10 Billionaires Who Lost All Of Their Money
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- Опубликовано: 26 сен 2024
- From committing fraud to making plain dumb mistakes, we take a look through 10 Billionaires Who Lost All Of Their Money!
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Wacky Wednesday
What did I learn? never invest in a bank
Rajat Bansal that's right
Rajat Bansal jhjv
look up the Act of 1871...
Never marry without an agreement which would leave your ex precisely nothing.
No, banks are the best investment you can make. Look at Warren Buffett, he loves bank stocks, although he got them cheap in 2008, when they were sinking. You should have some other investments too. Never put all your eggs in one basket but banks are really great because they mint (create) money secondarily, after the central banks mint money primarily.
“Filing for bankruptcy” does not mean broke. These are business people which have incorporated their companies I.e. their companies are separate entities. The principals of these companies are not themselves liable for debts that the companies have assumed. In other words, they still own personal assets
the problem is that if FRAUD is the issue, the IRS and other countries tax authorities can now cross the lines of these "separate entities", just as the statute of limitations no longer applies if the audit is for fraud.
trump has been bankrupt many times....
I one time heard someone say "you walk into someone who is rich's house and they dont offer you anything but when you walk into a poor person's home they give you whatever they have left"
its true because rich people doesn't know how it fell to have little or a lot poor people does even if they don't have food or money they'll give their love to you and a roof over your head they'll try to help anyone that is on the streets because they know how it fells to have nothing
That's partly true
99% of rich people do that.
When I walk into someone's house, I'm there to spend time with the person, not to receive a gift.
+Uncharted im meaning like something to drink ive seen poor people offer their last meal to someone
i am happy living with my mother..the real wealth for me is GOOD HEALTH..
Woow
Amro Aquinas can I move in??
Yes it is
Please send me your address. I want to move in and live with you and your mother.
Congrats man. I wish you the best dude
greed, greed, greed and more greed.
Yep
Trust me no one of these people are broke. They have more money than we can ever dream of even though they file for bankruptcy
trust. I'm aware.
+Chthonian121 Was gonna say the same thing. They cry when there are down to a messily 50 million. Poor things. (sniff)
+Chthonian121 Not the dead guy...
Yep, they have 'networks' as social security.
Chthonian121 cash in a bolt..
Oh man, I feel *SO* sorry for these guys. Isn't it funny how a lot of them lost it by being greedy and/or dishonest? They were trying to scam their way to an even bigger fortune (or take shortcut to multiply it.)
Give me a billion or two. I'd like to give it a shot.
nice , dude, you make my day
Email me how you could double my money. I will give you.
Sadly, I only got a small loan of a million dollars from my dad :(
Alvin Mathew
ignore the fools below. Email me princeabdelwassim@gmail.com and tell me how much and where to invest.
Torva Messorem
Alan Stanford was not a self made billionaire, he had simply stolen every dime that was supposed to be invested for people. That's not the same as self made.
noting is permanent in this life always remember that
Thank you for that reminder !
Build your hopes on things eternal
Remember, this is a temporary home, period. Learn, live and love.
For good and bad
Who yu suppose to be , Yoda?
living for money is fucked up, yet we are forced to.
Vαlσи Aнмaтι if there was no money, nothing would ever get done, and don't tell me there was no money a long time ago because they still traded, a form of currency
Vαlσи Aнмaтι we dont really need money.. the government created money out of nothing.. we just need fruits to survive. after life money will never exist.
Vαlσи Aнмaтι u speak wisely
Buy BITCOIN .
most of this people aren't broke! they just good at hiding it.
Exactly. Except for maybe the suicide guy.
+marie watson haha yeah the suicide guy hid it the wrong way LOL
for Sure.
Josiffrank yes
But not in 100 Years-to-life banged up!!
Money is a wicked untrustable bastard.
To casual observers, it appeared that Adolf Merckle the 74-year-old businessman had committed suicide because he was unable to cope with losing the sort of riches the rest of us can only dream of.
Yet the trappings of wealth meant nothing to Merckle; to him money was simply an inevitable by-product of his success, never a goal in itself.
He lived so modestly that he cycled to work on a 15-year-old bike for most of the year, and in bad weather he drove a four-year-old VW Golf. He had no bodyguards or servants, lived in an unimposing chalet-style house in the small town of Blaubeuren, his home for the past 60 years, without so much as a CCTV camera for protection, and stopped off at his local pub on his way home each night to share a drink with the regulars.
Why did he commit suicide then?
@@sandile84 ---he failed. He was no longer a success. For most super wealthy people it is not a love of money, rather net worth reflects how well they are playing the game. His net worth hit zero. He failed at the game.
He’s a crook
Bankruptcy doesn’t mean losing everything but simply not paying the debts and hiding the money somewhere else.
For real lol
I don't think the Creator of this video understands what bankruptcy means at these levels of wealth. When a Billionaire files bankruptcy, it is to preserve wealth, not because they have lost it all.
I don't think you understand how bankruptcy works. It might absolutely affect the individual if he haven't taken measures to avoid it from happening (say, used their own assets as safety for loans taken or commited criminal acts would be things that opens up for going after their personal wealth). Nor do I think you understand how they value the persons wealth, the corporation that is put into bankruptcy is a part of their wealth so if a huge part of their assets is tied up in the company, it will vanish in the bankruptcy. Yes, Trump (as an example) has filed for Bankruptcy for several companies he owned, but has avoided personal bankruptcy by not having all his assets tied up in risky projects. So the losses he made was "reasonable". But that some businessmen take this kind of precautions doesn't say that all does. Alas, some actually loses everything. On top of that, realize that laws concerning bankruptcy is national, several of this former billionaires are non US citizens and the laws in Ireland might differ from the laws in Arkansas.
TheCommentBeatKiller
Yah it's called chapter 11 bankruptcy. Trump did it.
Not being a jerk. The OP clearly displays a lack of understanding of how corporations work and what personal bankruptcy is.
When a billionaire files for bankruptcy for their corporation they do so to preserve or simply out of necessity and their personal wealth is not affected to more then the part they have invested in the corporation.(This is how Trump has filed 4 bankruptcies without being bankrupt. It has always been corporations who went belly up)
However if it is the individual that files for bankruptcy all of their wealth will be distributed amongst the creditors. Is there ways of hiding wealth? Yeah, but filing a bankruptcy on the individual will never ever preserve their wealth. It will in fact strip away everything that they fail to hide, which is most of their wealth.
Btw, I didn't say that those that has become billionaires was particularly honest, though I suspect that there are some that simply didn't need to be crocks to get there. But that is really not the issue.
Ehh... yeah so they can hide assets, nothing new with that. Hiding money on a Swiss account is slightly better then bury some gold, but the mechanics is the same. But that does not make a personal bankruptcy a tool to preserve wealth. It will still always strip you clean of any asset that available, most notably stuff that wont be buried or set into accounts, like stocks, bonds, real estate etc etc etc.
Any assets that is hidden away, is equally hidden before the bankruptcy.
Filing Bankruptcy for a company might however be a tool for avoiding further losses.
Point is, some of those mentioned in the video *did* have their fortunes stripped away.
If I had a hundred million, I may have twenty million in a bankruptcy.
If I was a billionaire, I wouldn't marry a gold digger, if they tried to divorce me if I did make that mistake, I would dump her into the ocean with cinder blocks tied to each foot.
+Hawt Potato i love ur name
umm okay...
Hot! Hot hot hot!
.... Chill.... Don't ever marry them.. Billy G hopefully won't be next...
+Hawt Potato Two words: Pre-Nups
$1 billion plus $1 million a month in alimony. Why the hell would a guy ever get married?
Yeah screw marriage
It seems that women have the best of both worlds.
Status. If a 10/10 pretty girl is at your side at a party and she is your GF, people think its a $5k callgirl you hired. If you show you with a wife (and she actually shows up more than once over lets say a year), she gradually becomes one of the rich people cliques and it shows the other millionnaires that some girl was willing to spend extended time with you and that you are therefore capable of being soft (since biz often just shows you are good at being hard and cold).
If she then has your baby, she went all in for you, and it will show the other millionaires that you are cool enough to have your empire and still start a family with a girl who could pick anyone she wanted. And still she picked you even if for money.
Some billionaires in their 40+ range with no kids would risk 1B of their 2B+ fortune for a fertile hottie to bear them a couple of real kids/heirs. Even if its just to lock in the 1B reward from her side etc. Then it becomes a matter of the stuff you CAN'T buy: Biological kids with an attached mom, health and a future for your wealth when you are dead.
+barath4545 Rich guys get 10/10 gf's all the time.. because they are rich.
wouw...dude stay on drugs and poor. You're so fucking stupid
What about Richard Branson. He lost everything and then became a billionaire again. Legend
An early teacher told him: "You're either going to be very, very rich or a criminal". But unlike these others, what actually made him rich was he's a PEOPLE person. At the end of the day, it's your people and who you chose that will push you forward. His organizational culture is all about that.
soon to be poor again when Virgin Atlantic goes...
Money, people, things come and go...BUT GOD WILL ALWAYS BE WITH US. GOD BLESS.
Christine Newhouse who?
it is definitely if we have money too.
The "Secretaries" & Exchange Commission? Is that the lesser known sibling of the Securities and Exchange Commission?
Yes, Ian, they find young European women who want to be secretaries in the US.
;-)
Yyn
LOL I was like wtf too
Ian Hobday j
when u got 4.99 on your credit/debit card and u spend it to subscribe to someone on twitch
+HumbleH4ze eyy leggo
+HumbleH4ze *trick2gay
+HumbleH4ze fat
MineNightOwl Gaming fat
MineNightOwl Gaming fat
Most of these guys wouldn't have become billionaires in the first place if they hadn't cheated on their taxes and engaged in various other illegal activities.
Big question is why do some of them get caught and other keep doing it unpunished...
Thanks Captain Obvious!
As stated in the video, many of them went to prison.
I dont really see the problem with cheating taxes, in fact most people don't... when it comes to them cheating taxes.
Bert, I agree, only problem with some rich folk is they get (quite) rich and then begin expanding illegally, want to be happy, check GOD, He blesses and adds no sorrow to it
which god?
Hi what is the font name you used. Thanks
this is why the man that scored 4 touchdowns in a single game for polk high will go down in history of the greatest man that has ever lived.
Let's Rock.
What's the point if we have the whole world in hand and yet loose our soul?
Most likely they lost their souls long before they became rich.
Take Hillary Clinton for example. She has been known to be corrupt since 1974, But none of her scams paid off until 1998 when BJ and Hillary appeared on TV begging for help with their Legal Defense Fund, like 2 Arkansas Televangelist. Now they are Multi-Millionaires with a Pleathora of Scams running all around the World, all running through the Clinton Foundation.
that's a good question !! therefore 1 of this books are real so read ppl ,,,I personally despite whoever answer me negatively ,,just saying ppl how can't u just read the quraan !! just read for on mudle the end the beginning it doesn't matter just read it ,,then ask ur self's ,,,then it's ur call not any1 else just u ! well death will answer the question but our intellect Abd choice defines whats gonna look like for each 1 of us
i counted 21 places where they said to kill all nonbelievers, yay! great religion...
Good question. We should seek for the salvation of our souls first.
All books are real... The bullshit written in them usually isn't. If you think the Q'uran, The Torah or the bible contain the inspired word of a god or a prophet then you are deluded. They are all just mechanisms for creating wealth and obedience and none of their stories have any place in our world. They have all caused untold pain, suffering and misery through centuries and have held back progress across the world
And I get sad when I lose that dollar I have been waiting to spend all week
+Josh Brennan lol so true
hahaha
:| i feel you.
#BernieSanderFanProblems
No more casino for me no gain no lose.
Me after I got married.
Fat
Wow
Sexist!
hahahha lol
+leguan1 what do you mean???
number 6 i am confidant he is not broke. He is still a at least 1/2 a billionaire i am sure. He is smart and filed so he could keep his money
Jhon John Jon Jon Doe that's smart. And that's what Trump did so he'll keep his money. Why do you think he didn't want to show his tax documents. I don't believe these fat cats ever lost their money, maybe some of it, but not all of it. They're probably hiding some of their money.
I have nothing right now .but am soo happy because life is sooo beautiful .
You can't not have nothing, if you're happy and enjoy life so much.
I have $100 in my bank and am not in jail nor in debt. So, am I richer than these men ?
;)
Ambition is the spice of life
There r millions other who r rich and living life more comfortably and happily than urs mona so dont go cold always thrive ro make more money which will keep u happy for a long time
How old are you though,as money is a tool just to help life
Filing for bankruptcy doesn't mean you're broke
in most cases, yes, they are broke
its 100% broke!! its goes administration, liqdation then bankruptcy
no its not, net worth means assets minus liabilities. they would be having many houses.
It just means your incompetent, dishonest, self centered and a thief!
Steve Bumbalo Agree. Filing for bankruptcy doesn't mean BROKE. If it does, then TRUMP is the MOST broke person in the world since he had filed for numerous bankruptcies in the past. It is a good way to hide assets and to not pay debts.
I lost $20 once
RIP 💵👏
lol i had lost 100$ once and found it in the crack of my couch almost a year later :D
I lost a penny one
I lost my dignity once.
+Person yomom weak
if you have over 100 million dollars, just stop
stop and retire
don't be greedy, just live the rest of your life in peace lol
200* and I'll be fine
Morgan Freeman and u don't have a problem with 100?
we talk like this because we don't have any...if u have 100 mil for sure u want more...its basic human nature..
sayid redha of course i'd want more, but money has diminishing returns. what can i buy with 1bil that i cant buy with 100m? a yacht or private jet? shit i'd have more fun living like kim dotcom rather than like trump
but u can get laid on the plane with a celebrity if u have a jet n a lot of money.. dont u want it? 😂😂
Moral of these stories is never marry if you are rich...
Just goes to show the fine line between intelligence and wisdom. . .
I have all the disadvantages required for staying poor my whole life.
lolol
Don't worry im with you
...shitty karma?
lolol God bless you!
I came into this world with nothing, and I still have some left!
Scary how it can all just go! You think it's so much money it will never end
yeah
+RolyUnGashaa true
+Factastic u r everywhere , where ever I go I see ur comment
right
thats what they said
I should be on this list if runescape money counts
LMAO, so true haha been there done that! i wonder hows rs looks right now. hmmm
Lmao, what u spend on?
Runescape!!!ugh miss 2011 of runescape
+J Why 2007 was str8 too
wut
When I used to do pizza delivery if I went to a poor area I would get a tip if I went to a posh area I wouldn't get nothing they would stand there and wait for the 10 pence change
And then the rich people say the poor people don't save money but spend too much lol
Thats how some of them got rich in the first place..
@@CL-mp4vn
Sounds like they are right. If it wasn't for how little waiters are paid here in the US I wouldn't tip either.
)))))))
Moral of the story is don't tip
I would want to be silently wealthy- no one but God and I knowing how much money is in my hands.
same here I wouldn't disclose my income and all that bullshit in the future.
JAchica11 What do you mean or hope
God look like .or do?
JAchica11 Hello chic Greetings then
from the holy spirit in me .Well perharps you
are willing then to chip some into my bnkaccnt
I am 60 years now .only son and three sisters.
I did my utmost to achieve a kind of peace deal
in int. politics but never got some money chiped
into my account.I have a small wellfare based on
salary whar stayed in the company .Harry Knol
Then, the Government must be your God!
Oh sure everybody's gonna know now lol
All this is a result of people being greedy and trying to make more money after they're already billionaires
your foolish they create business and jobs for poor.
better make your self rich and set an example INVY PEOPLE
Gaining that much money I'd donate then move off the grid. Society is toxic.
Perfect.
+3ScRs I totally agree with you.
+3ScRs nobody needs a billion dollars in the first place.. nobody needs 100 million...
+Bobby Manna Where'd you see the word "need" at? You trollin.
3ScRs Im essentially agreeing with you.
Saying nobody needs thats much money you can live beyond comfortably without it and you can do much good with the other majority.. like you said donate it.. to charities etc.. create more schools whatever.
I had a roommate with the biggest heart and smallest pockets but yet he offered every penny to those in need. He also gave 10 percent the the Church of all his little money.
Hi Maria! How’re you doing? That’s so nice of him😊
Now i am worth more than them
With a networth of $10 dollars
well i'm 10x richer then you at $100 lol
@@dragonragevideos4565 lmao I'm at $150
Can u give some loan out of ur massive wealth? 🤑
Gleeful video. Are we coming here to feel better about ourselves?
we will never how many suicides were actually murders
So sadly true.
No used to judge others. WE ARE ALL SELFISH!!! You admit or not! WE ARE !!!!
Know*
I never saw a true Irishman who is a crybaby . It is better to lose all your money than it is to lose your soul. Now that your broke and still breathing , I suggest you start making reparations for all your wrongs before you kick the bucket.
we leave everything, that even includes debts, when we finally close our eyes.
The same story
The tax man and the former wife
Money is described as MAYA or ILLUSION by Yogis, Gurus and Spiritual Leaders and when you watch this video you know why it has been called as ILLUSION. Our mechanical world runs with gasoline and debit/credit cards.
Wouldn't it be great if all greedy billionaires, including those on Wall Street, were imprisoned?
And then all the companies would stop production, economy would collapse, the RUclips you're watching this video on wouldn't work, your cell phone would stop working, no more new computers, no more new cars, no more oil, means no more transport, no more food and supplies, crime increases, and then the physically superior kills the weaker ones and takes their shit. We all go back to the dark ages..
You fucking poor class fool
everything is based in lies even economy?....What a wonderful world!!🐍🎤🎵🎶
How did Warren Buffett survive all types of business climate? Quite a wonder. I think it's discipline that saved him.
Dividend stock investing pays off.
Wow! And I thought I had trouble hanging on to money! Thanks for posting, I feel a lot better about myself now!
I laundered money once. I left it in my pants on wash day.
Roderick Molasar me too.
lolol
Lol....Me too
Haha I had a feeling it was going in this direction.
haha
Eike Batista was once the 6th RICHEST PERSON ON EARTH!. Now he is broke, simply amazing
Corruption
Lucky to be alive, free, roughly healthy and poor
would you love to be my friend, iam touched by your comment. together we can make a good life where we can afford a world tour. I am an IT professional. regards.
When greediness overcomes logic results can be fatal like the above....
"Power corrupts and absolute power absolutely corrupts ".
Jeff Bezos will go from from 140b to 70b in short order.
how rich are the people in the federal reserve?
It's classified and it's privately owned so there is no way to know who and how many people own the federal reserve.
Creepy
One of the main owners of the federal reserve ban, which in fact is a private for profit entity, is the Rothschild family. The Rothschild's are the only trillionares in the world. There are other three families that partner with them. The Rothschild's are the most corrupt and predatory families in the world. Go to utube and you will find the whole story of the federal reserve bank.
+Hugo Bustos Munoz didn't they take out the medicci family as well?
ace boogie ask a rothschild,, he'll know.
I used to date older women who were widowed. They would REALLY take care of me. Sex, money, cars, condos and basically anything I could ever need. It was fun, but then I realized these were women that needed affection and real relationships. I got out before I got too emotionally involved.
Satan Good one
@@julia.2037 Yea. I had to take a REALLY hard look at the situation and even though I could satisfy them physically, I was in no way shape or form a match for them emotionally or intellectually. I admit, I would get attached sometimes, but the hard truth was that they needed more than what I could give. It was mutually fulfilling in most ways.
So, you were a moocher boy-toy!!
This is REALLY an amazing insight any money-growing person should know. No matter the size, it could still vanish into thin air.
Most of them just couldn’t settle for being wealthy...they wanted more, bigger, better....at least 50% were committing fraud or insider dealing or not paying taxes and THATS a large par5 of why they lost everything.
Money are drugs. You gotta want more and more..........
well not Everything Fortunately these Individual are smart enough to keep the rest of their Fortune and Filed for Bankruptcy !!
i welcome you all to the net worth zero club!
porkyV2 😀
How does a oil company goes bankrupt, oil is always in demand.
Bankruptcy is not about market or sells problem only
Their is other causes
Interesting video without being annoying. Straight to the point. Good work!
Yes in USA you have chapter 11. Over in Uk people don’t have that protection but they do have expensive lawyers & accountants
God giveth.. God taketh. Do good.. be good. Acts of kindness will ensure wealth and richness stay.
WEL SAID CHRIS.
Yes I agree with you.....i am a Lawyer is proposal I want to send to you. Give me your email
In the blink of an eye wealth disappears, for it will sprout wings and fly away like an eagle.
PROVERBS 23:5
nickomay30 if u gain it quickly u will lose it even faster
So true!!!!
"Count the pennies. The pounds will look after themselves."
Front image of the video is funny, that guy holding a tissue like he is crying 😂😂😂😂
Never forget the fraud&short cut lies can mek u Loose ur wealth,ur freedom&Trust that people av placed on u..sad but true.
This makes me want to cry,....but I was able to control it. : )
Well done!!! :-)
money can't buy life!! fountain of youth!!!
Yesterday evening I have 500 dollar but today morning i have nothing 0 ( don’t date girls ) :(
If she charged you $500 that wasn't a date, that was a prostitute 🤣
That’s a great opportunity for them to grow spiritually. It’s better to loose all money than to fail on the spiritual path.
I have my doubts that any of these people are truly broke. Lesson Number 1 for rich people is learn how to hide as much of it as possible off-shore and away from the relevant tax agencies. That way when creditors come calling you can claim "Sorry, I'm flat broke."
How can someone be broke when they "are paying hefty sums to the former wife"?
ventende in comparison
YEAH !SOME GREEDY WIFE WANTS DIVORCE TO GET HALF OF THE PIE.
Add Vijay malya in the list
How do you invest 25% of what you have, the investment goes broke, and you're left with nothing?
Lol me screwed himself over with bad decisions, made a bad decision that ended his life and screwed over other people because of it.
I really feel for these people , we lost a multi million pound business which is a lot but losing billions Is even more scary
they file for bankcrupty when having their money offshored. Research discovered wealth was growing in tax havens based in Asia - and mainly in Hong Kong - with offshore accounts held in Switzerland declining since the 2008 financial crisis. Offshore assets in Hong Kong have grown six-fold between 2007 and 2018. 10 percent of world GDP is held in tax havens.
Do you have proof of this?
@@johninokla2635 Do you have business in Hong Kong? lol
None of these people lost "all of their money". Instead of billionares they became mere millionares. Thoughts and prayers.
Video is B.S. Most of these people have stashed most of their money in family trusts where they don't own the money but still control it. That's business.
Welcome to our "neighborhood"....!
Fantastic thumbnail of a mean and devious billionaire crying over spilt milk, like a baby 😂made my day.
THIS VIDEO IS VERY WELL PUT TOGETHER.
And he (Yahushua/Jesus*)said unto them, "Take heed, and beware of covetousness: for a man's life consisteth not in the abundance of the things which he possesseth."
God does not dislike rich people, he dislikes those that covet money. As a matter of fact it is God's plan for you to be rich, because unless you are rich you can not live the life he wants you to live.
Stepped in front of a speeding train. No thought for the train driver,A true reflection of a selfish man.
Im most cases suicide voids the life insurance policy, Beneficiaries even got screwed
It's a bit shit to be judging someone on decisions they made while in such a bad state of mental health they'd be deemed unfit to make decisions and sectioned.
What a sad life we lead. We foolishly believe that money is not everything, and yet what can you do without money? You can't feed yourself. You can't have shelter. You can't get transportation. And no one will take you seriously when you're penniless, no matter how sensible and level-headed and pragmatic you are. It's a sick world indeed.
50% of these 10 billionaire lost money due their illegal activity and caught. Rest 50% lost due to their bad decision and market scenario.
I'm living a comfortable life with my $1500 a week paying job
sounds good to me, what's your job?
@@clevergamer6704 Nothing fancy just a forklift driver But it pays the bills
@@88kingjack82 No worries mate, I'm a window cleaner lol. tbh any jobs that cover all your bills and give you plenty more is a good job. Unless it impact you negatively
@@clevergamer6704 Nothing wrong with that & yes totally agree with you 💯
$1500 A WEEK!😮 Some ppl don't make that a month.📆
who stole their money?...may be in hidden in another country
number one should of had been Pablo Escobar one of if not the richest men alive then all went down
Right!!!
3:54 "Secretaries & Exchange Commission" OMG! Mr Nothing No-one talking out of his depth.
Billionaires who lose "all their money" on this list still have many many millions... Don't feel sorry for them, they're still richer than 99.99% of people
The takeaway lesson: Don't get fucking married.
Do not marry an American
Don't marry in general
These guys are still more rich than what we'll ever be even tho they're broke, no need to feel bad for them.
Talk for yourself. Poor people mindset.
If they never donated to charities I’m glad they lost it all, but if they did I hope they are successful again.