Carlos Slim, the richest man in Mexico and one of the wealthiest individuals in the world, is the owner of Sears in Mexico. The retail chain, which has 97 stores throughout the country, has been a part of Slim’s conglomerate, Grupo Carso, since 2016.
Despite facing financial struggles in the United States, Sears has experienced significant growth and success in Mexico. Attracting a diverse range of customers, the chain offers a wide variety of products, from clothing and perfumes to appliances, toys, video games, and cell phones.
The history of Sears in Mexico dates back to 1974 when the first store opened on Insurgentes Avenue in Mexico City. Since then, the brand has expanded and now stands as a prominent presence in shopping plazas across the country.
Sears is also part of Grupo Sanborns, a leading retail company in Mexico. Other well-known brands owned by the group include Sanborns, MixUp, Ishop, and Saks Fifth Avenue.
Carlos Slim’s immense wealth is not only tied to Sears, as he has a fortune valued at more than 80 billion dollars, according to Forbes. His average daily income is estimated to be around 20 million dollars, resulting in a monthly figure of approximately 600 million dollars.
Contrary to popular belief, Slim did not graduate from a prestigious private university but studied Civil Engineering at the National Autonomous University of Mexico (UNAM). He briefly taught algebra and linear programming classes at the institution.
During the period from 2010 to 2013, Carlos Slim was named the richest man in the world, surpassing international figures such as Bill Gates. His influence in the business world and his ownership of Sears in Mexico continue to solidify his status as one of the most prominent and wealthy individuals globally.