Mexico’s billionaires are now richer than a year ago. Despite a weak currency and a sluggish economy, the combined net worth of Mexico’s billionaires climbed 17%, from $99.6 billion in 2016 to $116.7 billion, according to the 2017 Forbes Billionaires list released Monday. Their aggregate wealth, however, is still below the $148.6 billion of their 2013 peak year.
With a net worth of $54.5 billion, Mexican telecom mogul Carlos Slim Helú, Mexico’s richest person, is $4.5 billion richer than in 2016. Nevertheless, Slim moved down for the second consecutive year in the 2017 Forbes world’s billionaires rankings from number four to number six position, the first time he’s been out of the top five in a dozen years.