Carlos Slim vs Donald Trump

Carlos Slim’s profile picture
Donald Trump’s profile picture
Entrepreneur
President-elect, United States
$54.5 Billion
Net worth 2018
$3.08 Billion
Telecommunication
Industry
Real Estate
Mexico City
Residence
Jamaica Hospital Medical Center, New York City, New York, United States
Mexican
Country
United States
28/01/1940
BirthDay
14/06/1946
1.73 m
Height
1.88 m
Children
5
1961 - National Autonomous University of Mexico
Education
Bachelor of Arts / Science, University of Pennsylvania; Fordham University
NET WORTH STATISTIC
TIMELINE
2015

As of January 15, 2015, he became the largest individual shareholder in ‘The New York Times Company’, with a holding of 16

2014

On April 23, 2014, Slim gained control of his first successful European acquisition, ‘Telekom Austria’

2007

Frequently compared to billionaire Warren Buffett, Slim surpassed Buffett as the world's richest man, in March of 2007

2000

During the 2000s, he continued to build his empire in the US and Latin America, buying and selling companies and increasing his stakes in his long standing mobile phone and tobacco interests

1990

In 1990, his conglomerate ‘Grupo Carso’ became a public company worldwide

1989

The ‘Fundación Carlos Slim Helú’ was established in 1989, and its generous contributions to museums, healthcare programs, wildlife conservation efforts and many other projects led 'Forbes' to rank him fifth, in their list of the world's biggest givers

1982

In 1982, the falling prices of oil caused the mostly oil-based economy of Mexico to suffer and collapse, as banks became nationalized and the value of the Mexican currency Peso plummeted

1980

By 1980, he had unified his various interests into the parent company ‘Grupo Galas’, which brought all of his holdings together

1970

During the 1970s he continued growing his empire by establishing and purchasing companies in various industries

1967

Slim married Soumaya Domit in 1967 and the couple had six children together

1966

By 1966, he was already worth an estimated US$40 million and growing

1965

By 1965, his capital had grown big enough, that he was incorporating other companies or buying them outright

1953

Although his father died in 1953, Slim continued to work in his business until he was 17

1940

Carlos Slim Helú was born on January 28, 1940, in Mexico City, Mexico, to parents of Lebanese descent

1971

In 1971, he moved to Studio apartment in Manhattan, New York and became involved with larger building projects. In the following year, he finalized first multi-million dollar real estate transaction with the sale of Swifton village in Cincinnati, Ohio.

1985

In 1985, he bought Mar-a-lago estate in Palm beach, Florida and renovated the Barbizon hotel and 100 Central Park South.

1988

In 1988, he bought the Plaza Hotel in New York City.

1989

In 1989, he bought a fleet of Boeing 727 airplanes to form Trump air shuttle service. Unfortunately a helicopter crash killed three Trump casino executives which lead to big issue.

1989

By 1989, poor business decisions left him unable to meet loan payments but he somehow financed the construction of his third casino, the $1 million Taj Mahal, with high-interest junk bonds. The increasing debt soon brought him to business bankruptcy.

1990

In 1990, he regained his previous stable financial position and fame and opened the Trump Taj Mahal casino in Atlantic City. Soon he gained approval for Riverside south development of West Side rail yards.

1996

In 1996, he got the ownership of Miss Universe Organization which produces the Miss Universe, Miss USA, and Miss Tean USA pageants.

2003

In 2003, he became joint partner with the National Broadcasting Company (NBC) where he became the executive producer and host of the NBC reality show, ‘The Apprentice’ which became a huge success. Following its success, he co-produced a show, ‘The Celebrity Apprentice’ along with British TV producer Mark Burnett.

2004

On October 21, 2004, Trump Hotels and Casino & Resorts declared a restructuring of its debt which led to a reduction in his individual ownership from 56 percent to 27 percent. The company applied for Chapter 11 Protection in November and soon the company re-emerged from bankruptcy as ‘Trump Entertainment Resorts Holdings’.