Pursuits
Brazil Billionaire Batista Drops From World’s 200 Richest
This article is for subscribers only.
Eike Batista dropped from the ranks of the world’s 200 richest people after he sold shares in his flagship oil producer for the first time, dragging shares of OGX Petroleo & Gas Participacoes SA to a record low.
OGX slumped 9.3 percent to 1.17 reais in Sao Paolo yesterday. That helped erase $196 million from his net worth, and left the 56-year-old tycoon with a fortune of $6.1 billion, according to the Bloomberg Billionaires Index. His wealth peaked at $34.5 billion in March last year, when he was the eighth-richest person on Earth.