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Worldâ€™s Richest Lose $33 Billion as Facebook Debut Stalls

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 22 May 12 2:25 AM | 49 view(s)
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The worldâ€™s richest people lost a combined $32.8 billion this week as concerns over a possible Greek exit from the euro area pushed the Standard & Poorâ€™s 500 index to its biggest weekly loss since November 2011.

Mexican Carlos Slim, 72, lost the most during the week, as shares of his Mexico City-based telecommunications company America Movil SAB fell 4.38 percent. Slim, who lost $4.1 billion, remains the worldâ€™s richest person with a $65.5 billion fortune, according to the Bloomberg Billionaires Index.

http://www.bloomberg.com/news/2012-05-18/world-s-richest-lose-33-billion-as-facebook-debut-stalls.html

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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