<ul data-eligibleForWebStory="false"><li>Three billionaires who made big mistakes and lost everything due to their own bad decisions: Eike Batista, Allen Stanford, and Elizabeth Holmes.</li><li>Eike Batista, once Brazil's richest man, lost his money after a failed oil company venture and got arrested for corruption.</li><li>Allen Stanford engaged in a $7 billion fraud, running a Ponzi scheme and was sentenced to 110 years in prison.</li><li>Elizabeth Holmes' Theranos company, valued at $9 billion, collapsed when her blood testing machine didn't work, leading to her imprisonment in 2023.</li></ul>

3 Billionaires Who Lost Everything in the Dumbest Way

Discover more