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Former Billionaires Who Lost Their Money

1- Eike Batista

He was the biggest billionaire from our list and he managed to lose all in a year. Eike once was the richest person in Brazil.

Born in Brazil but moved to Germany, Eike began to study metallurgical engineering at the University of Aachen and from there, everything changed.

When he turned 57 everything went down. His oil firm company OGX filed for bankruptcy.

His other OSX was the company that builds ships and supplies other companies with platforms and ships. When the company was set up to supply several companies it fell into bankruptcy because of its heavy debts.

After he was forced to give up everything and as a result of his bad decisions, Batista’s net worth has fallen dramatically until it reached the bottom.

In 2014, his net worth was estimated to $0.

cover: cnbc

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