All his siblings were taught basic business practices by their father, and at the age of 12 he bought shares in a Mexican bank. He went on to study engineering at the National Autonomous University of Mexico, while simultaneously teaching algebra and linear programming there. In 1965 he incorporated started his own company by 1966 his company was worth US$40 million. Three months later he married Soumaya Domit Gemayel and they remained married until her death in 1999. Construction, real estate and mining businesses were the focus of his early career. In 1982 the Mexican economy, which had a substantial reliance on oil exports, contracted rapidly as the price of oil fell and interest rates rose worldwide. Banks and other businesses were nationalized, crippled or collapsed and the peso was devalued. At this time, and during the period of recovery to 1985,he invested heavily. He bought outright, or a large percentage of, numerous Mexican businesses. He also acquired a 50% of that of Hershey's. Who ?
A-Carlos Slim
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