Mar 23, 2018 08:19 AM IST | Source: Moneycontrol.com

From riches to rags: These billionaires have lost all their money

Here are the world's top 10 billionaires who lost all their risches.

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Who: Eike Batista | Chairman, EBX Group | Peak value: Rs 2,28,357 crore | Has a negative net worth as of Rs 6,500 crore as of 2014 (Picture: Reuters)
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Who: Eike Batista | Chairman, EBX Group | Peak value: Rs 2,28,357 crore | Has a negative net worth as of Rs 6,500 crore as of 2014 (Picture: Reuters)
Who: Bernard Madoff | Stockbroker | Peak value: Rs 1,10,849 crore | Madoff and his wife has a net worth Rs 839 crore as of 2009 | Madoff's assets were forfeited after he admitted to run a ponzi scheme estimated Rs 4,21,494 crore (Image: Reuters)
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Who: Bernard Madoff | Stockbroker | Peak value: Rs 1,10,849 crore | Madoff and his wife has a net worth Rs 839 crore as of 2009 | Madoff's assets were forfeited after he admitted to run a ponzi scheme estimated Rs 4,21,494 crore (Image: Reuters)
Who: Patricia Kluge | Entrepreneur | Peak value: Rs 42,387 crore | Kluge has a negative net worth of Rs 2,92,231 crore as of 2011 | Kluge filed for bankruptcy after she racked up millions in debts due to bad investments (Picture: Charlottesville UnCorked)
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Who: Patricia Kluge | Entrepreneur | Peak value: Rs 42,387 crore | Kluge has a negative net worth of Rs 2,92,231 crore as of 2011 | Kluge filed for bankruptcy after she racked up millions in debts due to bad investments (Picture: Charlottesville UnCorked)
Who: Elizabeth Holmes | CEO, Theranos | Peak value: Rs 29,349 crore | In 2015, Forbes revised her net value to nothing | Holmes lost all her money due to allegations of fraud and lawsuits against her company, Theranos, that claimed to revolutionize medical testing with inexpensive blood tests (Image: Reuters)
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Who: Elizabeth Holmes | CEO, Theranos | Peak value: Rs 29,349 crore | In 2015, Forbes revised her net value to nothing | Holmes lost all her money due to allegations of fraud and lawsuits against her company, Theranos, that claimed to revolutionize medical testing with inexpensive blood tests (Image: Reuters)
Who: Aubrey McClendon | CEO, American Energy Partners | Peak value: Rs 19,581 crore | McClendon had a net worth of a paltry Rs 3,254 at the time of his passing in 2016 | A federal jury had indicted McClendon on charges of conspiring to rig bids for the purchase of oil and natural gas leases in northwest Oklahoma (Image: Reuters)
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Who: Aubrey McClendon | CEO, American Energy Partners | Peak value: Rs 19,581 crore | McClendon had a net worth of a paltry Rs 3,254 at the time of his passing in 2016 | A federal jury had indicted McClendon on charges of conspiring to rig bids for the purchase of oil and natural gas leases in northwest Oklahoma (Image: Reuters)
Who: Allen Stanford | CEO, Stanford Financial Group | Peak value: Rs 13,060 crore | His present net worth is unavailable | Stanford lost his money to pay Rs 38,394 crore as penalty after being convicted for running a Ponzi scheme and fraud (Image: Reuters)
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Who: Allen Stanford | CEO, Stanford Financial Group | Peak value: Rs 13,060 crore | His present net worth is unavailable | Stanford lost his money to pay Rs 38,394 crore as penalty after being convicted for running a Ponzi scheme and fraud (Image: Reuters)

Who: Vincent Kennedy McMahon | CEO of WWE | Peak value: Rs 11,685 crore | McMahon has a net worth of Rs 4,883 crore as of 2014 | The WWE CEO lost more than 30 percent of his fortune in one business deal (Image: Reuters)
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Who: Vincent Kennedy McMahon | CEO of WWE | Peak value: Rs 11,685 crore | McMahon has a net worth of Rs 4,883 crore as of 2014 | The WWE CEO lost more than 30 percent of his fortune in one business deal (Image: Reuters)
Who: Björgólfur Guðmundsson | Former owner, West Ham United FC | Peak value: Rs 7,182 crore | In 2008, Forbes revalued his net worth to nothing | Guðmundsson was declared bankrupt by the Icelandic courts with debts of almost Rs 6,25,128 crore (Image: www.rankred.com)
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Who: Björgólfur Guðmundsson | Former owner, West Ham United FC | Peak value: Rs 7,182 crore | In 2008, Forbes revalued his net worth to nothing | Guðmundsson was declared bankrupt by the Icelandic courts with debts of almost Rs 6,25,128 crore (Image: www.rankred.com)
Alberto Vilar | Investment Banker | Peak value: Rs 6,194 crore | Vilar's present net worth is unavailable | In 2008, Vilar was convicted for money laundering, investment advisor fraud, securities fraud, mail and wire fraud (Image: Reuters)
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Alberto Vilar | Investment Banker | Peak value: Rs 6,194 crore | Vilar's present net worth is unavailable | In 2008, Vilar was convicted for money laundering, investment advisor fraud, securities fraud, mail and wire fraud (Image: Reuters)