Mexican Billionaire Drops From Top-400 List as Peso Falls: Chart
Mexican Billionaire Drops From Top-400 List as Peso Falls: Chart
(Bloomberg) -- Mexican billionaire Ricardo Salinas has nosedived this year as a perfect storm depletes his fortune: a declining Mexican peso, a rout in his publicly-traded electronics retailer Grupo Elektra SAB, and now, the end of a rally in the shares of his TV Azteca SAB. He’s the biggest loser in Latin America this year in dollar terms among the world’s top billionaires. Once the world’s 65th-richest person in 2012, he has now dropped off the Bloomberg Billionaires Index of the world’s 400 wealthiest billionaires.
--With assistance from Devon Pendleton
To contact the reporters on this story:
Blake Schmidt in Sao Paulo at bschmidt16@bloomberg.net
Jack Witzig in Princeton at jwitzig@bloomberg.net
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Robert LaFranco at rlafranco@bloomberg.net