How Did Billionaire Carlos Slim Become the Richest Man in the World?
Life is like a snowball. The important thing is finding wet snow and a really long hill. — Warren Buffett
The answer is that Carlos Slim did it the tried and true old-school way: deal-making. Deal-making is defined here as the acquisition of numerous 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 massive profit. Most of these are assets will be businesses. Most are then kept long-term because they are “cash cows,” to reference the famous Boston Consulting Group portfolio matrix. Others maybe flipped after a shorter period of time.
Rather than relying on any single idea to make them wealthy, most self-made billionaires develop cookie-cutter systems for doing deals … lots of deals. The good news is that any business person can learn from them and develop their own variation of the billionaire strategy for accelerated growth. They may not attain billionaire status but they will most certainly fair better than they would have otherwise.
However, it requires the guts to take the first step. Surprisingly, most people don’t even have enough to take a serious look at the possibility of doing so.
Here’s your chance to find out how how Carlos Slim became not only a billionaire but the richest man in the world.
(Now you know why Warren Buffet’s biography is titled The Snowball. He used the same basic deal-maker strategy.)