Home lists 100 Most Powerful Arabs 2023 Carlos Slim Helú Honorary chairman, América Móvil Origin: Lebanon/Mexico Residence: Mexico Sector: Telecoms The son of Lebanese immigrants, Helú incorporated his first venture Inversora Bursátil, a stock brokerage, in 1965. With an estimated net worth of around $85.3bn, the octogenarian business magnate and philanthropist is the founder of Grupo Carso, which is involved in the industrial, retail, energy and construction sectors. He is also an honorary chairman of América Móvil, the Mexican telecom giant, which reported $744.8m in net profit and $11.74bn in revenue for the fourth quarter of 2022. Helú has served as the vice president of the Mexican Stock Exchange and as president of the Mexican Association of Brokerage Houses.