Thu. Jul 18th, 2024

Eike Batista Net Worth | Celebrity Net Worth

Division: 12

What is EK Batista’s net worth?

Eike Batista is a Brazilian-German entrepreneur who made a fortune in the oil and gas and mining industries, becoming one of the ten richest people in the world in 2011. Eike Batista has a net worth of – $1.2 Billion as of this writing.

Chairman of the conglomerate EBX Group, he led large-scale infrastructure projects in Brazil that eventually bankrupted his companies. In 2018, Batista was sentenced to 30 years in prison for bribing Sergio Cabral, the governor of Rio de Janeiro, with the aim of obtaining a public contract.

Between August 2012 and August 2013, EK Batista’s wealth declined at an astonishing pace. His net worth once reached $30 billion, making him the 10th richest person in the world and the number one richest person in South America.

Early life and beginning of career

EK Batista was born on November 3, 1956, the second of seven children of Brazilian governor Valladares, Brazilian businessman Eliezer, and German-born mother Jutta. When Batista was a teenager, he and his family moved to Europe, living in places including Geneva, Switzerland, Düsseldorf, Germany and Brussels, Belgium. Batista attended the University of Aachen in Germany, where he studied metallurgical engineering. To make a living, he worked as a door-to-door insurance policy salesman.

Returning to Brazil in the early 80s, Batista turned his attention to the gold and diamond trade. As a salesman, he contacted producers in the Amazon region as well as buyers in large cities throughout Brazil and Europe. At the age of 23, Batista started his own gold trading firm, Atrum Aurum; Within just one year, the company had made $6 million. Later, at the age of 29, he became CEO of TVX Gold, a Montreal-based company that established its ties to global capital markets.

ebx group

Batista founded the EBX Group in 1984, following the implementation of Amazon’s first mechanized alluvial gold mining plant. Focused on infrastructure and natural resources, the Rio de Janeiro-based conglomerate includes companies such as OGX, which specializes in oil; MMX, which is involved in mining; and OSX, which handles the offshore industry. Between 1980 and 2000, Batista raised $20 billion through gold and silver mine operations in Brazil, Canada and Chile. The EBX Group is also responsible for implementing Brazil’s first commercial-scale solar power plant in Taua. In March 2011, the group acquired stock control of Canadian mining firm Ventana Gold, which owns mineral rights in Colombia’s historic, gold-rich California-Vetus mining region.

In addition to its work in the infrastructure and natural resources sectors, EBX Group invests in sectors such as entertainment, technology, real estate and air and rail catering. Its real estate company, REX, focuses on urban development and income-generating properties, and has a portfolio that includes Hotel Gloria, MD.X Medical Center, and the R2 Leblon Business Center. In total, the EBX Group supports more than 170 social and environmental initiatives throughout Brazil, including historical and cultural preservation.

Frederick J. Brown / AFP / Getty Images

reversal of fortune

Batista was once the seventh-richest person in the world, with a net worth of approximately $35 billion as of early 2012. He often claimed that he would overtake Mexican business magnate Carlos Slim to become the richest man in the world by 2015. However, within a less than a year after Batista’s net worth reached its peak, Batista’s wealth fell to $200 million. This was largely due to the many debts accumulated from working on large-scale projects and the falling stock prices of EBX Group. In addition to the massive collapse of his OGX company, his losses were also caused by the downturn in the precious metals mining industry, which was only delivering 15,000 barrels a day when it claimed to have pumped 750,000. Between March 2012 and January 2014, Batista’s assets decreased by more than 100% to a negative net worth. In early 2015, Brazilian authorities seized cash and seven cars from Batista.

Since his historic loss, Batista has written about his fall from the billionaire ranks. He has said that he regrets launching his companies on the stock markets, and should have used a private equity model to finance his ventures.

Arrest and prison sentence

In early 2017, Batista was one of nine individuals detained by Brazilian authorities as part of Operation Car Wash, a high-profile money laundering investigation. Upon his return from New York, he was detained at a maximum security prison in the Rio de Janeiro neighborhood of Bangu, and soon accused of paying a $16.5 million bribe to Sergio Cabral, the disgraced former governor of Rio de Janeiro. In July 2018, Batista was convicted of bribing the governor to secure state government contracts. He was eventually sentenced to 30 years in prison.

personal life

In 1991, Batista married model and actress Luma de Oliveira, with whom he had two sons, Olin and Thor. The couple got divorced in 2004. Subsequently, Batista became romantically involved with lawyer Flavia Sampaio; Together, they had a son named Baldar.

A passion for running, swimming and sea sports, Batista took part in offshore powerboat racing in the 1990s. In the super class, he was the Brazilian, US and world champion. Later, in 2006, Batista traveled the 220-nautical mile course between Santos and Rio de Janeiro in a record time of three hours, one minute and forty-seven seconds.

#Eike #Batista #Net #Worth #Celebrity #Net #Worth

Leave a Reply

Your email address will not be published. Required fields are marked *