He is notable because he is someone in his 20s who has nonetheless managed to become a billionaire. [5] As of February 2023, Bloomberg Billionaires Index ranked him as the 10th-richest person in the world with a net worth of $86 billion,[6] making him the richest person in Latin America.[6]. 2. Since 2012, most of the Mexican dollar billionaires have suffered a significant reduction in their net worth. 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. Dubai is a popular business hub due to its status as a wealthy state. He has been involved in the founding of a number of companies. 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. 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. It is pretty fair to assume that they deserve it. After graduating from university in 1961, Slim began his business career by starting off as a stock trader in Mexico, often working 14-hour days. Labor representatives boycotted attending the OIAG supervisory board meeting for 12 hours criticizing lack of explicit job guarantees. [46] Slim has also completed business deals for the television rights to games of the Leon soccer team. Some of their well-performing brands include El Porton, VIPs, Suburbia, Superama. Peter Lynch is one of the most successful and well-known investors of all time. He set up his son, Carlos Hank Rhon, with an excellent education, powerful connections, and a generous capital base. Most of the people living in Sonora are employed in the industry and tourism sector. He is CEO of toll road company Promotora y Operadora de Infraestructura, known as Pinfra, and owns about 29% of the stock. de C.V., the parent company of Jose Cuervo and other liquor brands, went public in a 2017 IPO that raised $900 million. Who Is Bernard Arnault and What Companies Does LVMH Own? Have you read? [51], On 23 April 2014, Slim took control of Telekom Austria, Austria's largest telecommunications company, which operates telcos in countries such as Bulgaria, Croatia and Belarus, under a 10-year agreement. The chemical industrial power is now under the able control of his children as Antonio enjoys his retirement blissfully. In 2020 alone, the peso has fallen more than 25%. His networth dropped from $16.5 billion in 2012 to $9.9 billion due to the decline of metal prices in a slowed down global economy. The North Island in the Seychelles is one of the worlds most luxurious and environmentally friendly private islands. 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. [15][9] Due to the vast size of his business empire, he often jokes that he cannot keep track of all the companies he manages. In the sky-high capital of Colombia, Bogota, there is a high median income as well as a relatively high cost of living. Reuters. The 10 richest people in Mexico are presented below. Today, amid the pandemic, it sits empty. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. . Though there were no billionaire newcomers from Mexico this year, the shifting market did give rise to a new richest woman in the country. Furthermore, it was to work in support of an initiative of Bill Clinton to aid the people of Latin America. [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. [33] In high school, Slim's favorite subjects were history, cosmography, and mathematics. Ricardo Salinas Pliego owns financing company Grupo Elektra and conglomerate Grupo Salinas, which boasts holdings in television, telecommunications, retail, and banking. A TikToker faced backlash over a video about Spanish architecture in 1. Richest people in Mexico by wealth 2022 | Statista His media and telecommunications business is doing great though. The television company was already the biggest in Mexico before Jean took it over, and hes had plenty of time to rack up his net worth over the years. The countrys billionaire ranks swelled by one since last year to 13 list members, while their combined net worth rose by nearly a third to $136.1 billion (up from $103 billion). He owns Grupo Salinas and Grupo Elektra. [98] With over 10 years of professional writing experience, his ultimate goal is to simply and effectively communicate useful information using the most technologically relevant methods. ", "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? He also steers insurance covers and pension funds. Mexico's Richest Billionaires 2021 - Forbes 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. The games are also broadcast on the Internet through UNO TV, offered by Telmex. They didnt stop there; they started acquiring other retailing franchises under the family company banner: CIFRA. Back then, she was worth $6.5 billion, but she is now worth $6.8 billion. Mexicos richest citizens have lost billions after an already-tumultuous year for Latin America's second-largest economy turned worse. Peoles is now the second biggest mining venture in Mexico. Unemployment rates in Virginia are estimated to be at 4% while poverty rates are estimated to be at 11.1%. 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. Benjamin Graham was an influential investor who is regarded as the father of value investing. [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. ompounded 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. Upon formation of the company, Slim remained sanguine about the company's future potential and Mexico's burgeoning energy sector where the state monopoly ceased to exist. Other wealthy places include the states of Nuevo Leon and Sonora. The Polanco area, also known as the Beverly Hills of Mexico, is home to one of the countrys largest concentrations of luxury shopping. [66][67], On 5 March 2008, Forbes ranked Slim as the world's second-richest person, behind Warren Buffett and ahead of Bill Gates. List of Mexican billionaires by net worth - Wikipedia His father, David Penaloza Sandoval, founded a predecessor company. The Mexican Congress. When a city has a high GDP, it is more prosperous. [53], On April 15, 2015, Slim formed oil company Carso Oil & Gas. India is home to many top billionaires in the world. Juan Domingo Beckmann Legorreta ranked 6th with a personal wealth of $3.8 billion, followed by Rufino Vigil Gonzalez with $3.3 billion. Though he diversified his holdings after the sale, his fortune ticked down amid the broader market rout, falling from $1.8 billion last year. Including his own 18.9% stake, the Larrea family controls nearly 60% of Grupo Mxico's shares. He was an active businessman and worked in one of Mexico's top intelligence agencies. [93], Slim has been publicly skeptical of The Giving Pledge by Bill Gates and Warren Buffett giving away at least half of their fortunes. [16] At the age of 12, he made his first stock purchase, by buying shares of a Mexican bank. [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). The 5 Wealthiest People in Mexico - Investopedia In terms of price, it is one of the most expensive cities in Latin America. During the same year, Slim sold off his entire stake of Porcelanite for US$800 million, a Mexican tile-maker that he acquired back in 1990. Carlos Slim Helu 2. Looking for online courses during the pandemic? A mere 26.2 percent of Wyoming adults have a bachelors degree. Dubai is also the worlds busiest international airport, with over 22 million passengers per year. It is nearly double the cost of living in the rest of the country, which is US$18,400. The top 10 richest Mexicans in the world from the top There are a lot of celebrities and wealthy individuals living in this area. CEOWORLD magazine - Top Stories - Stats Gate - Wealthiest People in Mexico (February 20, 2023). California, New York, and Texas are typically considered to be the richest states in the nation due to the size and scope of their economies. The post below presents a list on the richest in the country. Where do most celebrities go on vacation? [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). 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. Sao Paulo, Brazil, has the largest economy in the Southern Hemisphere and is the countrys largest city. Those are the richest men in Mexico that should be known for the money, not the others. Maria Asuncion is the first woman in the list of the wealthiest people in Mexico with the net worth of $5.6 Billion. This is a BETA experience. [52], In January 2015, Grupo Carso publicly launched Claro Musica, an online music service that is a Latin American equivalent of iTunes and Spotify. Cuenca is a stunning city in Ecuador that is well-known for its Spanish-style architecture from the late sixteenth century. Where do people go on holiday? 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 . 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. Mexico is home to thirteen of the world's 2,755 billionaires, as measured in U.S. dollars. Germany is home to the richest billionaires in Europe and also in the world. Sanborn's, the Mexican retail department store chain owned by Slim controls a majority stake in Mixup, Mexico's most successful retail music store that comprises a chain 117-store Mexican retailers Mixup also generated more than US$320million in revenue in 2014. And the wealthiest person in New Mexico is - KRQE [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. The Mexican steel barons fortune is up $500 million from a year ago after a rebound in the share price of two steel listed companies in which he owns shares: Industrias CH and Grupo Simec. In fact, some might say that Mexico is home to some of the wealthiest places in the world. [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. The Full List of Indian Billionaires In 2023 - Who Are Top 10 Richest People In India? In March 2012, Amrica Mvil acquired the broadcast rights for the Olympic Games in Sochi 2014 and the Brazil 2016 for Latin America. Last year marked the opening of Harp Hel's eponymous baseball stadium, the nation's second-largest at 20,000 seats, in Mexico City. The purchasing power parity-adjusted GDP per capita is estimated to be around $35,500. The median home value in California is $449,100, making it difficult for those with an average income to afford a home. A report that was released by the new company listed its assets at 3.5billion pesos (approximately US$230million), placed within 17.7million shares. Check it out! All of Mexico's billionaires reside in Mexico's capital, Mexico City. The 10 Richest People in Mexico in 2022 - moneyinc.com 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. [20], In August 1926, Julin Slim married Linda Hel Atta. These areas offer beautiful beaches, luxurious hotels and resorts, and plenty of activities to keep visitors entertained. Carlos Slim Helu lives in Distrito Federal. Knowinsiders.com's astrologer ranks the Top 5 most attractive female zodiac signs in the workplace. 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! [1][80] In May 2015, he listed the property for sale at $80 million, nearly twice what he had paid. Dubai has become one of the worlds wealthiest cities, owing in part to its status as a free market state. Stock prices had tumbled as well. He is richer than all the other Mexicans by a long shot. [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. Slim has once again surpassed Warren Buffett as the worlds wealthiest person. [citation needed], On July 25, 2015, Slim's investment group Control Empresarial de Capitales invested in IMatchative, a technology startup that ranks the world's hedge funds creating in-depth behavioral profiles and business analytics. Carlos Slim Hel (Spanish pronunciation: [kalos ezlin elu]; born 28 January 1940) is a Mexican business magnate, investor, and philanthropist. today Mexico has 13 billionaires, in this video, we share with you the list of the top richest people in Mexico ?. The Slim Domit family is the richest family in Mexico, which is largely attributed to Carlos Slim Helu's fortune. The GDP of a city determines its wealth.