Pursuits
World’s Richest Lose $9 Billion as Global Markets Decline
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The 20 wealthiest people on Earth lost a combined $9.1 billion this week as renewed concerns that Europe’s debt crisis might worsen drove the Standard & Poor’s 500 Index to its largest decline of 2012.
Mexican Carlos Slim’s fortune fell by $1.5 billion during the week as shares of his telecom operator, America Movil SAB, dropped 2.2 percent through April 4. Mexican markets were closed yesterday for the Holy Thursday holiday. The 72-year-old remains the richest person in the world, with a net worth of $69.2 billion, according to the Bloomberg Billionaires Index.