World's rich lose $56b after Trump win

Mexican billionaire Carlos Slim. Photo / AP.
Mexican billionaire Carlos Slim. Photo / AP.

The world's richest people lost US$41 billion ($56.8b) as a result of Donald Trump's win, Bloomberg reports.

Trump's shock victory in the United States Presidential Election this week caused jitters in markets around the globe, with no-one quite sure what some of his far-fetched campaign promises are going to mean for them.

The markets are being hit the hardest in Mexico, where apprehension looms over Trump's pledge to build a wall on the US-Mexico border and to send Mexican migrants packing.

According to the Bloomberg Billionaires Index, the 10 Mexican billionaires on the index dropped a combined US$6.5b, with the richest of them, Carlos Slim, losing $US5.1b.

US billionaires had the biggest dollar loss, falling US$9.3b as a result of Trump's victory.

The combined net worth of billionaires on the index fell 0.9 per cent to US $4.4 trillion at the start of trading in New York, Bloomberg reported.

- NZ Herald

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