Telecom magnate Carlos Slim advised religious and community leaders on Sunday on how to expand Latino-owned communities all around the globe.

During the Catholic Association of Latino leaders, the Mexican billionaire advised the leaders that they should increase the earning capacity of workers and company's faster access to funding will help in the growth of Latin companies.

Like Us on Facebook

Slim stayed at the conference for an hour and gave the speech about strengthening the Latino-owned business.

He urged the leaders to create micro and macro business farms.

The billionaire said that a large part of the growth of the companies will be based on the education and proper healthcare of the people.

Carlos Slim is tied with Microsoft's Bill Gates in the title as the richest man in the world.

Meanwhile, Slim's foundation launched Asseco Latino on Tuesday which gives U.S. Latinos free access to

education, healthcare and job training tools, among others.

The tools will be generally helpful for everyone, but the content of the website is in Spanish and it was specially designed in helping the Latinos in the United States.

In a statement to the press, Slim said the website will provide Latino's with easy access to significant information that "will help millions of people improve their lives."

About 80 percent of Latino's are able to connect to the internet, but there are some who find it difficult to navigate between websites.

Slim's Asseco Latino aims to solve this dilemma by providing a one-stop shop for every learning materials which includes training videos and technical occupations such as welding, caregiver,  construction courses and many others.

Every training material comes in different levels according to the current knowledge level of the trainee.

The Carlos Slim Foundation was founded in 1986 allegedly to match Bill Gates' The Bill and Melinda Gates Foundation.

Tagscarlos slim, latino, US, south america