Eike Batista, Formerly World’s 8th Richest Man, Loses $33 Billion In Just 16 Months
Posted in: Today's ChiliYou think losing a $10 bill is bad? Trying losing $33 billion, and with it your ranking among the world’s richest men.
That’s what’s happened to Brazilian oil tycoon Eike Batista, who last year was quite literally on top of the world. Life was good, he was eighth richest man on the planet, and once he even vowed to overtake Mexico’s Carlos Slim as the planet’s richest man.
It didn’t last, and Batista has since watched his $34 billion net worth plummet some $33 billion over 16 months or so, according to Bloomberg. The big problem? His oil conglomerate, OGX Petroleo & Gas Participacoes SA, lost 90 percent of its value over the last year, leaving Batista with a relatively paltry $200 million when including debts he owes to investors.
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