REUTERS/Ricardo Moraes
Of course, as he fundraises he still has to deal with his ongoing insider trading trial - one of the more personally disastrous results of the collapse of his multibillion dollar commodities empire, EBX.
And of course, he has to deal with being a "negative millionaire;" owing money to investors all over the world from Abu Dhabi's sovereign wealth fund, Mubadala, and PIMCO; having his assets (luxury cars, boats, planes) seized; and knowing that he blew being the 7th richest man in the world back in 2012 when the oil fields he promised investors would produce turned out to be almost-dry.
That's basically the moment he was set to lose $34 billion - his personal fortune.
It's not a wonder Batista is out raising money again as his companies go through bankruptcy and, in some cases, are sold off for parts. He built his empire out of a $5 million Amazonian mining company - he's always sold his ideas and businesses. Unfortunately, the Brazil he managed to accomplish that feat in is a very different place now. The country's GDP grew by only 0.1% last year, and the entire government is currently caught in the throws of a massive graft scandal stemming from illegal activity in quasi-state oil company, Petrobras.
The quickly growing commodities kingdom in which Batista was a superstar businessman/speed boat racer (his favorite hobby) is no more.
That said, a Wall Streeter once told Business Insider that Batista is the greatest Power Point presenter in the history of finance.
But we're pretty sure that was shade.