Eike Batista’s profile picture

Eike Batista

Eike Batista’s profile picture
Net worth 2018: $10.6 Billion
Industry: Energy
Country: Brazil
BirthDay: 3 November 1956
Children: 2
Education: Drop Out, RWTH Aachen University
BIOGRAPHY

Eike Batista was bornon 3 November 1956 in Brazil. It's been a humbling year for Eike Batista, who lost the title of Brazil's richest man as prices plummeted on five of his six publicly-traded holdings. The biggest crash occurred at oil and gas driller OGX Petroleo e Gas: The value of his 61% stake was worth $3.7 billion in mid February, down from nearly $19.9 billion a year earlier. Altogether, over the past 12 months Batista's assets shed nearly two-thirds of their value, or $19.4 billion, making him the billionaire with the biggest drop in net worth. In March 2012, before his stocks began falling, Batista sold a 5.6% stake in his umbrella EBX Group to Abu Dhabi government investment fund Mubadala for $2 billion. In May 2012 he sold a 0.8% stake in EBX to U.S. conglomerate GE for $300 million. Needless to say, Batista is no longer boasting loudly about overtaking Carlos Slim of Mexico as the world's richest man.

NET WORTH STATISTIC
2010

$27 Billion

2011

$30 Billion

2012

$30 Billion

2013

$10.6 Billion

2018

$10.6 Billion

TIMELINE
2017

In January 2017, Brazilian authorities issued a detention order for Batista and eight other individuals as part of Operation Car Wash (Portuguese: Operação Lava Jato), a high-profile $100 million money laundering investigation

2015

On 9 February 2015, Brazilian police seized seven cars, including a white Lamborghini Aventador, and cash from Batista

2014

6 billion and he was ranked at the 142nd place on the list of the richest men in the world

2013

On 26 July 2013, Bloomberg News reported his losses as "historic"

2012

In April 2012 the EBX Group contracted International Business Machines Corp

2011

There were 20,000 people working in the construction and operation of the Group's projects in 2011

2010

IstoÉ magazine also listed Batista as one of the 100 most influential people in 2010

2009

In 2009, he moved up to the 61st position and was considered the richest man in Brazil

2008

Another 17 Brazilians were on the list, including Batista (who in 2008 said his goal was to become the richest man in the world in five years)

2006

In 2006, he covered the 220 nautical miles between Santos and Rio de Janeiro in 3h01m47s and beat the record for the course in his boat, the Spirit of Brazil

2004

From 2004 to 2010 Batista created and put into operation five companies: MMX (mining), MPX (energy), OGX (petroleum), LLX (logistics) and OSX (offshore industry)

2000

However, akin to Japanese businessman Masayoshi Son, who lost over 90% of his fortune during the dotcom boom of 2000, Batista's wealth has decreased by over 100% between March 2012 and January 2014, from a peak net worth of $32 billion to a negative net worth

1991

Batista married the model Luma de Oliveira in 1991, and divorced her in 2004

1980

Since the 1980s, Batista created and put into operation eight gold mines in Brazil and Canada (Amapari, Casa Berardi, Crixás, Musselwhite, New Britania, Novo Astro, Novo Planeta and Paracatu), a silver mine in Chile (La Coipa), and three iron ore mines in Brazil (Mina 63, Tico-Tico and Ipé)

1974

In 1974, he began to study metallurgical engineering at the University of Aachen in Germany

1961

Batista was the second of seven children of businessman Eliezer Batista (pt), who was Minister of Mines and Energy in the João Goulart and Fernando Collor administrations and a former president of Companhia Vale do Rio Doce (now known simply as Vale), then wholly a state enterprise, between 1961–1964 and 1979–1986

1956

Eike Fuhrken Batista da Silva (Portuguese: [ˈajk(i) ˈfuʁkẽj bɐˈtʃiʃtɐ dɐ ˈsiwvɐ]; born 3 November 1956) is a Brazilian business magnate who made and lost a fortune in mining and oil and gas exploration

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