Wednesday, March 01, 2017

Carlos Slim Is $16 Billion Poorer But a Whole Lot More Popular

On June 15, 2015, the day before Donald Trump launched his presidential bid, Carlos Slim’s personal fortune stood at just under $67 billion.

Today, it’s about $51 billion.

No one on earth has lost more during Trump’s rise — from a dollar and cents standpoint, at least — than the Mexican telecom magnate. His rank on theBloomberg Billionaires Index has slipped to sixth after having once held the No. 1 spot. Some of the reasons behind his tumble, of course, have little to do with U.S. politics, but much of it comes down to this: Trump’s tough talk on Mexico has sunk the peso, dragging down the dollar-based value of Slim’s domestic assets in the process .... https://www.bloomberg.com