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In today's world, a single social media post can cost billions. And that is exactly what happened with tech tycoon Elon Musk. Mexican billionaire Carlos Slim reportedly cut all financial ties with Musk after he shared a post on X that implies he is involved with drug cartels.
Slim pulled the plug on all collaborations with Musk's satellite company/project Starlink in Latin America. This decision from the Mexican business tycoon cost Elon $7 billion. As per reports, Slim has officially cut off all business ties with Starlink and chose to make investments and focus on his own telecommunications infrastructure instead of depending on Starlink's satellite technology.
One would agree that Elon Musk has no filter, especially when it comes to sharing posts on X (formerly Twitter), which is currently owned by him. However, this was unexpected as no one thought Musk would be this blunt towards someone with whom he does business.
Carlos Slim is surely a billionaire and an established businessman, but he is not as famous as Elon Musk. Since the financial tussle between the two billionaires broke out, the netizens developed an interest towards Slim and are curious to find out his net worth.
The Mexican business tycoon Carlos Slim Helu's current net worth is $82.2 billion, making him the richest and most influential person in Mexico. He is the owner of the global conglomerate Grupo Carso, which controls his other companies, including América Móvil, one of the biggest telecommunications companies in Latin America; Telmex, which is another leading telecommunications company; and Grupo Financiero Inbursa, a company that provides financial services.
Let's find out more about the Mexican business tycoon Carlos Slim
Carlos Slim was born on January 28, 1940, in Mexico City. He started to learn about doing business from a young age and took business lessons from his father, Julián Slim Haddad. Carlos studied civil engineering at the National Autonomous University of Mexico and also pursued an Economics course in Chile. The path to becoming a billionaire wasn't easy for Carlos. He started from the bottom as a stock trader and eventually became popular in the Mexican business world.
Currently, the hot topic of discussion in the American business world is Carlos severing all his business ties with tech billionaire Musk. Right after he ended his collaboration with Starlink, he announced a $22 billion investment in the next three years, making major enhancements in the Latin American telecommunications industry. He also announced plans to shift his earlier Starlink projects to Chinese and European firms.
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