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How much money did Carlos Slim start with in 1955? We know this – El Financiero

The Mexican businessman Carlos Slim called a press conference this Monday, February 12, in which he spoke about the history of Carso Group and spoke of the financial situation of Telefonos de México (Telmex) It’s no longer business. In addition, he released a series of documents in which he shows what his first investments were.

Slim Helú, who has a fortune of more than 100 billion dollars and that has been crowned as one of the richest men in Latin America showed a balance sheet from January 1955, when he was 15 years old.

In the documents, Slim revealed the investments he made before starting business life, where he shows a series of investments in 40 shares of Banamexwith a capital of 6 thousand 623 pesos of 1955“That is to say, they were considerably more pesos than today,” he said.

Later, in 1965, with the capital he had thanks to investments, Slim Helú began creating companies.

“During the period from 65 to 81, we established three companies, of those three companies, was Jarritos del Sur, Inversora Bursátil and Financial Group (Inbursa), there we started with 80 thousand dollars of capital“, he expressed in a press conference.

Which of your companies generates the most money for Carlos Slim?

According to Bloomberg data, most of the fortune of Slim’s $101.5 billion comes from the telecommunications company América Móvil, which collects almost 40 percent of its revenues in Mexican pesos and also has exposure to the euro thanks to its operations in Austria.

The Grupo Carso shareswhich does everything from construction to operating restaurants and stores, soared 109 percent in 2023 and are the best performer in Mexico’s benchmark index.

In addition, his Spanish construction company FCC raised, in 2023, one thousand 100 million dollars by selling a stake in the 25 percent on one unit to the Canadian pension operator CPPIB.

In November of the same year, América Móvil increased its majority stake in Telekom Austria AG up to 58 percent.

-With information from Bloomberg.

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