12 Bonkers Ways Massive Fortunes Were Lost

Welcome to our list of the 12 bonkers ways massive fortunes were lost. From Elizabeth Holmes' Theranos to Ross Perot's E.D.S., this list will take you through some of the most outrageous stories of financial ruin.

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We've compiled a list of the most outrageous financial losses in history, from Eike Batista's $33 billion drop to Elon Musk's record-breaking $182 billion loss. From the silver-tongued Hunt brothers to Ted Turner's gamble, we'll show you how some of the wealthiest people in the world have lost billions of dollars in a single night. We'll also explore the stories of Michael Carroll, a 19-year-old garbage collector who won the lottery and spent it all, and Nicolas Cage, the master of impulse buying.

So, if you're curious about how some of the world's wealthiest people have lost their fortunes, then you've come to the right place. We hope you enjoy this list of 12 bonkers ways massive fortunes were lost.