[28] In April 2015, Slim bought the Marquette Building in Detroit and purchased PepsiCo Americas Beverages headquarters in Somers, New York, for US$87million. 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. The supermarket chain, Aurrera, changed the brothers lives entirely. This compensation may impact how and where listings appear. Most of these billionaires inherited large fortunes that they were able to reinvest and grow. Chico Pardo returns to the ranks after falling off in 2020. 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. [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. Mexican Rich List 2021 [ edit] Carlos Slim - US$62.8 billion - Telmex, Inbursa, Amrica Mvil, Grupo Carso and Telcel Germn Larrea Mota-Velasco - US$25.9 billion - Grupo Mxico Ricardo Salinas Pliego - US$12.9 billion - Grupo Salinas Alejandro Baillres - US$9.2 billion - Peoles and Palacio de Hierro Forbes has released its list of wealthiest people in the world. The 10 richest people in Mexico are presented below. In late February, while Mexico's reported coronavirus cases were still hovering in the single digits, the nation's billionaires were faring well, despite two quarters of economic contraction; the overwhelming majority were enjoying lofty gains thanks mostly to soaring share prices, and combined, they were worth $125 billion. Rio de Janeiro has a strong and dynamic economy that has a GDP of 190 billion US dollars, making it one of Brazils most powerful cities. prerequisite learning and attitude adjustment. Where do the rich and famous hangout? Where are Mexicos billionaires in the global ranking? The GDP of a city determines its wealth. Utah has a poverty rate of 11.1%, which ranks it twelfth out of 25 states. He purchased all or a sizeable percentage of numerous Mexican businesses at significant discounts, including Empresas Frisco, a mining concessionary and chemical maker, Industrias Nacobre, a copper manufacturer, Reynolds Aluminio, a Mexican aluminum concern, Compaa Hulera Euzkadi (Mexico's largest tire maker), and Bimex hotels, a hotel chain. Most of his fortune lies in his stake in Grupo Elektra, a publicly-traded home appliances retailer that targets lower middle class consumers who borrow money from his banking arm, Banco Azteca, to buy items like refrigerators and TVs. Benjamin Graham was an influential investor who is regarded as the father of value investing. Together with Fundacin Carlos Slim Hel, Telmex announced in 2008 that it was to invest more than US$250million in Mexican sports programs, from grass-roots level to Olympic standard. We present a list of the top ten wealthiest cities in Mexico, including Guadalajara, Monterrey, and Tizayuca. Like Roberto Hernandez, Harp Hel was also a shareholder of Mexican bank Banamex, which Citigroup purchased for some $12 billion in stock and cash in 2001. Most visitors arrive via its airport, so the beaches of Baja California are well known for their sand and sea. Carlos Slim Helu was the wealthiest man in Mexico, with an estimated net worth of 81.5 billion U.S. dollars, followed by German Larrea Mota Velasco (No. Today, amid the pandemic, it sits empty. "America Movil Fined $128 Million by Mexican Telecoms Operator. Amrica Mvil, Latin America's largest telecommunications company, is owned by the Helu family. Now the president-elect says he's 'wonderful', "Mexico's Carlos Slim Joins Ranks of World's Biggest Philanthropists", "From Azim Premji to Carlos Slim: The World's Most Generous Billionaires Outside Of The U.S.", "Slim: el Museo Soumaya Plaza Carso, para acercar el arte a quienes no pueden viajar", "F1: Sauber Signs Perez, Sponsor Telmex For 2011", "Motor racing-Mexico's Perez to race for Sauber", Hillary Clinton Follows Christie to Mexico for Carlos Slim Event, "Inauguration of Marian Plaza in the Basilica of Guadeloupe- Mexico", "Golden Plate Awardees of the American Academy of Achievement", "10.12.11 Galas, Appeals, and Children's Rights", Honorary Doctorate in Public Service by George Washington University, https://en.wikipedia.org/w/index.php?title=Carlos_Slim&oldid=1140054184, Mexican businesspeople in the oil industry, Mexican telecommunications industry businesspeople, National Autonomous University of Mexico alumni, Recipients of the National Order of the Cedar, Pages with non-numeric formatnum arguments, Pages containing links to subscription-only content, Articles with dead external links from June 2016, Articles with dead external links from August 2022, Wikipedia pending changes protected pages, Wikipedia articles that are excessively detailed from November 2020, All articles that are excessively detailed, Wikipedia articles with style issues from November 2020, Articles with unsourced statements from October 2020, Articles lacking reliable references from April 2011, Articles with unsourced statements from September 2022, Pages using Sister project links with wikidata namespace mismatch, Pages using Sister project links with hidden wikidata, Pages using Sister project links with default search, Creative Commons Attribution-ShareAlike License 3.0, Entrepreneurial Merit Medal of Honor in 1985 from Mexico's, Fundacion Telmex received in 2007 the National Sports Prize of Mexico for sports promotion, In 2008, his philanthropy was recognized with the award of, On 20 May 2012, Slim was awarded an honorary doctorate in public service from, The New York Times Syndicate & News Service, This page was last edited on 18 February 2023, at 05:27. [19][unreliable source? Since 2012, most of the Mexican dollar billionaires have suffered a significant reduction in their net worth. The following are ten of Mexicos richest men in 2019. He started a successful supermarket chain with his younger brothers at the age of 33 years. [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. He got nearly $500 million in 2017 when he sold his Grupo Financiero Interacciones to Grupo Banorte, the Monterrey-based bank founded by his wifes father, the late billionaire Roberto Gonzalez Barrera (d. 2012). Investopedia requires writers to use primary sources to support their work. [71], On 5 March 2013, Forbes stated that Slim was still maintaining his first-place position as the wealthiest person in the world, with an estimated net worth of US$73billion. Lisa is also an editor on the Breaking News desk and oversees stories of national significance. Though Becle's Mexico-listed stock edged up over the past year, the peso's fall against the U.S. dollar kept Beckmanns net worth flat with 2019. "The 10 richest families in Mexico. The games are also broadcast on the Internet through UNO TV, offered by Telmex. [9] As of 2016, he is the largest single shareholder of The New York Times Company. Shares of Pinfra have been on a rollercoaster ride during the past year but were worth slightly more on March 5 this year than on March 18, 2020. "Largest Mexican Companies by Market Cap. You can consider one of these 15 most popular online courses from top US schools. The Full List of Malaysian Billionaires In 2023 - Who Are The Richest People In Malaysia? At the age of 32 years, Arango did not know he could be Mexicos seventh-richest person. (adsbygoogle = window.adsbygoogle || []).push({}); As of February 20, 2023, Carlos Slim Helu was thewealthiest man in Mexico, with an estimated net worth of 90.7 billion U.S. dollars, followed byGerman Larrea Mota Velasco (No. A report that was released by the new company listed its assets at 3.5billion pesos (approximately US$230million), placed within 17.7million shares. During the same year, Slim sold off his entire stake of Porcelanite for US$800 million, a Mexican tile-maker that he acquired back in 1990. Larrea owns the majority of copper mining company Grupo Mxico, whose shares more than doubled in value in the past year, helping to boost his fortune from $11 billion last year. He is the Chairman and CEO of Grupo Mexico, and he is also a member of the Board of Directors. She has a long and successful history, Read More 10 Things You Didnt Know About Kim ReynoldsContinue, In 2015, Rahul Garg took the bold step of resigning from Google Asia to establish Moglix, a B2B platform. On March 27, 2020, the cash-strapped firm said it drew down $1 billion from its revolving credit line as a result of the Covid-19 outbreak. Mexico: richest people by net worth in 2022, by value of fortune Carlos Slim Helu and his family had a fortune of 81.2 billion U.S. dollars and were the richest people in the country as of 2022, according to Forbes. 2, $26.2 billion),Ricardo Salinas Pliego (No. Ballieres chairs mining group Industrias Penoles, whose shares have risen about 50% in the past year. [25] Julin was known for his business savvy, strong work ethic, and commitment to traditional Lebanese moral values. The engineer ventured into banking, tourism, energy, infrastructure, and auto dealerships. On the other hand, the richest one percent held an average wealth of 2.91 million euros in this Latin American country. To help people make the right choices, in accordance with their needs, KnowInsiders would like to list the Top 10 most famous door lock brands for your reference and comparison. Learn how your comment data is processed. After a two-year slump in copper prices, Grupo Mxico's share price more than doubled in 2020, propelling Larrea from the third-wealthiest Mexican billionaire to the second-place spot. The coronavirus-induced market crash in March pushed shares of Orbia, which changed its name from Mexichem in September, down to half their value vs. last year's billionaires list. In 2021, from the total national wealth in Mexico, 78.7 percent belonged to the top ten percent group. 3 last year, as shares of his mining firm Grupo Mexico more than doubled in value. [25][27] By 1972, he had established or acquired a further seven businesses in these categories, including a construction equipment rental company. She successfully pursued a Bachelors degree in Arts and Science. Stock prices had tumbled as well. She, her mother and sister sold beer giant Grupo Modelo for 20 billion dollars. How many billionaires in this African country? The private equity fund's investments are mainly concentrated in the transportation and infrastructure sectors and the fund garnered a total market cap of 5.152 billion pesos at the end of 2012. Influencer Melissa Ray shared a TikTok Thursday of her trip to Oaxaca, Mexico. The Full List of Billionaires Of Philippines In 2023 - Who Are The Richest People In The Philippines? Most Auspicious Dates and Days to do Everything In Every Month of 2023: Engagement, Wedding, Moving House, Buying Car, Child Birth, etc. [7], In March 2011, Forbes stated that Slim had maintained his position as the wealthiest person in the world, with his fortune estimated at US$74billion. Silicon Valley is an area in Northern California that is home to a large number of innovative technology companies. With 19 billionaires, Malaysia's richest people have power in sectors of strength. 2. The median home value in California is $449,100, making it difficult for those with an average income to afford a home. Antonio Del Valle Ruiz is placed 8th with a net worth of $3.1 billion. In the following year, Slim bought the Mexican arm of Sears Roebuck.[19][17]. The average cost of purchasing a home in the state is $244,500. Juan Francisco Beckmann Vidal,. [97], After stating that he had donated US$4billion of dividends to Fundacin Carlos Slim, US$2billion in 2006, and another US$2billion in 2010, Slim was ranked fifth in Forbes' World's Biggest Givers in May 2011. Carlos Slim Helu Appearing at the top 5 richest persons worldwide list, Carlos Slim has a net worth of $62.4 billion at the age of 79. Gates' net worth was estimated to be at least US$58billion. The Maldives, a remote, untouched island country in the Indian Ocean, has so much to offer that it is difficult to imagine how it could be exploited. Carlos Slim owns Amrica Mvil (AMX), whose telecom operations reach 25 countries. Large businesses and wealthy individuals exist in Mexico, particularly in larger cities. Cuenca, Ecuador, is a stunning city known for its late sixteenth-century Spanish-style architecture. Celebrity jet-setters, championship golfers, US party boys and girls, families, and anyone interested in living luxuriously along the Pacific Ocean are just a few of the celebrities who call Cabo San Lucas home. [1][7][15][58] Slim underwent heart surgery in 1999. The state is rich in mineral resources thus has generally been self-reliant. Carlos Slim owns Amrica Mvil (AMX), whose telecom operations reach 25 countries. His excellent managerial and administrative skills were further sharpened at Business Institute of Madrid where he earned a Masters degree.