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If you live in Brazil, you've undoubtedly heard of Eike Batista, who in 2012 was the country's richest person, having made a fortune in gold and silver mining. At his height, he was worth $35 billion and had six companies in mining, energy, and oil. But what goes up must come down. Batista's empire was eventually crushed by debt, due to zealous overspending and a devaluation of his main company, OGX. His assets, including many boats, planes, and buildings, were seized by the government and/or sold to creditors. In the aftermath, he was said to be a “negative billionaire," with over a billion dollars in debt. After renegotiating his debt, he appeared on local TV and said (referring to himself in the third person) “Elke Batista has cleared his debt. Now he has some wealth to start up.”

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Wealthy Celebrities Who Eventually Went From Rich To Broke
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