Student or Learner
According to legend in ancient Siam, now Thailand, a king gave a white elephant to someone whom he did not like. From then on he had to feed the elephant. The white elephant was considered holy in ancient times. Having a white elephant cost a great deal, and the elephant did nothing in return. The owner had to provide the elephant with special food and provide access for people who wanted to worship it. The recipient could not get rid of the elephant because it was a gift from the king. The gift would, in most cases, ruin the recipient. Now, “it’s a white elephant” is a common saying. Calling something you have “a white elephant” means “it is .”
① strange and ugly ② costly and useless
③ heavy and strong ④ cheap and practical
Does "ruin someone" mean "economically damage someone" here?
Worse than that: to bankrupt him.