Carlos Slim Helu | Gulf Business

Carlos Slim Helu

With a net worth estimated at $48.8bn, telecoms tycoon Carlos Slim is among the world’s richest men and held the top spot from 2010 to 2013, according to Forbes. But there appear to be some difficult months ahead for the billionaire, who was born in Mexico to Lebanese parents. In the four days after Donald Trump…

With a net worth estimated at $48.8bn, telecoms tycoon Carlos Slim is among the world’s richest men and held the top spot from 2010 to 2013, according to Forbes. But there appear to be some difficult months ahead for the billionaire, who was born in Mexico to Lebanese parents. In the four days after Donald Trump was elected President of the United States, Slim’s net worth declined by nearly $5bn. This followed previous hits to the share price of telecoms operator America Movil due to telecoms regulation and currency weakness in Mexico and economic declines in Latin America. However, Slim has shown his durability and in January secured a nearly $4bn contract as the head of a consortium selected to build a new airport terminal in Mexican President Enrique Peña Nieto ‘s landmark Mexico City airport project.

Honorary Chairman, America Movil

Origin:Lebanon

Residence:Mexico

Sector:Telecoms

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