When it comes to financial market tricksters, Brazil’s Eike Batista might be in a league of his own. Once featured in Forbes magazine as the world’s seventh-richest person, he suffered a stunning collapse — losing USD 35 billion in a single year after investors discovered that his commodities empire was little more than smoke and mirrors. In 2010, he infamously told Mexico’s Carlos Slim to “watch out,” as he was gunning for his position as the world’s wealthiest individual. A few years later, Mr. Batista was in jail and became the world’s first known “negative billionaire,” becoming buried in ten-figure debt.
Now, Eike Batista is trying to stage a comeback that would be even more astounding than his downfall.
On November 4,