This Man Went From 7th Richest Person to Minus 1 Billion

This is the story of the man who lost $34 billion in one year, going from the world's 7th richest man to minus $1 billion.
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[@elsinaattheworkshop]

The fact that this guy was very rich and yet a lot of us didn't even know he existed!🤣🤣

[@familywattley5703]

LOL!!!

[@101shadeira]

It’s sad that he was so greedy

[@YousufRana-ce1rk]

FR 💀💀🙏

[@LITTLE1994]

Yeah, really

[@Gforce1337]

LAAAAAAAL

[@legbawilliams5076]

Is it really that shocking that a super wealthy person is involved in crime? You know the old saying: Behind every great fortune is a great crime.

[@loj2252]

sound ofacts

[@LiteraIIy_Nobody]

Thank you for sharing this. I now definitively that owning a winning mega millions lottery ticket is immoral.

[@legbawilliams5076]

@@LiteraIIy_Nobody Do you mean know??

[@gNOme_5]

It's disgusting how some have been unimaginably lucky and/or been afforded every opportunity, while the overwhelming majority couldn't win even if they were the only ones playing! 🙄😖

[@JohnHall-uv2jm]

I was trying to win some snowmobiles once. I won, pots and pans. That's what usually happens to me

[@thesadistor-hl7lw]

@@JohnHall-uv2jm hi dude how are you

[@rachidimakopo5529]

​@@JohnHall-uv2jmj😊

[@rachidimakopo5529]

:/

[@thesadistor-hl7lw]

@@rachidimakopo5529 what is this

[@jonathanhall1825]

Remember when you start a company make sure you always hold at least 51%of the company so you have control

[@jonathanhall1825]

@ejuicevaper no you can't you you don't have the majority shares you can get fired

[@jonathanhall1825]

You really need to think about what you said you must not understand math and majority rule

[@bobthegoat7090]

@@jonathanhall1825 Dual-class share structures. Then you can maintain control with under 51%. Really like how mature your comments seem. Must you really demean others when making an argument? I think YOU don't understand common decency. By the way, I get to say that because you already established yourself as immoral and thus the same decency laws don't apply to you.

[@JPriz416]

With that kind of wealth he could of done so much good and still live a life we can only dream off. Being greedy was his downfall and led to imprisonment.

[@patrickcano2491]

One thing you should correct SERGIO CABRAL was not just any government official. He was the Governor of Rio which is the highest office in the State of Rio.

[@Thomas-VA]

Sometimes in the justice system, you can't buy your way out of jail, but it is so much easier for the rich to try.

[@Chisszaru]

If you want to keep your wealth, be humble, pay your taxes, and don't do like Eike. Basically, don't do stupid stuff

[@alastair1955]

Point being, he got rich by taking risks. He lost it all for the same reasons.

[@Gforce1337]

I agree

[@zizicutecat]

👍🏻👍🏻👍🏻I agree

[@ajc3267]

I thought I was broke. 😂

[@ajc3267]

Until I saw this (and new meaning of broke)

[@LiteraIIy_Nobody]

I'm gonna try to beat this guys record. My new dream is to become a NEGATIVE MULTI-BILLIONAIRE.

[@UAE-Ball785]

1:16 - Minas Gerais: The Capital of Mining - California: Did I hear GOLD??

[@darwinqpenaflorida3797]

Yeah in Portuguese, Minas Gerais is General Mines 😊😊

[@nylamelody1307]

I love how he puts watermarks for some of the videos he includes so he isn't stealing anyone's work.

[@braedenk.4173]

I thought I was poor with 500 dollars.

[@mrfoxyx]

You meant 1.000 dollar in debt?

[@vtmama126]

Only 500? Bro do u need help?😢

[@RosaMondragon-jb4tv]

Me too

[@RobertToddKendell]

Bro is like a millionaire compared to him😂

[@AaronMeeks-bumblebee]

Bro I envy you

[@mirthenary]

I need a Darwin's award video again🙏😁

[@DravenGal]

Yes please!

[@Dannyswarm]

YES WE NEED THEM

[@ghostchick5275]

Those are my favourite videos on this channel!

[@DravenGal]

How is it this doesn't have more likes? I KNOW a ton of people love those videos. I mean, who doesn't?

[@user-vm5ud4xw6n]

“For what shall it profit a man if he gain the whole world and suffer the loss of his soul?” Mark 8:36

[@jamespope2840]

Exactly

[@BeAmazed]

wisdom 👌

[@amyh6358]

Amen! People need to learn to earn. Ill gotten gains are the ruin of most.

[@MadzNotHere]

As my wise Uncle Ben once told me “With great power comes great responsibility” AND THEN THERE IS THIS GUY-

[@PLuMUK54]

Love his microwave rice 😉

[@user-fg9oy3uo3h]

You know how it goes. Greed corrupts people.

[@FirstLast-kr6ek]

I am always amazed by Be Amazed

[@sandrasausville9103]

Ge was given pretty much everything given to him to succeed and he still wasn't happy? Greed will get you everytime

[@EmilyS-gk3st]

This is why I fully believe it never pays to be rich. It's so easy to lose it all, to death or to other circumstances. It's better to find contentment with relatively little.

[@isobaramark7032]

That's my motto, I just want to be able to pay my bills and afford all I need and the basic necessities.

[@ViniSocramSaint]

That type of thought looks good as a social media post, but in real life it's flawed. It is extremely hard to lose it all at any point if you are rich, that's a low-class and middle-class risk. There are a gazillion holes in laws and society (some made by the rich themselves) that allows the rich to be "untouchable by monetary misfortune". Also, money does not buy happiness. But it makes your life better, as it unlocks access to a lot of services and even more ways to get even more money, which brings happiness. That's the way the world works under Capitalism: everything is locked behind a price, even essential services. And everything prioritizes profit, so everything runs on more money than needed to run, to turn up profit. You got no money to pay the price for services, you got nothing. No internet, no transport and no phone/computer already locks you outside of society: you can't research your rights, you become "an island" in political and religious influence, you can't be informed of the situation around you, you can't go after work, you can't get training/study for work, you can't communicate with people more than a mile away.. etc. You basically become a vegetable that will wither away on the next Winter if you can't pay these 3 basic services alone, and we aren't even counting food and having a home or not. Our world is not a socialist utopia where basic human rights are guaranteed. Go get money! That's what you were born to do, that's the only way to stay alive, take advantage of everything and everyone to get off the mud, welcome to the machine.

[@edene.4870]

There's a reason winners of chance games like the lottery always inevitably go broke within the year - or the first few years, if they're lucky. They quit their jobs, and immediately go on a crazy spending spree as if the money is neverending. Afterwards their whole lives are in shambles because they've alienated their loved ones on top of the financial idiocy.

[@zazzifizzle]

You still die tho so nah. I'd rather be rich thanks.

[@LiteraIIy_Nobody]

@@zazzifizzle I DO NOT want to be a billionaire. There's a finite amount of wealth in the world, meaning that if I was making billions, it would be coming from people who were going broke.

[@isobaramark7032]

Wow, this story literally gave me chills 🥶

[@lorraineamico42]

He got what was coming to him

[@JcXtreme72]

The jet is an Embraer Legacy 600. It's a Brazilian company pronounced Em-Bray-er

[@daveogarf]

"EMBRACER!!" What a MAROON! RE-SCAN! BEEP! RE-SCAN! BEEP!

[@amyh6358]

Love your videos ❤Happy New Year!❤from Nebraska

[@Huseyin_Gazi]

This actually validate my theory that money/wealth is mentally toxic for you and becomes worse the more you have... and as that happens the risk of doing shady things increases that will put you then deeper into the pit. Makes me happy that I am just a chemical analyst who loves the job with awesome colleagues and having friends/family that cares for you, that is something (happiness) that makes someone rich, not the money.

[@cassieoz1702]

Oh, of course, people without money NEVER get involved in anything shady 🙄. There are a$$holes in every walk of life, rich and poor. Some people just make excuses for crooks

[@Huseyin_Gazi]

@@cassieoz1702 I am not saying people without money "never" do that, it does happen there too definitely. It is more the chances when the rich does is much higher and damage can be more severe. >.

[@LiteraIIy_Nobody]

I somewhat disagree with your theory. Virtually every evil person out there is unhappy. Therefore, evil is caused by unhappiness. Unhappiness is caused by unrestricted desire. The rich are often evil because they do not restrict there desire. They always want more. Now, of course it is okay to dream. But it is not okay to put no restrictions on your dream. You need restrictions so that you don't get in the way of someone else's dreams. That is why greed exists. Those types of people were already evil. They didn't restrict their dreams. Their wealth just kept on growing and growing, since their was nothing restricting them. It is okay to be extremely wealthy, as long as you know when its time to stop.

[@picketf]

​@@LiteraIIy_Nobodyexpanding on that idea: Rio de Janeiro and most of Brazil is so miserable with wealth inequality that the rich get constantly reminded of how deep they can fall. So it's very hard to have a happy life when you're surrounded by so much misery and poverty. I'm sure that quite a few wealthy Brazilians feel compelled to strive for more and more money and wealth out of fear of how deep they could fall if they lost all the benefits that money buys them.

[@ObjectGuy]

Congrats on 12M subscribers 🎉🎉🎉🎉

[@iceice9688]

God makes and breaks be humble folks,no matter how much wealth you obtain if humble bro best believe God will humble you.

[@vance9245]

Wow every body here is a true be amazed fan if they watch the whole video

[@MrBlueOnTop]

You know, when you watch Be Amazed once, you can't stop watching! 🤩📺 It's just that captivating!

[@vicariously143]

This video is the kind of therapy I need.

[@user-ib8iw2bw7h]

I love Be Amazed

[@donovangray4246]

I believe that the majority of "so called" billionaires have got to where they are by screwing over someone , at some point. Most people with major wealth have little compassion for those who have less. They lack empathy, that's why they are rich.

[@jamespope2840]

So true

[@vexile1239]

Sociopathy is an integral part of many (if not all) millionaire/billionaire psyche, the only reason that it's not common knowledge is because they go out of their way to make sure they remain "undiagnosed"

[@masterkevkev]

"Swallow all your morals, they're a poor man's quality".

[@MISTERKIC]

SomeONE? 😂

[@BeAmazed]

certainly seems true, at least to some extent!

[@bhewi1982]

"Behind every great fortune is a great crime"

[@LiteraIIy_Nobody]

So what you're saying is... ...if you own a winning mega millions lottery ticket, you have broken the law.

[@bhewi1982]

@@LiteraIIy_Nobody I didn't coin the phrase, just thought it was pertinent in this case.

[@LiteraIIy_Nobody]

@@bhewi1982 ik What I said was supposed to be a joke.

[@darkwarrior03352]

Ironically, if he had just declared bankruptcy rather than committing crimes and doing shady business practices, he would have been out of his hole way faster.

[@picketf]

Before 2020 an individual could not declare bankruptcy in Brazil. Essentially if he had outstanding loans he owed those for life.

[@darkwarrior03352]

@@picketf Damn!

[@agdnetto]

The Mercedes SLR Mclaren was later crashed by Eike's son as he hit and killed a cyclist on the road. He was never held responsible for it.

[@BeAmazed]

disgraceful, but not surprising 😔

[@LiteraIIy_Nobody]

By "never held responsible for it", do you mean that he was never brought to court for it, or that it was the cyclist's fault that he was hit?

[@bryantwilson4731]

This is one of the examples from hero to zero

[@kimwalsh]

Right!

[@btt0n418]

True

[@Hungryghost01]

Yep, can totally relate to greedy multi billionaire oil Barron 🤡

[@huanghidayat]

Just Like Robert Mugabe

[@SuperSonicSauropod2401]

More like greedy to needy

[@kariwiederkehr733]

Guess you could say he’s a gold digger 😎

[@louiseakerlof7604]

Literally 🤣🤣😂😂

[@Dylonmc]

Nice video

[@PAMTERA01]

Be Amazed is my Favorite 🎉🎉🎉

[@lovingmayberry307]

No conscience and greed. Terrible combination.

[@mattus1gig]

You know where he went wrong? He didn’t have enough blackmail material on various political politicians and judges, unlike most billionaires in the USA.

[@jeank8061]

What an incredible story! I really was Amazed (me with googly eyes)

[@gregorybronstein]

The music intro is so epic!!!

[@channingpappe2876]

Why can’t certain men and women keep it in their pants until they’re completely single at minimum. Cheating always seems like more trouble than it’s worth.

[@NexiSanada]

Poor impulse control is a hell of a thing. also helps that a lot of cheaters operate under the notion they can explain away their suspected infidelity/ cheating as long as all involved never know the other exists.

[@SamSpeedy3]

I thought I was broke with just $1,000,000 thank God for my life

[@vexile1239]

Invest in shares, gonna be a little political here so I'm sorry about that, look for companies that aren't involved in the esg/dei scam also avoid companies that are involved with, I think, blackrock... they will waste your money on trivial bs like esg and dei until they run out of other people's money to spend

[@glennso47]

Instead of the gold mine he got the shaft!😊

[@randomguypostanimeupdates6703]

This is going to be good lesson bc we spend money really wisely or maybe like this happens a

[@helicitywx]

18:25 The corporate jet company name isn't "Embracer", it's "Embraer".

[@STOPPOLICECORRUPTION]

How many people then went to jail based on his information ? Did the government of Brazil have to give him protection ?

[@Lokomotiv-qt6jd]

Well, Brazil is a country with a very long history of corruption, if Eike Batista surprises you, research the "mensalão" and the case of the refinery purchased by the state-owned Petrobrás.

[@Lokomotiv-qt6jd]

As for Eike's testimony, she helped in the federal police operation against corruption, called "Operation Lava Jato" and contributed to the arrest of the former governor of Rio de Janeiro. Sergio Cabral,

[@Lokomotiv-qt6jd]

In this case, Sérgio Cabral bankrupted the State of Rio de Janeiro (overpriced works and a lot of corruption) and was photographed in a fateful photo with members of the Brazilian elite in Paris.

[@Lokomotiv-qt6jd]

And now to answer your question with a sad reality, Eike's denunciation didn't help at all, because everyone arrested by the "Lava Jato operation" is being released. Luiz Inácio Lula, former president.

[@Lokomotiv-qt6jd]

Involving in several corruption and financial scandals, Odebrecht, "Mensalão", Mafias, tax pedaling, "Petrolão". Who even almost went bankrupt in the state oil company, was one of the men who were

[@LasFavoritasDeMichi]

Is there any 2 min version?

[@anime-x184]

Loved this video how about a video showing the life and accomplishment of Albert Einstein

[@shaneashby6245]

Bro got more debt than some country's shame shame

[@blakeaidencreswell4906]

What would of happened if he continued his studies and got a degree instead of chasing after money all his life? 🤔

[@alidi4144]

Student debt?

[@cherrypink1108]

He's obviously never heard of "quit why you're ahead" saying.

[@edene.4870]

Moral of the story: don't scam the rich, the law will pursue you to the ends of Earth. Do what other slimeballs do and just scam the middle class and the poor.

[@JokAguto8566]

Perfection

[@casperthecat420]

0:50 when I heard the man behind this tale I started singing THE MAN BEHIND THE SLAUGHTEEER

[@HazbinHotel_4Lifee]

Favorite this pls

[@StealthyNinjaAviation]

18:30 It is actually called the Embraer Legacy 600, not Embracer Legacy 600

[@zorenembry2010]

wow that was a huge story there

[@laurahooper7609]

Greed is his worst crime

[@laloandbendy]

This song should be used in extreme stories of revenge that went too far part 5

[@darwinqpenaflorida3797]

Eike Batista was born in Governador Valadares, a city in the state of Minas Gerais

[@mingfanzhang8927]

Happy birthday 🎈🎉🎁🎂🎊

[@sagarkunwar3976]

💔💔💔💔💔

[@scottysblog7317]

The things we want most can be the very things that kill us. You could have enough money to last 5 lifetimes, but without the struggle that gives life meaning what do you have?

[@mildlydispleased3221]

Who remembers when this channel wasn't clickbait bollocks?

[@LiteraIIy_Nobody]

Yeah. I kind of wish Be Amazed would stop stretching the truth, sacrificing accuracy for interesting-ness, and making videos about doom and gloom.

[@keiragalaise6435]

I know this wasn't the intended takeaway of the story, but...YAY! I finally have an uncle now, in the form of a non-descript mascot who goes by the name Bartholomew!

[@chrivo1975]

18:28 That's probably an Embraer...yes it looks like a spelling mistake, but is a Brazilian airplane builder...

[@timothymulungi1667]

Be humble

[@zaiks0105]

How many other "billionaires" cut corners, deal under the shadows and yet never get caught?

[@LiteraIIy_Nobody]

XD

[@alyamuhtaseb4361]

I’m amazed

[@BAC_Clips]

Be Amazed is such an underrated channel

[@andrewdubose9968]

“The meek shall inherit the earth, but not its mineral rights”- J. Paul Getty

[@Maling_Phangsit]

Pride goes before destruction

[@nothyiscool]

i feel quite amazed-y-ing

[@OOFERenjoy]

this man went from the 7th richest in the world to the 7th richest in the grave

[@philippegilson]

Hello ! Greed was his default. Wanting more when he had enough to live a luxurious life is a bad plan. Then comes fraud, lies to the investors, over estimation of his projects are big mistakes. Phil. Peace.

[@weatherwitchandfelinefamiliars]

It's so often said that a degree gets you on in life, but it's not usually meant as in you'll get a better jail cell 🎓😮🤦🏻‍♀️🤣🤣

[@picketf]

In Brazil this law, to separate academics from ordinary criminals is a successful measure to prevent organized crime. The idea being, if you add a smart guy to low brow criminals he would conspirate with his cellmates to orient them on how to make it big once they get out. It also means rich people who are much more likely to have a degree never get to experience a real cell, so the people who introduced the law had most definitely secondary incentives.

[@lolliannbruce7783]

WOW!!

[@janhansen554]

Elon Musk can do this same track as Eike. He also have "magic dreams" for his investors.

[@benandben2683]

King Midas? He lived that name to the fullest, including his downfall lol

[@user-ye6yx1zq1v]

Hello Be Amazed thank you for the amazing video 💓📸 I'm very thankful to be subscribed to your channel and I'm from Greece and I'm happy that you mentioned my country!!! Thank you be amazed please 🥺 🙏🏻 Like my comment and heart it 😊 i would be very happy because I have been watching your video since 2020!!

[@KTF.4.EVER1961]

And in the end you can't take it with you when you go. I will never understand.

[@massiah1314]

So this is what rappers like Drake were referencing when they would say "they had the Midas touch" 😂 this whole time I thought they meant that their "Midas touch" was in reference to the car repair shops being so good at fixing cars so they had a similar reputation 😂

[@LiteraIIy_Nobody]

Does anyone find it strange that we say that money is the root of all evil but we also complain about the billionaires not sharing any of their wealth? Or does everyone else find this completely normal and reasonable?

[@PLuMUK54]

The actual quote is "the love of money is the root of all evil". If they did not love money so much, they could do much good with it.

[@DannyZanny249]

The spirits are telling me you need to drop the coins in my pocket....I mean the ocean!

[@ztoob8898]

This is out of left field (sorry), but at 3:11, the stock footage of "college students" *has* to be mirrored. Unless, of course, they're all left-handed, which seems unlikely. (As a leftie, I notice these things.)

[@Counter_Coffee]

The more you take the less you have

[@ezikod3566]

He's trying to get all achievements

[@Lilxolo.898]

It's not Minecraft

[@hunchogringo]

This goes to show, no matter how rich you get always hide money, jewelry etc at multiple different locations and it doesn’t have to be a bank, some escape plan to fall back on.

[@angeloalmario]

Lol batista was like you stole a name from my Filipino idol dave batista

[@margaretm.5935]

OK uncle be amazed😂😂😂 Not in a bad way

[@IWokeUpInANewFinland]

This literally just got uploaded and I’m already here

[@DontDelete-fp8oy]

Meaningless comment from a child who is desperate to feel relevant

[@IWokeUpInANewFinland]

@@DontDelete-fp8oy bro what

[@IWokeUpInANewFinland]

@@DontDelete-fp8oy Plus, I ain’t even under 13

[@DontDelete-fp8oy]

@@IWokeUpInANewFinland this comment is pointless. Nobody cares about nonsense like this

[@IWokeUpInANewFinland]

@@DontDelete-fp8oy Ok and?

[@jonathanbenoit-mj9cv]

Im only 14 but when i finish school i will try to become successful And avoid jail.

[@RobertToddKendell]

Why was there the ovoid jail hidden like that

[@jonathanbenoit-mj9cv]

@RobertToddKendell hidden like what bro it's 2 spaces under the sentence😭 Is your eyesight failing or smth

[@WhattheFools001]

The thumbnail is kinda reminds me of Wario

[@ProRbx1000]

He is like once-ler from the lorax, EXCEPT, blud didn't learn from his mistakes and had the Hardest downfall

[@jackscotcher3099]

Hello be amazed

[@ManhuaLordYT]

12 mill let's go

[@skaviouz]

considering his back stabbing of corruption from his previous business dealings... He should stay away from the gold industry and do something like renewable energy or something that screams he's changed? I know you did mention that he is, but if I was him I would also maybe finish that degree he never completed?

[@Jay-yg4mr]

my first time hearing about him he went from his highest high down to his lowest low lol