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Sovereign Wealth Funds Briefing - Categorized | Performance

Batista gains $7.7 bln to advance in wealth ranking

Posted on 29 March 2012

Eike Batista’s net worth soared $7.7 billion after he sold a 5.63 stake in his EBX Group Co. holding company to Abu Dhabi’s Mubadala Development Co.
The Brazilian billionaire’s fortune rose 29 percent to $34.5 billion since the beginning of trading on March 26, when he announced the deal. That ranks him above American brothers Charles and David Koch and makes him the eighth richest man on Earth, according to the Bloomberg Billionaires Index, a daily measure of the world’s richest people………………………………………..Full Article: Source

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