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Be Amazed

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

Be Amazed

Be Amazed

Science, Society & Culture, Documentary, History, Leisure

4.81.1K Ratings

🗓️ 16 July 2026

⏱️ 26 minutes

🧾️ Download transcript

Summary

This man went from being the 7th richest person in the world, to having a net worth of minus one billion dollars. Now how does someone go and do a thing like that? Well, turns out, the more you have, the more you’ve got to lose; and this guy lost much more than just money! So, grab some popcorn, as we dig into how, through a series of utterly insane twists, one man went from having over $30 billion in the bank to landing himself 30 years in prison without a penny to his name! This is the crazy story of Eike Batista.



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Transcript

Click on a timestamp to play from that location

0:00.0

This man went from being the seventh richest person in the world to having a net worth of minus one billion dollars.

0:08.0

Now, how does someone go and do a thing like that?

0:11.0

Well, turns out the more you have, the more you've got to lose, and this guy lost much more than just money.

0:19.0

So grab some popcorn as we dig into how, through a series of utterly insane twists, one

0:26.5

man went from having over $30 billion in the bank to landing himself 30 years in prison without

0:33.1

a penny to his name.

0:35.4

This is the crazy story of Aiki Batista.

0:39.8

You're listening.

0:42.5

You're listening to be amazed.

0:50.4

So who exactly is Aiki Batista and how did he fall so far?

0:57.0

Well, to get an understanding of the man behind this tale, first we'll have to take a trip back in time to the mid-20th century Brazil.

1:07.0

Aike Batista was born to Brazilian businessman Eliza Batista and his German wife Jetta on November 3, 1956,

1:16.1

and Manasja Rice, a Brazilian state famous for being the country's mining capital.

1:22.8

Aiki's father set a pretty clear example of how to carve out some financial success working as an engineer

1:28.7

at Valé de Rio Dossi, one of Brazil's largest metal in mining companies in 1961, age just 36,

1:37.3

and Elizer made it to the top of the company as president, setting a precedent for accomplishment for his children.

1:45.2

At that time, Valé de Riodosso was a state-owned company, meaning that Elizer was not only one of

1:50.8

the top businessmen in Brazil, but also an important government figure.

1:56.4

During his successful career, Elizer spent time as Brazil's Minister of Mines and Energy in

2:01.5

1962, which provided him and subsequently Aiki, with invaluable knowledge of the

2:07.1

country's landscape of gold mines.

2:10.7

This knowledge was something Aiky would come to use and indeed abuse in his adult years,

...

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