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Slim, World’s Richest Man, Loses $8 Billion in Four Days
Carlos Slim, the world’s richest man, lost about $8 billion this week. The Mexican billionaire’s stock portfolio, measured in U.S. dollars, has dropped about 11 percent since July 29, before today, and is valued at about $63 billion, according to data compiled by Bloomberg. That compares with a 7.1 percent slide in the Standard & Poor’s 500 Index. Slim, 71, has taken a hit as Mexico’s benchmark IPC index dropped 7.4 percent and the peso slid 2.5 percent against the dollar on concerns that the flagging U.S. economy will hurt demand for assets in its southern neighbor. The removal of three of Slim’s ... (full story)
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