As of February 20, 2023, Carlos Slim Helu was the wealthiest man in Mexico, with an estimated net worth of 90.7 billion U.S. dollars, followed by German Larrea Mota Velasco (No. ", "If you want to be rich and powerful, majoring in STEM is a good place to start", "Billionaire Carlos Slim Listing Fifth Ave Mansion For $80 Million, Almost Two Times What He Paid", "Mexico's Carlos Slim Buys 8.4% Stake in Argentina's YPF", "Carlos Slim offers tips for making most of downturn", "Prodded by the Left, Mexico's Richest Man Talks Equity", "Carlos Slim Moves From Telecommunications Into Real Estate", "Billionaire Carlos Slim Doubles Holdings in New York Times", "Carlos Slim becomes top New York Times shareholder", "The New York Times Company Notice of 2016 Annual Meeting and Proxy Statement", "Carlos Slim Purchase Mexican Soccer Teams Sets Showdown With Television Giant", "Larry King to Launch Interview Show on Ora.tv", "Carlos Slim buys stake in Mexican soccer teams, television rights- FOX Sports on MSN", "Is This Mexico's Most Powerful Man in Music? Wealthiest People in Mexico (February 20, 2023) 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. 3, $11.0 billion); and Maria Asuncion Aramburuzabala (No. They didnt stop there; they started acquiring other retailing franchises under the family company banner: CIFRA. These are Mexicos internal factors. He is fortunate enough to be the son of a rich man, Emilio Acarraga Vidaurrieta, who founded Televisa. Based on MasterCMS Ultimate Edition v2.9 2020, Top 10 Most Beautiful Mexican Actresses - Updated, Top 8 Most Handsome Men in Mexico - Updated. Here is a list of the 10 most intelligent talking birds in the world, for your reference. All of Mexico's billionaires reside in Mexico's capital, Mexico City. ", Market Screener. [30][32] By 2006, Telmex controlled and operated 90 percent of the telephone lines in Mexico, and his wireless telecommunications company, Telcel, which was created out of the Radiomvil Dipsa company,[19] operated almost 80 percent of all the country's cellphones. The 10 Richest Cities In New Mexico For 2023 - HomeSnacks The state had a poverty rate of 29.1% in 2012. "Largest Mexican Companies by Market Cap. Some of the most popular and well-known wealthiest cities include London, New York, Paris, and Dubai. After more than a month of Covid-19 cases continuing to swell and President Andrs Manuel Lpez Obrador downplaying the threat, the fortunes of Mexicos remaining billionaires have shrunk to a combined $103 billion. Amrica Mvil, Latin America's largest telecommunications company, is owned by the Helu family. He also became the majority shareholder of Sanborn Hermanos, a prominent Mexican food retailer, gift shop and restaurant chain. 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). Read on CANCER Monthly Horoscope In May 2023: Astrological Prediction for Love, Money, Career, Travel, Education and Health and follow our advice to have a favorable month May 2023. He studied economics at the Instituto Tecnologico Autonoma de Mexico. [93], Slim has been publicly skeptical of The Giving Pledge by Bill Gates and Warren Buffett giving away at least half of their fortunes. The wealthiest people in Mexico live in the capital city of Mexico City, as well as in the surrounding metropolitan area. Fast-forward two weeks, and all but one of the nation's billionaires were worth less than a year ago. On March 27, Grupo Elektra said it was recording an unexpected $225 million loss on a loan made to a key U.S. client that filed for bankruptcy after failing to find cash amid coronavirus uncertainty. Ricardo Salinas Pliego owns financing company Grupo Elektra and conglomerate Grupo Salinas, which boasts holdings in television, telecommunications, retail, and banking. He took economics courses in Chile when he completed his engineering degree. Amrica Mvil once commanded an 80% share of the landline market and a 70% share of the mobile market in Mexico. Forbes has released its list of wealthiest people in the world. Meanwhile, the bottom 50 percent had a total of -0.2 percent, which means that, on average . Best Fashion Schools In The World For 2022. They relied on her to take her formerly family business to greater heights, and she did. 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. Some of the most popular places for the rich and famous to vacation in Mexico are the coastal resorts of Acapulco, Cancun, and Puerto Vallarta. On this Wikipedia the language links are at the top of the page across from the article title. The full list will be published in Forbes 's upcoming print edition. The North Island in the Seychelles is one of the worlds most luxurious and environmentally friendly private islands. Currently in the world there are more than 100 different horse breeds, here are the top 10 best and highly appreciated breeds. Minnesota ranks 21st in the country in terms of population with 5,489,594 people. Brazil is the largest economy in South America, followed by Argentina, Chile, Colombia, and Peru. Who are the richest people in Mexico and what do they do? Companies in the Mexican construction, soft drink, printing, real estate, bottling and mining industries were the initial focus of Slim's burgeoning business career. Orbia Advance Corp. shares doubled in the past year, driving his fortune up from $1.6 billion on the 2020 Forbes list. In 2008, Slim took a 6.4% stake valued at $27 million in the New York Times Company, a prominent American newspaper publisher. He was worth $9.9 billion in 2012, but that wealth since plummeted to $7.8 billion. [citation needed] Butaccording to his spokesmanhe devoted US$4billion, or roughly 5%, to his Carlos Slim foundation as of 2011. In fact, the country has seen some big numbers in this field, with numbers of multi-millionaires in Mexico exceeding the global average. Mexico is home to a dozen of billionaires with huget assets in various fields. Shares of Grupo Mxico, the nations largest mining corporation, ended a turbulent year down nearly 30% after one of the worst quarters since the Great Recession for copper miners around the globe. [53], On April 15, 2015, Slim formed oil company Carso Oil & Gas. [4] In 1965, profits from Slim's private businessses and investments reached US$400,000,[24] enabling him to start the stock brokerage house Inversora Burstil. 18 Richest People - Billionaires in Georgia, USA, 10 Interesting Greetings from Around the World, Top 10 Door Lock Brands With the Most Security in the World, Top 10 Greatest and Famous LOVE STORIES in The World, Top 10 Most Largest US Colleges & Universities - by Enrollment, Subscribers, 15 Most Popular Online Courses of the U.S Top Universities 2023/2024, March 2023 Monthly Horoscope of 12 Zodiac Signs - Astrological Prediction, Top Best Hospitals for Citizens and Visitors, Daily Horoscope: Best Prediction for 12 Zodiac Signs, Most Auspicious Dates and Days In Every Month of 2023 To Do Everything, Unique Life Lesson to Remember - No School Teach You, Top 10 Most Intelligent Talking Birds in The World, Luckiest Day of Each Zodiac Sign in This Week, March 6-12, 2023, Top 10 Most Beautiful School Uniforms in The World, The Unexpected Luck of 12 Zodiac Signs in March 2023, According to Astrology, Top 5 Most Attractive Female Zodiac Signs At Work, LEO MONTHLY HOROSCOPE In MAY 2023 - Best Astrological Prediction, CANCER MONTHLY HOROSCOPE In MAY 2023 - Best Astrological Prediction. The following are ten of Mexicos richest men in 2019. The diversity of this tourist destination is breathtaking. The Hamptons are a group of East End communities in Long Island, New York, located to the east of you. Explore The Unique Culture And Nightlife Of Tijuana With A Stay At These Boutique Hotels! Check it out! [78] His real estate company constructured Plaza Carso in Mexico City, where most of his business ventures share a common headquarters address. Table of Contents show 10. He served as CEO of several banks for more than three and a half decades. Concurrently, Telmex also spun off its international cellular phone division for a $15 billion listing of America Movil SA on the New York Stock Exchange. [17] By the age of 15, Slim had become a shareholder in Mexico's largest bank. He is CEO of toll road company Promotora y Operadora de Infraestructura, known as Pinfra, and owns about 29% of the stock. [94], In 1995, Slim established Fundacin Telmex, a broad-ranging philanthropic foundation, which as he announced in 2007 had been provided with an asset base of US$4billion to establish Carso Institutes for Health, Sports and Education. 4, $7.1 billion). [76], In 2021 Forbes stated his net worth as $73.3 billion. [81], Slim's growing wealth has been a subject of controversy, because it has been amassed in a developing country where average per capita income does not surpass US$14,500 a year, and nearly 17% of the population lives in poverty. [66], On 8 August 2007, Fortune magazine reported that Slim had overtaken Gates as the world's richest person. Where are Mexicos billionaires in the global ranking? With 19 billionaires, Malaysia's richest people have power in sectors of strength. Becle S.A.B. Guadalajara is one of the bigger cities in Mexico, population-wise, and one of the richest cities in the country. 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. He is now worth 3.1 billion dollars. Have you read? The Full List of Indian Billionaires In 2023 - Who Are Top 10 Richest People In India? ", CompaniesMarketCap.com. A typical household income in the United States is nearly $15,000 more than the countrys median income, which is $73,303. How he . The purchasing power parity-adjusted GDP per capita is estimated to be around $35,500. ", The World Bank. And that is true in Mexico as well. Today his holdings span industries that include hospitality, athletic wear and flooring. The wealthiest person in Mexico is Carlos Slim, who made his $62 billion fortune in telecommunications. Chile, according to official statistics, is the richest country in South America, with extremely high living standards as well as an economically prosperous economy. The wealthy also have a presence in other major cities like Monterrey and Guadalajara, as . Many of these corporate acquisitions were financed by the revenues and cash flows from Cigatam, a tobacco distributor which he purchased early in during the early 1980s Mexican economic downturn. Dubai is a popular business hub due to its status as a wealthy state. In 2020 alone, the peso has fallen more than 25%. Juan Francisco Beckmann Vidal,. [14] Graduating as a civil engineering major, Slim has stated that his mathematical ability and his background of linear programming was a key factor in helping him gain an edge in the business world, especially when analyzing the financial statements of prospective companies when making business decisions and potential investment acquisitions.[15][22][23]. All rights reserved Email: editor@knowinsiders.com. These countries economies are growing at a healthy rate. Areas such as the wealthy neighborhoods of Polanco and Lomas de Chapultepec are some of the most expensive real estate in the country. Beckmann Vidal, a descendant of Don Jose Antonio de Cuervo, owns the majority of Jose Cuervo tequila maker Becle. The point is you have to recognize and grasp. The richest people in Mexico. [96] The inauguration in 2011 was attended by the President of Mexico, Nobel Prize laureates, writers and other celebrities. Since then, up to this day Maria Asuncion serves on the board of the company Anheuser-Busch InBev. [84][5][7], According to Celso Garrido, economist at the Universidad Nacional Autnoma de Mxico, Slim's domination of Mexico's conglomerates prevents the growth of smaller companies, resulting in a shortage of paying jobs, forcing many Mexicans to seek better lives in the U.S.[85], Slim was criticized by the Dutch minister of economic affairs, Henk Kamp, in 2013 for attempting to expand his telecommunications empire beyond the Americas by Amrica Mvil's buy-out offer to KPN, a Dutch landline and mobile telecommunications operator. You will find the answers in thie article right below. List of top 10 richest people in Mexico by their net worth - Forex News Now Despite a broader market rout, Grupo Elektra posted strong earnings growth for its fourth quarter 2019, helping its stock bounce back after initial losses in early March. When Forbes calculated fortunes for the list on March 18, 2020, the Mexican peso was at its weakest point ever compared to the U.S. dollar, with $1 trading for close to 24 pesos.