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.”
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.
— Betty Wills (@betwills) March 2, 2017
— Jack Champion (@GODis43v3R) March 3, 2017
@hrkbenowen That’s kind of what happens when you back the wrong horse.
— David Lonie (@DaveL495) March 3, 2017
— Matt Hayden (@matthewhayden) March 3, 2017