A fleet of black Cadillac Escalades hums outside Chelsea hot spot Avenue, the A-list watering hole of such celebrities as Justin Timberlake and Lindsay Lohan.
As the car doors open, a dozen men emerge and a bouncer whisks them over the club's threshold, past a group of shivering models behind the velvet rope.
"Who is it?" one of them wonders out loud. "Is it P. Diddy?"
But the man at the center of the entourage isn't a celebrity. He isn't even a mogul. He's Taek Jho Low, a 20-something Wharton grad from Malaysia who has burned through hundreds of thousands of dollars at the city's hottest nightspots in the last three months -- and shows no signs of stopping.
This guy spent like $160,000 in one night at Avenue this September during Fashion Week. Routinely spends between $50,000 and $60,000 at Pink Elephant, bought Lindsay Lohan 23 bottles of Cristal at 1OAK when she was celebrating her 23rd birthday and recently was on yacht with Paris Hilton which rumour said he paid a million dollars to Paris Hilton.
So we all must wondering, who is this Taek Jho Low? How he can be so rich? Is it because he plays Forex? Or joining any MLM business?
I read Forbes magazine since forever, and I never noticed this guy. So I did my own research with helping from Google, and I get to know this 28 years old guy is the third and youngest child in the family of Datuk Larry Low, who founded the engineering company MWE.
In his interviewed with The Star newspaper, he said that he made his first US million when he just merely 20-years old. He studied at The Wharton School of Business, University of Pennsylvania, (guys, this is the same school that Warren Buffet attended!) in the United States.
At the age of 20, he started an investment company called The Wynton Group with US$25mil from family and South-East Asian and Middle Eastern friends. The investment company in which he owns a stake is now worth in excess of US$1bil.
U can read the rest of the interview here.
Well for me, I guess this guy born into affluent family. So he has an advantage in terms of connections with other affluent families. And if they are smart and street wise, they can easily make millions using these links. Use money to make more money.
But with his rate of spending, which I think few millions a week, that’s kind of insane. Coz he is no billionaire, he just handle billionaire funds, hence he can spend like billionaire.
So I would like to give the (biggest) benefit of the doubt to all of his responses to the The Star interview questions mainly because I believe there's a hidden agenda to this so-called interview that takes place just days after his photo (of him partying like no tomorrow) was splashed all over the nation's tabloids, in addition to some of the tabloids in the US.
I particularly found the snapshot of Jho Low along with Paris Hilton and gang to be highly amusing. Adding salt to an already festering wound, I found his replies to The Star interview question (which is 'did he send Cristal champagne to Lindsay Lohan') anything but to the point. He 'rumbled' a lot in his reply to that question but he did NOT answer the question.
So let us just wider our mind and think a little bit out of box and think nastily. Let say we don’t believe in words he said in the interview, and we put the usual story of super rich kid in Malaysia replacing his story.
Such as, he cannot be that smart to be that rich at such young age no matter that some of the group believe that he is smart. He must be someone's proxy. That is how we do business in Malaysia - get the business (u must be close to the corridor of power, get rich) and hide behind a proxy.
According to his official biography, he currently serves as a group adviser of several international corporations and was appointed to the board of UBG Berhad, a financial-services group in Kuala Lumpur, last year.
But when The Post interviewed Malaysian experts at such think tank as the Council on Foreign Relations, no one had ever heard of Low. Well that is weird.
And now here comes the allegation that this Jho Low involve with the proposed redevelopment of the Royal Malaysian Air Force (TUDM) Sungai Besi airbase and secured a RM500 million contract (u can read it here and another scandal that u can read here). Well we never know the truth.
When the first time I read about Jho Low at The Star, I have to say that I admire the achievements he made at a young age of 20 (whilst most of us are struggling to find the money to pay our higher education fees). But after I read more and more, all of this feeling went away bit by bit.
Seriously, if we would like to be real businessmen, maybe we should learn how to do business from people like Warren Buffet, Bill Gates and Steve Jobs. These people got to where they are today without any 'connections'. Yet u don't find them splurging on hopeless cases like no tomorrow!
But now it looks like this Malaysian Warren Buffet (Jho Low) is going to topple the world's richest man in no time from the Forbes List of the world's richest men! Be careful Carlos Slim Helu! Here comes the Taek Jho Low!
This proves our country is very rich. Look at how many billionaires we are producing? And look at how younger and younger they get! Lol!