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Business
22 February 2025

Carlos Slim's Multifaceted Empire Drives Change In 2025

Mexican billionaire expands business efforts and philanthropy, impacting global economies and communities.

Carlos Slim Helú, often celebrated as the richest man in Mexico and Latin America, remains a pivotal figure in global business, showcasing his influence through diverse enterprises and substantial philanthropic efforts. Despite fluctuations in wealth and market changes over the past year, Slim's conglomerate stands resilient, employing over 359,000 individuals across 49 nations.

The business titan currently oversees numerous well-known companies, with notable employment figures including 178,679 employees at América Móvil, 90,533 at Grupo Carso, and 71,371 at Telesites, among others. This impressive employment record not only solidifies Slim's status as one of the most influential entrepreneurs globally but also highlights his significant role in economic growth across various sectors, particularly telecommunications, banking, and infrastructure.

Reflecting on his extensive career, Slim's business decisions have often steered him away from sectors deemed less favorable. Notably, he divested from the tobacco industry, selling his stake in Cigatam to Philip Morris International for $700 million back in 2007.

"My focus remains on sectors with more significant future growth potential, such as technology and infrastructure," Slim remarked, illustrating his ambitions to innovate and adapt to market needs.

Despite his enormous fortune, which currently exceeds €185 billion, Slim’s lifestyle contrasts sharply with the background of his wealth. Shunning ostentation, he resides in the same modest house for over four decades. His home is situated just three kilometers away from his office, and it is not filled with luxury but adorned with art and bonsais, reflecting his personal interests rather than his business success.

His influence extends beyond the corporate world. Slim has actively participated in philanthropic initiatives, with his foundation dedicated to aiding Mexico's most vulnerable populations. One of the notable events this year was the successful conclusion of "Ama con Causa," which aimed to combat hunger and child abuse through fashion and corporate partnerships. The event proved to be fruitful, combining social responsibility with business acumen, and was celebrated with enthusiasm.

"The commitment shown by various brands and companies was incredible; together we can make significant headway against these issues," Slim stated during the event, highlighting the importance of collaboration between businesses and society.

Looking forward, Slim continues to navigate the tech and infrastructure investment landscapes, maintaining communication and strategic partnerships with influential figures like Mexican President Claudia Sheinbaum. Slim has openly supported her investment plans and has opposed tariffs imposed by the Trump administration, warning of potential inflation spikes as a result.

At 85 years old, Carlos Slim remains actively involved, steering the direction of his enterprises through his children, all of whom hold executive positions within various arms of his expansive business portfolio. His legacy is not just one of immense wealth but of significant contributions to society through economic development and charitable endeavors.

With Slim’s strategic, philanthropic, and corporate activities outlined, it’s clear his role extends well beyond merely holding the title of one of the richest individuals. His enduring commitment to both business growth and societal improvement encapsulates the dual aspects of his influence.