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
Are you sure that you are actually talking about a billionaire? Or do you talk about a billionaire in your native currency? I ask this because a billionaire (in USD) should be very famous and if that person went bankrupt, articles about them would be in every newspaper.
I can't imagine any billionaire going bankrupt in a way that they'll start asking for help to people, that just doesn't seem right. A billionaire can become a millionaire but beggar? I can't imagine. The only moment when this can happen is the case similar to what happened recently in Syria, specifically to Bashar Assad.