9 Times Billionaires Went Terribly Wrong
Although you think that billionaires don’t make mistakes as you do, I suppose you might be wrong. Their decision making as well as any other thing, may simply go wrong and cost billions. They can be more fragile than you sometimes as well. These 09 examples will clarify that is a fact for you.
Henry T. Nicholas, III
Henry Thompson, or Nick III, is a billionaire who has earned his name as the Broadcom Corporation co-founder. No one would have thought that his image would collapse in a few seconds until he got arrested due to drug trafficking. The former president of the Broadcom Corporation had got several accusations such as drug possession and trafficking charges in connection, and they had led him to be arrested as well. He had been in a hotel room with a woman, Ashley Fargo, and police had found him along with Marijuana. Although this incident took place back in 2018, and he was not charged, he is still recovering from it.
Farouk Abdulhak
The Justice comes today, tomorrow, or someday. The same thing has come to the attention of Farouk Abdulhak, the Billionaire who fled to Yemen after the death of Martine Vik Magnussen. Twenty-three-year-old Martine Vik Magnussen was a student found dead in a basement in Great Portland Street, Westminster, central London. She had gone on a night out with her friends, and the terrible incident had happened. In 2022, Police caught a woman who had assisted the prime suspect in committing the crime. After that, Farouk has got to appear in front of the Justice and got the call. Although he is a billionaire, he has got lots of things wrong as it seems.
Justin Murdock
Although it is about a billionaire or a typical citizen, women are going to be a major weak point. That has affected Justin Murdock, the Billionaire who is the heir to the Dole Food company. He is famous as a playboy, and this time, he has hit his girlfriend right onto her face. Talia Skye, 24, the victim, has charged him with assaulting. After being arrested, Justin has happened to bail out for $50,000.
Robert Durst
Being the heir to a billion-worth business doesn’t make a good investor. The best example is Robert Durst, who got the ownership of billions worth of Real Estate businesses. He was accused of several crimes, such as the Disappearance of Kathleen McCormack Durst, the Murder of Susan Berman, and the Killing and dismemberment of Morris Black. According to underground news, Murdock has been a crime-committing person who has done hundreds of crimes which he mitigated through his money power. However, his damaged reputation as a billionaire, the fear the high society had of him, and his sins was not recoverable. Although he died this year, he doesn’t deserve a sorry for his afterlife, according to the majority of people who knew him.
Detained Yacht
Although social media and news services have become more common at present, the money seems to be above all them. The recent example of a Super Yacht owned by a billionaire is such a thing. Although the Billionaire’s name is not revealed, his Yacht has been detained in U.K. waters. The vessel, known as Phi, is in the custody of NCA. The most important thing about the Detained Yacht is that the Billionaire has not done anything to happen this but is a Russian Billionaire. The incident took place while Russia and Ukraine were in the middle of a war.
Mikhail Fridman
The 13.1B USD worth of assets and incomes owned by billionaire Mikhail Fridman is a person who got to face the bad luck of being a billionaire in Russia. The Billionaire got sanctions for his assets and funds in European countries while the Russian and Ukrainian war was going on. He had to step down as the major shareholding from Luxembourg holding company to promote the low demanding business. Being a Russian, he could earn several billion, which made him almost become bankrupt this year. As news comes in, he has started to fight back through layered investing.
Benny Steinmetz
It is a known thing that corruption can’t take a person into being a billionaire. But, that has been a lie with the Israeli Billionaire, Israeli billionaire Benny Steinmetz. He is known as the modern diamond Magnet as well. Last year, A Swiss court ordered Benny a sentence of 05 years in prison due to money corruption. After ignoring the court order, there was an international warrant against the person, which made him get arrested in Athens. Although he has got freed, things seem to be getting worse.
Roman Abramovich
The Billionaire, who has a net worth of $5.1B, is on the list that made of Billionaire who has made one big mistake, being a Russian Businessman. The countries U.K., EU, Canada, Australia, and Switzerland have raised sanctions angst him as he was closer personal to Putin’s rule. He lost $5 billion in May 2022 due to a deal made with an American business which was sanctioned later.
Trevor Milton
Trevor is the founder of the millions-worth business, Nikola. He had come a long way since the beginning and had been careful not to make a mistake during the whole time. According to the latest news, it seems he has made mistakes, and he has to pay for that. The law had accused him of frauding as the suspicion had come into him through several ways. The charge made by a U.S. Manhattan court was a crucial one as he had no way to deny them. The court had accused him of two counts of securities fraud and one count of wire fraud, making him the sole criminal. Although he pleaded guilty, it will not go according to in his favor.
So, to sum it up
This article has explained that 9 Times Billionaires Went Terribly Wrong. Although you might have the idea that billionaires don’t make mistakes as well as crimes, you must have changed the idea already. The most important thing is the luck they need to have. As same as they want the luck to become billionaires, they must have the luck to remain billionaires.
