The Real Reasons They Lost Billions of Dollars

Did you know that Eike Batista net worth fell all the way from an estimated $35 billion dollars to less than $300 million. Or that Vijay Mallya lost all his money and still owes $1.3 billion. Find out all the real reasons why these people lost billions of dollars inn this video!

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9 - Masayoshi Son
SoftBank, Japan's largest telecom and internet company, was founded by Masayoshi Son, a serial entrepreneur and the 3rd richest person in Japan. However, he has the distinction of losing the MOST money in history as he lost nearly $70 BILLION dollars in the dotcom crash of 2000.

8 - Elizabeth Holmes
Back in 2014, Theranos and its CEO and founder Elizabeth Holmes were on top of the world. At that time, Theranos was a revolutionary company. Holmes was called a genius who was seen as the female Steve Jobs. Holmes was then world's youngest female self-made billionaire, with a net worth of around $4.5 billion.

7 - Adolf Merckle
Adolf Merckle was Germany's fifth richest man and the world's 98th richest man at one time. In March 2008, his personal fortune was estimated to be roughly $12.8 billion by Forbes. Merckle made his money by building his family business in chemicals into one of the biggest pharmaceutical wholesalers in the world.

6 - Allen Stanford
Allen Stanford was the chairman of the now-defunct Stanford Financial Group of Companies. At his peak, he was worth more than $2 billion dollars. In 2020, his net worth is still zero, because, well, he’s still serving a 110 year prison sentence for his role in running a massive ponzi scheme!

5 - Alberto Vilar
Back before the internet bubble burst, Alberto Vilar and his Amerindo Investment Advisors company made lots of money investing in young high-tech companies. The thing about owning a lot of stock that’s worth a lot is that it doesn’t mean anything until you sell it!

4 - Eike Batista
Eike Batista fell a long way. At his financial height, he was the richest man in Brazil. He made his money largely through Brazilian natural resource companies. But he ran up a lot of debt. When his businesses crashed in early 2012, so did his net worth.

3 - Vijay Mallya
Vijay Mallya isn't a household name in the United States, but he's quite famous in his native India. He was a liquor baron and he also owned the now defunct Kingfisher Airlines. He was reportedly worth around $one and a half billion dollars at one point.

2 - Jocelyn Wildenstein - Catwoman
Imagine having 2 billion dollars. How many of you guys could blow through that?! Back in 1999, Jocelyn Wildenstein, otherwise known as Catwoman, received a whopping two and a half billion dollars in her divorce from her art dealer husband Alec!

1 - Bernie Madoff
You know Bernie Madoff right. We’re not gonna get too much into his story as he’s been covered extensively. He entered financial history by swindling many wealthy people out of TENS of billions of dollars in what’s most likely THE Biggest Scam in human history.

Видео The Real Reasons They Lost Billions of Dollars канала Pablito's Way