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Tycoon Carlos Slim Loses $8B in Week

But he still has $63B left for comfort
By John Johnson,  Newser Staff
Posted Aug 5, 2011 11:58 AM CDT
Tycoon Carlos Slim Loses $8B in Week
Mexico's businessman Carlos Slim speaks during a conference in Tijuana last year.   (AP Photo/Guillermo Arias)

(Newser) – From the everything's-relative department: The world's richest man has lost about $8 billion in this week's market mess, reports Bloomberg. The fortune of Mexico's Carlos Slim is now worth about $63 billion in US dollars, down 11% from the end of July. Mexico's stock market has been in the skids this week along with the rest of the world's. (Read more Carlos Slim stories.)

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