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Where Does Carlos Slim Keep His Money?

What do you do along with your cash whenever you’re one of many world’s wealthiest people?

Mexican entrepreneur Carlos Slim Helú is a self-made man, the son of Catholic Lebanese immigrants to Mexico. He’s the previous chair and CEO of telecom large América Móvil. His net worth is about $73.7 billion as of Oct. 2021. Slim confesses to preferring the easy life, and his way of life could appear much less extravagant than different billionaires. Nonetheless, Slim has been a savvy investor and businessman ensuring that his fortune continues to develop.

A person like Carlos Slim would not simply preserve billions of greenback payments stacked in a vault someplace. Right here is the place this billionaire stashes a few of his cash.

Key Takeaways

  • Carlos Slim has a net worth of as a lot as $70 billion.
  • Slim’s fortune consists of conventional investments, actual property, planes, vehicles, and collectibles.
  • Carlos Slim constructed a majority of his wealth in the course of the time he spent because the CEO of telecom large América Móvil,

Investments in Companies

Slim holds stakes in lots of Mexican firms via his conglomerate, Grupo Carso. (The identify ‘Carso’ stands for Carlos Slim and Soumaya Domit de Slim, his late spouse.) Carso has collected a worldwide portfolio of investments in firms dealing in communications, actual property, building, airways, media, know-how, retailing, eating places, industrial manufacturing, and finance. As of June 2021, Grupo Carso has a market capitalization of over $5.5 billion.

Slim additionally has investments in numerous South American corporations in Brazil, Peru, and Colombia, together with a controlling curiosity in Banco Inbursa.

Actual Property

Carlos Slim lives in a “modest” 6-bedroom dwelling within the Lomas de Chapultepec district of Mexico Metropolis, near the place he grew up, which has been his residence for over 40 years.

In Mexico, he owns over 20 purchasing facilities, together with ten in Mexico Metropolis, and operates shops within the nation underneath U.S. manufacturers together with Saks Fifth Avenue, Sears, and the Espresso Manufacturing facility.

In 2010, Slim bought the the Duke Semans mansion (often known as the Benjamin N. and Sarah Duke Home) on Fifth Avenue in New York Metropolis, one of many largest personal residences in all of Manhattan. Paying a reported $44 million for the property, it boasts over 19,000 sq. ft together with 14 bogs, 12 bedrooms protecting eight tales. The property is included within the Nationwide Register of Historic Locations. In 2015, Slim offered the mansion for $80 million, practically twice the quantity he paid simply 5 years prior.

Carlos Slim has been reported to have acquired 417 Fifth Avenue, an 11-story workplace tower for $140 million, and a chunk of the previous New York Occasions constructing on West 43rd avenue. He additionally has roughly eight acres of prime Beverly Hills actual property on the nook of Wilshire and Santa Monica Boulevards.

Carlos Slim’s actual property consists of houses, purchasing facilities, and property in New York Metropolis.

Planes and Vehicles

Carlos Slim’s everyday automotive is a customized Mercedes 4×4, which he likes to drive by himself even via heavy Mexico Metropolis visitors, and a beefed-up Chevy Suburban for extra rugged events. He additionally owns a uncommon Bentley Continental Flying Spur, a robust luxurious sedan.

Though he eschews personal jets, Slim does fly sometimes on business airplanes, and typically he rides within the Telmex helicopter.


Whereas it is definitely an achievement to personal one-of-a-kind actual property and uncommon vehicles, it’s one other to personal treasured, irreplaceable collectibles.

Named after Slim’s late spouse Soumaya Domit, the Museo Soumaya opened in 2011, and options over 60,000 artworks by famend artists like Rodin (he has over 380 Rodin works), Leonardo da Vinci, Picasso, and Renoir, in addition to by Mexican muralists Diego Rivera and David Alfaro Siqueiros.

Carlos Slim spent round $34 million to construct the museum, which was designed by architect Fernando Romero. That is additionally the place he retains his assortment of uncommon cash, historic paperwork, and spiritual relics. The paintings and artifacts inside are value nearly a billion {dollars}. Distributed between six foremost exhibition rooms, it is likely one of the largest museums of its sort in Latin America. The Soumaya Museum particular person items and collections. A lot of the museum’s holdings are from Slim’s personal assortment.

At dwelling, Slim sips out of uncommon hand-carved and blown wine glasses by Baccarat, which had been owned by Porfirio Díaz, president of Mexico from 1876 to 1911.

Transfers to His Kids

Just lately, Carlos Slim has been allocating chunks of his enterprise empire to his three sons and three daughters. Slightly than merely handing his kids money, he’s carving up and giving management of his companies to them to run. As a result of Slim is in his 80s, this type of property planning ensures that his firms and wealth will proceed to develop even after his demise.


Though Carlos Slim has extra money than practically everybody else on earth, he additionally offers away extra money than practically a person on earth.

Fundación Carlos Slim, Slim’s namesake charitable group, focuses on philanthropy all through Mexico and Latin America. Carlos Slim has contributed $100 million via Fundación Telmex and has contributed $100 million to former President Invoice Clinton’s effort to struggle poverty in Latin America.

Slim additionally donated the same quantity to The Latin America in Solidarity Motion Basis (ALAS), a non-profit shaped by businessmen, artists, and outstanding residents to enhance the well being and training of Latin American kids.

Slim has donated greater than $250 million to varied charitable organizations.

In 2007, Slim created The Institute of Well being Carlos Slim (ICSS) to enhance well being outcomes in Latin America. Maybe as a result of he’s a secret lepidopterist, Slim donated $50 million to the World Wildlife Fund for the restoration of six endangered animal species in Mexico, together with the monarch butterfly.

In 2000, Slim and ex-broadcaster Jacobo Zabludowsky organized the Fundación del Centro Histórico de la Ciudad de México A.C. (Mexico Metropolis Historic Downtown Basis). In response to his personal website, the objective of this basis is to revitalize and rescue Mexico Metropolis’s historic downtown space to allow extra folks to reside, work, and discover leisure there.

The Backside Line

For Carlos Slim Helú, savvy investing in a diversified portfolio of monetary belongings, actual property, and collectibles assist make sure that his wealth will proceed to develop. However past that, his philanthropic mission to donate a lot of his wealth to that assist higher his dwelling nation of Mexico and Latin America could also be his largest funding and positively a long-lasting legacy.

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