Friday, March 11, 2011

Dire Economic Straits for Chapo?

Forbes again placed Chapo Guzmán on its list of billionaires this year, with a cool $1 billion. That tidy sum is actually the same as in 2009 and 2010, which means that Chapo, for all his notoriety, has fallen upon hard times. With the Mexican economy growing at a 5.5 percent clip, and Americans bouncing back from the recession and snorting and smoking like it was Michael Irvin's house, shouldn't he able to increase his fortune? He hasn't even been able to keep pace with inflation; he's 9 percent poorer in real terms than he was when he first appeared on the list. Pathetic. The poorhouse surely awaits.

Alternatively, the evaluation could be bullshit.


malcolm said...

seriously, why do they continue to put him on the list? It has clearly offended people in Mexico. There is no reasoning or methodology to it. It's not responsible, and Forbes is a responsible magazine, normally. What a bunch of pendejos.

pc said...

I dont really know why they would. At first, you could say that any publicity is good publicity, but I can't imagine they get more than a few thousand extra hits on their website for it at this point. And without anything concrete behind it, as you mention, it just brings the whole thing under question.