Business Finance Media Technology Policy Wealth Insights Interviews

Art Art Fairs Art Market Art Reviews Auctions Galleries Museums Interviews

Lifestyle Nightlife & Dining Style Travel Interviews

Power Lists Nightlife & Dining Art A.I. PR

About About Observer Advertise With Us Reprints

Carlos Slim Domit Backed Checo Pérez. Now Rafael Câmara Has a Haas Seat

The América Móvil chairman helped fund Checo Pérez's rise through Formula 1. Twenty-four years into his motorsport program, another driver has secured a seat on the grid.

On Oct. 28, Sergio “Checo” Pérez will take a Formula 1 car down Mexico City’s Paseo de la Reforma, giving fans an early taste of the Mexico City Grand Prix on Nov. 1. The demonstration will celebrate Pérez’s return to his home race with Cadillac and his approaching 300th Grand Prix appearance. It will also put a familiar collection of Mexican telecommunications brands back in front of thousands of racing fans.

Sign Up For Our Daily Newsletter

Thank you for signing up!

By clicking submit, you agree to our terms of service and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime.

Telcel, Infinitum and Claro, all part of América Móvil, signed on as partners of Cadillac’s debut F1 team in January. Behind the deal is Carlos Slim Domit, chairman of América Móvil and one of Pérez’s earliest and longest-running supporters.

But Slim Domit has more than Checo to celebrate. On Oct. 15, Haas announced that it had signed Brazilian driver Rafael Câmara to a multiyear deal for 2027. Câmara, who races in Formula 2 and is backed by Slim Domit’s Telmex/" title="Escudería Telmex" class="company-link">Escudería Telmex, will replace Esteban Ocon at the American team.

For nearly a quarter-century, Slim Domit has nurtured racing talent, helped bring Formula 1 back to Mexico City and found ways to put his family’s brands in front of motorsport fans. His investment has helped produce Mexico’s most successful modern F1 driver, and now another young racer is on his way to the grid. But how much is Checo worth to Slim Domit’s companies, and can the program produce another star with the same commercial appeal?

Carlos Slim Domit’s long road to Formula 1

If Slim Domit’s name sounds familiar, that’s because he’s the eldest son of billionaire Mexican businessman Carlos Slim Helú. He began his career at the tobacco company Cigatam before moving into telecommunications, eventually becoming one of the principal figures overseeing his family’s businesses.

Today, Slim Domit chairs the boards of América Móvil, Telmex, Grupo Carso and........

© Observer