Rich Man Brazil

Richest Men of the World

Eike Batista (No. 8)

Source: Mining, oil
Citizenship: Brazil

Brazil's richest man is gearing up to take over the world. Making a play for foreign investors, Batista announced this year the opening of an office in New York and his intention to list some of his companies on the London Stock Exchange.

Through his holding company, EBX, Batista controls businesses spanning mining, shipbuilding, energy, logistics, tourism and entertainment. After months of discussions, he was triumphant in February in taking control of Canadian gold outfit Ventana. Two-thirds of his fortune comes from OGX, the oil and gas exploration company he founded in 2007 and took public a year later. He says the company will start producing oil this year. In rare recent setback, his planned IPO for his shipbuilding business (OSX), meant to be the world's largest IPO in 2010, was a disappointment and has had a lukewarm reception in the Brazilian market.

The son of Brazil's revered former mining minister, who presided over mining giant Companhia Vale do Rio Doce, got his start in gold trading and mining. Onetime champion offshore powerboat racer; formerly married to Playboy cover girl. In media interviews he's been warning Carlos Slim Helú that he'll soon take his spot as the world's richest man, but he still has a ways to go.

Richest Man Brazil