Carlos Slim Helú is a business titan and a man whose companies make up a whopping 6% of Mexico’s GDP. Once the richest person in the world, Slim is a self-made billionaire who’s shaped the face of modern Mexico.
Slim started out as a civil engineer, but by age 25, he was already running his own investment company. When the 1980s economic crisis hit, Slim saw opportunity where others saw disaster. He snapped up struggling businesses like Sanborns and General Tire, building the foundation for his powerhouse conglomerate, Grupo Carso.
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But his real game-changer came in 1990. As the Mexican government privatized Telmex, the national phone company, Slim teamed up with international partners to buy a controlling stake. That bold move launched him into the telecom world and paved the way for América Móvil, now the biggest mobile provider in Latin America.
Slim didn’t stop there. He’s invested in everything from construction to mining, and even became the largest individual shareholder of The New York Times by 2015. Today, his companies operate in 49 countries and employ more than 350,000 people.
Always close to the halls of power, Slim is now backing President Sheinbaum’s “Plan Mexico,” promising to invest in infrastructure, energy, and telecommunications to supercharge the country’s growth. He’s a vocal supporter of open investment and stronger ties between Mexico and the U.S. and he believes business can help Mexico beat trade challenges like the Trump tariffs.
In the latest installation of our “Who’s Who” political primer, María Meléndez asks if Carlos Slim could be the secret weapon President Sheinbaum needs to make “Plan Mexico” a reality? Can he help Mexico outsmart global trade hurdles? Drop your thoughts in the comments below!
Mexico News Daily
Mexico doesn’t need to be saved. And Sheinbaum isn’t going to “save” the economy. Private investors do the heavy lifting. They create the economy. Not gov.
But Private Investors often Over-charge the national economy….which is why Government is indispensable. Saludos desde Acapulco.
I want to see Business v. Cartels not for extermination but to impose guardrails long lacking.
Sure hope Slim isn’t the only thing Prez Sheinbaum has in her deck of cards because he is, in my humble opinion, a piece of mierda who like most billionaires has fleeced the public and screwed the government….