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.