Losing year for Mexico’s billionaires, as fortunes plunged 30 percent

Carlos Slim, center, and mining tycoon German Larrea, left, saw their fortunes shrink in 2015. (Rebecca Blackwell/AP)
Carlos Slim, center, and mining tycoon German Larrea, left, saw their fortunes shrink in 2015. (Rebecca Blackwell/AP)

By Dolia Esteves / Forbes

The combined net worth of Mexico’s billionaires dropped $44.9 billion this year, from $142.9 in 2015 to $99.6 billion –around 30 percent, according to the 2016 Forbes Billionaires List released Tuesday.

It was  the worst year for Mexican billionaires since 2013, when their aggregate wealth was $148.6 billion. Mexico now also has two fewer billionaires than in 2015, and no newcomers.

Based on the 2016 Forbes billionaire data, with a net worth of $50 billion, Mexican telecom mogul Carlos Slim Helú dropped from No. 2 to No. 4 position in the world’s billionaires rankings. Slim’s fortune was $27.1 billion less than in 2015, making him the biggest dollar loser on the 2016 Forbes Billionaires List.

The drop in Mexico’s ten-figure fortunes was almost universal as eleven of this year’s fourteen billionaires saw their net worths fall, while only three increased by no more than $300 million.

http://www.forbes.com/sites/doliaestevez/2016/03/01/losing-year-for-mexicos-billionaires-as-fortunes-plunged-30/#6d360c26e210

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