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HomeBusiness NewsTycoon lashes out as he loses $9 billion in two days

Tycoon lashes out as he loses $9 billion in two days

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Shares of Grupo Elektra have plunged to the lowest since 2007, wiping $US5.8 billion ($9 billion) from the fortune of controlling shareholder Ricardo Salinas Pliego and pushing him out of the world’s top 500 wealthiest list.

The stock tumbled 16 per cent to 230 pesos in Mexico City, extending…



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