BLOOMBERG
The world's 8th richest man...Brasil's Eike Batista (right)...was still smug...even after losing about $5.8b in a week...when his energy and mining concerns were routed...down by 26% in stock markets.
He claims his companies don't need to raise money or sell assets.
“We had the financial discipline to maintain $10 billion in cash,” Batista said.
As of 5 August, Bloomberg reported that markets had murdered the holdings of the world's richest man, Mexico's Carlos Slim, with his wealth diminished by more than $6.7b...even before yesterday's sell-off.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- BRASIL: FIFA Ponders Guns Swap For World Cup Football Tickets; Lula's Tumor 75% Reduced.
- FRANCE: Angry Basque Force Sarkozy To Hide In Bar.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- Wall Street Journal Profiles Mexico's notorious "El Chapo."
- CHILE: 16 Jan. UPDATE: Camila Vallejo Interviewed; May Run For MP As Communist.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- ARGENTINA / RUSSIA / BELARUS/ UK : Olympics News...Sort Of.