Donald Trump's victory was bad news for more than just Hillary Clinton's supporters. Bloomberg reported that, at the opening bell Wednesday morning, the collective wealth of the world's billionaires was down $41 billion as the shock of Trump's win roiled the markets. Earlier in the week, when Clinton looked poised for a victory, the world's richest saw their wealth increase by a collective $57 billion.
Carlos Slim, Mexico's richest man and the fifth-richest person in the world, was hit particularly hard by the news of Trump's impending victory. As the peso plummeted "as much as 12 percent on the news" of Trump's win, Bloomberg reported that Slim lost $5.1 billion — about 9.2 percent of his wealth.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Air strikes in the Caribbean: Trump’s murky narco-warTalking Point Drug cartels ‘don’t follow Marquess of Queensberry Rules’, but US military air strikes on speedboats rely on strained interpretation of ‘invasion’
-
Crossword: September 14, 2025The Week's daily crossword puzzle
-
Sudoku medium: September 14, 2025The Week's daily medium sudoku puzzle
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
