At the peak of his career, he was crowned the seventh richest man in the world!
However, he suffered a startling collapse that changed the dynamics of his life and finances.
Eike Batista received so much attention from the media, which dubbed him as ‘King Midas.’
Eike Batista, the renowned Brazilian business mogul. Photo: @npmesSource: Instagram
His biography highlights his life, his journey from grass to grace, and the fall from glory.
His entrepreneurial skills were unmatched, and he was once recognized among the world’s wealthiest people.
He allegedly brushed shoulders with the law and what followed was a series of troubles.
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So, read on for more details about his life.
Eike Batista’s age
How old is Eike Batista?
He was second out of Eike Batista’s siblings.
The celebrated business mogul while battling lawsuits. Photo: @EvenortLtdSource: Twitter
As of August 2021, he is sixty-four years old.
However, their marriage lasted thirteen years only.They got divorcedin 2004.
Flavia Sampaio bore him his third son, Balder.
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Eike Batista’s businesses
Eike was the second son of businessman Eliezer Batista.
Eliezer was the Minister of Mines and Energy in the Fernando Collor and Joao Goulart administrations.
In 1974, he joined theUniversity of Aachenin Germany to study metallurgical engineering.
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At the age of 23, he launched a gold trading firm called Autram Aurum.
Inca Sun was the company’s symbol and trademark.
The company made $6 million in less than two years.
The celebrated businessman during the glorious years of his career. Photo: @tpcmtweetsSource: Twitter
The move birthed the EBX Group.
He also became the CEO of TVX Gold, a company on the Montreal Stock Exchange.
By then, he was twenty-nine years old.
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The move initiated his relationship with global capital markets.
Between 1980 and 2000, he expanded the business and established eight gold mines in Canada and Brazil.
He also started a silver mine in Chile.
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In the two decades, he accrued over $20 billion.
In 2011,Forbes magazinelisted him as the 8th richest person in the world.
In September 2011, Bloomberg Markets magazine listed him among the 50 most influential people in global finance.
By 2012, Eike’s wealth had a value of more than $34.5 billion.
However, tables turned, and his financial situation turned for the worst.
A decline in world petroleum prices and the Brazilianeconomycoincided with the failure of the OGX oil fields.
Why is Eike Batista broke?
By October 2013, he had defaulted a $45 million interest payment.
By 2015, he had lost nearly everything, and his net worth was negative!
Eike Batista’s fortune 2021
How much is Eike Batista worth?
As of August 2021, the once decorated business mogul had a net worth of-$1.2 lln.
Even though he accumulated wealth throughout his business career, his multiple lawsuits significantly affected his current net worth.
What remains of his name is his glory and success.
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She graduated from Meru University of Science and Technology with a Bachelor of Technology in Civil Engineering in 2019.
In 2023, Priscillah finished the AFP course on Digital Investigation Techniques.
She has been writing articles on Briefly.co.za since 2019.
Email: pshmueni@gmail.com
