Biggest Loser Of The Year, Eike Batista Lost More Than $2 Million Per Hour

Last year, Brazilian entrepreneur Eike Batista was the world�s 7th richest man, with a net worth of $30 billion. Batista, riding high on oil fever, even stated, �I will be the world�s richest man,� vowing to overtake Carlos Slim of Mexico, the world�s richest individual.

This year Batista is ranked No. 100, worth just $10.6 billion. His fortune is down an astonishing $19.4 billion, or 65%, making him the year�s biggest loser. Batista has been drifting further and further away from the top of the list. Now he is not even one of the top three richest Brazilians.

In only one year, on average, Eike Batista lost more than:

$ 1.616 billion per month

 or

$ 53.150 million per day

 or

$ 2 million per hour

The stock price of some of the listed companies where he has relevant stakes have dropped significantly. Below some year-on-year comparisons based on prices of 02/22/13:

OGX Petroleo e Gas Participacoes SA

1-Year Return:-80.25%

MMX Mineracao e Metalicos SA :

1-Yr Return: -63.80%

OSX Brasil SA

1-Year Return:-57.05%

LLX Logistica SA

1-Yr Return: -47.38%

MPX Energia SA