This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Invest Like Billionaire Carlos Slim Helu

Stocks in this article: NYTPMAMX

BALTIMORE ( Stockpickr) -- Few business magnates have made the move from unknown to revered as well as Mexican billionaire Carlos Slim Helu has over the last few years. The world's richest man in 2010, Carlos Slim Helu (better known as just Carlos Slim) has gained the world's spotlight after rocketing to the top of Forbes' richest list in recent years.

Slim's standing as the world's richest man is a major milestone. With a fortune estimated to be around $53 billion, Slim is the first billionaire from an emerging economy to take the distinction as the world's richest. Slim's business domination in Mexico is impressive; with interests ranging from financial institutions to construction firms to grocery stores, this son of a Lebanese immigrant has a personal wealth that weighs in at 7% of his country's annual economic output.

Unlike many foreign business giants, many of Slim's biggest stakes -- including America Movil (AMX) and Telmex (TMX) -- are familiar names to American investors. Likewise, Slim is a major shareholder in a handful of American stocks. Here's a look at Carlos Slim's U.S. portfolio.

It's impossible to discuss Carlos Slim's holdings without delving deeper into America Movil and Telmex. The companies, which Slim purchased from the Mexican government in 1990 with a team of other investors (when America Movil was a division of Telmex), hold significant control of the markets in which they operate -- America Movil ranks as the largest mobile phone carrier in Latin America with more than 201 million wireless subscribers; Telmex provides internet service to 80% of connected Mexican households as well as more than 90% of the country's fixed-line phone business.

This year, a deal was announced that would merge the two firms once again, only this time, larger America Movil would be the parent company in the transaction.

The massive growth of these two companies throughout Latin America in the last two decades is the primary reason for Carlos Slim's massive fortune today. But his large stakes in American firms stand to make him even wealthier in the next decade.

Who Else Owns America Movil?

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs