Author: Tianliang
Can you believe it?
is such a fat and big-eared "greasy man" who can stir up Wall Street and half Hollywood ?
He has been in love with Hilton's daughter Paris and supermodel Miranda Kerr , and he also spent huge sums of money to propose to the singer Elva Hsiao.
His birthday party was comparable to the Oscars.
Leonardo DiCaprio sang hip-hop music for him, and Britney Spears even took the initiative to get into the birthday cake , just to burst out with a "bang~" and say "surprise" to him.
The Arab prince is his good friend.
Even the famous Goldman Sachs Group (one of the oldest and largest investment banks in the world) is just a tool for him to make money.
He is the nightmare of Malaysia .
emptied the Malaysian treasury, cheated and Goldman Sachs 50 billion, and disappeared from the world. His whereabouts are still a mystery.
He is the Chinese tycoon known as the "Fat Wolf of Wall Street"-Jho Low.
1
Jho Low was born in 1981 to a wealthy businessman family in Malaysia and his ancestral home is Jieyang, Guangdong.
His grandfather Liu Mingda fled to Malaysia from China after World War II and made a fortune in Penang through mining, winemaking and real estate. His father Liu Fuping caught up with the dividends of the Malaysian stock market in the 1990s and made a lot of money.
However, success in business alone was far from satisfying his father's ambition.
htmlAt the age of 116, Low Taek Jho was sent to Harrow School, a top private school in the UK, and then entered the Wharton School of Business at the University of Pennsylvania in the United States.
Most of the students in these two schools come from either rich or noble families, and the little financial resources of Jho Low’s family are not worth mentioning here.
It may be because he has been exposed to it since he was a child. Jho Low himself is very wise.
He knew that his father's purpose for letting him come here was not just to study, but more importantly, to get to know more powerful people and lead the family to jump through circles.
But with his family background alone, how easy is it to win the attention of this group of upper-class heirs?
In order to attract the attention of these big shots, Low Taek Jho never gives up any opportunity to show off his strong financial resources.
He forcibly gave himself the title of "Prince of Malaysia".
Then on his 20th birthday, he invited all the students from the school with prominent family backgrounds and spent 300,000 yuan on a luxurious birthday party.
At the beginning of the new century, 300,000 yuan could buy a house of about 70 square meters in Chaoyang, Beijing, which shows the level of luxury.
As the saying goes, if you are reluctant to let go of your children, you cannot catch the wolf. The appearance of
made many people remember this unknown little fat man. After
, in order to maintain his title of "Prince of Malaysia", Low not only rented luxury cars and hired drivers, but also often organized large parties, spending about US$40,000 on parties every month.
This is equivalent to the annual income of a middle-class family in the United States!
Moreover, his father only sponsored him half, and he had to pay the other half in installments himself.
Even though Low Taek Jho was almost living a life without a meal at this time, he still did not panic. These are just the preparations for realizing a luxurious life in the future.
It feels good to pretend to be X for a while, and it feels good to pretend to be X all the time.
In this way, Low Taek Jho actually got into the upper class society by forcibly portraying himself as a celebrity. Not only did he get to know Riza, the stepson of former Malaysian Prime Minister Najib , but through Riza's relationship, he also met Otaiba, the adviser to the Crown Prince of the United Arab Emirates.
Otaiba manages a national fund.It is specifically responsible for foreign investment to improve the predicament of the UAE's economy being overly dependent on oil.
Low Taek Jho also found that although Otaiba was well aware of political affairs, he knew nothing about the business world.
If you have money but don’t know how to invest, you are playing into the hands of Jho Low.
Therefore, with his sharp tongue, Low successfully deceived Otaiba into a confidant, making him convinced of the broad trading prospects in Southeast Asia.
2
One Riza and one Otaiba allowed Jho Low to successfully unlock his own wealth code.
When he graduated from college, Jho Low learned that Riza's stepfather Najib was running for the next speaker, but his support rate was not high.
So Low Taekjo made a plan and invited Otaiba to meet Najib.
He knows very well that only if Najib is successfully elected can he become a blockbuster. The only way for Najib to be elected is to introduce a large amount of foreign investment into Malaysia, so as to win more votes.
At the same time, Otaiba has also been coveting the Southeast Asian market for a long time. It was just because there was no recommender that I dared not move in.
Therefore, under Jho Low’s guidance, Otaiba decided to spend US$500 million to build the Malaysian Special Economic Zone. Najib also gained more support from voters due to his successful introduction of investment.
The ending can be said to be happy for everyone.
The next step is the bidding process for the construction of the Malaysian Special Economic Zone. Low Taek Jho took the initiative to propose to Najib that he wanted to participate in the construction of the special zone.
Najib benefited from the votes, so naturally he had to sell his face and readily agreed.
But Jho Low doesn’t have that much money at all, and he doesn’t know how to build, so what can he use for development?
Don’t worry, he has plenty of solutions.
Low Taek Jho first registered a short company, and then gave the dry shares to Otaiba, Kuwait and several government officials for free.
With the support of these well-known figures, Jho Low successfully obtained a huge loan from the bank free of charge.
However, after receiving the money, Low Taek Jho did not start the construction of the development zone. Instead,
bought two shell construction companies in one fell swoop. After careful packaging, he packaged the two companies and the land and sold them to Taib, the top tycoon in Malaysia who was not familiar with capital methods.
Over and over again, Low Taek Jho successfully earned 110 million, without leaving any money in the whole process. He can be said to be the most representative figure of the empty-handed white wolf.
He also became famous in this battle.
3
After experiencing this incident, Jho Low completely mastered the code of wealth.
He turned his attention to Goldman Sachs.
Just like last time, Low first hooked up with Goldman Sachs executives, then established a sovereign fund in the name of Goldman Sachs, and then gave the shares to some local dignitaries and dignitaries.
Subsequently, he integrated the resources of his contacts.
successfully lured Najib, who had just taken office as the President of Malaysia, Prince Turki of Saudi Arabia, and Sudanese ruler of Terengganu State (which has rich oil fields and natural gas) to join the company, and established the high-profile "One Horse Company”.
eventually had Goldman Sachs raise bonds for it, package it for listing, and collect money.
In just one month, Low completed a multi-billion dollar joint venture.
Since then, he has also begun a luxurious life of spending money like water.
In 2012, Low took over the entire Apple Daily page to write a love letter to Elva Hsiao. Later, he spent 32 million to rent a private beach and a six-star luxury hotel in , Dubai, , sent diamond rings by helicopter, accompanied by a top orchestra and romantic fireworks show, and solemnly proposed to Elva Hsiao.
Elva Hsiao, who loves young meat, is obviously not interested in the "fat and round" Jho Low.I can only say helplessly in front of the media: I only regard him as my younger brother.
Seeing that Elva Hsiao was out of luck, Low turned around and held a champagne party in Paris for Hilton's daughter Paris.
A night spent on champagne alone cost $17.8 million.
Subsequently, Low spent another 1.29 million to order a heart-shaped diamond ring for supermodel Miranda Kerr and gave her a luxury yacht "Equanimity" worth 250 million US dollars.
finally succeeded in winning her heart.
In addition, he also spent 100 million US dollars to invest in the filming of "The Wolf of Wall Street".
Leonardo DiCaprio didn't get the Oscar, so he spent 600,000 US dollars to buy Marlon Brando 's Oscar-winning trophy and gave it to Leonardo DiCaprio as a 38th birthday gift.
He also gave DiCaprio a pair of Picasso famous paintings worth 3.2 million US dollars.
On weekdays, private jet transfers, super yacht fun, and Hollywood actresses as companions make life a happy one.
4
However, if you often walk by the river, your shoes will not get wet.
Jho Low’s extremely extravagant life attracted the attention of the US police.
U.S. financial regulators soon discovered problems with the bonds sold by Goldman Sachs Group and arrested Goldman Sachs partners who were complicit in it.
But at this time, Goldman Sachs had raised nearly 10 billion US dollars for Jho Low's "1MDB", and the funds were frozen.
After Jho Low received the news, he ran away immediately.
The Malaysian government immediately liquidated the national sovereign fund, only to find that the "treasury" had already been emptied.
The Malaysian government was extremely angry and issued an arrest warrant. Subsequently, Singapore , the United Kingdom, and the United States also began to pursue Low Taek Jho.
With Jho Low being wanted, those once luxurious lives must be returned in full:
The 250 million luxury cruise ship Jho Low purchased in his early years was seized;
Miranda handed over US$8.1 million worth of jewelry, Draw a clear line with Jho Low;
DiCaprio was forced to hand over all the statuettes and Picasso paintings collected by him, and his reputation was affected;
And all the proceeds from "The Wolf of Wall Street", which was illegally invested and filmed by Jho Low, were also confiscated. ;
The bank that helped him launder money was fined or even closed down;
Malaysian Prime Minister Najib was ousted from politics, and his whole family was arrested and under investigation...
In this shocking scam, everyone and Low Te No one who had been implicated was spared.
Although four countries have issued a wanted order, Jho Low is still at large.
Some people said he fled to Shanghai, some said he went to Bangkok , and others said he secretly applied for a passport for St. Kitts and Nevis, which allows him to hide in more than 150 countries.
As for Jho Low’s whereabouts, it is still an unsolved mystery.
It is worth mentioning that Jho Low is very smart.
was cleverly used in the wrong place, which caused this disaster.
people, after all, have to take the right path in order to enjoy the pleasure of money in a down-to-earth manner.
Otherwise, in the end, it will be nothing more than a dream!
—END—
