Carlos Slim, the world’s richest man, lost about $8 billion this week due to Mexico's IPC index dropping 7.4 percent. The IPC index is the main benchmark stock index for the Mexican Stock Exchange and main indicator of the BMV's (Bolsa Mexicana de Valores) overall performance. On top of the low numbers, three of Slim’s companies have been removed from the IPC index, making matters worse. Slim, 71, has taken a big hit in only 4 days as the peso slid 2.5 percent against the dollar. The unfortunate data comes as a consequence of generalized concern that the lethargic U.S. economy will hurt demand for assets in Mexico.
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