Saturday, 6 July 2013

Eike Batista - Rich or poor (or corrupt).

From super-rich to just really rich in 1 year…!

How can a man go from a net worth of USD 35bill and down to USD 3bill in just one year? Losing USD 32bill in one year…. crazy!
On top of this, two of his companies were spending USD 1bill in pure cash in the first three months.

Eike Batista

Value in assets

Most of his value are in assets, shares in his companies. So when the stock price drops, so does his value (and net worth). Many things went wrong here.
Global crises, inflation in Brazil, lost his support among investors and mostly because everything was built upon future  expectations. When you can not live up to them then your support will leave.
Once he was no. 8 richest person in the world now not among the Top 200, according to Blomberg.
The big question remains – does it stop here or will he continue down ?

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