He is now worth 3.1 billion dollars. 3 last year, as shares of his mining firm Grupo Mexico more than doubled in value. She, her mother and sister sold beer giant Grupo Modelo for 20 billion dollars. California has the most people of any state in the country, with 39,144,818 people living there as of 2015. He was worth $16.7 billion in 2012, but is now worth $12.8 billion because copper prices went down for the past few years. Gates' net worth was estimated to be at least US$58billion. Mexicos economy has suffered some setbacks due to the general global economic slowdown. Others made their fortunes in mining, finance, and retail. Carlos Slim owns Amrica Mvil (AMX), whose telecom operations reach 25 countries. Japans capital, Tokyo, is the richest city in the world. Carlos Slim Hel keeps his long-held spot as Mexicos richest person. Influencer Melissa Ray shared a TikTok Thursday of her trip to Oaxaca, Mexico. Corrales Village is one of New Mexicos wealthiest cities. The son of Lebanese immigrants and a cousin of Carlos Slim Hel, Alfredo Harp Hel diversified his fortune after receiving a hefty payout from Citigroup's 2001 acquisition of the Mexican bank he formerly owned, Banamex. 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. [4][9] By 1922, Julin's net worth reached $1,012,258 pesos, diversified among various assets including real estate, privately-controlled businesses and stocks. 9. In March 2012, Amrica Mvil acquired the broadcast rights for the Olympic Games in Sochi 2014 and the Brazil 2016 for Latin America. [1][80] In May 2015, he listed the property for sale at $80 million, nearly twice what he had paid. Those are the richest men in Mexico that should be known for the money, not the others. The Slim Domit family is the richest family in Mexico, which is largely attributed to Carlos Slim Helu's fortune. With his conglomerate Grupo Carso, he acquired Telmex, a landline telephone operator from the Mexican government. Mara Asuncin Aramburuzabala, who inherited a stake. In addition to the coastal areas, the city of Mexico City is also a popular destination for the rich and famous. After Argentina and Brazil, it is the third largest country in Latin America, the nation has extreme poverty and wealth levels. [21] The value of his stake in Seguros eventually became worth US$1.5billion by 2007, after four spinoffs. [77], Slim is an active real estate investor. After graduation, he pursued graduate degrees in both Library Science and Communication. [30] In addition, Grupo Carso's corporate conglomerate structure allows Slim to purchase numerous stakes across a wide range of industries, thereby making the overall conglomerate nearly recession-proof in the event that one or more industry sectors of the Mexican economy do not fare well. Also excluded -- but noted in the accompanying story -- are carpetbaggers like media baron Ted Turner, the state's largest individual landowner. America Movil is the telecom subsidiary of Mexican billionaire Carlos Slim. Some of the most popular and well-known wealthiest cities include London, New York, Paris, and Dubai. He was forced to sell assets in both markets after the government made it illegal for any company to own more than 50 percent of the share market in any of those two markets. 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. [35] Telmex has taken numerous stakes of various international cellular telephone operators outside of Mexico, including the Brazilian ATL and Telecom Americas concerns, Techtel in Argentina, and others in Guatemala and Ecuador. She's a California native who grew up in the Central Valley. Shares of his airport management firm Grupo Aeroportuario del Sureste plunged dramatically in early March 2020 but nearly doubled in value since then. This is another Mexican billionaire whos made his fortune in the mining industry. Surprisingly, according to the Bloomberg Billionaires Index, Carlos Slim, a Mexican billionaire, ranks higher than Mark Zuckerberg, the inventor of Facebook (position 23). Where are Mexicos billionaires in the global ranking? [41][42] The New York Times Company's Class A shares are available for purchase by the public and offer less control over the company than Class B shares, which are privately held. Fernando Chico Pardo, chairman and president of airport management firm Grupo Aeroportuario del Sureste, also returns to the ranks after falling off in 2020. She, with her mother and sister, inherited a stake in beer giant Grupo Modelo by her father. He ranks No. There are many wealthiest cities around the world, each with its own unique character and atmosphere. Just over a year ago, Forbes took a snapshot of the worlds wealthiest using stock prices and exchange rates from March 18, 2020. [96] The inauguration in 2011 was attended by the President of Mexico, Nobel Prize laureates, writers and other celebrities. Labor representatives boycotted attending the OIAG supervisory board meeting for 12 hours criticizing lack of explicit job guarantees. Maria Asuncion Aramburuzabala is the fifth-richest person in Mexico, with a whopping $6.3 billion. This densely populated state has the 12th highest unemployment rate in the country, with a poverty rate of 13.6%, and has the states highest unemployment rate. Though there were no billionaire newcomers from Mexico this year, the shifting market did give rise to a new richest woman in the country. Where do most celebrities go on vacation? If more people are employed, the richer the future looks. 4, $7.1 billion). ", "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? 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 was an active businessman and worked in one of Mexico's top intelligence agencies. Arango and his brothers, Manuel and Plcido, sold their retail chain to Walmart in 1997 for a reported $1.2 billion in cash, also nabbing a stake in Walmart de Mexico. He is richer than all the other Mexicans by a long shot. Though there were no billionaire newcomers from Mexico this year, the shifting market did give rise to a new richest woman in the country. His company America Movil purchased 30 percent of the team along with transmission rights as Slim doesn't have the rights to transmit content by broadcast television or cable TV as well as putting him in competition with Televisa and TV Azteca, two television companies with rights to the rest of Mexican soccer's first division. 2, $26.2 billion), Ricardo Salinas Pliego (No. In 1966, worth US$40million,[24][26] he established Inmuebles Carso, a real estate agency and holding company. A report that was released by the new company listed its assets at 3.5billion pesos (approximately US$230million), placed within 17.7million shares. [40] Slim's stake in the Times increased again to 16.8% of the company's Class A shares on 20 January 2015 when he exercised stock options to purchase 15.9 million shares, making him the largest shareholder in the company. Slim has been involved with broadcasting sports outside Mexico to larger markets such as the United States. I don't want to live thinking about how I'll be remembered [by Mexican people]," claiming indifference about his position on Forbes list of the world's richest people. How he . Beckmann Vidal is the heir of the famous Jose Cuervo brand of tequila, which has been a family legacy for eleven generations. [101], In 2011, he, along with the president of Mexico, Mexico City mayor, and Mexico City archbishop, inaugurated the first phase of Plaza Mariana close to Basilica de Guadalupe. Now the sole Mexican woman on the billionaire rankings, Asuncin Aramburuzabala inherited a stake in beer giant Grupo Model from her father before its $20 billion sale to Anheuser-Busch InBev in 2013. For that he can thank his familys nearly 75% stake in appliance retailer and lender Grupo Elektra. ", Forbes. In the sky-high capital of Colombia, Bogota, there is a high median income as well as a relatively high cost of living. Germany is home to the richest billionaires in Europe and also in the world. Concurrently, Slim established Carso Infraestructura y Construccin, S. A. The reason why these places are considered to be wealthy is because they have a high concentration of millionaires and billionaires. His media and telecommunications business is doing great though. Today his holdings span industries that include hospitality, athletic wear and flooring. Read on Astrological Prediction for Love, Money, Career, Travel, Education and Health. 2023 Tour By Mexico. On the other hand, the richest one percent held an average wealth of 2.91 million euros in this Latin American country. [1][7][15][58] Slim underwent heart surgery in 1999. Peter Lynch is one of the most successful and well-known investors of all time. [73], In September 2014, Forbes listed Slim as number 1 on its list of billionaires with a net worth of US$81.6billion. No zodiac sign is "completely unlucky" in all areas in March 2023. Mara Asuncin Aramburuzabala, who inherited a stake in beer giant Grupo Modelo from her father, is now Mexico's fifth-richest person, worth $5.6 billion. [53], On April 15, 2015, Slim formed oil company Carso Oil & Gas. READ MORE: The Full List of Indian Billionaires In 2023 - Who Are Top 10 Richest People In India? The following are ten of Mexico's richest men in 2019. 4, $7.1 billion). "GDP (current US$) - Mexico. The full list will be published in Forbes 's upcoming print edition. Dubai is also the worlds busiest international airport, with over 22 million passengers per year. This 80-year old Mexican is a self-made billionaire. Sydney woman claimed she was scammed in Mexico by Aussie expats. Check out full list of Mexico's billionaires 2023. CEOWORLD magazine - Top Stories - Stats Gate - Wealthiest People in Mexico (February 12, 2023). He then started founding different companies in different verticals and served as their president. [70] Between 2008 and 2010, Slim more than doubled his net worth from $35 to $75billion. How rich are these people? 3, $11.0 billion); and Alejandro Bailleres Gual (No. 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. Bloomberg's Billionaire Index ranks . Its been a very prosperous year to be a billionaire, data from the 2021 Forbes list of the Worlds Billionaires show. Juan Domingo Beckmann Legorreta ranked 6th with a personal wealth of $3.8 billion, followed by Rufino Vigil Gonzalez with $3.3 billion. She also owns a minority stake in fashion line Tory Burch. She took her seat in office in 2017 and she is a member of the Republican Party. de C.V. (FEMSA) (FMX), a beverage production, distribution, and marketing company. [19] During the same year, Slim underwent heart surgery and subsequently passed on much of his day-to-day corporate involvement to his children and their spouses. 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. Linda, of Lebanese ancestry, was born in Parral, Chihuahua. On this Wikipedia the language links are at the top of the page across from the article title. [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. [19][4], In 1982, the Mexican economy contracted rapidly. You could buy just about anything and never have to enrich any competitors. 12 richest on last years list, as others like Larry Page and Sergey Brin, the cofounders of Google, as well as the worlds richest woman, LOreal heir Francoise Bettencourt Meyers, moved up in the rankings. Carlos Slim Helu - $77.1 Billion. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. Since then, up to this day Maria Asuncion serves on the board of the company Anheuser-Busch InBev. [3], In December 2012, according to the Bloomberg Billionaires Index, Carlos Slim Hel remained the world's richest person with an estimated net worth of US$75.5billion. He took economics courses in Chile when he completed his engineering degree. Most of the people living in Sonora are employed in the industry and tourism sector. He is fortunate enough to be the son of a rich man, Emilio Acarraga Vidaurrieta, who founded Televisa. She's a California native who grew up in the Central Valley. In December 2012, he bought all the shares of the second division team Estudiantes Tecos. 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. He acquired large blocks of Denny's and Firestone Tires. ", The World Bank. His father, David Penaloza Sandoval, founded a predecessor company. 16 richest on Forbes 2021 list, down from No. From Seguros de Mxico, Fianzas La Guardiana and Casa de Bolsa Inbursa, he formed the Grupo Financiero Inbursa, a financial services provider. 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. 1. David Penaloza Alanis, CEO of toll road company Promotora y Operadora de Infraestructura, known as Pinfra, returns to the ranks after falling off in 2020. Average Salary: $45,406 USD. ", Forbes. "Share of population living n poverty in Mexico in 2020, by state.". ], In 1911, Julin established a dry goods retail store, La Estrella de Oriente (The Star of the Orient). Read on to know how many billionaires Germany has. In 2018, regulators fined the company $128 million for violations of antitrust laws. ", "Bloomberg Billionaires Index: Carlos Slim", "Why Mexican Billionaire Carlos Slim Made a Secret Visit to India", "Mexican mogul Carlos Slim got his big break in sell-off of national telephone firm", "Carlos Slim: At home with the world's richest man", "What Education Do You Need To Become A Billionaire? Mexico is home to thirteen of the world's 2,755 billionaires, as measured in U.S. dollars. Companies in the Mexican construction, soft drink, printing, real estate, bottling and mining industries were the initial focus of Slim's burgeoning business career. In the following year, Slim bought the Mexican arm of Sears Roebuck.[19][17]. Germn Larrea Mota Velasco is the Chairman and CEO of Grupo Mxico S.A.B. "Alberto Bailleres Gonzalez & Family. 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. 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. These countries economies are growing at a healthy rate. [83], In 2016, then Presidential candidate and eventual 45th President of the United States Donald Trump accused Slim of being involved in editorial articles critical of him published in The New York Times during his 2016 Presidential campaign. Juan Francisco Beckmann Vidal,. [76], In 2021 Forbes stated his net worth as $73.3 billion. Carlos Slim Hel (interests in the telecommunications, industrial . Rhode Island is home to 1,056,298 people, ranking eighth among the states. The Hamptons are a group of East End communities in Long Island, New York, located to the east of you. Though the bulk of his holdings remained in Mexico, he began targeting the United States for foreign investments. de C.V., the parent company of Jose Cuervo and other liquor brands, went public in a 2017 IPO that raised $900 million. You may opt-out by. She still serves on the board of ABInBev, and joined the board of directors of listed cosmetics firm Coty in December 2020. As of March 4, 2023, Bernard Arnault had a net worth valued at $189 billion, making him the wealthiest person As of March 3, 2023, Gina Rinehart was the wealthiest person in Australia, with an estimated net worth of 29.2 As of March 3, 2023, Georg Stumpf was thewealthiest man in Austria, with an estimated net worth of 7.9 billion As of March 3, 2023, Jorge Paulo Lemann was thewealthiest man in Brazil, with an estimated net worth of 15.9 As of March 3, 2023, David Thomson was thewealthiest man in Canada, with an estimated net worth of 54.9 billion Wealthiest People in Japan (February 20, 2023), Why Academic Freedom Should Be Encouraged in Universities, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, The Worlds Richest People (Top Billionaires, 2023), Wealthiest People in Australia (March 3, 2023), Wealthiest People in Austria (March 3, 2023), Wealthiest People in Brazil (March 3, 2023), Wealthiest People in Canada (March 3, 2023), Inclusion and Diversity at CEOWORLD magazine, German Larrea Mota Velasco & family: $27.0 billion, Ricardo Salinas Pliego & family: $11.0 billion, Alejandro Bailleres Gual & Siblings: $7.1 billion, Maria Asuncion Aramburuzabala & family: $6.3 billion, Juan Domingo Beckmann Legorreta & family: $4.4 billion, Antonio Del Valle Ruiz & family: $3.2 billion, Karen Virginia Beckmann Legoretta: $3.1 billion. 2023 March Monthly Horoscope of 12 Zodiac Signs - Best Astrological Prediction for Love, Money, Career and Health: Top Luckiest Zodiac Signs, Unluckiest Zodiac Signs, Lucky Number, Lucky Color. [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). The Polanco area, also known as the Beverly Hills of Mexico, is home to one of the countrys largest concentrations of luxury shopping. Juan Domingo Beckmann Legorreta ranked 6th with a personal wealth of $4.4 billion, followed by Rufino Vigil Gonzalez with $3.6 billion. 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. [75], In October 2020, his net worth was estimated at $53.7 billion. A typical household income in the United States is nearly $15,000 more than the countrys median income, which is $73,303. [18] He went on to study civil engineering at the National Autonomous University of Mexico, where he also concurrently taught algebra and linear programming. [19] As a prominent businessman and wealthy investor who remained a reputable pillar within the Lebanese Mexican community, Julian was known for his shrewd business acumen and his astute knack when making investments during bad economic cycles (which occurred frequently in Mexico). Slim's wealth is the equivalent of roughly 5% of Mexico's annual economic output. 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 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. Minnesota ranks 21st in the country in terms of population with 5,489,594 people. His three older sons serve in key positions in the companies controlled by Slim where most are involved in the day-to-day running of Slim's business empire. These areas offer beautiful beaches, luxurious hotels and resorts, and plenty of activities to keep visitors entertained. 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. Sao Paulo, Brazil, has the largest economy in the Southern Hemisphere and is the countrys largest city. 1. Here are Mexicos 12 billionaires; net worths are as of March 18, 2020. Richest People in America; Richest people in Australia; Mexico has got some of the wealthiest in the world and their net wealth worth is surely jaw-dropping, crossing over 75 billion USD! NEW MEXICO (KRQE) - Forbes 35th annual billionaire list says a New Mexico . The post below presents a list on the richest in the country. [44], In March 2012, Slim, along with American television host Larry King, established Ora TV, an on-demand digital television network that produces and distributes television shows including Larry King Now, Politicking with Larry King, Recessionista, and Jesse Ventura Uncensored. [69] It was also the first time the person at the top of the list was from an emerging economy. [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. "America Movil Fined $128 Million by Mexican Telecoms Operator. As many banks were struggling and foreign investors were cutting back on investing and scurrying, Slim began investing heavily and acquired many Mexican flagship businesses at depressed valuations. The offers that appear in this table are from partnerships from which Investopedia receives compensation. She is one of the famous businesswomen in Mexico. Amrica Mvil, Latin Americas largest telecommunications company, is owned by the Helu family. Who is the richest man in Sout Africa? This is a BETA experience. 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 . The mansion is 20,000 square feet and has 12 bedrooms, 14 bathrooms, and a doctor's office in the basement. [19] Telmex sponsored the Sauber F1 team for the 2011 season. Large businesses and wealthy individuals exist in Mexico, particularly in larger cities. Chico Pardo is president and chairman of the Mexico-listed company. [86] Two years after Slim's failed bid to take over the company, mainly due to political intervention and Slim's paucity of interest in purchasing the company, Slim's America Movil SAB began offering 2.25billion euros. Limited partners pay US$30,000 per subscription while hedge fund managers pay half the price and also sign up for a free version of the products the company offers. The only Mexican woman on the billionaire rankings, Aramburuzabala inherited a stake in beer giant Grupo Modelo from her father before its $20 billion sale to Anheuser-Busch InBev in 2013. He had a clear vision for the new company after seeing that the manufacturing sector lacked, Read More 10 Things You Didnt Know About Rahul GargContinue, If you are familiar with ancient Greek mythology, then you may recall a particularly vivid scene in Homers Odyssey. "Mexico's Richest Billionaires 2021. 1. In November 2013, Slim invested US$60 million in the Israeli startup Mobli, a company that deals with connections between people and communities corralled according to different interests. He served as CEO of several banks for more than three and a half decades. 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. 1. He is worth 3.7 billion dollars. Though his fortune has grown, hes fallen to 16th richest person in the world, from No. These states have large populations and a variety of industries that contribute to their overall wealth. One of among the 3 richest men in the world, Carlos Helu is . Slim spent US$13million to acquire the Mexican insurance agency Seguros de Mxico in 1984, and later subsumed the company into the firm, Seguros Inbursa. Last year the richest woman in Mexico, then worth $6.7 billion, was Eva Gonda de Rivera, the widow of former FEMSA chairman Eugenio Garza Lagera. Slim owns a second mansion in New York City at 10 West 56th Street, which he bought in 2011 for US$15.5million. In 2015, together with a business partner, Carlos Slim (the wealthiest man in Mexico), they did an IPO of their construction conglomerate, Elementia. 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. The Full List of South African Billionaires In 2023 - Who Are The Richest People In South Africa? He owns Grupo Salinas and Grupo Elektra. . Reach her at info@ceoworld.biz. 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. At the time, he owned 80% share of the landline and controlled 70% share of the mobile market. Furthermore, all of these countries have low levels of corruption, making them some of the most stable and prosperous places in Latin America to live. Check it out! She successfully pursued a Bachelors degree in Arts and Science, just like the second richest woman in Mexico, Maria Aramburuzabala. Most visitors arrive via its airport, so the beaches of Baja California are well known for their sand and sea. He also licensed the Saks name and opened the Mexican arm of Saks Fifth Avenue retailer in Santa Fe, Mexico. You can learn more about the standards we follow in producing accurate, unbiased content in our. Del Valle Ruiz and his six children own 42% of chemicals firm Orbia Advance Corp., which was formerly called Mexichem. Amrica Mvil once commanded an 80% share of the landline market and a 70% share of the mobile market in Mexico. Other wealthy places include the states of Nuevo Leon and Sonora. "The 10 richest families in 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. They are often used for racing, working in the fields, herding sheep or pulling carts. The median home value in California is $449,100, making it difficult for those with an average income to afford a home. Ricardo is popularly known as the billionaire who trumped Trump by moving a massive golfing tournament from Trumps real estate and into Mexico. Arango even bought into Walmart. In terms of price, it is one of the most expensive cities in Latin America. [3] He was the first Mexican to top the list. [66] According to The Wall Street Journal, Slim credits part of his ability to "discover investment opportunities" early to the writings of his friend, futurist author Alvin Toffler. The Mexican peso had strengthened to about 21 pesos per dollar, and stock prices of many companies founded and run by Mexican billionaires rebounded significantly.