The Seattle Times

RICARDO MORAES / AP
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Thursday, October 31, 2013

Reversal of fortune for Brazil's flamboyant tycoon

Brazilian billionaire Eike Batista attends a 2009 ceremony in which Batista donated about $4.5 million for the Rio 2016 Olympic games bid, in Rio de Janeiro, Brazil. The oil company of Brazil's one-time richest man Eike Batista has filed for bankruptcy protection on Oct. 30, 2013.