4um: LOST $6 BILLION IN ONE DAY - Here’s How Much Mexico’s Richest Man Lost on Trump’s Win

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Title: LOST $6 BILLION IN ONE DAY - Here’s How Much Mexico’s Richest Man Lost on Trump’s Win
Source: [None]
URL Source: http://fortune.com/2016/11/10/mexico-trump-slim-peso/
Published: Nov 10, 2016
Author: FORTUNE
Post Date: 2016-11-10 21:47:00 by HAPPY2BME-4UM
Keywords: None
Views: 1436
Comments: 13

But Slim can now blame Trump’s election for shaving $5.8 billion from his net worth on Wednesday based on data from the Bloomberg Billionaire Index—and he may have more to lose if Trump makes good on his campaign promises.

After Trump won the electoral votes Tuesday, Slim shed 10.5% of his wealth—more than any other billionaire on the index on Wednesday—as his major stock holdings fell in value and the Mexican peso plunged as much as 13%.

One of Slim’s major holdings, Mexico-based telecom company America Movil SAB de CV, shed 9.7% since election day while trading on the Nasdaq,

Another of Slim’s major holdings, industrial and telecom company, Grupo Carso, fell 5.5% Thursday compared to election day in trading in Mexico. That came as the Mexican stock exchange also took a dip, with its benchmark index, the IPC, falling 19.9% on Wednesday before recovering part of its losses.

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Begin Trace Mode for Comment # 8.

#1. To: All (#0)

BUILD THE WALL NOW!

USE PESOS AND ARRESTED ILLEGAL ALIEN GANG BANGERS TO DO IT!!!

HAPPY2BME-4UM posted on 2016-11-10 21:47:49 ET Reply Untrace Trace Private Reply

#2. To: HAPPY2BME-4UM (#1)

Build the wall now but employ Americans !

Charge Mexican remittances 50% or more.

We need a quality border wall built for the ages.