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Carlos Slim is Born to Julien slim haddad, In Mexico City. He is #5 out of 6 siblings.
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Carlos' dad encourraged him to learn about economics. When he was 12 he started buying Stocks at the bank of mekico.
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Carlos was 13 years old when his dad died. Although he was no longer there to encourage him to learn about economics, Carlos Slim continued to pursue economics.
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Carlos Slim finishes his studies at the Autonomous University of Mexico in 1961. Whaile studing he taught Algebra and Linear Programing, he was a professer and a student.
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In 1982 Mexico faced an economic cricis. The value of things dropped. Carlos Slim Bought lots of stock that was pratically worthless. Soon afterward the Economy recovered and Carlos Slim's fortune grew.
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Carlos Slim Buys the Telephon company:Telemex. He started a prepaid program instead fo sending a monthley bill. Image:blog.openviewpartners.com
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Carlos slim Buys Sears Roebuck on the same year he starts TELEMEX USA, operating in the US.
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As multiple telephone companies fail Carlos Slim Buys them up at cheap rates. After he buys them he Puts his Prepaid plan into action and all his busnisses succed.
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Carlos Slims Company America Movil explodes and becomes worth $150 billion. His personal wealth is estimated at $59 billion and he is dubbed worlds Richest man.
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Carlos Slim buys 6.4% of the New York Times stock. then Gives them a loan of $250 million. The New York Times becomes much stronger because of the loan and Carlos Slim is paid back with 14% intrest ahead of time. Image:abcnews.go.com
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