Remember Jho Low? Yes, apart from Paris Hilton, whizz-kid Jho is also very close to Prime Minister Najib Razak's wife Rosmah Mansor. In fact, the 29-year old Penang boy has just bought a super-luxury penthouse in New York at a sky-high price that has set tongues wagging amongst the property agents there.
Incidentally, the condo is just a 10-minute walk from Rosmah's favourite jewelry retailer Jacob & Co, from whom she has been reported to have bought a RM24.4 million ($8 million) 'natural fancy blue-gray cushion-cut' diamond ring'.
And in case Rosmah, who is not known to be fond of exercise, prefers to be driven, Jacob & Co at 48, East 57th Street is just a 3-minute whizz away by stretch limousine.
Business ties
Jho is also connected in some way - directly or indirectly - with several very important investment and financial entities.
These include Najib's prized RM15 billion 1Malaysia Development Berhad, the RM10 billion Terengganu Investment Authority, UBG which is the former banking arm of Sarawak Chief Minister Taib Mahmud's family business, as well as the oil-rich Mid-East firm PetroSaudi.
No, this is not a business article to unravel the amount of filth contained within the dealings of this nest of firms. Malaysian Opposition Leader Anwar Ibrahim said it best when he described 1MDB as Najib's political "slush fund" to prop up Taib and his cronies.
Some in the financial circles even say the complex paper trail that surrounds the firms' inter-dealings would surely provide an ideal way to launder some of the possibly illicit money that may flow through the network.
Which entity
But back to the immediate story. Just days ago, the New York Post reported that a Malaysian party boy known for spending cash like it's Monopoly money had plunked down $31 million for a plush penthouse in the Time Warner Center - the highest amount ever paid at the luxury site.A corporation linked to Taek Jho Low - who has "whooped it up with Lindsay Lohan, Megan Fox and Paris Hilton" - scored the luxury pad about two weeks ago, sources told NY Post.
Sources involved in the New York deal also confirmed that Low is linked to the entity that purchased the posh pad. A spokesman for Low did not return calls.
So which entity is that? Until Jho himself tells us or the property records formally show, no one will know. However, it is likely to be an entity that falls within that nest of firms that Jho is most known to be connected with.
At more than $6,400 a square foot, New Yorkers are still gawking at the price thrown for the condominium. It is the most anyone has ever paid for a unit at 25 Columbus Circle. The unit in question also has a glamorous background - megastar rapper Jay-Z once lived there.
NY Post reported that a "bevy of beautiful Asian women trailed by American men in suits" toured the glamorous 76th-floor condo several times during the negotiations. Low himself toured the property two years ago, when it was first quietly put on the market.
The 4,825-square-foot condo was owned by Todd Wagner, who co-founded Broadcast.com with Dallas Mavericks owner Mark Cuban. Wagner bought the pad for $27 million in 2007 from real-estate investor Michael Hirtenstein, who had rented the apartment to Jay-Z.
Propensity to spend
And this isn't even Low's first Manhattan trophy property. According to NY Post, last year, Low paid a whopping $33 million for a penthouse once owned by Donald Trump at 1 Central Park West.
Nine months after Low bought the condo, he sold it for $30 million -- a stunning $3 million loss.
Before he bought the Central Park West pad, Low was paying $100,000 a month at the Park Imperial, on West 56th Street.
Low was also spending $50,000 a month for members of his entourage to live in other apartments
At the same time, he was throwing away more than $100,000 some nights at city hot spots.
After Low's high-spending ways made headlines, he sank under the radar - until recently.
Along with being spotted in nightclubs, Low has also told members of New York's jet set that he will be in St Tropez to party and spend oodles of money.
Raising prices to replenish the coffers
Tales of such fabulous wealth are hard for everyday Malaysians to grasp.
But so much of money has been lost through corruption - RM888 billion since 2000 - it is not so difficult to see how the "right set" think nothing of throwing $100,000 a night just to party. To them, it may not even be a very large amount at all. Perhaps, only just bearable!
Sarawak Report has also revealed a stunner. Another fabulously rich Malaysian splurged RM14.5 billion on a super-yacht with gold-decorated and platinum-lined walls. RM14.5 billion just for a sea-picnic! Exactly, who is this guy? It would really be interesting to know.
Meanwhile, it is no wonder that Najib's government has predicted bankruptcy for the country by 2019.
Think about it, if the ruling elite are not allowed to raise the prices of consumer essentials, how can they replenish their coffers at the rate they are gobbling up luxury condos and super-yachts?
Wow... I can't bring myself to believe this story but it is in The Daily Mail so I am going with it anyway. According to reports today, an anonymous Malaysian businessman has just bought a luxury yacht for almost five billion U.S. dollars. He reportedly spent $4.8 billion on a megayacht made of platinum and gold, making it the most expensive yacht ever sold. It took three years to complete and is covered in 100,000 kilograms of precious metals, according to The Daily Mail.
The boat, named the "History Supreme", is the work of Stuart Hughes, a British purveyor of high-end luxury items and gadgets including diamond encrusted iPhones and the toy Bugatti Veyron Diamond Limited Edition, which itself is partially made from 24-carat gold, platinum and diamonds. Yup, a $3 million model car... The"History Supreme" project was commissioned for Stuart Hughes of the Liverpool by an anonymous leading Malaysian businessman. This Baia One Hundred (standing for 100") yacht is covered in platinum and gold, from the hull to the anchor, including the deck, rails, and dining area.
The master bedroom is particularly lavish; it's adorned in platinum and has wall art made of meteoric stone and genuine Dinosaur bone from a Tyrannosaurus Rex. And at a whooping £3 billion or $4.8 billion, the "History Supreme" has gone down in history as the most expensive vessel ever built for private use. You can see more details on the boat at Stuarthughes.com if you are interested in one of your own.
So now everyone is asking about this unknown Malaysian billionaire. Here is a list of top 10 billionaires in Malaysia as of 2011, published by Forbes:
Rank Name Net Worth (US$ billions) 1) Robert Kuok 12.5 2) Ananda Krishnan 9.5 3) Lee Kim Hua 6.6 4) Lee Shin Cheng 5.0 5) Quek Leng Chan 4.8 6) Teh Hong Piow 4.7 7) Yeoh Tiong Lay 2.7 8) Syed Mokhtar Al-Bukhary 2.5 9) Vincent Tan 1.25 10) Tiong Hiew King 1.2
We can instantly eliminate the bottom 6 seeing as the person at the number 5 position on the list is only worth $4.8 billion which is what the yacht is valued. We can also eliminate the fourth person seeing as this boat would tie up nearly all his worth. So the buyer must be Robert Kuok, Ananda Krishnan or Lee Kim Hua... Or a secret Malaysian billionaire that Forbes missed this year. But I am thinking Stuart Hughes must have overstated the sale price of this boat. The richest Malaysian person on the Forbes Billionaire List would have to spend nearly 1/3 of his wealth to buy this boat. I don't see that happening... Click on pictures to enlarge.
a banner unfurled at the airport bearing the signatures of “1.2 million Malaysians” backing his leadership. The campaign was initiated by the Malaysian Indian Muslim Congress (Kimma), an associate member of Umno.free sex show for the signatures
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Freshly Waxed Rosma's Pussy Just Waiting
Freshly waxed and seemingly totally oiled up camwhore ready for some action. This girl has some nice nipples and her boobs are on the small side but it would be a travesty if she got implants. Them shinny things are beautiful with all that oil.
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