Acceso Latino: Mexico's Carlos Slim Urges Young US Immigrants Into the Workforce Patricia Laya - Bloomberg News
go to original August 17, 2014

An intro to Acceso Latino (Acceso Latino)

Carlos Slim, the Mexican billionaire who ranks as the world’s second-richest person, has introduced the Acceso Latino campaign to integrate about half a million young immigrants into the U.S. workforce.

About 1.1 million people in the U.S. are eligible for work authorization under a program known as Deferred Action for Childhood Arrivals, or DACA, for undocumented immigrants who arrived to the country as children. Only about half have been approved, Carlos Slim Foundation Chief Executive Officer Roberto Tapia-Conyer said by phone.

“This is a population of great potential, and our goal is to reduce the access barriers for them to reach this potential,” Tapia-Conyer said. “We want to incorporate them to the formal workforce, to build not just them but their families, so they’re able to contribute to the economy.”

Slim, the son of a Lebanese immigrant to Mexico, amassed his fortune by recognizing the depressed value of assets during the country’s financial crisis in the 1980s. He acquired control of former state monopoly Telefonos de Mexico in a 1990 privatization, helping propel him to the echelons of the world’s richest, trailing only Bill Gates with a fortune of $79.2 billion, according to the Bloomberg Billionaires Index.

While most of his wealth comes from his companies in Mexico, Slim has investments in the U.S., including the nation’s biggest prepaid phone provider, TracFone, and a minority stake in New York Times Co.

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