Batista made and lost his fortune in mining, oil and gas exploration.
He was accused of market manipulation and using privileged information to make a profit of about million through the sale of company stock in September 2014.
After spending his early childhood in Brazil, Batista gained his , before returning to Brazil.
In 2013, Mr Batista lost 99 per cent of his estimated net wealth of £25bn when his six-company commodities empire, which included offshore gas and oil exploration, and gold and iron ore mining, went bust, defaulting on the largest corporate debt in the history of Latin America.
But Mr Batista, who admits to being highly superstitious and using psychics in the past to guide his businesses, believes he will make a comeback.
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