Gold price rebounds from two-week trough

  • Share via facebook
  • Tweet this
  • Bookmark and Share
 

Revealed: 10 richest people in the world

1. Carlos Slim Helu

Slim is a Mexican tycoon of Lebanese descent, whose family emigrated from Lebanon in the early 1900s when the country was part of the Ottoman Empire. Born in Mexico Slim, began working for his father before going on to form his own brokerage firm and then expanded his operations into construction, real estate and mining businesses.

As the price of oil plunged during the 1980s, Slim made shrewd and calculated investment decisions, taking up stakes in various companies in Mexico and also entered new industries like finance and food retailing. His conglomerate, Grupo Carso, SA de CV, went public in 1990 and now includes a diverse portfolio with holdings in communications, technology, retailing, and finance. Slim currently is the chairman and chief executive of telecommunications companies Telmex and America Movil, which operate in eighteen countries across Latin America, the US and the Caribbean.

Slim also has stakes in Philip Morris, New York Times, Saks and Caixabank and is a majority shareholder of the Spanish football club Real Oviedo. As Arabian Business goes to press Slim’s estimated net worth is $73.3bn, making him the world’s richest person ahead of Microsoft founder Bill Gates, Berkshire Hathaway’s Warren Buffett, Oracle’s Larry Ellison and Bernard Arnault of LVMH Moet Hennessy Louis Vuitton, the world’s biggest luxury-goods company.

Sunday, 16 Dec 2012 10:02 AM
Tools: Share Email
 
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Features & Analysis
Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

1
Gold industry shifts east as Dubai plans huge refinery

Gold industry shifts east as Dubai plans huge refinery

$60m refinery being built by Kaloti Precious Metals in Dubai...

Dubai gold dealers shun Turkish bars on fear of links to Iran

Dubai gold dealers shun Turkish bars on fear of links to Iran

Trade in Turkish gold bars to Iran via Dubai is drying up as...

2
Most Discussed