Eike Batista

Biography

Eike Fuhrken Batista da Silva (born 3 November 1956) is a Brazilian business magnatewho made and lost a fortune in mining and oil and gas exploration.Presently, he is the chairman of Brazilian conglomerate EBX Group. The group includes five companies that trade on the BOVESPA's Novo Mercado, a special segment of the São Paulo stock market. These five companies are: OGX (oil and gas), MPX (energy), LLX(logistics), MMX (mining) and OSX (offshore services and equipment). In early 2012, Batista had a net worth of US$30 billion, making him the seventh wealthiest person in the world and the richest in Brazil.[8][9] By July 2013, his wealth had plummeted to $200 million due to his debts and company's falling stock prices.Bloomberg reported in January 2014 that Batista "has a negative net worth."Forbes and Folha de S.Paulo quoted Batista in September 2014 stating that his net worth was –$1 billion.

Research Interest

Business