Brazilian Police Confiscates Oil Magnate’s Fortune, Including an Aventador and a Porsche Cayenne

Three years ago, Brazilian business magnate Eike Batista had a net worth of $30 billion, today he's $1 billion short. Due to his debts and the company’s falling stock prices, not only did the 58-year old businessman go broke, but he’s now investigated for several financial felonies. The Federal Police has recently confiscated his remaining assets, including a Lamborghini Aventador and a Porsche Cayenne leaving him completely stripped.
It appears that Eike Batista was keeping his Aventador in the house 1 photo
Photo: O Globo
Life can surely be quite surprising sometimes, considering that every now and then you find cases like this when people literally lose everything they have. And when you used to be the seven richest person in the world that is quite a lot to lose.

Bloomberg reported in January 2014 that Batista “has a negative net worth.” Forbes stated that in September 2014 his negative net worth was -$1 billion. But even so, it appears Batista had stashed quite a lot of valuable assets at his home in Rio de Janeiro.

When Federal Police ended up in his house on Friday, February 6th, they found six cars, two of which are worth hundred of thousand of dollars. They also found IT gadgets, a piano and about £90,000 in cash, 16 watches and even a Faberge egg. Think of this, some of the rare Russian relics are worth millions of dollars.

We’re not exactly sure what the current stage of the trial is, but according to O Globo, the action was determined by a court order who decided all the assets that belonged to the oil magnate-turned-broke to be sealed so they could ensure the payment in case Batista will be found guilty. The order also involves much of his family, including two of his eldest sons.
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