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Global Stock Markets Plunged &Nbsp; The World'S Richest Man Lost 8 Billion Dollars In 4 Days.
According to Bloomberg News August 5th, global stock markets this week
Diving
Carlos Slim, the world's richest man and Mexico Telecom tycoon, lost about $8 billion in just 4 days and shrank by 11%.
Carlos Slim
The S & P 500 index since July 29th
Fall
7.2%, Carlos Slim's stock portfolio dropped by about 9.5%, and the total estimate is now $64 billion 400 million.
Over the same period, Mexico's benchmark IPC index and Mexico's peso fell sharply against the US dollar, causing the 71 year old asset of the world's richest to shrink.
Worse still, Carlos Slim's three companies were cleared out of the IPC index, making the world's richest man worse.
- Related reading
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2011/8/8 16:54:00
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