Eike Batista | |
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Eike Batista in 2011
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Born |
Eike Fuhrken Batista da Silva 3 November 1956 Governador Valadares, Minas Gerais, Brazil |
Nationality | Brazil |
Alma mater | RWTH Aachen University (dropped out) |
Occupation | CEO of EBX Group |
Spouse(s) |
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Children | Thor Batista (b. 1992) Olin Batista (b. 1996) Balder Batista (b. 2013) |
Eike Fuhrken Batista da Silva (Portuguese: [ˈejki ˈfuʁkẽj ba'tʃista da 'siwva]; born 3 November 1956) is a Brazilian business magnate who made and lost a fortune in mining and oil and gas exploration. Presently, he is the chairman of Brazilian conglomerate EBX Group. The group includes five companies that trade on the BOVESPA's Novo Mercado, a special segment of the São Paulo stock market. These five companies are: OGX (oil and gas), MPX (energy), LLX (logistics), MMX (mining) and OSX (offshore services and equipment).
In early 2012, Batista had a net worth of $30.0 billion, making him the seventh wealthiest person in the world and the richest in Brazil. By July 2013, his wealth had plummeted to $200 million due to his debts and company's falling stock prices. Bloomberg reported in January 2014 that Batista "has a negative net worth." Forbes and Folha de S.Paulo quoted Batista in September 2014 stating that his net worth was –$1 billion.
Batista is one of seven children of businessman Eliezer Batista da Silva, who was Minister of Mines and Energy in the João Goulart and Fernando Collor administrations and a former president of Companhia Vale do Rio Doce, then wholly a state enterprise, between 1961–1964 and 1979–1986. His mother, Jutta Fuhrken, was born in Germany and, from her, Batista says he learned self-esteem and discipline, attributes he considers crucial to his formation as an entrepreneur. After spending his childhood in Brazil, Batista and his family moved to Europe when he was a teenager, due to his father's occupation. They lived in Geneva, Düsseldorf and Brussels.
In 1974, he began to study metallurgical engineering at the University of Aachen in Germany. When he was 18 years old, his parents returned to Brazil, yet Batista remained abroad and began selling insurance policies door-to-door to make his living. In interviews, he often mentions that the "stress" and the lessons learned from this experience were essential for his education.