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Carlos Slim Is Biggest Loser in World's Top 400 Richest People

  • Mexican billionaire lost about $20 billion in wealth this year
  • America Movil shares headed for largest decline in 7 years
Bloomberg business news

Billionaires: Who Won and Who Lost in 2015?

Carlos Slim had a tough year, the worst among the wealthiest people of the world.

Since the start of 2015, the Mexican executive’s fortune has declined almost $20 billion, or about the size of Honduras’s economy, to $52.8 billion, according to the Bloomberg Billionaires Index. The shares of his America Movil SAB telecommunications giant are heading for their biggest decline since 2008. The company has suffered under regulatory pressures in Mexico, where it’s now forced to share the infrastructure that allowed it to dominate the mobile and fixed-line market for more than a decade.