1. Ramesh Chandra
Ramesh Chandra is the first name of billionaires who lost a fortune. He born in 1941. He admitted school at the Indian Institute of Technology in Kharagpur to study enginnering. For his qualification he does jobs on pair of companies. Sooner or later with his saved money he started his own company Technical Consultant Private Ltd. in Delhi. He also had a business of real estate. He was building middle class houses in India during 1980’s and from this profit he was controlling the financial support for his foundation of Unitech which is one of the biggest company of him.
Ramesh was the owner of nearly $10 billion during the Unitech’s. But in 2008, property development came to stop progress in India. For that reason Ramesh has to cost billions of dollars. Almost 90% of his net worth he had to bill.
2. J.K. Rowling
J.K rowling is the creator of the most popular realesed series. That makes her the first billionaire author. There is a rumor that she blew all her money on drugs. But the truth is that she decided to donate her hundreds of millions of dollars to the charities.
3. Sean Quinn
Quinn was a brilliant conglomerateur. He was expanding his savings thinking that he never lost it. He was purchased into hotels, Plastics, banking, hospital, financing, radiator research. From those he was earning a lot of money. He was bankrupted because he was involved in some serious asset. He also had to spend 9 months in jail. Within one year he lost 6 billion dollars.
4. Alberto Vilar
Alberto Vilar is from West Orange, New jersey. He graduated from “Washington and Jefferson College” and “Iona College”. Then Vilar started “Amerindo Investment Advisors” along with Gray Tanaka that makes him millionaires within two years. He donated a huge amount of money to opera house that is nearly a quarter billion dollars. It was exposed that Vilar was donating on funds earned in fraud, he had to spend days in jail.
5. Allen Stanford
Allen Stanford was making billions of dollars by selling miserable real estate and then selling it whenever the market is back. When the it is decided to inspect Allen they found something major. His whole company was running with a massive Ponzi scheme. He was punished for 110 years in jail.
6. Robert Friedland
Robert Friedland is a billionaire from Chicago. He started a company named Ivanhoe Capital Company and this time he met to Steve Jobs. He had shares on seven successful companies. When Rio Tinto walk in and change the company’s name to Turquoise Hill, Robert failed to control the Ivanhoe Mines. He was struggling with money and then he slipped from the ranks of the billionaire’s.
7. Bjorgolfur Gudmundsson
Bjorgolfur Gudmundsson was the chairman of the world famous West Ham United FC: English Football Club that battled in the “Premier League. He was engaged in banking, and made an whole beverage empire that helped him to lead a gorgeous lifestyle. In 2008 Iceland faced a gigantic banking crisis that cursed disaster for everyone in the Country,. By the end of the 2008 year Gudmundsson faced financial tragedy.
8. Victor Nusenkis
Viktor Nusenkis is a billionaire from Ukraine. When the Soviet Union exists, this allowed him the opportunity to avoid the rules of communism for becoming the independent exporter of coal.After the fall of the Soviet Union, Nusenkis had $2.2 billion in 2013, but within a year it dropped down to just $350 million.
9. Cesar Mata Pires
Cesar Mata Pires was a 7 billion dollar source of power that was responsible for building the World Cup Stadiums by giving World Cups to the each year’s teams.Cesar was respected for the quality of his constructions, and he was responsible for building the highways that connected Haiti to Angola. Now cesar has to cost 311 million dollars to his name. for some ambiguous paperwork gives his companies some kickbacks.
10. Eike Batista
Eike Batista was born with success. His father Eliezer Batista da Silva, worked in the energy department of the cabinet in Brazil’s government. Eike admitted in the University of Aachen in Germany, but dropped out soon. Eike returned to Brazil and started gold and diamond trading and he became a millionaire at the age of 23. Suddenly it was exposed that his company could only produce 15,000 barrels per day. Batista had to cost $32 billion to a beyond belief negative $1 billion. Still now Police seized Batista’s assets for his inability to pay back creditors.