Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









The Mobile Mexican Magnate: How Carlos Slim Helu Got His Start

Carlos Slim Helu Quote


Article Overview: He has been called the Warren Buffett of Latin America, but on the most recent Forbes list of the world’s richest people, the Mexican born Carlos Slim Helu bumped the great American investor down to third spot. With an estimated net worth of $53 billion, Helu is now the second richest person in the world, and just $3 billion behind Bill Gates. He is known for never cracking a smile, but Helu’s current monopoly over the telecommunications industry in Mexico must surely make him one happy businessman. With his hands now in all of the retail, banking and insurance, technology, and auto parts manufacturing industries, Helu shows no signs of slowing down.

Free Download - Carlos Slim Helu Quotes By Carlos Slim Helu
Name: Email:

The Mobile Mexican Magnate: How Carlos Slim Helu Got His Start

He has been called the Warren Buffett of Latin America, but on the most recent Forbes list of the world’s richest people, the Mexican born Carlos Slim Helu bumped the great American investor down to third spot. With an estimated net worth of $53 billion, Helu is now the second richest person in the world, and just $3 billion behind Bill Gates. He is known for never cracking a smile, but Helu’s current monopoly over the telecommunications industry in Mexico must surely make him one happy businessman. With his hands now in all of the retail, banking and insurance, technology, and auto parts manufacturing industries, Helu shows no signs of slowing down.

Helu has come a long way from where he started off. Born on January 28, 1940 in Mexico City, Helu was the fifth of six children to Lebanese immigrant parents Julian Slim (née Yusef Salim) Haddad and Linda Helu. In 1902, in an attempt to avoid the military draft, Julian fled the Ottoman Empire and wound up in Mexico. Eight years later, the Mexican Revolution unleashed itself throughout the country, during which time nearly one in every 15 Mexicans would be killed. But, not Julian.

Helu’s father opened a general store in 1911 in Mexico City’s central district. While others were warning him to leave the violence, Julian insisted on staying. He purchased prime real estate at rock bottom prices in the Zocalo district as others quickly and eagerly sold all they could. It was a gamble that paid off in the end, and a lesson his young son would always carry with him.

Helu’s business acumen began to develop at an early age. When he was just 11 years old, he invested in government savings bonds and kept a detailed ledger to track all of his purchases. By the time he was 15, he had become a part shareowner of the largest bank in Mexico.

Helu grew up to study engineering at the Universidad Nacional Autonoma de Mexico., graduating in 1961. However, he realized that his true calling was business and so a few years later, he set up a stock brokerage. Working 14-hour days, Helu slowly moved into the insurance industry. He was becoming a modest success, but it was not until the 1980s that Helu would make a real name for himself.

In 1982, Mexico found itself in the middle of a massive debt crisis. All the banks were struggling and everyone was trying to get out of the stock market as quickly as they could. Everyone, that is, except Helu, who decided there was no better time to pounce. He had learned the lesson of hunting for bargains from his father, and he was not about to let this opportunity pass him by. Helu quickly snapped up the cigarette distributor Cigatam, as well as a coffee and gift shop at rock bottom prices. However, it was his next acquisition that would become his greatest to date, and the one that would help Helu go down in the history books.

Related Articles
  Engineering Success: How Slim’s Pockets Got Fat
  Slim’s Pickings: The Start of the Billion Dollar Business
  Lesson #4: You Can Control Your Own Destiny
  Lesson #1: Don't Follow the Crowd or the Market
  Lesson #3: Make Your Company a Lean, Mean, Operating Machine

Home > Famous-Entrepreneurs > Carlos Slim Helu > The Mobile Mexican Magnate How Carlos Slim Helu Got His Start
Article Tags: american investor, bill gates, business acumen, carlos slim helu, forbes list, government savings bonds, immigrant parents, mexican revolution, mexico citys, ottoman empire, prime real estate, richest person in the world, rock bottom prices, second richest person in the world, shareowner, true calling, universidad nacional autonoma, universidad nacional autonoma de mexico, warren buffett, worlds richest people



Related Forum Posts
Re: The Mobile Marketing Re: The Mobile Marketing - Mobile Marketing involves communicating with the consumer via cellular (or mobile) device, either to send a simple marketing message, to introduce them to a new audience participation-based campaign or to allow them to visit a mobile website. Some of the tools of the trade and a few of the concepts that will be featured in this Mobile Marketing 101 series are: Multimedia Messaging Services (MMS) Unstructured Supplementary Service Data (USSD) Bluetooth, Wireless and Infrared Mobile Internet and Social Media Mobile Applications Mobile connectivity not only enables people to connect to the Internet via a cellular telephone, PDA or other gadget, but also consolidates the different communication channels in a simple, yet effective, medium. Cheaper than traditional means for both the consumer and the marketer - and easy enough for almost any age group to understand and engage with - Mobile Marketing really is a streamlined version of traditional eMarketing.
Re: Mobile Marketing Re: Mobile Marketing - Top 10 trends in the mobile application in 2012 What is most interesting to us mobile marketers is what lands at # 2 and # 3 spots on his list. "Mobile Search", "location-based services," and also, the place n. # 8 is our favorite of my "mobile advertising." last round after this morning's location based on 1020 funding Placecast poster supports the thesis that when it comes to phones, people expect to be able to discover things around them. That makes sense - after all, what good is a mobile device if you can not access the information you need right now? Gartner reports that location services will be "one of the most disturbing in the coming years." Gartner predicts that the LBS user base of 96 million global growth in 2009 to more than 526 million by 2012. "His value to the user high is the result of its ability to meet a variety of needs, ranging from productivity and fullfillment target social networking and entertainment." Mobile Search, which Gartner says is a fundamental purpose "to drive sales and marketing opportunities in the mobile phone," now just need the user experience. Once "the industry improves the user experience of mobile search to get people back again," Gartner predicts it will be the third most popular application in 2012. Getting to # 8, mobile advertising is no joke. Total spending on mobile advertising in 2008 was $ 530.2 million, which Gartner expects to grow to $ 7.5 billion in 2012. "Mobile advertising is an important way to monetize the mobile Internet content, applications and offering free services to end users. The mobile channel will be used as part of the largest advertising campaigns in various media, including television, radio, print and outdoor, "says Gartner. Here's the full top 10 types of future mobile applications, according to Gartner: 1. Money transfer 2. Location Based Services 3. Mobile Search 4. Mobile Browsing 5. Mobile health monitoring 6. Mobile Payment 7. Near field communication services 8. Mobile Advertising 9. Mobile Instant Messaging
Re: Mobile Marketing Re: Mobile Marketing - No doubt on this.Mobile marketing seems to be a good business now although very few amount of people have knowledge about this.
Re: The Mobile Marketing Re: The Mobile Marketing - Mobile Marketing is on pace and it'll engage a reputed image soon. Online shopping is based on PCs and Laptops at the present time but soon it will also be popular for mobile phones.
Re: Making Money in 2010 - What's Next? Re: Making Money in 2010 - What's Next? - Mobile contents will sell more this year. Cell phones are now replacing our laptops and PC. You can do virtually all thing you do on your pc on your cell phone now or smart phone.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

The Importance of Master Data Management (MDM)

10 Golden rules to survive the Global Crisis

Is the iPad useful? One CEO tells all ....

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.