Carlos Slim Loses $5 Billion After Trump Victory

The richest man in Mexico has lost quite a bit of his net worth since President-Elect Donald Trump’s presidential victory. Multi-billionaire Carlos Slim lost $4.7 billion from his fortune Wednesday as it went down to $49 billion from “$53.7 billion the day before,” the New York Daily News reported.

Experts say the reason Slim lost so much from his fortune is because the peso fell 12 percent and because of poorly performing stocks, Bloomberg News reported.

Bloomberg News reported that the richest people in the world lost $41 billion after Trump’s win.

Slim, 76, is the “fourth-richest person in the world, according to Forbes.” He falls behind Bill Gates, Amancio Ortega, and Warren Buffett.

“Mexico’s peso went up and down depending on Trump’s performance” in the polls, Forbes reported. The peso went up when scandals broke but went down as his poll numbers soared.

Analyst Juan Francisco Caudillo told Forbes the peso’s value could go down if Trump threatens to leave NAFTA, a free trade agreement between the U.S., Mexico, and Canada.

“The market is going to be trying to see if he’s going to insist on those comments or if he’s going to be taking a more conciliatory tone,” Caudillo told Forbes.

Hillary fanatic, Haim Saban, is another loser. Saban’s
shady offshore dealings surfaced in the Panama Papers

FoxNews.com ^ | 27-May-2016 | By Peter Byrne

One of Hillary Clinton’s key supporters – who has donated more than $15 million to her presidential campaign and the Clinton Foundation – used a controversial Panamanian law firm to set up offshore companies. Saban once admitted to a Senate panel that he used phony investment losses to dodge hundreds of millions of dollars in taxes....

Hillary fanatic Haim Saban has a non-profit..."The Saban Center". Saban subsidized a 34-page white paper titled, “Pathway to Coexistence: A New U.S. Policy toward Iran.”

NO CONCIDENCE The paper essentially forecasted Obama’s approach to dealing with Iran: (1) the largely hands-off approach to Iran’s bloody 2009 Green Revolution, and, (2) the present-day compromises on its nuclear program.

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The ties between the Clintons, Haim Saban, and Spanish TV television network---UNIVISION---run deep. Univision's newscasts gleefully bash Republicans and praise Hillary’s newly-minted position on immigration.

Network Owner Haim Saban’s unabashed support for Hillarys election effort segued into (surprise) a partnership between Univision and the Clinton Family Foundation.

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NY POST EXCERPT---Saban's Univision recently trotted out Bill Clinton to talk to advertisers----as private equity owners of the debt-laden company sweat. Univision’s owners are hoping to launch the IPO in just weeks.

Getting early commitments on ad spending from Madison Avenue would certainly make an IPO road show before potential investors that much easier....they hope to raise around $1 billion at a valuation of $20 billion, according to Reuters. (Univision has $9 billion in long-term debt.)

Mexican program provider Televisa also has an 8 percent stake.Goldman Sachs, Morgan Stanley and Deutsche Bank — the lead underwriters — are getting ready to gin up some sizzle for a not very sexy Univision business: called free-to-air.

THE BIG BURRITO---HILLARY/BILL CLINTON MEDIA CONNECTION---Latino-TV Univision owner, Haim Saban described his formula to influence American politics: make donations to political parties, establish think tanks, and control media outlets. (WIKI)

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WIKI--Saban became involved in politics in the mid-1990s when he felt that support for Israel was slipping in the United States.[5] Saban has been a generous and consistent donor to the United States Democratic Party according to his mandatory Federal Election Commission filings.

Mother Jones, in an analysis of the major donors to the campaigns of 1998 election cycle, ranked Saban 155th among individual donors.[23] Amy Paris noted that Saban's Clinton-era "generosity did not go unrewarded. During the Clinton administration, the entertainment executive served on the President's Export Council, advising the White House on trade issues."[23]

The New York Times reported that Haim and his wife "slept in the White House several times during President Clinton's two terms." Saban remains close friends with the former President. Clinton described Saban as a "very good friend and supporter."[5]

Saban contributed between $5 million to $10 million to the William J. Clinton Foundation.[24]

During the 2000 presidential election, Saban increased his rank to 5th among individual donors with a combined contribution of $1,250,500.[23] Matthew Yglesias wrote that "Saban was the largest overall contributor to the Democratic National Committee during the 2001–2002 cycle." [25] Saban's donations during that 2001–2002 period exceeded $10 million, the largest donation the DNC has received from a single source up to that time.

In September 2004, Hillary Clinton described Saban as a very good friend, supporter and adviser: "I am grateful for his commitment to Israel, to a just and lasting peace in the Middle East and to my foundation's work, particularly on reconciliation issues."[5] In May 2007, Haim publicly declared his support for Clinton in 2008 presidential election.[20]

In June 2007, Saban and Steven Spielberg co-hosted a Hillary Clinton fundraiser at the house of Peter Chernin, the President of News Corporation.[26] According to the Los Angeles Times,[26] the fundraiser brought in over $850,000.

Saban, a long-time supporter and donor of many pro-Jewish and Israel causes, has stated his main goal in multiple interviews: "I'm a one-issue guy, and my issue is Israel."[38]

Haim Saban touts himself as a worldwide pioneer and leader in the entertainment industry. He is the Chairman and CEO of Saban Capital Group, Inc.

THIS IS SABAN'S BUSINESS WEB SITE http://www.saban.com/html/team/saban.html

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