Eike Batista Net Worth

How Much is Eike Batista Net Worth?

Who doesn’t know Eike Batista? Someone who was once one of the richest people in the world managed to show his wealth through the gas, oil, and mining industries. For those of you who are curious about Eike Batista net worth, we will provide details on how much one of the oil and gas conglomerates earns per year.

Eike Batista is a Brazilian-German entrepreneur who was one of the 10 richest people in the world in 2011.

The main sources of income are from the oil, gas, and mining industries. To date, his total net worth is $1.2 billion. Eike Batista was also chairman of the conglomerate EBX Group and spearheaded many sizable infrastructure projects in Brazil but the company eventually went bankrupt.

Even in 2018, Eike Batista was jailed for 30 years for his case of bribing Sergio Cabral, the governor of Rio de Janeiro, to get a public contract.

However, Eike Batista’s wealth plummeted between 2012 and 2013 in August. Even his wealth has reached $ 30 billion which makes him one of the richest people in the world number 10 and number one in South America.

About Eike Batista

The following is Eike Batista’s career journey:

He was born in Governador Valadares, Brazil on November 3, 1956, and is the second of seven children who are Brazilian businessmen. Eike Batista had moved to Europe as a teenager and eventually continued his studies in Germany, at Aachen University.

In the 80s Eike Batista was once a diamond and gold entrepreneur. He was a salesman who contacted many manufacturers in the Amazon region and managed to attract buyers throughout Europe and Brazil.

Starting at the age of 23, Eike Batista started his own gold company called Autram Aurem which in just a year, managed to earn $6 million.

Then since he was 29 years old, Eike Batista became CEO of the TVX Gold company in Montreal and was finally able to establish a relationship with the global market.

EBX Group: Eike Batista Net Worth

In 1984, Eike Batista succeeded in establishing the EBX Group which focuses on natural resources and infrastructure. Several companies under it such as MMX for mining, OGX for oil, and OSX for the offshore industry.

It is because of these few companies that Eike Batista net worth is a total of $20 billion, and has managed to amass wealth through gold and silver mines in Canada, Chile, and Brazil.

EBX Group is also one of the companies responsible for solar power projects in Brazil. So that in 2011, this company finally obtained control of shares from the Canadian company Ventana Gold which is a mining company and has mineral rights in California-Vegas which is a gold-rich mine in Colombia.

Apart from focusing on natural resources and infrastructure, the EBX Group also invests in several other companies in the fields of entertainment, real estate, technology, and others.

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Become the Richest Person in the World

Batista was once ranked as the 7th richest person in the world having a net worth of $35 in 2012. He often boasts that he can overtake business magnate Carlos Slim to make him the richest person in the world.

Unfortunately, in a short time, Batista’s fortune dropped to $ 200 million. Of course, this is due to many things, especially the debt that he did when doing big projects.

His wealth plummeted due to the declining share price of the EBX Group and the decline in the precious metal mining industry. Therefore, Eike Batista’s net worth is now only $1.2 billion, the remainder of the wealth he has after reaching the peak of his career in 2011.

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