Carlos Slim’s Fortune Shrinks by Nearly $20 Billion

Mexican magnate Carlos Slim Helú, owner of the telecommunications company América Móvil, among others, has reduced his fortune by $19.5 billion, dropping from 14th to 19th on the Forbes 2025 List published this Tuesday.

Slim’s wealth has dropped from $102 billion in 2024 to $82.5 billion this year, but despite this, he remains the richest Mexican and the wealthiest person in Latin America, according to the magazine, which includes 2,933 people in its ranking.

According to the magazine, this is the first year since 2020 that Slim’s fortune has declined. The 85-year-old magnate bought a stake in Telmex in 1990, which is now part of América Móvil, the largest mobile telecommunications company in Latin America, Forbes notes in the article accompanying its famous list.

The Mexican even held a 17% stake in The New York Times, the magazine notes.

Now, Slim also has stakes in Mexican construction, consumer goods, mining, and real estate companies. He and his family also own 76% of Grupo Carso, which controls a multitude of companies and is one of the most important conglomerates in Mexico and Latin America.

This year’s list is headed by Elon Musk, owner of the social network X, who regained the title of richest person on the planet three years later last year thanks to a fortune amounting to $342 billion.