Donald Trump winning White House has certainly garnered mixed reactions from people all over the World. Guess, who is the worst hit by the victory of business tycoon?
Carlos Slim is Mexico's richest individual & World's fourth richest with a net worth of $50.1 billion (Rs 31,000 crore approx) according to Forbes. After the victory of Trump who promised to built a wall between Mexico & America, Carlos Slim's wealth has come down to $45.4 billion upon losing $4.7 billion. Shares of his Telecommunications Company, in which he holds 62% stake, had fallen by 9% in USA and 4% in Mexico.
The Mexican currency declined by 12 percent. Actually, Peso fell by 13% (21 pesos per US dollar) by Tuesday midnight when Trump's chances of winning were 80%. On Wednesday, Peso recovered slightly to reach 12 percent decline (19.8 pesos per US dollar).
While Mexican Top 10 richest individuals collectively lost $6.5 billion, All the richest people in the World have collectively lost $41 billion due to the impact Trump's win had on the Global markets.
Carlos Slim is Mexico's richest individual & World's fourth richest with a net worth of $50.1 billion (Rs 31,000 crore approx) according to Forbes. After the victory of Trump who promised to built a wall between Mexico & America, Carlos Slim's wealth has come down to $45.4 billion upon losing $4.7 billion. Shares of his Telecommunications Company, in which he holds 62% stake, had fallen by 9% in USA and 4% in Mexico.
The Mexican currency declined by 12 percent. Actually, Peso fell by 13% (21 pesos per US dollar) by Tuesday midnight when Trump's chances of winning were 80%. On Wednesday, Peso recovered slightly to reach 12 percent decline (19.8 pesos per US dollar).
While Mexican Top 10 richest individuals collectively lost $6.5 billion, All the richest people in the World have collectively lost $41 billion due to the impact Trump's win had on the Global markets.