True Pundit

Business Politics World

New York Times Owner Carlos Slim Is $16 Billion Poorer Since Trump Announced Presidential Run

FOLLOW US!
Follow on FacebookFollow on Twitter

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 the Bloomberg 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. – READ MORE

FOLLOW US!
Follow on FacebookFollow on Twitter

  • Constitutionalist56

    And Slim is about to lose even more when President Trump cuts off the “Obamaphone” service.

  • jubadoobai

    Carlos Salim, $51B and doing what to create opportunity in Mexico?

  • terri turner

    Carlos Slim is kinda fat.