Personally I’m finding it difficult to believe a billionaire can go broke due to the worse state of an economy. When I mean broke. To the extend of selling off properties and barely afford a living.
Asking from this question because I know of a billionaire who right now is going about asking people for help because he has gone broke.
People said he went broke due to the way the economy turned out this he tells people who are close to him. On hearing this I felt there was something else behind this man’s success when maybe didn’t end well for him. Because how can the bad state of an economy cause you to go broke. It’s difficult to believe.
Now this are what I guess could be the cause but he just doesn’t want to tell people the truth.
- Maybe his fortune was base on ritual, just maybe.
- Maybe he went in to some kind of business deal and was duped
- Or maybe he didn’t manage his resources properly
Please you can share any reasons you think might has been the cause since I’m still not convinced that the bad state of the economy cause this said billionaire to go broke
Buddy first and foremost I will have to comend you for such a great thread, I must say I love this, realistically billionaires networth may decline due to the bad state of his or her country economy though it all depends on his versatility in investment because most billionaires are very smart to the extent that they know what the masses needs so before they run out of business or go into any form of decline, they will findout what the majority needs and massively go into the production in other to remain relevant to keep growing their wealth, though I want you to understand even though billonares are broke it will not be to the extent of not being able to afford somethings, it will only affects somethings but their smartness will make them to bounce back although the bad economy of a country affects a billionaire that only has investment in the country that's been affect, that's why as a billionaire you have to be versatile, your investment shouldn't be centered in one place, it should be in different things and different countries in other to avoid being affected by such an ugly situation.