Over leveraging brought down many people including this tycoon who was once 4th wealthiest in Asia.

The rich will always get richer? Not all the time, especially when they over leverage in good times. This tycoon was once the 4th richest in Asia, but he is now fending off creditors. It is true that leveraging helps with wealth growth. But even careful leveraging can hurt when a downturn happens and you are cash strapped. We often read successful stories of how people grew their wealth. This is one painful story that should warn us about over leveraging.