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Carlos Slim, World’s 2nd Richest Man, Suddenly Loses Billions
The world’s second richest man, Carlos Slim Helú, is doing something he hasn’t done for a long time: losing lots of money. According to El Financiero, Slim’s holdings are down $7.2 billion so far this year.
While that amount represents one-tenth of Slim’s total worth at the beginning of this year ($77 billion), it’s enough to hurt. After all, when one’s wealth is already so vast that it could buy up pretty much anything on the planet, including small nations, reputation is what ultimately counts.
Until recently, Slim’s reputation as an investor was virtually flawless. His ability to turn just about anything, from banking, retail and airlines to mining, printing, construction, restaurants and telecoms – particularly telecoms – into fortunes was unrivalled. But now losses are piling up. And is his reputation is getting dented …. http://investmentwatchblog.com
Source: http://luismmx.blogspot.com/2015/08/carlos-slim-worlds-2nd-richest-man.html
