World’s richest lose $41 billion with Trump win

Posted by | November 9, 2016 12:24 | Filed under: Economy News Behaving Badly Politics

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The Trump victory has not been good for the markets.

Mexico’s wealthiest person lost $5.1 billion in the wake of Donald Trump’s stunning upset over Democratic rival Hillary Clinton. Carlos Slim, who is fifth-richest in the world, shed 9.2 percent of his fortune after the peso dove as much as 12 percent on the news.

Slim led declines of $41 billion on the Bloomberg Billionaires Index at the start of U.S. trading Wednesday. The Standard & Poor’s 500 Index was down 1.1 percent at 10 a.m. in New York. Stock markets across the globe wavered on news that the New York real estate mogul would become the 45th U.S. president.

The index decline almost reversed the $57 billion increase the world’s richest saw earlier in the week when markets rose on expectations that Clinton would prevail.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

4 responses to World’s richest lose $41 billion with Trump win

  1. Maxx44 November 9th, 2016 at 15:03

    You ain’t seen nuthin yet.

  2. crc3 November 9th, 2016 at 15:30

    Boo hoo…the billionaires hardly blink an eye when this happens because they have more coming in on a daily basis. Feel sorry for them? Not in the least!

  3. Budda November 9th, 2016 at 15:41

    Even though Slim lost about 10% of his wealth he still has $45 billion left to play with. He’ll survive.

    • CHOCOL8MILK November 9th, 2016 at 15:47

      He just won’t be going on a splurge this year, he’ll buy that other Island next year instead. Poor guy.

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