Indian-origin billionaire BR Shetty was once counted among the richest people in the world. BR Shetty (File)

There are hundreds if not thousands of riches to rags stories documenting the fall of billionaire tycoons who fell into the oblivion after going bankrupt and losing a significant portion of their wealth. However, the heartbreaking tale of BR Shetty, an Indian-born businessman, who once owned several companies in the United Arab Emirates (UAE), had net worth of over Rs 32,000, and lived a life of prime luxury– is a profound example of how one critical mistake can ruin a man and send him tumbling into the depths of obscurity.

Who is BR Shetty?

Born in a middle-income home in Udupi, Madras Presidency, then British India (now Karnataka, India), on August 1, 1942, Bavaguthu Raghuram

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