Unlike Some Of His Fellow Billionaires Carlos Slim Promises To Not Give His Fortune Away To Charity

Of course, Slim’s rationale for his abstinence from giveaway mania wasn’t an entirely selfish one. Instead, it seems that Slim just has a different way of seeing how massive stores of wealth can be used to serve communities. At a recent event in Mexico City, he spoke about his opinion on the best way to solve problems like world poverty in relation to charitable organizations: Slim didn’t discount the value and necessity of charity altogether, though he did decline to give a specific figure when asked how much he’s donated to charity over the course of his career. He is reported to have given significant amounts to charity, though, with endowments to his various charitable foundations numbering in the multi-billions. So it’s not the giving that he’s opposed to, it seems, but he’s instead advocating for better use of public resources in order to solve public problems. Also during his remarks at the same event, he spoke about how many governments of the world already have everything they need to significantly improve in arenas like poverty and education, arguing that the problem isn’t a lack of capital, but saying instead “it’s a problem of management and efficiency.” So this holiday season, maybe Carlos Slim shouldn’t be filed under “Scrooges” after all.