Carlos Slim Keeps It in the Family as Grandkids Join Boards

Mexican billionaire Carlos Slim has put two of his grandchildren on boards of his companies, a major step in the succession of one of the world’s largest family business empires.┬áDaniel and Rodrigo Hajj Slim, both in their early 20s, are sons of Slim’s second-eldest daughter Vanessa and Daniel Hajj, chief executive of the family’s most valuable asset, America Movil. The sons were made directors at smaller companies.┬áSlim has said publicly that his succession plan is done, having put his three sons in key positions of his telecoms-to- banking empire, worth some $50 billion, and transferring much of his wealth to his children.

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