Mexican billionaires with figures on the rise despite COVID-19

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Christian Carlos

The Mexican news outlet Sin Embargo reported that six people of Mexican origin are on the eleventh list of the 500 wealthiest people in the world.

Carlos Slim Helú is the richest multimillionaire in Mexico, and is number one on the list of the richest people in the country and number 21 in the world; however, the Forbes list has placed him number one in the world in recent decades.

In addition, the publication mentions Sara Mota de Larrea, at number 112; Ricardo Salinas Pliego, at 165; Alberto Baillères González, at 289; Juan Beckmann Vidal at 350 and Germán Larrea being the Mexican number 438 on the world list. And it is that, it was concluded that the fortune of businessmen has grown by up to 60% during the effects of the COVID-19 pandemic.

Peninsula 360 Press issued a report in which he detailed the fortunes of people who saw their wealth increase by 277% as was the case of the CEO of Tesla Motors and Space X.

However, Mexico is one of the Latin American countries, belonging to North America, with high rates of poverty, economic inequality and academic dropout; to this is added the increase in the unemployment rate that came from the crisis caused by the COVID-19 pandemic which, according to Sin Embargo, resulted in a reduction of 5.81% TP3T in 2020 alone.

Companies like those of Carlos Slim Helú and Ricardo Salinas Pliego are due to agreements with the federal government and concessions made by the Mexican presidency headed by Andrés Manuel López Obrador. Teléfonos de México and Radiomóvil Dipsa are the largest telecommunications companies in Mexico, but also in the rest of Latin America under the América Móvil brand, which also offers entertainment content. Recently, it was announced that the construction company subscribed to Carlos Slim would be responsible for repairing line 12 of the Mexico City Metro after an elevated section of the tracks along with the wagon collapsed in the middle of the avenue with passengers inside, which left a balance of 27 people dead. 

Meanwhile, Salinas Pliego has in his hands the second most important Spanish-speaking television network in Mexico and the most important in Latin America. Recently, he joined the telecommunications business where he offered services under the name Totalplay for 4K television via fiber optics and was the first Mexican provider to offer 1 GB in connection speed. Salinas Pliego ordered that the commercial activities of his electronics and furniture stores in Mexico not be stopped after the severe lockdowns throughout the country in 2020 due to the COVID-19 pandemic and the operation of banks was considered essential, which, fortunately for Salinas Pliego, are installed in each branch.

As in the United States, it is proposed to create a law whereby the hands that concentrate the majority of the country's capital pay more taxes in order to ensure a more equitable distribution and promote the economic participation of other sectors of the population.

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