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# Eike Batista

Random fact: Was world's eighth-richest in March 2012. Fortune peaked at $34.5 billion.

Overview

Batista is an investor who was once Brazil's richest person. His Rio de Janeiro-based holding company, EBX, retains stakes in mining companies MMX and CCX, shipbuilder OSX, and oil producer OGPar after many of his group's companies were restructured. MMX, OSX and OGPar filed for bankruptcy protection from 2013 to 2016.

As of Nov. 23, 2017:
Last change ()
YTD change ()
Industry Oil & Gas
Biggest asset N/A
Citizenship Brazil
Age 56
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Eike Batista's net worth of can buy ...

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Latest News

Net Worth Summary

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Biography

Birthdate: 11/3/1956
Family: Divorced, 3 children
Education: Rwth Aachen University, Bachelor's Degree

Born in Brazil's Minas Gerais state in 1956, Batista is the son of a former mining minister and chief executive at iron-ore giant Vale. His family moved to Europe when he was 11. While studying metallurgical engineering at Aachen University in Germany -- where he maintains dual nationality -- he worked on the side first as an insurance salesman, and then as a diamond middleman, buying in Rio de Janeiro and selling in Belgium and Portugal. 

He eventually cut his studies short to return to Brazil and dive into the Amazon gold trade, buying his first mine at age 24. He exchanged his South American exploration assets for a stake in Toronto-based TVX Gold in 1983.

He led the company from 1986 to 2001, a period that saw the company's stock price jump almost 13-fold before plummeting more than 95 percent. Back in Brazil, Batista bought and sold mines and other assets before starting MMX in 2005 to tap iron-ore reserves; he held an initial public offering the following year. Since then he's spun off or sold shares in five other companies: oil driller OGX, power-generation company MPX, port developer LLX, shipbuilder OSX and coal producer CCX.

His empire began to collapse in 2013 amid a commodities bust and four of his units had to be restructured. He was jailed in January of 2017 in a corruption probe; he has denied any wrongdoing through lawyers.

A former champion powerboat racer, Batista married and later divorced the onetime Playboy model and Carnaval dancer Luma de Oliveira. They have two children, Thor and Olin.

Milestones
  • 1956 Born in Governador Valadares, Minas Gerais state, Brazil.
  • 1980 Creates Autram Aurem to trade gold in the Amazon.
  • 1983 Deal with TVX Gold makes him shareholder and eventually CEO.
  • 1996 TVX's split-adjusted share price peaks at C$743.45 in Toronto.
  • 2001 With TVX shares below C$30, Batista resigns to focus on Brazil.
  • 2006 MMX raises $500 million in first of Batista's four IPOs.
  • 2008 Sells iron-ore assets to Anglo American in $5.5 billion deal.
  • 2008 OGX raises $4.1 billion in IPO; $400 million comes from Batista.
  • 2010 Batista injects $300 million in shipbuilder OSX's $1.4 billion IPO.
  • 2011 Buys Ventana Gold for about $1.4 billion; company renamed AUX.