Description
By (author) Tom Wright; By (author) Wright Tom; By (author) Hope, Bradley
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A BOOK OF THE YEAR FOR THE FINANCIAL TIMES AND FORTUNE MAGAZINE.
The epic story of how a young social climber from Malaysia pulled off one of the biggest financial heists in history.
In 2015, rumours began circulating that billions of dollars had been stolen from a Malaysian investment fund. The mastermind of the heist was twenty-seven-year-old Jho Low, a serial fabulist from an upper-middle-class Malaysian family, who had carefully built his reputation as a member of the jet-setting elite by arranging and financing elaborate parties for Wall Street bankers, celebrities, and even royalty.
With the aid of Goldman Sachs and others, Low stole billions of dollars, right under the nose of global financial industry watchdogs. He used the money to finance elections, purchase luxury real estate, throw champagne-drenched parties, and bankroll Hollywood films like The Wolf of Wall Street.
Billion Dollar Whale reveals how this silver-tongued con man, a ‘modern Gatsby’, emerged from obscurity to pull off one of the most audacious financial heists the world has ever seen, and how the financial industry let him. It is a classic harrowing parable of hubris and greed in the financial world.
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‘An extraordinary tale … richly woven … with dogged reporting … Like all good business stories, Billion Dollar Whale is bigger than the immediate one it tells. It is a story of emerging markets crippled by corruption and cronyism and comes from the era of egregious — and mostly punishment-free — banking … One thing is clear. If ever Hollywood gets round to telling the story on screen, here is perfect material for the script.’
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‘If you like global intrigue, financial crime, wealth porn, and absurdity, Billion Dollar Whale, by Tom Wright and Bradley Hope, is for you … It almost seems made up. Still, anyone who has followed the news out of Malaysia will know that the story is all too real.’
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‘As Bad Blood is to biotech, Billion Dollar Whale is to international finance … a wonderful read … Thrilling.’
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‘An impeccably researched book.’
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‘One of the best business books in a long time.’
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‘What a blast to read! A true life thriller that reads like a Hollywood movie, Billion Dollar Whale traces the exploits of the most mercurial, mysterious big player in history. Jho Low is Gatsby with twice the bank account and ten times the ambition, and the stories surrounding his exploits leap right off the page!’
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‘I couldn’t put it down.’
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‘One of the most important books of 2018.’
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‘Wright and Hope deliver a scintillating and prodigiously reported tale of a globe-spanning modern Gatsby and his audacious fraud.’
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‘This story of a Wharton graduate who carried out the $5 billion swindle known as 1MDB offers a textbook case of financial fraud in the modern age.’
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‘A rip-roaring case in kleptocracy.’
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‘An incredible story … If you need some billionaires to despise—look no further than these charlatans.’
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‘Even the most skilled fiction writer would have trouble conjuring the corrupt and colorful protagonist of Billion Dollar Whale. Bradley Hope and Tom Wright”s gripping portrait of Jho Low and his enablers throughout the global financial system will both fascinate and enrage you.’
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‘The story of a massive international financ
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