I am 100% sure that these are far from the main reasons and not reasons at all, these are consequences of other things that happened to him (maybe a tragedy in the family or something else). The owner of a multi-million dollar business is obviously a disciplined, rational person who has seen a lot in life. If he had been exposed to alcohol or unreasonable risks, then he simply would not have achieved what he achieved. The part of the story that we learned is only part of some other story that led him to this.
Logically, yes, I quite agree with your opinion above that I am not sure that this problem or incident happened to that person who is a billionaire or someone who has succeeded in achieving financial freedom in his life as a reward for all the hard work he has done over the years. he live.
Because basically people who succeed in achieving financial freedom in their lives, like billionaires, are those who have a strong level of discipline and also have an unusual mindset, in the sense that they always think about things that are impossible or impossible for normal people in their lives. It's a matter of determining their dreams, but they succeeded in achieving their dreams, where this success was due to strong intentions and determination as well as really knowing how to manage money properly and correctly, meaning that I think it is quite unlikely for these people to experience significant setbacks. like this, in the sense that I don't believe they would foolishly risk all the wealth they have worked for.
The opening post literally says that this happened to a big businessman and that he lost $127 million. Yes, apparently he is not a billionaire, but he is definitely a multimillionaire, since the lost 127 million indicates that his business was worth more than this amount. No business can survive if you take out all of its capitalization; it is fashionable to assume that its business was worth 0.4-1 billion.
By the way, I don’t think everything is fatally bad for him - if he overcomes his bad habits, he will be able to start a new business or work as a CEO with a huge salary and bonuses.