SELLER: Carlos Slim HelúLOCATION: New York City, NYPRICE: $80,000,000SIZE: (approx.) 20,000 square feet, 10 bedrooms, 10+ bathroomsYOUR MAMA’S NOTES: If, over the last seven or eight years we’ve slung real estate dirt about the rich and/or famous, Your Mama has told the children once we’ve told y’all 49,000 times that one of the many ways the world’s superrich add to their super-sized fortunes is to buy extraordinarily expensive — and arguably already exuberantly over-inflated — residential real estate, hang on...
Once deemed the world’s richest man from 2010 to 2013 by Forbes, he has slipped to fourth place in recent years as his pan-Latin American giant wireless telco America Movil has been impacted by new Mexican telecommunications regulations, a declining peso and the economic crisis in Brazil.
Born in Mexico City of Lebanese-Christian immigrant parents in 1940, Carlos Slim amassed his fortune – now valued at net $50 billion, per Forbes – after the economic crash of 1982 when he astutely invested in various companies at rock bottom prices that would later appreciate in value.
From the 1980s, Slim became a notable businessman in the industrial, commercial and real estate sectors. In 1990, he jointly acquired telco Telmex with SBC and France Telecom, and for over two decades, pumped more than $33 billion into building the telecommunications infrastructure in Mexico and the rest of Latin America. Slim’s America Movil is the leading wireless services provider in Latin America, with more than 300 million subs across its mobile, pay TV, OTT, and broadband services. America Movil has been investing in original content for its revived OTT streaming service ClaroVideo, following the lead of Netflix and Televisa’s Blim in Latin America.
In the U.S., the giant telco launched Cine Dinamita USA to form part of Comcast’s Xfinity TV Latino package, with an eye to securing more carriage on other U.S. operators. America Movil also owns the largest pre-paid mobile service in the U.S., TracFone Wireless.
Slim owns the largest share in the New York Times with his 17% stake. He also owns majority shares in financial venture Grupo Financiero Inbursa and infrastructure development company, Ideal.
While he remains active in business, he devotes more energy on the issues of education, health and employment in Mexico and Latin America through the various foundations he leads and his infrastructure companies.