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Supercar-loving bungalow billionaire 'is bankrupt owing £725million' - six months after he boasted of his £1.9billion wealth at £10m mansion he shares with stunning fiancée

Related Topics: Robert Bull

A British businessman who was one of the UK's richest people has reportedly gone bankrupt with debts totalling £725million - just six months after boasting of his wealth at the £10million mansion he shares with his fiancée.

Entrepreneur Bob Bull, who recently ranked 88th in the Sunday Times Rich List, had his wealth estimated at close to £2billion when he showed a journalist round his home, complete with a bowling alley and a £4million collection of 12 supercars.

The 46-year-old made his fortune by transforming static caravan parks into bungalow villages.

But lawyers in a bankruptcy petition against Mr Bull said his 'claims to be very wealthy were wrong', Bloomberg reports.