How does a billionaire go bankrupt? In the case of Eike Batista, very quickly.
The flamboyant owner of the Brazilian OGX and twenty other companies (each ending in "X" for multiplication) filed for protection from his creditors yesterday.
His empire fell like a house of cards, all 30 billion dollars of them, in three short months.
Less than a year ago Batista announced on a Charlie Rose interview that he expected, within half a decade, to become the world's richest man.
It was a fateful moment.
Like the judgement that fell from heaven upon the mighty King Nebuchadnezzar, that sent him out to graze like a beast until he realized that "The Most High God rules supreme in the world of men"
Batista himself has now been put out to graze.
Tomorrow, instead of being the world's richest man, he will be drinking his coffee in the local do-nut shop along with the commonality of the human race.
It will be a salutary lesson if he learns to confess, with the other richest man in the world, that "The Most high God rules supreme in the world of men."
Was that one cream or two, Eike?
Jubilate.
Ian
No comments:
Post a Comment