Category Archives: Rankings

Carlos Slim: A Profile of the World’s Richest Man

[SlideDeck id=’1350′ width=’100%’ height=’370px’] carlos-slim-2As an outsider, it would be tough to judge Carlos Slim at first glance. The 73-year-old Mexican man is far from the standard cut of what we expect from a billionaire tycoon. He’s humble in stature, lives in a modest (by billionaire standards) home in Mexico City, and is well known for his weekly family dinners, get-togethers, and his philanthropy. What he’s also known for, however, is being the world’s wealthiest, and most powerful businessman. His empire stretches from cell phones to soccer teams, copper mines to the New York Times – of which he is a part owner.  He’s a widower, an innovator, and a source of pride for both Mexico and Latin America as a whole.

How Slim Got His Start

Carlos Slim Helú was born in 1940 in Mexico City to Lebanese parents. From and early age, he was raised by his father with the skills of basic business and commerce. By the time he had graduated from college, he was already becoming a successful trader, and spent the next 20 years of his life growing his net worth through real estate and sound investments into some of Mexico’s top businesses.

During the 90’s, slim conglomerated his business interests into a group called Grupo Carso. Grupo Carso now runs the majority of his holdings in telecom, technology, retail, and finance. As of 2012, Carlos Slim’s corporate worth is valued at around USD $69 billion, and with Mexico’s economy on the rise, as well as an immense purchasing power, all signs point to this number going up even further in the next decade.

Capitalizing on His Corporate Cunningness

Slim’s most notable successes have been attributed to his dealings in the telecom industry, specifically with Telmex and America Movil. America Movil is now the largest mobile-phone carrier on the continent, and accounts for nearly USD $49 billion of Slim’s corporate holdings. But the Mexican billionaire’s portfolio stretches even further, with major investments into Latin American mining interests, and a large stake in The New York Times, the world’s most valuable and prestigious newspaper.

Most recently, Slim has found success in his café and retail chain, Sanborns. Grupo Sanborns, as the company is called, has just set the price for a stock issue it hopes will generate just under USD $1 billion at 28 pesos per share, expecting it to grow to USD $951 million globally based on early predictions. Sanborns is one of Central America’s largest locally owned chains, and has lofty goals for expanding further into the food services market for 2013 and beyond.

Although Slim is best known for his substantial success in the business world, he is also well known for his vast philanthropic contributions. He has a popular foundation named after him, which has made significant donations to sports, cultural, and quality of life projects in Mexico. One of his best-known projects is the Museo Soumaya in Mexico City, which contains the world’s second-largest collection of Rodin sculptures, as well as well as 66,000 other precious art pieces. The museum is free of charge to enter, and is considered a major cultural aspect of Mexico City and its surroundings.

Whether it’s building a telecommunications empire, founding a museum, or owning a soccer franchise, Carlos Slim Helú has seen nothing but success in his endeavors. His companies continue to grow at a rapid pace, and along with it, the local economies of both Mexico, and Latin America. When he’s all said and done, Slim will be remembered as one of the pioneers of the modern Latin American business model, and one of the big reasons for the regions current and future success.

For more info on Slim’s companies,  take a Test Drive of Latin Target and get access to uptodate information on contacts inside the largest companies in Latin America, such as Telmex, America Movil, and Sanborns.

Mexico Poised to Pass Brazil as LATAM's Most Powerful Economy

Mexico. We’ve all heard of the recent political unrest. We’ve all heard the dark tales of violence, corruption, and a seemingly never-ending drug war. But little has said by the outside world about the country’s successes, growth, and position in the new global economy. Meanwhile, beyond the bad news and political propaganda, Mexico has quietly placed itself at the top of the pack in the region; ready to become the region’s economic leader. With recent success in a variety of industries, a prime geographic location, and a strong, cheap workforce, Mexico is poised to become THE place to do business in Latin America, even giving Brazil a run for their money.

Why Mexico? Why now?

Mexico’s economic success is nothing new to anyone familiar with the North American republic.  Since the birth of NAFTA during the ’90’s, Mexico has been able to leverage free trade with the US and Canada to bolster its trade market, and in turn ramp up production across a number of industries. Automobile production, consumer services, beverage production/distribution, and telecom have been some of the main industries adding to the economic development, and all have great potential for future growth.

A company like America Movil, ranked #5 on the Latin Target  500 list, is not only growing in Mexico, but also as a MultiLatina expanding further afield is holding dominant market shares in many countries outside the region. This is also happening with companies like FEMSA, who controls a significant part of Coca Cola’s distribution and production, and Grupo Bimbo, who has quietly become the world’s biggest baker and distributor of baked goods. With this wave of sustained growth, many economists predict that within the next 10 years, Mexico may be able to pass Brazil as the region’s top economy.

 The World’s Most Energy Secure Nation 

According to an official report by the U.S. Chamber of Commerce, Mexico has long positioned itself as the world’s most energy secure nation. This statistic was measured amongst the 25 largest energy-consuming countries. Although we may just be realizing it now, this has actually been the case for the past 30 years. While this may not necessarily be great for direct investment due to state ownership of Pemex, the country’s larges energy company, it does a lot to help fuel (no pun intended) the local economy. Petroleum and other gas sales represent 40% of the Mexican government’s revenue, thus strengthening government capital, and making it easier for other companies to operate under a stable economic climate.

There are also many residual benefits to this energy dominance, as Pemex works with many companies to help make its operation run smoothly. In recent years, the company has awarded hundreds of millions of dollars worth of development rights to outside businesses, giving private companies long-term contracts. In the first quarter of last year (2012), Pemex reported revenues at USD $10.6 billion, up nearly 30% from the previous year.


The bottom line is that with steady trade and exports (USD $227 billion in 2012), a growing telecom sector, energy stability, and a burgeoning working class, Mexico’s future looks as bright as ever. Industries are growing, investment options are widening, and the world is finally starting to listen. Mexico is poised to become the biggest economy in Latin America, and they are ready for it, one step at a time.

For more insight and access into Mexico’s top companies, including America Movil, FEMSA, and Pemex, take a test drive of Latin Target and find out how Latin Target can enable your sales and marketing teams with contact info on decision makers in the region.

Crisis Economics: Why Spain Needs Latin America

Why Spain Needs Latin America in 2013

Gone are the days of a new currency, and prosperous Euro-laden excitement. Gone are the days of heavy spending, and domestic growth potential. For Spain, the harsh lessons of economic misappropriation and stifling debt are a tough pill to swallow, but an all-too-common one these days for the Western European nation. With national debt and unemployment staggering the Spanish market, the country’s top companies have had to look elsewhere to build their profits and maintain steady growth. That “elsewhere”, for the most part, has been in Latin America.

With emerging markets growing at a steady pace in many countries in the region, Spanish companies have had success in selling their products and services, as well as expanding and growing their businesses in Latin America. All the while in Spain, struggling to stay afloat. While this type of Spanish success in the Americas isn’t necessarily a new thing, it holds a new kind of relevance considering the economic situation back home. The two industries that we see to be making the most out of these emerging Latin American markets appear to be Telecom and Banking.

Which Spanish Companies are Succeeding?

Companies like Telefonica S.A., Grupo Santander, and BBVA have all made significant impacts to their businesses by expanding in Latin American markets. By taking advantage of a common language, and having sewn their business roots early on, these companies have solidified a stronghold in many local markets. For example, Telefonica’s Latin American mobile brand, Movistar, which operates in 14 countries in the region, continues to grow, even as its Spanish counterpart shrinks. Companies such as Grupo Santander and BBVA have likewise made an impression through expansion in the region, operating in 5 (Santander) and 6 (BBVA) countries respectively, with current plans for further expansion in the near future.

How This Affects the Spanish Economy

While the issue of the Spanish debt crisis is far too complex to break down here, it’s safe to say that Spain’s biggest companies, from top to bottom, are feeling the pressure. This is why maintaining, and even expanding a strong market in Latin America is tantamount to staying alive financially as a whole. Latin Americans have more purchasing power than ever before, and are also investing in an unprecedented way. That means big business for companies like Telefonica, Santander, and BBVA. While this doesn’t exactly trickle down to the average Spanish worker, it does keep these businesses’ heads above water for the time being. Though it may be bittersweet, that’s still good news for the Spanish economy overall.

To get the best, most concise information available on Latin American businesses, and inside contacts with the biggest companies, contact us today. We connect you with the top decision makers in a variety of industries, including all three companies listed in this article. Check out our site for more info, and take a test run to see exactly what Latin Target has to offer.

The EMAT 100 MultiLatinas

Here is our ranking of the Top 100 MultiLatinas in the region. The ranking is based  on annual revenues, plus some other factors e.g. employee head count if their financials are not released.

Want to find out what makes a winning multilatina? Get access to all the MultiLatinas with Latin Target. Contact us now

Latin Target # Company Country Industry Website
001 Petroleo Brasileiro SA Brazil Energy 
002 Vale S.A. Brazil Resources 
003 América Móvil, S.A.B. de C.V. México Telecoms 
004 JBS S.A. Brazil Consumer Goods
005 Odebrecht S.A. Brazil Industrials
006 Ultrapar Participações S.A. Brazil Energy
007 Gerdau S.A. Brazil Resources
008 Braskem SA Brazil Resources
009 CEMEX SAB de CV México Resources
010 Votorantim Participações S.A. Brazil Industrials
011 FEMSA México Consumer Goods
012 BRF Brasil Foods S.A. Brazil Consumer Goods
013 Marfrig Alimentos S.A. Brazil Consumer Goods
014 Grupo Bimbo, S.A.B. de C.V. México Consumer Goods
015 Telefonos de Mexico S.A.B. de C.V. México Telecoms
016 S.A.C.I. Falabella S.A. Chile Consumer Goods
017 Companhia Siderurgica Nacional Brazil Resources
018 Grupo Andrade Gutierrez Brazil Industrials
019 Grupo Mexico S.A. B. de C.V. México Resources
020 Empresa Nacional Del Petroleo Chile Energy