Billions to Bust and Back: How I made, lost and rebuilt a by Thor Bjorgolfsson PDF
By Thor Bjorgolfsson
Thor Bjorgolfsson is a self-styled event capitalist with an habit to debt and an insatiable urge for food for enterprise bargains who grew to become Iceland's first billionaire. After 10 years developing his monetary empire with alco-pops and beer within the lawless 'Wild East' of newly-capitalist Russia within the Nineteen Nineties, he moved directly to merging, floating, spinning off and privatising companies from Finland to Sweden, Poland, Bulgaria, Serbia, Greece and the Czech Republic. On his fortieth birthday, and price $3.5 billion, he used to be sitting on best of the area; in basic terms 250 humans in it have been richer than him. His so much brilliant triumph used to be the takeover of Iceland's second-largest financial institution, Landsbanki - he had anticipated his investment's worth to double or treble in 4 years, and as an alternative it rose ten-fold.
But while monetary meltdown hit Iceland in October 2008, Landsbanki crashed and burned, taking Bjorgolfsson with it. inside of year he had misplaced 3.3 billion euros - 98.5% of his wealth - and was once handled as a scapegoat in his local nation for supposedly bringing in regards to the catastrophe. confronted with appalling bills, Bjorgolfsson has made stable on his can provide to pay off his collectors, and on the age of forty seven is now a billionaire as soon as again.