recessionista, and Jesse Ventura Uncensored.

In September 2012, Slim bought 30% stakes in Pachuca and León, two Mexican soccer teams through his telecommunications company America Movil. In December 2012, he bought all the shares of the second division team Estudiantes Tecos. Slim has also completed business deals for the television rights to games of the Leon soccer team. His company America Movil purchased 30 percent of the team along with transmission rights as Slim doesn't have the rights to transmit content by broadcast television or cable TV as well as putting him in competition with Televisa and TV Azteca, two television companies with rights to the rest of Mexican soccer's first division.

In December 2012, according to the Bloomberg Billionaires Index, Carlos Slim Helú remained the world's richest person with an estimated net worth of US$75.5 billion.

In 2013, Slim's company, Grupo Carso opened Mexico City's Telcel Theater, which operates in conjunction with his entertainment company, Grupo CIE (Corporación Interamericana de Entretenimiento), Mexico's equivalent of Live Nation.

In April 2013, Slim entered the business of managing Mexican prisons to expand the investments of his construction-finance company. Ideal acquired stakes in two federal prisons from Desarrolladora Homex SAB, a Mexican homebuilder where Slim's companies are to receive 4 billion pesos (US$326 million) within the agreement. The company run by his son, Marco Antonio Slim, added the prisons to its portfolio of infrastructure assets among which include toll roads, hydroelectric dams, and water-treatment plants.

In July 2013, Slim's company America Movill invested US$40 million in Shazam, a British commercial mobile phone-based music identification service for an undisclosed share of ownership. America Movil partnered with the company to aid its growth into advertising and television and help the audio recognition service expand in Latin America.

In November 2013, Slim invested US$60 million in the Israeli startup Mobli, a company that deals with connections between people and communities corralled according to different interests.

In December 2013, Slim's private equity fund, Sinca Inbursa, sold its stake in Mexican pharmaceutical company Landsteiner Scientific. Slim had acquired a 27.51 stake in the company in June 2008, which represented 6.6 percent of Sinca's investment portfolio. The private equity fund's investments are mainly in transportation and infrastructure and the fund had a total market cap of 5.152 billion pesos at the end of 2012.

On March 5, 2013, Forbes stated that Slim was still maintaining his first-place position as the wealthiest person in the world, with an estimated net worth of US$73 billion. On May 16, 2013, Bloomberg L.P. ranked Slim the second-richest person in the world, after Bill Gates.

Slim was criticized by the Dutch minister of economic affairs, Henk Kamp, in 2013 for attempting to expand his telecom empire beyond the Americas by América Móvil's buy-out offer to KPN, a Dutch landline and mobile telecommunications company privatized in the 1990s, by stating "an acquisition of KPN by a 'foreign company' could have consequences for the Netherlands' national security". Two years after Slim's failed bid to take over the company mainly due to political intervention and Slim's paucity of interest in purchasing the company, Slim's America Movil SAB began offering 2.25 billion euros of bonds that can be converted into shares of Royal KPN NV. America Movil now controls a 21.1 percent stake of KPN with a market value of 3.1 billion euros as of May 20, 2015. Slim has been slowly decreasing his holdings since he was forced to withdraw a 7.2-billion-euro bid for the Dutch phone line carrier in 2013 after negotiations broke down and KPN's preference share foundation blocked the takeover attempt.

On April 23, 2014, Slim took control of Telekom Austria, Austria's biggest phone carrier, which has telcos in countries such as Bulgaria, Croatia and Belarus, under a 10-year agreement, was Slim's first successful business acquisition in Europe. In a syndicate holding structure the Austrian state holding company OIAG's 28 percent are combined with Slim's 27 percent ownership. America Movil will spend as much as US$2 billion to buy out minority shareholders in a mandatory public offer and invest up to 1 billion euros (US$1.38 billion) into the company, which it sees as "platform for expansion into central and eastern Europe". Labor representatives boycotted attending the OIAG supervisory board meeting for 12 hours criticizing lack of explicit job guarantees.

In July 2014, Slim invested in WellAware, a Texas-based oil and gas software developer, this investment was also made with former Republican vice president Dick Cheney. External funding was provided by Activant Capital Group and Slim, along with participation from strategic investors and WellAware board members Ed Whitacre. When Mexico eventually prepared to open its oil and gas sectors to domestic and foreign private capital for the first time in 75 years, it has been widely speculated that Slim will play a major role toward contributing to Mexico's new energy landscape. Slim's investment in WellAware, whose software allows oil and gas companies to track wells and pipelines remotely and collates data for making forecasts, adds to a number of oil-related investments that he has been making in the past years in Mexico, Latin America and the United States.

On July 15, 2014, Forbes announced that Slim had reclaimed the position of the wealthiest person in the world, with a fortune of US$79.6 billion.

In September 2014, Forbes listed Slim as number 1 on its list of billionaires with a net worth of US$81.6 billion.

In May 2014, Slim opened Inbursa Aquarium, Latin America's largest aquarium. Slim owns the Duke Seamans mansion, a 1901 beaux arts house on 5th Avenue in New York City, which he bought for $44 million in 2010. The mansion is 20,000 square feet and has 12 bedrooms, 14 bathrooms, and a doctor's office in the basement. In May 2015, he listed the property for sale at $80 million, nearly twice what he had paid. In April 2015, Slim bought the Marquette Building in Detroit and purchased PepsiCo Americas Beverages headquarters in Somers, New York for US$87 million. Slim owns a second mansion in New York City at 10 W. 56th St, which he leased early in 2015 to the John Barrett Salon for US$1.5 million annually. The property was bought in 2011 for US$15.5 million.

Slim's growing fortune has been a subject of controversy, because it has been amassed in a developing country where average per capita income does not surpass US$14,500 a year, and nearly 17% of the population lives in poverty. Critics claim that Slim is a monopolist, pointing to Telmex's control of 90% of the Mexican landline telephone market. Slim's wealth is the equivalent of roughly 5% of Mexico's annual economic output. Telmex, of which 49.1% is owned by Slim and his family, charges among the highest usage fees in the world, according to the Organisation for Economic Co-operation and Development. The average Mexican spends 1.50 pesos per day on Slim's goods and services for a total of roughly US$140 million a day and the Federal Telecommunications Institute, a new Mexican government anti-monopoly watchdog said in April 2014 that Slim's telecom businesses are monopolies. Slim's business presence in Mexico alone is so broad that many Mexicans find it appropriate to call the country "Slimlandia" as it is almost impossible to go a day in Mexico without contributing to Slim's wealth.

In January 2015, Grupo Carso publicly launched Claro Musica, an online music service that is a Latin American equivalent of iTunes and Spotify. Slim and his son increased their presence in Mexico's music industry, particularly in the retail music industry since 2013. Sanborn's, the Mexican retail department store chain owned by Slim contains an extensive music section and 170 locations in Mexico as well as controlling a majority stake in Mixup, Mexico's most successful retail music store that comprises a chain 117-store Mexican retailers along with an online iShop through a selling partnership with Apple. Mixup also generated more than US$320 million in revenue in 2014.

In March 2015, Slim began to set his sights on Spain, purchasing Spanish real estate at rock-bottom prices within the ailing Spanish economy. Slim has also been buying up stakes in various troubled Spanish corporations while eyeing various investments across Europe. Slim's investment company, Inmobiliaria Carso, announced it will buy a stake in the Spanish banking conglomerate Bankia, which couples with Slim's other purchase of Realia, a Spanish real estate company, where Slim is the second largest shareholder holding a 25% equity stake, behind Fomento de Construcciones y Contratas, a construction company where Slim is also a minor shareholder.

On April 15, 2015, Slim formed his own oil company called Carso Oil & Gas. The company was established after shareholders of the subsidiaries of Slim's business conglomerate, Grupo Carso, voted in February 2015 to merge Carso Infraestructura, Construccion y Perforacion and Condumex Perforaciones into Carso Oil & Gas. A report that was released by the new company listed its assets at 3.5 billion pesos (approximately US$230 million), placed within 17.7 million shares. Upon formation of the company, Slim remained sanguine about the company and Mexico's burgeoning energy sector where the state monopoly ceased to exist once held by state-owned oil company Pemex and opening the sector for private investors.

On July 25, 2015, Slim's investment group Control Empresarial de Capitales invested in IMatchative, a technology startup that ranks the world's hedge funds creating in-depth behavioral profiles and business analytics. The company creates proprietary behavioral profiles of the top hedge fund managers using everything from divorce records to political donations incorporated in their profiles and fund analysis. Limited partners pay US$30,000 per subscription while hedge fund managers pay half the price and also sign up for a free version of the products the company offers.

On September 8, 2015, one of Slim's companies announced that Philosophy Jr. Studio, a fashion line for young women, will expand into a standalone retailer chain that will compete with elite fashion retailers across the globe. Although the style of the new fashion line and the number of yearly collections has not been made public, Philosophy Jr. Studio is expected to compete with a myriad of well-known multinational fast fashion retailers such as H&M, Forever 21, Zara and C&A. The fashion line will be offered at individual brick and mortar boutiques at two shopping malls in Mexico City. With a US$20 million seed investment, Slim's plan is to have 100 standalone stores by 2017. The brand was established in 2011 and has been sold at Sears Mexico, a unit of Grupo Sanborns, the restaurant, retail, and pharmacy chain owned by Slim.

In 2017, his net worth was reported to be $54.5 billion.

In 2019, his net worth was said to be at least $58.1 billion, making him the richest man in Mexico.

In October 2020, his net worth was estimated at $53.7 billion.