Formerly the worlds 8th Richest man, Eike Batista has lost 33 Billion of his assets, in a very short amount of time. Read more after jump
Eike Batista (no relation, i swear!) a Brazilian oil tycoon had it all just a year ago. Once worth 34 billion, his network has steadily decreased through out the past 16 months. He has lost 33 billion in his net worth, which is mostly due to the decline in value in his oil conglomerate. 90 percent of the companies value has gone down, leaving the “business man” with a mere 200,000 million and long line of debts. Although undergoing hardships, Batista seems to be putting his best foot forward and being positive. Releasing a statement that said:
“I will honor all of my obligations,” Batista wrote in a Valor Economico newspaper op-ed last week where he admitted regretting taking his companies public. “I won’t leave a single penny unpaid for each one of my debts.”
Now thats the spirit Batista, 200,000 million doesn’t seem so bad does it?
Via HuffPost
