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Monday, June 23, 2008

A New Kind of Entrepreneur

Billionaire Eike Batista Keeps SLR McLaren in Rio Living Room: “Eike Batista sits in the boardroom of his mining company, MMX Mineracao e Metalicos SA, overlooking Rio de Janeiro's Sugarloaf Mountain, a vitamin cocktail dripping into his left arm to stave off aging.

The intravenous bag is hanging on the pole of the green, yellow and blue Brazilian flag that stands next to the 51-year-old multibillionaire. Batista's focus isn't on the drip but on a deluge of decisions, including how to seal a $5.5 billion sale of two iron ore mines to London-based Anglo American Plc, according to Paulo Gouvea, an MMX executive who was present that January evening.”

Anybody that keeps and SLR McLaren in their living room is cool.

Seriously though, this guy is one ambitious, hard working, hard-hitting guy and the typical new breed of entrepreneur that are transforming developing economies from Brazil to China.

After these markets have fully corrected and these economies have purged their recent excesses, they will be the opportunity of a life time.

The full story is an interesting read.