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Brazil's Biggest Fortunes Plunge $6.2 Billion in Temer Crisis
Reports of fresh political corruption crushed asset values in Brazil and cost the country’s 16 richest people $6.2 billion Thursday, according to the Bloomberg Billionaires Index. Stocks, bonds and the real fell sharply after O Globo newspaper reported on leaked testimony that President Michel Temer had approved hush money for Eduardo Cunha, the mastermind behind the impeachment of former president Dilma Rousseff.
Reports of fresh political corruption crushed asset values in Brazil and cost the country’s 16 richest people $6.2 billion Thursday, according to the Bloomberg Billionaires Index. Stocks, bonds and the real fell sharply after O Globo newspaper reported on leaked testimony that President Michel Temer had approved hush money for Eduardo Cunha, the mastermind behind the impeachment of former president Dilma Rousseff.
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- Jun 11, 2017