I'd say no. One example that instantly strikes a chord when it comes to reversing the karma is Steve Jobs. Despite all the wealth, fame and fortune, lets look back at what he was.
These are quotes from Commencement address by Steve Jobs, CEO of Apple Computer and of Pixar Animation Studios, delivered on June 12, 2005. You can read the whole speech here. It is a must read for any individual who wants motivation.
...My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: "We have an unexpected baby boy; do you want him?" They said: "Of course." My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college.The life of Steve Jobs is something that we can learn from. There are circumstances when we can't control the events of our life and that makes it necessary to keep persistence and a positive outlook. At these junctures it is also necessary not to loose faith in God, because when we are alone the only source of hope is god. Despite all efforts the faith that he will come and help makes the journey through the storm much easier.
...and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out.
...About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn't even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable...Later that evening I had a biopsy, ... the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I'm fine now.