Mexico’s richest man is being mentioned as a presidential candidate
On June 15, 2015, the day before Donald Trump launched his presidential bid, Carlos Slim’s personal fortune stood at just under $67 billion.
Today, it’s about $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. His rank on the Bloomberg Billionaires Index has slipped to sixth after having once held the No. 1 spot. Some of the reasons behind his tumble, of course, have little to do with U.S. politics, but 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.
There’s another, entirely unexpected, element to the Slim saga, though. The very same forces that are shrinking his fortune are, oddly enough, also boosting his popularity at home — to the extent that he is now talked about wistfully as a candidate in next year’s presidential election. After Slim met with Trump in a December visit, Mexicans outraged by Trump’s vow to step up deportations and build a border wall at Mexico’s expense started to warm to the idea that the 77-year-old tycoon could be exactly what the country needs.
A poll by El Universal in January showed that Slim was considered the best-suited Mexican to face Trump, edging out populist Andres Manuel Lopez Obrador, the early frontrunner. His calls for the Mexican economy to look inward, as much as his vast fortune and defiance of Trump, have resonated with Mexicans. And while long reviled at home for his hard-ball business practices, Slim has become politically palatable as cell phone bills have fallen because of a price war and regulatory crackdown.
thanks to maria for the link..
the slim..these guys are appearing all over the place..australia even had one..remember clive palmer?
“Slim has become politically palatable as cell phone bills have fallen because of a price war and regulatory crackdown.”