Business | Reuters | July 22, 2020, 10:16 IST
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Brazilian business magnate Eike Batista made and lost the fortune in his business. He was once the seventh-richest person in Brazil in 2012 with an estimated worth of USD $30 billion. (Image: Reuters)
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Eike Batista lost nearly $25 billion in 18 months. his wealth dropped to $ 200 million because of his debts. In 2014, it was reported that he has negative worth. (Image: Reuters)
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Aubrey Kerr McClendon was an American businessman who founded American Energy Partners, LP. (Image: Reuters)
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McClendon's life ran into trouble when he was indicted by a federal grand jury on charges of conspiring "to rig bids for the purchase of oil and natural gas leases in northwest Oklahoma." He died in a single-vehicle crash on March 2, 2016. (Image: Reuters)
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Allen Stanford is an American former financier and sponsor of professional sports. He was the chairman of Stanford Financial Group of Companies. (Image: Reuters)
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Stanford lost his money to pay $5.9 billion, $6.7 billion disgorgements, $5.9 billion civil penalties after being convicted of running a Ponzi scheme and fraud. (Image: Reuters)
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Investment advisor and former American stockbroker Bernie Madoff was involved in one of the biggest Ponzi schemes in American history. (Image: Reuters)
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Madoff's assets were forfeited post his admission to run a Ponzi scheme estimated $64.8 billion. (Image: Reuters)
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Founder of Theranos, Elizabeth Holmes was named as the youngest self-made female billionaire in the World by Forbes in 2015. (Image: Reuters)
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However, Holmes lost all her money because of the allegations of fraud and lawsuits against her company, Theranos. (Image: Reuters)
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