title: Mexico’s Richest Oligarch Loses Billions on News of Trump Victory
text:  21st Century Wire says Mexico s billionaire tycoon Carlos Slim saw a large chuck of his wealth evaporate   literally overnight, after news of a Donald Trump election victory hit the currency and stock markets on Wednesday morning. According to Bloomberg financial analysts, Slim, Mexico s wealthiest person and rated fifth on the global rich list, took a stinging $5.1 billion haircut after the Mexican Peso went into a 12% free fall after Trump s stunning upset over Democratic Hillary Clinton.Slim s loss amounted to a staggering 9.2 percent of his total fortune.In the week before, polls showed Hillary Clinton as the odds on favorite, netting the billionaires a staggering $57 billion in total wealth increase across world markets. However, according to the Bloomberg Billionaires Index, oligarchs lost a total of $41 billion during Wednesday s epic slide   with Slim being the biggest loser.READ MORE ELECTION NEWS AT: 21st Century Wire 2016 FilesSUPPORT 21WIRE   SUBSCRIBE & BECOME A MEMBER @21WIRE.TV