This Man Went From 7th Richest Person to Minus 1 Billion 

LOL!!!

It’s sad that he was so greedy

FR 💀💀🙏

Yeah, really

LAAAAAAAL

I was trying to win some snowmobiles once. I won, pots and pans. That's what usually happens to me

@@JohnHall-uv2jm hi dude how are you

​@@JohnHall-uv2jmj😊

:/

@@rachidimakopo5529 what is this

sound ofacts

Thank you for sharing this. I now definitively that owning a winning mega millions lottery ticket is immoral.

@@LiteraIIy_Nobody Do you mean know??

@ejuicevaper no you can't you you don't have the majority shares you can get fired

You really need to think about what you said you must not understand math and majority rule

@@jonathanhall1825 Dual-class share structures. Then you can maintain control with under 51%. Really like how mature your comments seem. Must you really demean others when making an argument? I think YOU don't understand common decency. By the way, I get to say that because you already established yourself as immoral and thus the same decency laws don't apply to you.

Point being, he got rich by taking risks. He lost it all for the same reasons.

I agree

👍🏻👍🏻👍🏻I agree

Until I saw this (and new meaning of broke)

I'm gonna try to beat this guys record. My new dream is to become a NEGATIVE MULTI-BILLIONAIRE.

Yeah in Portuguese, Minas Gerais is General Mines 😊😊

You meant 1.000 dollar in debt?

Only 500? Bro do u need help?😢

Me too

Bro is like a millionaire compared to him😂

Bro I envy you

Exactly

wisdom 👌

Amen! People need to learn to earn. Ill gotten gains are the ruin of most.

Yes please!

YES WE NEED THEM

Those are my favourite videos on this channel!

How is it this doesn't have more likes? I KNOW a ton of people love those videos. I mean, who doesn't?

Love his microwave rice 😉

That's my motto, I just want to be able to pay my bills and afford all I need and the basic necessities.

That type of thought looks good as a social media post, but in real life it's flawed. It is extremely hard to lose it all at any point if you are rich, that's a low-class and middle-class risk. There are a gazillion holes in laws and society (some made by the rich themselves) that allows the rich to be "untouchable by monetary misfortune". Also, money does not buy happiness. But it makes your life better, as it unlocks access to a lot of services and even more ways to get even more money, which brings happiness. That's the way the world works under Capitalism: everything is locked behind a price, even essential services. And everything prioritizes profit, so everything runs on more money than needed to run, to turn up profit. You got no money to pay the price for services, you got nothing. No internet, no transport and no phone/computer already locks you outside of society: you can't research your rights, you become "an island" in political and religious influence, you can't be informed of the situation around you, you can't go after work, you can't get training/study for work, you can't communicate with people more than a mile away.. etc. You basically become a vegetable that will wither away on the next Winter if you can't pay these 3 basic services alone, and we aren't even counting food and having a home or not. Our world is not a socialist utopia where basic human rights are guaranteed. Go get money! That's what you were born to do, that's the only way to stay alive, take advantage of everything and everyone to get off the mud, welcome to the machine.

There's a reason winners of chance games like the lottery always inevitably go broke within the year - or the first few years, if they're lucky. They quit their jobs, and immediately go on a crazy spending spree as if the money is neverending. Afterwards their whole lives are in shambles because they've alienated their loved ones on top of the financial idiocy.

You still die tho so nah. I'd rather be rich thanks.

@@zazzifizzle I DO NOT want to be a billionaire. There's a finite amount of wealth in the world, meaning that if I was making billions, it would be coming from people who were going broke.

"EMBRACER!!" What a MAROON! RE-SCAN! BEEP! RE-SCAN! BEEP!

Oh, of course, people without money NEVER get involved in anything shady 🙄. There are a$$holes in every walk of life, rich and poor. Some people just make excuses for crooks

@@cassieoz1702 I am not saying people without money "never" do that, it does happen there too definitely. It is more the chances when the rich does is much higher and damage can be more severe. >.

I somewhat disagree with your theory. Virtually every evil person out there is unhappy. Therefore, evil is caused by unhappiness. Unhappiness is caused by unrestricted desire. The rich are often evil because they do not restrict there desire. They always want more. Now, of course it is okay to dream. But it is not okay to put no restrictions on your dream. You need restrictions so that you don't get in the way of someone else's dreams. That is why greed exists. Those types of people were already evil. They didn't restrict their dreams. Their wealth just kept on growing and growing, since their was nothing restricting them. It is okay to be extremely wealthy, as long as you know when its time to stop.

​@@LiteraIIy_Nobodyexpanding on that idea: Rio de Janeiro and most of Brazil is so miserable with wealth inequality that the rich get constantly reminded of how deep they can fall. So it's very hard to have a happy life when you're surrounded by so much misery and poverty. I'm sure that quite a few wealthy Brazilians feel compelled to strive for more and more money and wealth out of fear of how deep they could fall if they lost all the benefits that money buys them.

So true

Sociopathy is an integral part of many (if not all) millionaire/billionaire psyche, the only reason that it's not common knowledge is because they go out of their way to make sure they remain "undiagnosed"

"Swallow all your morals, they're a poor man's quality".

SomeONE? 😂

certainly seems true, at least to some extent!

disgraceful, but not surprising 😔

By "never held responsible for it", do you mean that he was never brought to court for it, or that it was the cyclist's fault that he was hit?

Before 2020 an individual could not declare bankruptcy in Brazil. Essentially if he had outstanding loans he owed those for life.

@@picketf Damn!

Poor impulse control is a hell of a thing. also helps that a lot of cheaters operate under the notion they can explain away their suspected infidelity/ cheating as long as all involved never know the other exists.

Literally 🤣🤣😂😂

So what you're saying is... ...if you own a winning mega millions lottery ticket, you have broken the law.

@@LiteraIIy_Nobody I didn't coin the phrase, just thought it was pertinent in this case.

@@bhewi1982 ik What I said was supposed to be a joke.

Well, Brazil is a country with a very long history of corruption, if Eike Batista surprises you, research the "mensalão" and the case of the refinery purchased by the state-owned Petrobrás.

As for Eike's testimony, she helped in the federal police operation against corruption, called "Operation Lava Jato" and contributed to the arrest of the former governor of Rio de Janeiro. Sergio Cabral,

In this case, Sérgio Cabral bankrupted the State of Rio de Janeiro (overpriced works and a lot of corruption) and was photographed in a fateful photo with members of the Brazilian elite in Paris.

And now to answer your question with a sad reality, Eike's denunciation didn't help at all, because everyone arrested by the "Lava Jato operation" is being released. Luiz Inácio Lula, former president.

Involving in several corruption and financial scandals, Odebrecht, "Mensalão", Mafias, tax pedaling, "Petrolão". Who even almost went bankrupt in the state oil company, was one of the men who were

Invest in shares, gonna be a little political here so I'm sorry about that, look for companies that aren't involved in the esg/dei scam also avoid companies that are involved with, I think, blackrock... they will waste your money on trivial bs like esg and dei until they run out of other people's money to spend

Student debt?

Right!

True

Yep, can totally relate to greedy multi billionaire oil Barron 🤡

Just Like Robert Mugabe

More like greedy to needy

The actual quote is "the love of money is the root of all evil". If they did not love money so much, they could do much good with it.

XD

Yeah. I kind of wish Be Amazed would stop stretching the truth, sacrificing accuracy for interesting-ness, and making videos about doom and gloom.

Why was there the ovoid jail hidden like that

@RobertToddKendell hidden like what bro it's 2 spaces under the sentence😭 Is your eyesight failing or smth

In Brazil this law, to separate academics from ordinary criminals is a successful measure to prevent organized crime. The idea being, if you add a smart guy to low brow criminals he would conspirate with his cellmates to orient them on how to make it big once they get out. It also means rich people who are much more likely to have a degree never get to experience a real cell, so the people who introduced the law had most definitely secondary incentives.

Our tax dollars

Is it exclusively gold, or are other resources also used to back up the cash?

It's not Minecraft

No