Reported 20 days ago
Billionaire Ricardo Salinas Pliego faced a dramatic loss as Grupo Elektra's stock plummeted 71%, erasing $5.5 billion of his fortune in a single day. The stock, which had been suspended from trading, resumed at a value nearly 50% lower than before due to a prolonged trading halt and ongoing fraud investigations. Despite the turmoil, Salinas took to social media, downplaying the impact of the loss while hinting at possible legal actions against regulators and the exchange.
Source: YAHOO