How Did Carlos Slim Become the Richest Man in the World?

How Did Billionaire Carlos Slim Become the Richest Man in the World?

The answer is that Carlos Slim did it the tried and true old-school way: deal-making. Deal-making is defined as the acquisition of many assets over a prolonged period of time. The intention is to increase the value of the assets so that they can at some point be sold off at a profit. Some are kept long-term because they are "cash cows," to reference the famous Boston Consulting Group portfolio matrix.

Rather than relying on any single idea to make them wealthy, most self-made billionaires develop cookie-cutter systems for doing lots of deals. The great news is that any business person can learn from them and develop their own system for accelerated growth.

It just requires the guts to take the first step. Surprisingly, most people don't even have enough to do that.

Here's your chance to find out how Carlos Slim became not only a billionaire but the richest man in the world. Take the free 10-day mini-course on the systems and strategies self-made billionaires use by clicking the above link.

Comments

[Chris Pringle]

"Surprisingly, most people don't even have enough to do that."

Well, duh! Most people are lazy cowards.

[Ed]

Actually, he became a billionaire by monopolizing Mexico's entire telephone industry. It costs the average Mexican $1 to make one phone call. If you think that's high here, try it on the wages of your average Mexican worker. I don't admire that man at all.