Tuesday, July 6, 2010

Carlos Slim's Monthly Salary

As many of you know, Carlos Slim has overtaken both Bill Gates and Warren Buffet as the world's richest man (according to Forbes annual list).  I came across an article recently in El Universal that I thought was interesting.  Slim has a biography coming out this month, written by Jose Martinez

His monthly "salary"?  $24,000 USD a month or the equivalent of $300,000 MXN/month at today's rates.  What was most interesting to me was to read the comments below the article from readers. 
Never have I seen people so divided over one person.  Many people complained that it was "outrageous" that he would take such a salary when millions of people in Mexico are barely making it.  Others applauded his business saavy and thought that he had earned it. 



Some of Carlos Slim's businesses:

Telmex (which includes Prodigy Internet)
Telcel
America Movil
Banco Inbursa
Sanborn's
Sears
Mixup
Saks Fifth Avenue (only one in Mexico)
Cigatam
Condumex
Percentage of stock in the New York Times (largest shareholder that is not a family member)
Carso Construction
....and many more!

Love him or hate him, you cannot deny his ability to run profitable businesses!
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5 comments:

  1. KenJuly 11, 2010 at 7:24 PM

    Carlos Slim is definitely old school. He's of the tried and true "guerrilla billionaire" strategy: buy lots of businesses and either keep them for the cash flow or fix 'em up and sell them. The goal is to make money off a lot of deals instead of a killing on just one.

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  2. KenJuly 11, 2010 at 7:27 PM

    Carlos Slim is definitely old school. He's of the tried and true "guerrilla billionaire" strategy: buy lots of businesses and either keep them for the cash flow or fix 'em up and sell them. The goal is to make money off a lot of deals instead of a killing on just one.

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  3. MexipreneurJuly 11, 2010 at 7:48 PM

    Ken - well said. He definitely reminds me of someone like Warren Buffett who buys businesses based on long term cash flow.

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  4. chitrank waygaonkarJanuary 4, 2012 at 6:53 AM

    he is a grt guy he know how to works in bussiness field...... he is my idol ..... he is a grt entrepreneur in this whole world .and my fav.

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  5. chitrank waygaonkarJanuary 4, 2012 at 6:59 AM

    i am student of b.com .He is a grt man in a hot attitude .... he is richest man in the world.. and he is my fav. entrepreneur in this world....no body can beat him in his dreams also..........i think he can deal anything in a minute because he knws each and everything in business field.....Business field is very happy beacuse he has guy lyf carlos slim (salim)....huge guy cany say anythng abt him my fav.....

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