End times headlinesWorld's Richest Lose $41 Billion on Trump Win

World’s Richest Lose $41 Billion on Trump Win

-

- Advertisment -spot_img

Mexico’s wealthiest person lost $5.1 billion in the wake of Donald Trump’s stunning upset over Democratic rival Hillary Clinton. Carlos Slim, who is fifth-richest in the world, shed 9.2 percent of his fortune after the peso dove as much as 12 percent on the news.

Slim led declines of $41 billion on theBloomberg Billionaires Index at the start of U.S. trading Wednesday. The Standard & Poor’s 500 Index was down 1.1 percent at 10 a.m. in New York. Stock markets across the globe wavered on news that the New York real estate mogul would become the 45th U.S. president.

More from Bloomberg.com: Market Turmoil Eases as Investors Weigh Trump’s Plan for Economy

The index decline almost reversed the $57 billion increase the world’s richest saw earlier in the week when markets rose on expectations that Clinton would prevail.

The 10 Mexican billionaires on the index dropped a combined $6.5 billion in early trading.Eva Gonda Rivera, Mexico’s fourth-richest person, followed Slim with a $487 million loss whileLorenzo Servitje Sendra, the fifth richest, shed $397 million.

U.S. billionaires, who account for one-third of the Bloomberg wealth ranking, had the biggest dollar loss, falling $9.3 billion. The combined net worth of the billionaires on the index fell 0.9 percent to $4.4 trillion at the start of trading in New York.

Bible Study
Join us on Facebook or Follow us on Twitter by clicking on the icons to get more updates. Have a question? Join our Forums and lets discuss. Consider sharing this article. It's that simple to spread the gospel. God bless you.

LEAVE A REPLY

Latest news

In times like these, we need a savior

In times like these, we need a savior. We live in a world where speaking the truth will put...

Ellen White: The Final Movements WILL Be Rapid Ones

The United States Will Pass a Sunday Law Soon When our nation shall so abjure the principles of its...

No One Can Enter The Kingdom Of Heaven Except Through The Catholic Church — Says Vatican

“Daniel  7:25 And he shall speak great words against the most High, and shall wear out the saints of...

Chinese House Church Members Arrested for Listening to Foreign Pastor’s Audio Sermons

(Bitter Winter) — On June 19, over a dozen members of Fule Church, a place of worship that is...
- Advertisement -spot_imgspot_img

Brunei has made celebrating Christmas a criminal offence

Anyone found illegally celebrating Christmas in Brunei could face up to five years in prison, according to a reported...

Pope is right now working hand in hand with Islam to create one world religion

Bible prophecy fulfilling right before our eyes! Galatians 4:16 Am I therefore become your enemy, because I tell you...

Must read

In times like these, we need a savior

In times like these, we need a savior. We...

Ellen White: The Final Movements WILL Be Rapid Ones

The United States Will Pass a Sunday Law Soon...
- Advertisement -

You might also likeRELATED
Recommended to you