Fall of EIKE BATISTA and the Emerging Markets Bubble

Markets Trend

I am a regular follower of the Bloomberg Billionaire Index and repeatedly I read how a certain billionaire added wealth of 1 billion dollar in a month. Some like activist investor Carl S Icahn add several billions whenever Apple and Netflix shares surge. However today we shall talk about an interesting former billionaire. Eike Batista. Eike Batista is Brazilian and Brazil being the epitome of the emerging markets is of very much interest to us. The main reason we are looking at Eke Batista is to dissect how in over a year, a billionaire lost over 25 Billion dollars of wealth. Currently, he is worth 200 million dollars including Debt.  Today, his holding Company filed for bankruptcy crashing the dreams of a man who just last year was the seventh richest man with aspirations to become the richest man in the world.

I first heard of Eike Batista sometime…

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