Batista’s OGX Collapse Ends in Bankruptcy

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Oct. 31 (Bloomberg) -- Bloomberg Billionaires EMEA reporter Devon Pendleton examines the fall from Grace of Eike Batista as his OGX files the largest -ever corporate default in Latin America and looks at some of the big names that stand to lose money because of it. She speaks on Bloomberg Television’s “The Pulse.”

Work our way through.

Very graham.

These bondholders face losses of 89%. in terms of what it means for batista, hubris is the word of the day.

This guide told bloomberg that he would eclipse warren buffett and the fall from grace has been dramatic.

It is in enormous lead dramatic.

We rang tim -- ranked him.

He is worth less than zero.

It is a stunning fall from grace.

With money and charisma comes influence.

Like many self-made millionaires and billionaires, they fall and rise.

It will be interesting to see how the goes.

To make a lot of money you have to go bake.

-- big,. he raised a lot of money.

He said that some of these oil deposits worth one tr illion.

The fall was rapid.

Q the richest guy in the world at one point.

-- he was the richest guy in the world at one point.

He is 55. he is a young guy.

This is the year for batista.

He could not go any lower at this point.

You have covered this.

Have you seen a thing like this before?

Never.

Not in the history of bloomberg billionaire coverage.

It is truly stunning.

Thank you very much indeed.

The amazing rise and more

This text has been automatically generated. It may not be 100% accurate.

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