Though the bulk of his holdings remained in Mexico, he began targeting the United States for foreign investments. The study found that the three states had the highest GDP per capita in 2013, at $17,209, $16,532 and $15,532 respectively. A weaker Mexican peso and a slide in the shares of Slims biggest holding, telecom giant Amrica Mvil, pushed his net worth down $12 billion compared to 2019. Areas such as the wealthy neighborhoods of Polanco and Lomas de Chapultepec are some of the most expensive real estate in the country. Wealthiest People in Mexico (February 20, 2023) [31] He also acquired a 40% and 50% interest in the Mexican arms of British American Tobacco and The Hershey Company, respectively. Fernando Chico Pardo, whose largest asset is airport operator Grupo Aeroportuario del Sureste, and brothers Jose and Francisco Jose Calderon Rojas, shareholders of Coca-Cola bottler and convenience store company FEMSA, also fell out of the rankings. Take a look at the life of Mexico's richest man, who's lived in the same house for 40 years", "Carlos Slim Generates Billions of Value Creation in Telecom", "Slim Spending $1.4 Billion on Complex in Mexico City", "The real estate trend with billionaires is investing in U.S. property market", "Carlos Slim buys Spanish real estate on the cheap", "Slim's Big Giveaway: As the government steps up its scrutiny, the billionaire is stepping up his philanthropy", "Mexico's wealthiest mogul spurs controversy", "Dutch Government Issues Warning on Takeover of Telecom Firm KPN By Mexican Billionaire Carlos Slim", "America Movil Moves to Cut KPN Stake With Convertible Bond", "Carlos Slim Positions Himself to Benefit from the End to Pemex's Monopoly", "Mexican Tycoon Carlos Slim Poised To Take Advantage Of Mexico's Announced Oil Reform", "Carlos Slim Expands Oil Investments With Colombia Stake", "Pemex Hires Carlos Slim's Rig for $415 Mln", "In attacking billionaire Carlos Slim, Trump invokes Mexico, Again", "Mexican billionaire Carlos Slim was a Trump nemesis. [45], In September 2012, Slim bought 30% stakes in Pachuca and Len, two Mexican soccer teams through his telecommunications company America Movil. Mexico's GDP as of 2020 was $1.07 trillion; whereas Spain's was $1.28 trillion, making Spain, in that sense, richer than Mexico. (CICSA) as a non-profit construction and engineering firm within Grupo Carso. The offers that appear in this table are from partnerships from which Investopedia receives compensation. His TV broadcaster TV Azteca has seen revenues decline; its market capitalization is a tiny fraction of what it was a decade ago. The richest state in Mexico is Baja California, or Baja California Norte, the country's 12th largest state. According to the Bloomberg Billionaires Index, Slims wealth increased by $7.2 billion to $78.2 billion as of June 2022, making him the richest man in Latin America. 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. Gonda de Rivera fell off the list this year after recent stock exchange filings showed that her FEMSA stake is now shared with at least 16 other family members. She is one of the famous businesswomen in Mexico. Carlos Slim Hel (Spanish pronunciation: [kalos ezlin elu]; born 28 January 1940) is a Mexican business magnate, investor, and philanthropist. [99] Telmex donated at least $1 million to the Clinton Foundation. Others made their fortunes in mining, finance, and retail. [9] He later expanded his business operations and commercial activities by venturing into numerous industries across the Mexican economy including auto parts, aluminum, airlines, chemicals, tobacco, cable and wire manufacturing, paper and packaging, copper and mineral extraction, tires, cement, retail, hotels, beverage distributors, telecommunications and financial services (Slim's Grupo Financiero Inbursa sells insurance and manages mutual funds and pension plans for millions of ordinary Mexicans). Stock prices had tumbled as well. [5] Slim owns the Duke Seamans mansion, a 1901 beaux arts house on 5th Avenue in New York City, which he bought for $44 million in 2010. It went public in 2017. The son of late politician Carlos Hank Gonzalez has interests in construction, tourism, energy, auto dealerships and more, which fell in value by approximately 10% since last year. [102] The complex, whose construction was funded by Slim, includes an evangelization center, museum, columbarium, health center, and market.[103]. Since 2012, most of the Mexican dollar billionaires have suffered a significant reduction in their net worth. The state is rich in mineral resources thus has generally been self-reliant. For some weird reason, Mexicos elite hasnt been performing as well financially as its middle class. 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. [92], Later in 2017, Trump and Slim met in person. CEOWORLD magazine - Top Stories - Stats Gate - Wealthiest People in Mexico (February 20, 2023). Amrica Mvil once commanded an 80% share of the landline market and a 70% share of the mobile market in Mexico. America Movil partnered with the company to aid its growth into advertising and television and help the audio recognition service expand in Latin America.[49][50]. ", Forbes. Antonio Del Valle Ruizis placed 8th with a net worth of $3.2 billion. New Mexico businessman Ron Corio made the 2021 list. NEW MEXICO (KRQE) - Forbes 35th annual billionaire list says a New Mexico . [19] Slim increased his stake to 8% by 2012. Best known for co-founding Google, American business magnate Larry Page is the eighth-richest person in the world in 2023 with a wealth of $84.7 billion (Rs 7 lakh 92 thousand crore), according to . 3, $10.9 billion); and Alejandro Bailleres Gual (No. ], In 1911, Julin established a dry goods retail store, La Estrella de Oriente (The Star of the Orient). In 2010, the state of New Jersey had the tenth highest population density of any state in the United States, with 8,958,013 residents. 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. This is a BETA experience. All rights reserved, Exploring The Numbers Behind The Caravans In Tijuana Mexico: Examining Implications For The US And Mexico, Uncovering The Banking Secrets Of Tijuana: How To Safely Access ATMs In Mexicos Busiest City, Discover How To Call A Taxi In Tijuana Learn About The Cost And Safety Tips, Mayor Of Tijuana: Juan Manuel Gastlum Buenrostros Fight To Improve Quality Of Life In Mexicos Largest City, Exploring The Intertwined Cities Of Tijuana And Coronado, Uncovering The Real Tijuana: Examining The Complex Dynamics Of The Mexican City Beyond The Headlines, The Excitement Of Marriage Certificates In 1951 Tijuana Mexico, Exploring The Distance Between Tijuana And Mexicali. Amrica Mvil, Latin America's largest telecommunications company, is owned by the Helu family. Rent in Buenos Aires, according to Rentista, is around $900 per month, which is quite steep in Latin America. He successfully pursued an engineering degree from the Universidad National Autonoma de Mexico. Here are Mexicos 13 billionaires; net worths are as of March 5, 2021: Slim, whose largest asset is a majority stake in pan-Latin American wireless telecom firm Amrica Mvil, was the worlds richest person for four years from 2010 to 2013. Among those no longer in the ranking are Emilio Azcrrago Jean, who inherited control of Mexicos largest television company, Televisa, after his father passed in 1997, and David Penaloza Alanis, the CEO of listed infrastructure firm Pinfra, which his father founded in 1969. "World's Billionaires List: The Richest in 2021. Upon immigrating to Mexico, her parents founded one of the first Arabic-language magazines for the Lebanese-Mexican community, using a printing press they had brought with them. Germn Larrea Mota Velasco 3. Today, amid the pandemic, it sits empty. [11][12][13] He decided at a young age that he wanted to be a businessman,[4][14] The 10 Richest People in Mexico - moneyinc.com His father started the family mining empire, and Alberto steered it into mega profitability and growth. Alberto Baillres owns Grupo BAL, an enormous conglomerate that includes Peoles, a major mining company, and El Palacio de Hierro, an upscale chain of department stores. Others made their fortunes in mining, finance, and retail. Labor representatives boycotted attending the OIAG supervisory board meeting for 12 hours criticizing lack of explicit job guarantees. Just 12 billionaires from Mexico land on Forbes' 2020 ranking of the World's Billionairesfive fewer than in 2019. Here are that country's top five wealthiest individuals, along with itemized descriptions of their net worths, their wealth rankings in Mexico, their global wealth rankings, plus descriptions of the sectors in which they earned or inherited their astonishing fortunes. He had to spend years climbing the corporate ladder of employees in the financial services sector. Her husband is the one who owned a 27 percent stake in FEMSA, and Eva now manages the beverage company with the help of her son-in-law, who acts as the company CEO. For that he can thank his familys nearly 75% stake in appliance retailer and lender Grupo Elektra. Learn how your comment data is processed. Mexico City offers a wide variety of cultural attractions, as well as a bustling nightlife scene. [19] Slim has six children: Carlos, Marco Antonio, Patrick, Soumaya, Vanessa, and Johanna. Reluctant Mexican consumers in his banking and retail ventures resulted in fewer sales and loans. You may opt-out by. Reach her at info@ceoworld.biz. 4, $7.1 billion). [21], Amidst the Mexican economic downturn before its recovery in 1985, Slim invested heavily by snapping up numerous Mexican flagship companies for pennies on the dollar. The legitimate billionaires are the ones that should serve as inspiration for you to become a billionaire yourself. The Full List of Billionaires Of Philippines In 2023 - Who Are The Richest People In The Philippines? [1][2][7][8] He accounts for 40% of the listings on the Mexican Stock Exchange,[7] while his net worth is equivalent to about 6% of Mexico's gross domestic product. Bloomberg's Billionaire Index ranks . [20], In February 2011, Julian, the oldest brother of Carlos, died aged 74. [68] It was the first time in 16 years that the person on top of the list was not from the United States. The state had a poverty rate of 29.1% in 2012. Astrologers predicted that things will improve after the second week. He started a successful supermarket chain with his younger brothers at the age of 33 years. The average home value in Rhode Island is $180,300, which is $8,000 less than the national average. 4, $6.2 billion). Best Fashion Schools In The World For 2022. His father died early, and he took over the company at only 28 years of age. 2, $27.0 billion),Ricardo Salinas Pliego (No. [9] In 1990, Grupo Carso was floated as a public company initially in Mexico and then worldwide. With Bernard Marcus being the richest person in Georgia, here is the top 18 richest and wealthiest billionaires in this state, according to Forbes. Unemployment rates in Virginia are estimated to be at 4% while poverty rates are estimated to be at 11.1%. [54], Slim's father, Khalil Salim Haddad Aglamaz, was born on 17 July 1888[55] in Jezzine, Lebanon (then part of the Ottoman Empire). The wealthiest people in Mexico live in the capital city of Mexico City, as well as in the surrounding metropolitan area. If the city were independent, it would be the third most populous in the European Union behind Madrid and Lisbon. Furthermore, there is no income tax in the city, as well as a low tax rate. Surprisingly, according to the Bloomberg Billionaires Index, Carlos Slim, a Mexican billionaire, ranks higher than Mark Zuckerberg, the inventor of Facebook (position 23). [98] In the rise of his wealth, the Business magnate has engaged in the formation of several companies. Just over a year ago, Forbes took a snapshot of the worlds wealthiest using stock prices and exchange rates from March 18, 2020. She also provided leadership to giant investment firm Tresalia Capital. His real estate holding company, Inmobiliaria Carso has developed, invested, owned and operated many residential and commercial real estate properties across Mexico since the 1960s. When he started his entrepreneurial drive, he benefited from his fathers lessons in accounting, finance and management.