Robert Bull, the owner of beleaguered caravan giant RoyaleLife that is facing £725 million ($916 million) in debt, was declared bankrupt by an English court on Friday.
It’s a stunning reversal for a man who, just seven months ago, was said to have a wealth of £1.9 billion and was the second-highest ranking new entry in The Sunday Times rich list. Judge Michael Giddins made a bankruptcy order against Bull on Friday in a hearing at County Court in Southampton, England.
