I'm not saying its impossible, lord knows its happened. But I know Netjets operation very well, and I can't picture it. They operate more like a major airline that the average 91/135 operator. Their internal controls, plus the technology available in the aircraft, in my opinion would make the not taking off with enough fuel all but an impossibility. A leak in flight could be possible, but I wouldn't expect it. The way they circled away from the airport, seemingly under power, they had to think they would be able to land. Something happened at the point they turned for the highway. If that doorbell camera is to be believed, and I believe it is, something caused a bright flash at that point. Most likely an engine coming from together for some reason. There is also the dash video of the crane operator lifting the tail section, and you can see the underside of the right engine is blackened, but that wasn't where the fire was in the other videos.
Even then, losing one engine on final still shouldn't have caused the aircraft to not make the airport, so something else was going on. Fortunately the crew survived, the aircraft is investigable, and any black box data should be recoverable. The FAA and NTSB probably already have a good idea of the what if not the why. Given there haven't been any emergency ADs, SBs, or alerts put out, it probably is not something fleet wide.