Brazil's OGX, conglomerate headed by Eike Batista, files for bankruptcy

Brazilian tycoon Eike Batista, who less than 18 months ago owned the world's seventh-largest fortune is now one of the biggest wealth losers in history after his $33 billion fortune faded when his oil company, OGX, failed to produce any oil. Having lost 99 percent of his wealth, Batista's net worth is now just $200 million.. This is a breaking news story.