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 Via ANCAPS: World's richest man loses $6.7 billion in stockmarket rout

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RR Phantom

RR Phantom

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Via ANCAPS: World's richest man loses $6.7 billion in stockmarket rout Vide
PostSubject: Via ANCAPS: World's richest man loses $6.7 billion in stockmarket rout   Via ANCAPS: World's richest man loses $6.7 billion in stockmarket rout Icon_minitimeSun Aug 07, 2011 3:44 am
Carlos Slim, the world’s richest man, lost around $US6.7 billion last week.

According to data compiled by Bloomberg, Slim’s stock portfolio has fallen 9.5 per cent since July 29 when measured in US dollars, and is now valued at $64.4 billion.

The Standard & Poor’s 500 has fallen 7.2 per cent during that time.

Slim, 71, has taken a hit as Mexico’s benchmark IPC index dropped 6.4 per cent and the peso slid 2.3 per cent against the dollar on concerns that the flagging US economy will hurt demand for assets in its southern neighbour.

The removal of three of Slim’s companies from the IPC index has made matters worse for the billionaire.

http://www.smh.com.au/executive-style/slim-pickings-worlds-richest-man-loses-67-billion-in-stockmarket-rout-20110807-1ih7n.html

Surely his suicide is imminent.
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