It's very sad but to me it seems stupid why he would have to pay so much gambling losses despite owning so much wealth. He couldn't stop himself despite losing so much in the bet that I think he has a mental disorder. Rich gamblers are usually addicted to gambling for pleasure but I don't understand why this rich man got addicted to gambling. But the man is a complete fool, it must be admitted, because such a large amount of wealth has been repeatedly gambled away despite losing the bet.
Agreed, it was very stupid to take all the wealth in gambling, he had lost control could not set betting limits and he was gambling following the flow of emotions because he had lost a lot of money and he wanted all the losses to be recovered in one bet. He didn't think about the risk of the next loss, as a result he has lost all the money he has and we don't know what his fate will be now, maybe he is experiencing depression and stress. We have been reminded in various threads to gamble by setting limits and gambling responsibly so that you don't experience high losses and you can enjoy gambling without getting emotional and addicted.