Bungalow Tycoon Owing £725 Million Declared Bankrupt by Court

Robert Bull, the owner of beleaguered caravan giant RoyaleLife that is facing £725 million in debt, was declared bankrupt by an English court in 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. More from BNN Bloomberg.