Carlos Slim: what was his father’s business and from which he learned finance

Carlos Slim He is one of the richest businessmen in the world. In fact, he is the richest Mexican businessman in the country, and even the richest person of all. Latin America. And it is that To lose weightwhich according to the latest list of the American magazine specializing in financial matters Forbeshas a fortune amounting to 81 thousand 200 million dollars, He is a person who knows how to do business, and thanks to this he managed to significantly increase his economic empire.

However, all the success Slim enjoyed throughout his business career, which began when he was young, has a strong antecedent. And it is that from a very young age he learned to manage his money correctly, thanks to his father, Julián Slim Haddad, of Lebanese origin.

Slim was born on January 28, 1940, when his father had already been living in Mexico for several years, having arrived from Lebanon. Slim Haddad arrived in Mexico in 1902, fleeing the yoke of the ottoman empire, which forced young people, at that time, to join their Armythis is why mothers regularly exiled their sons before the age of 15, the age sufficient to enter the army.

At only 14 years old and without knowing how to speak Spanish, in 1902 Julián Slim arrived in Mexico. It should be remembered that Lebanon, the country from which he originates, is located on the continent Asianand is limited to the south with Israel and to the north and east with Syria. To the west is the Mediterranean Sea. Its capital is Beirutwhere in August 2020 there was a strong explosion caused by a fire in a port warehouse, where almost 3,000 tonnes of ammonium nitrate, a chemical used to make explosives.

Thin Haddad landed in the port of Veracruzto later move to the city of Tampico, Tamaulipas, in the north of the country, where his older brothers José, Elías, Carlos and Pedro Slim, who had been in Mexico since 1898, were waiting for him.

That same year he was born Linda Helu, who would be the mother of Carlos Slim, in Parral, Chihuahua. Linda’s parents were also Lebanese immigrants who arrived in Mexico at the end of the 19th century, and who after traveling through different cities, They chose to settle in the capital, Mexico City. An interesting fact about the family of Lindais that his father, José Helú, brought the first Arabic printing press to Mexico and founded one of the first community magazines for the Lebanese colony in the country.

Later the brothers Slim changed his place of residence to Mexico City, and in 1904, Julien Thinwith his brother Josephwho was 13 years older than him, formed a trading company called The Star of the East, named after its place of origin.

To form the commercial company, they join the capital of 25 thousand 800 pesos, each contributing half. In 1914, in full Mexican Revolution, Julianwho was already 26, bought the remaining 50% for 30 thousand pesos.

The Eastern Star became an important haberdashery located in Calle de nasturtiumsnow called Venustiano Carranza, in the historic center of Mexico City. In 1921, 10 years after the company was founded, it was already worth more than $100 millionand by those dates Julián Slim had already acquired more than 11 properties in this area. The current value of the store would be approximately 7 million USD, and properties, 28 million USD, approximately.

In 1922, the father of Carlos Slim already had a capital of one million 12 thousand 258 pesosbetween goods, businesses and shares.

For 1926. Julian and Linda would marry in Mexico Cityand four years later their first daughter, named nour. Two years later, in 1932, their second daughter was born, Alma. Later they would be born Julián, then José, Carlos and finally Linda. Six children in all.

When Carlos Slim was 13, in 1953, Julian Slim Haddad passed away suddenly.