Mexico’s billionaire tycoon Carlos Slim saw a large chuck of his wealth evaporate – literally overnight, after news of a Donald Trump election victory hit the currency and stock markets on Wednesday morning.
According to Bloomberg financial analysts, Slim, Mexico’s wealthiest person and rated fifth on the global rich list, took a stinging $5.1 billion haircut after the Mexican Peso went into a 12% free fall after Trump’s stunning upset over Democratic Hillary Clinton. Continue reading “Mexico’s Richest Oligarch Loses Billions on News of Trump Victory”