--- title: Mexico's Richest Man Lost $5 Billion After Trump's Victory description: Members of the Bloomberg Billionaires Index lost a combined $41 billion when global markets dove on the news of a Donald Trump presidency. authors: - name: Martha C. White role: Writer url: https://money.com/author/martha-c-white/ education: BA, English, Princeton University at_money_since: 2015 articles: 350 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology published: '2016-11-09T17:13:33.000Z' modified: '2016-11-09T17:13:33.000Z' section: Economy and Politics tags: - 2016 presidential election - Donald Trump - market volatility - pubdesk - stock market word_count: 193 canonical: https://money.com/billionaires-lose-trump-win/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![carlos slim](https://img.money.com/2016/11/carlos-slim.jpeg?crop=0px%2C0px%2C3000px%2C1688px&quality=85) The richest people in the world lost a collective $41 billion when global markets spasmed after Donald Trump won the U.S. presidential election. Carlos Slim, Mexico's richest man and the fifth-wealthiest man in the world, lost $5.1 billion alone, according to [Bloomberg](https://www.bloomberg.com/news/articles/2016-11-09/mexico-s-slim-clobbered-as-richest-lose-41-billion-on-trump-win). The 10 Mexican billionaires on the Bloomberg Billionaires Index lost a collective $6.5 billion—and when the Mexican peso fell 12% to a record low after the results of the election, Slim lost more than 9% of his wealth. Granted, that's not as steep as the $212 billion the world's wealthiest people lost in the wake of the U.K.'s Brexit vote, but it erases nearly all of the $57 billion gain this population realized when stocks rose within the past week in expectation of a Clinton victory. U.S. billionaires on Bloomberg's list lost a combined $9.3 billion on the market's gyrations. "This is much bigger than Brexit," Convergex chief market strategist Nicholas Colas told [Reuters](http://www.reuters.com/article/us-global-markets-idUSKBN1340DE). "But it doesn't prevent people from thinking about the Brexit playbook." He added, though, that the Brexit-prompted slump was short-lived, and suggested that the markets would benefit from the stability of a definitive outcome in the election. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/billionaires-lose-trump-win/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Wealth", "item": "https://money.com/wealth/" }, { "@type": "ListItem", "position": 4, "name": "Mexico's Richest Man Lost $5 Billion After Trump's Victory" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/billionaires-lose-trump-win/#webpage", "url": "https://money.com/billionaires-lose-trump-win/", "name": "Mexico's Richest Man Lost $5 Billion After Trump's Victory", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-11-09T17:13:33.000Z", "mainEntity": { "@id": "https://money.com/billionaires-lose-trump-win/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/billionaires-lose-trump-win/#breadcrumb" }, "dateModified": "2016-11-09T17:13:33.000Z" }, { "@type": "Article", "headline": "Mexico's Richest Man Lost $5 Billion After Trump's Victory", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/11/carlos-slim.jpeg?crop=0px%2C0px%2C3000px%2C1688px&quality=85", "width": 1012, "height": 569, "caption": "carlos slim" } ], "author": [ { "@type": "Person", "name": "Martha C. 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