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He was born on January 28, , in Mexico City, Mexico. From a young age, he showed an interest in business and was taught finance, management, and accounting by his father. He learned the importance of record-keeping and analyzing financial statements, and at the age of 11, he invested in a government savings bond which taught him about compound interest.

Slim was married to Soumaya Domit from until her death in She was deeply involved in various philanthropic initiatives.

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Slim has six children, with his three eldest sons playing critical roles in the companies he controls, helping to manage the day-to-day operations of his business empire. In , he underwent heart surgery. During his high school years, he had a keen interest in history, cosmography, and mathematics. He had a strong and happy marriage with his wife and has no intention of remarrying.

In his office, Slim prefers to keep track of his financial data through hand-written notebooks rather than using a computer. Slim is a Maronite Catholic and is one of the prominent supporters of the Legion of Christ, a Roman Catholic religious institute. After completing his university education in , Slim embarked on his business journey as a stock trader in Mexico, often putting in hour workdays.