DADDY

Report: Carlos Slim Is Now $16 Billion Poorer Thanks To Trump

New York Times majority shareholder Carlos Slim is reportedly $16 billion poorer today than he was prior to Donald Trump’s presidential bid.

According to Bloomberg, Slim’s fortune was just under $67 billion on June 15, 2015 – one day before Trump launched his campaign. As of March 1, that fortune has fallen to roughly $51 billion.

“No one on earth has lost more during Trump’s rise – from a dollar and cents standpoint, at least – than the Mexican telecom magnate,” reads the Bloomberg piece.

“Much of it comes down to this: Trump’s tough talk on Mexico has sunk the peso, dragging down the dollar-based value of Slim’s domestic assets in the process.”

Ouch

On the flip side, however, Bloomberg reports that Trump’s tough talk on Mexico has given rise to Slim’s popularity as a potential presidential candidate.

“His candidacy may be a long shot,” reads the report, “he told Bloomberg TV in December that he’d ‘never’ run for office – but Mexicans are hopeful.”

Nonetheless, the next Mexican presidential election is not due until July 2018. For now, people are simply celebrating Carlos Slim’s slightly shallower pockets.

Sources:
Bloomberg
Reuters

3 Comments

3 Comments

  1. b.macintosh

    March 6, 2017 at 1:31 am

    I wonder how much he’s spent paying for rioters and protesters and the mentally ill to post anti trump garbage on the internet. One of the Twitter attack clubs is getting $5.00 a post. Seems kind of lavish.

  2. kamenetz

    March 6, 2017 at 12:30 pm

    #Never Vacation In Mexico AGAIN!

  3. waynus siez

    March 8, 2017 at 6:37 am

    I’ve personally boycotted Mexico for 10 yrs now, the place is a backwards poop hole and the open corruption is nauseating.

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