[5] Slim is a Maronite Catholic,[60][61] and he is one of the prominent backers of Legion of Christ, a Roman Catholic religious institute. Mexicos richest citizens have lost billions after an already-tumultuous year for Latin America's second-largest economy turned worse. America Movil is the telecom subsidiary of Mexican billionaire Carlos Slim. Chile, according to official statistics, is the richest country in South America, with extremely high living standards as well as an economically prosperous economy. At $52.1 billion, Slim's net worth is still more than every other Mexican billionaire combined, but the impact of the virus has been palpable for Slim. Limited partners pay US$30,000 per subscription while hedge fund managers pay half the price and also sign up for a free version of the products the company offers. She is one of the famous businesswomen in Mexico. Here are Mexico's 13 billionaires; net worths are as of March 5, 2021: #1 | Carlos Slim Hel NET WORTH: $62.8 BILLION SOURCE OF WEALTH: TELECOM RESIDENCE: MEXICO CITY Slim, whose largest asset. It is one of the most expensive cities to visit or live in in the continent, making it an ideal place to spend time. Japans capital, Tokyo, is the richest city in the world. Slim made headlines within the American business scene in 2003 when he began purchasing large stakes in a number of major US retailers such as Barnes & Noble, OfficeMax, Office Depot, Circuit City, Borders, and CompUSA. Looking for online courses during the pandemic? In 1980, he consolidated his business interests by forming Grupo Galas as the parent company of a conglomerate that had interests in industrial manufacturing, construction, mining, retail, food, and tobacco. Since 2012, most of the Mexican dollar billionaires have suffered a significant reduction in their net worth. Amrica Mvil, Latin America's largest telecommunications company, is owned by the Helu family. [73], In September 2014, Forbes listed Slim as number 1 on its list of billionaires with a net worth of US$81.6billion. His three older sons serve in key positions in the companies controlled by Slim where most are involved in the day-to-day running of Slim's business empire. The wealthiest people in Mexico live in the capital city of Mexico City, as well as in the surrounding metropolitan area. de C.V. (FEMSA) (FMX), a beverage production, distribution, and marketing company. 9. He was worth $9.9 billion in 2012, but that wealth since plummeted to $7.8 billion. Slim's investment company, Inmobiliaria Carso, announced it will buy a stake in the Spanish bank, Bankia, which couples with Slim's other purchase of Realia, a Spanish real estate company, where Slim is the second largest shareholder holding a 25% equity stake, behind Fomento de Construcciones y Contratas, a Spanish construction company where Slim is also an active minor shareholder. [54], Slim's father, Khalil Salim Haddad Aglamaz, was born on 17 July 1888[55] in Jezzine, Lebanon (then part of the Ottoman Empire). Despite a broader market rout, Grupo Elektra posted strong earnings growth for its fourth quarter 2019, helping its stock bounce back after initial losses in early March. The unemployment rate tries to capture the prospects for more people to become rich. Telvista has five centers in Mexico (three in Tijuana, one center in Mexicali, and one in Mxico City). Colorado is ranked tenth in terms of unemployment, and fourteenth in terms of poverty, with a rate of 9%. [30][32] By 2006, Telmex controlled and operated 90 percent of the telephone lines in Mexico, and his wireless telecommunications company, Telcel, which was created out of the Radiomvil Dipsa company,[19] operated almost 80 percent of all the country's cellphones. The point is you have to recognize and grasp. READ MORE: The Full List of Indian Billionaires In 2023 - Who Are Top 10 Richest People In India? Carlos Slim is worth at least $43.6 billion, making him the richest person in Mexico. Beckmann Vidal is the heir of the famous Jose Cuervo brand of tequila, which has been a family legacy for eleven generations. Juan Domingo Beckmann Legorreta ranked 6th with a personal wealth of $4.4 billion, followed by Rufino Vigil Gonzalez with $3.6 billion. Eva was priceless to the late Eugenio Gara LAguera because of her insights and counsel. Influencer Melissa Ray shared a TikTok Thursday of her trip to Oaxaca, Mexico. Best Hospitality And Hotel Management Schools In The World For 2022. In addition, they also have a high standard of living. She's a California native who grew up in the Central Valley. [66], On 8 August 2007, Fortune magazine reported that Slim had overtaken Gates as the world's richest person. Furthermore, it was to work in support of an initiative of Bill Clinton to aid the people of Latin America. Forbes. He has been involved in the founding of a number of companies. 2, $23.4 billion), Ricardo Salinas Pliego (No. Carlos Slim Helu - $77.1 Billion. Fortune: 81.2 billion dollars. [9], In 2019, Forbes put Slim in the list of the world's most generous philanthropists outside of the US. He also steers insurance covers and pension funds. Labor representatives boycotted attending the OIAG supervisory board meeting for 12 hours criticizing lack of explicit job guarantees. He is richer than all the other Mexicans by a long shot. That's essentially the situation in Mexico, where one of the world's richest people, Carlos Slim Hel, resides. Carlos Slim Helu lives in Distrito Federal. This billionaire, and his father, is responsible for some of Mexicos biggest economic gains. Slim spent US$13million to acquire the Mexican insurance agency Seguros de Mxico in 1984, and later subsumed the company into the firm, Seguros Inbursa. Compounded by the crippling economic effects of the coronavirus pandemic in February and March, an already tumultuous year for Latin Americas second-largest economy erased billions from the fortunes of Mexicos richest citizenswith most of the fallout happening in mere weeks. All of Mexico Citys billionaires live in the city. This changed in the wake of new Mexican laws forbidding companies from monopolizing more than 50% of either subsector. You could buy just about anything and never have to enrich any competitors. Including his own 18.9% stake, the Larrea family controls nearly 60% of Grupo Mxico's shares. Meanwhile, the bottom 50 percent had a total of -0.2 percent, which means that, on average . If youre looking for a place to live a life of luxury and privilege, one of these wealthiest cities is sure to be the perfect fit for you. Beckmann Vidal, a descendant of Don Jose Antonio de Cuervo, owns the majority of Jose Cuervo tequila maker Becle. [19][unreliable source? Read on CANCER Monthly Horoscope In May 2023: Astrological Prediction for Love, Money, Career, Travel, Education and Health and follow our advice to have a favorable month May 2023. As of February 12, 2023, Carlos Slim Helu was the wealthiest man in Mexico, with an estimated net worth of 88.6 billion U.S. dollars, followed by German Larrea Mota Velasco (No. [19][20][21], Though Slim was a civil engineering major, he displayed an interest in economics. Maria Asuncion Aramburuzabala. Corrales Village is one of New Mexicos wealthiest cities. Carlos holds a Bachelors degree in Science and Arts. In subsequent years, the company made further investments across Latin America, with companies in Colombia, Nicaragua, Peru, Chile, Honduras, and El Salvador, well as a joint venture with the American software house, Microsoft called Tlmsn, a Spanish-language web portal. Maria Asuncion Aramburuzabala is the fifth-richest person in Mexico, with a whopping $6.3 billion. There are many wealthiest cities around the world, each with its own unique character and atmosphere. The wealthiest person in Mexico is Carlos Slim, who made his $62 billion fortune in telecommunications. [17] By the age of 15, Slim had become a shareholder in Mexico's largest bank. Mara Asuncin Aramburuzabala, who inherited a stake in beer giant Grupo Modelo from her father, is now Mexico's fifth-richest person, worth $5.6 billion. Colorado, which is home to 5,456,574 people, has the twentieth highest population density in the United States. [87][88][89][90][91][2][29], In response to the criticism, Slim has stated, "When you live for others' opinions, you are dead. [94] Education and health care projects have included $100 million to perform 50,000 cataract surgeries in Peru. On 11 March 2009, Forbes ranked Slim as the world's third-richest person, behind Gates and Buffett and ahead of Larry Ellison. His excellent managerial and administrative skills were further sharpened at Business Institute of Madrid where he earned a Masters degree. Have you read? Juan Domingo Beckmann Legorreta ranked 6th with a personal wealth of $4.4 billion, followed by Rufino Vigil Gonzalez with $3.6 billion. It went public in 2017. Mara Asuncin Aramburuzabala, who inherited a stake. Chico Pardo returns to the ranks after falling off in 2020. "Mexico's Richest Billionaires 2021. de C.V. (GMEXICOB.MX), Mexico's largest mining and infrastructure company, which also owns the largest railroad company in Mexico. Shares of the company have risen more than 50% in the past year, lifting his fortune from $4.3 billion a year ago. Upon formation of the company, Slim remained sanguine about the company's future potential and Mexico's burgeoning energy sector where the state monopoly ceased to exist. 2. Chico Pardo is president and chairman of the Mexico-listed company. [4][9] By 1922, Julin's net worth reached $1,012,258 pesos, diversified among various assets including real estate, privately-controlled businesses and stocks. [17], Later in 1990, Slim acted in concert with France Tlcom and Southwestern Bell Corporation to purchase the landline telecommunications operator Telmex from the Mexican government, when Mexico began privatizing its national industries. Arango and his brothers, Manuel and Plcido, sold their retail chain to Walmart in 1997 for a reported $1.2 billion in cash, also nabbing a stake in Walmart de Mexico. He took economics courses in Chile when he completed his engineering degree. 4, $6.2 billion). [76], In 2021 Forbes stated his net worth as $73.3 billion. India is home to many top billionaires in the world. Everything you Need To Do Before you Leave, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, Best Business Schools In The World For 2023, Best Fashion Schools In The World For 2022, Best Hospitality And Hotel Management Schools In The World For 2022, Best Medical Schools In The World For 2022, The Worlds Best Universities For Doctor of Business Administration (DBA), 2022, The Worlds Richest People (Top Billionaires, 2023), Wealthiest People in Australia (March 3, 2023), Wealthiest People in Austria (March 3, 2023), Wealthiest People in Brazil (March 3, 2023), Wealthiest People in Canada (March 3, 2023), Inclusion and Diversity at CEOWORLD magazine, German Larrea Mota Velasco & family: $26.2 billion, Ricardo Salinas Pliego & family: $10.9 billion, Alejandro Bailleres Gual & Siblings: $7.1 billion, Maria Asuncion Aramburuzabala & family: $6.3 billion, Juan Domingo Beckmann Legorreta & family: $4.4 billion, Antonio Del Valle Ruiz & family: $3.2 billion, Karen Virginia Beckmann Legoretta: $3.1 billion. German Larrea Mota Velasco $12.8 billion, 10 Things You Didnt Know about CEO of Knotel Amol Sarva, 10 Things You Didnt Know about Dara Khosrowshahi, 10 Things You Didnt Know About Kim Reynolds, 10 Things You Didnt Know About Rahul Garg, 10 Things You Didnt Know about Austin Russell. 3, $11.0 billion); and Maria Asuncion Aramburuzabala (No. Back then, she was worth $6.5 billion, but she is now worth $6.8 billion. When Forbes calculated fortunes for the list on March 18, 2020, the Mexican peso was at its weakest point ever compared to the U.S. dollar, with $1 trading for close to 24 pesos. [5] As of February 2023, Bloomberg Billionaires Index ranked him as the 10th-richest person in the world with a net worth of $86 billion,[6] making him the richest person in Latin America.[6]. At an estimated $62.8 billion, hes worth $10.7 billion more than a year ago. Others made their fortunes in mining, finance, and retail. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. [101], In 2011, he, along with the president of Mexico, Mexico City mayor, and Mexico City archbishop, inaugurated the first phase of Plaza Mariana close to Basilica de Guadalupe. The supermarket chain, Aurrera, changed the brothers lives entirely. The Mexican peso had strengthened to about 21 pesos per dollar, and stock prices of many companies founded and run by Mexican billionaires rebounded significantly. Read on to know The Full List of Mexico's Billionaires In 2023 - Who Are The Richest People In Mexico? The Mexican Congress. It holds 66,000 pieces, including religious relics, contains the world's second-largest collection of Rodin sculptures, including The Kiss, the largest Salvador Dal collection in Latin America, works by Leonardo da Vinci, Pablo Picasso, Pierre-Auguste Renoir, and coins from the viceroys of Spain. [31] He also acquired a 40% and 50% interest in the Mexican arms of British American Tobacco and The Hershey Company, respectively. These are Mexicos internal factors. All rights reserved Email: editor@knowinsiders.com. The richest people in Mexico. Eva is one of the few Mexican billionaires whove increased their net worths since 2012. His media and telecommunications business is doing great though. Now the sole Mexican woman on the billionaire rankings, Asuncin Aramburuzabala inherited a stake in beer giant Grupo Model from her father before its $20 billion sale to Anheuser-Busch InBev in 2013.