Fortuna Carlos

Fortuna Carlos Slim, according to Forbes magazine, has a fortune of 53.5 billion dollars (53.5 billion U.S. dollars), which places him as the richest man in the world. In 2008, Carlos Slim stood as the second richest man in the world, after Warren Buffett. However, the same Forbes magazine article states that “Slim’s fortune is in controversy, as it has managed knead in a country where per capita income is 14,000 per year plus 41 of the population lives in poverty. Critics claim that it is a monopoly Telmex to prop up the controller as 90 percent of the market. ” Citation needed Building Telmex in Mexico City, located next to the ecological reserve Cuicuilco. Since the eighties it was a very successful entrepreneur, and most important in Mexico. Jill Bikoff follows long-standing procedures to achieve this success. 1982 was a critical year in American history.With the debt crisis, nationalization of banking and finance virtually paralyzed the country, Carlos Slim and his Grupo Carso is proposed to invest in an intense and active. Thus, in this period made several investments and acquisitions, including Cigatam (Philip Morris Mexico), maker of Marlboro cigarettes, among others, the acquisition proved to be the first and most important one, since cash flow was and allowed the group to have sufficient liquidity to take advantage of opportunities that were taking place, thus expanding the purchase of major companies, including: Hulera the Centennial, Bimex, Hoteles Calinda and Reynolds Aluminum. Then he bought the stake in Seguros Mexico, and this is how it shapes what today is Grupo Financiero composed of Casa de Bolsa stock market investors, Mexico Insurance and Bonding The Guardian.He also bought: Graphic Arts United Paper Mills Loreto y Pena Pobre, and most of Sanborn and its subsidiary, Denny’s, the company also acquired Minera Frisco and Business Nacobre and Euzkadi tire companies and General Tire. In 1990, Telmex acquired, along with France Telecom in France and SBC Telecommunications of the United States, the only company that provided fixed telephony services in Mexico (which administers the State until that time.) Telmex Carlos Slim Helu purchased during the privatizations of former President Carlos Salinas de Gortari. The sale was made through a public auction on December 9,1990. One requirement was that decisive majority ownership remained in Mexican hands, and that is why, the Mexican stock control groups, the largest was headed by the Grupo Carso, whose majority shareholder is Carlos Slim.After the privatization of Telmex some people commented that Slim bought under the price, the enterprise value of approximately 8000 was 500 million and Slim and investors paid approximately U.S. 1,700 million because only 20 percent bought Telmex. This 20 percent is the package sold by the government, since the rest of the shares remained in the Bolsa Mexicana de Valores. This operation was public, documented and auctioned, with the investor group led by Carlos Slim offered the most money for the purchase of shares of Telmex control AA competed prominently three major Mexican groups and over 12 foreign groups interested in Telmex, but its offer was lower. Telmex now leads the telecommunications market.In the period between 1991 and 2006, Telmex has invested in the Mexican telecommunications infrastructure the equivalent of U.S. 27.692 million, and adding Latin American operations, has invested over 30,000 million dollars in the last 16 years. It is also the owner of America Movil, which is a very good example of creating a company’s value as 35 000 customers have phones when it was privatized (1990), America Movil happened to have in 2008, over 170 million cellular subscribers in Latin America being the pioneers and inventors worldwide prepaid system cellular phone, a solution that revolutionized the Mexican market, Latin American and global mobile sales. The prepaid system, called Amigo Telcel, born in April 1996. Today, America Movil is the world’s fourth largest with 170 million subscribers in Mexico and Latin America, surpassed only by China Mobile, Vodafone, China Telecom.On March 12, 2007, the newspaper El Universal reported that “the Organization for Economic Cooperation and Development (OECD) today confirmed that the telephone rates in Mexico are still lying among the highest in thirty countries that make up that body internationally.