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January - Incorporates his real estate company, Inmobiliaria Carso. With the country suffering its worst recession since the Great Depression, Slim went on a buying spree and invested in Mexican companies at record-low prices.

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Inwhen Carlos was only 13 years old, his father died. Carso Global Telecom is created as Telmex's holding company. Upon graduating from college with a degree in civil engineering, the business tycoon started to buy stock in companies and build his fortune.

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Also establishes real estate, construction and mining companies. A lack of an even playing field means that new entrants have a tougher time mounting a challenge to an incumbent player. Part of this was a natural undertaking as part of the expanding conglomerate, such as the 20 shopping centers throughout Mexico, 10 of those in Mexico City.

Also, in Slim Helu established the Instituto Carlos Slim de la Educacion, a non-profit organization that supports education-related causes. Opened his first checking account and bought shares in Banco Nacional de Mexico when he was 12 years old.

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Opened his first checking account and bought shares in Banco Nacional de Mexico when he was 12 years old. In fact, Slim still keeps some of his childhood savings books on a shelf in his office, according to Fortune. But it wasn't until Mexico's economy plunged in that he amassed most of his wealth. In , Mexican President Enrique Pena Nieto signed a law aimed at increasing competition in the telecommunications arena. He went into finance shortly afterward, working long, grueling days as a stock trader in Mexico City. Finally, Slim's late wife was an avid art collector, and he built the Museo Soumaya in her honor. The foundation is reported to have collaborated with WWF in several other causes related to protecting the country's biodiversity and contributing to its sustainable development. July - While attending a business conference, Slim proposes the idea of an hour per day, hour work week. Slim has often said that his strategy is to reinvest the profits into the business itself and fuel growth. Slim also acquires mobile telecom company Radiomovil Dipsa, a subsidiary of Telmex, and renames it Telcel. Eventually, the practice stopped, after much negotiation between the government, Slim and the upstarts. He says the three-day work week would improve quality of life. The aim was to sell the division, since once the division was no longer part of Telmex, the company likely wouldn't fall under certain antitrust rules anymore, giving Slim a freer hand. However, when the Mexican government attempted to increase competition in the phone business, it didn't account for the fact that new companies had to pay Telmex an interconnection fee.
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