Kanye West and Pharell performed for guests. Low later financed Red Granite, the film company that produced “The Wolf Of Wall Street.” In 2011, the company introduced itself at the Cannes Film Festival by throwing one of Low’s usual bashes.Ĭelebrities in attendance included DiCaprio, Bradley Cooper, and Jamie Foxx. These bottles were later poured by Low and his entourage, which now included Hilton.įor her 29th birthday in Las Vegas, Low gave Hilton $250,000 in gambling chips and gifted her a Cartier watch. A year later, he rented Paul Allen’s superyacht and spent millions on champagne. According to the book, she told friends she got paid $100,000 per event. Still in love with Paris Hilton, Low contacted her manager in 2009 to see if he could pay her to attend his parties. Highlights included running up a $160,000 tab at New York City’s The Avenue, and sending 23 bottles of Cristal champagne to Lindsay Lohan’s table at 1Oak. In “ Billion Dollar Whale“, a book about Low, the authors write that he spent $85 million on parties between October 2009 and June 2010. Expenses for parties went up to six figures as he paid celebrities like Megan Fox, Paris Hilton, and Leonardo DiCaprio to attend, according to the New York Post. This initial amount was nothing compared to the more significant sums that came after, giving him access to unlimited wealth. He took control of the fund and siphoned $700 million to himself. He learned how to set up shell companies and moved large sums of money around, according to prosecutors.Īs the new prime minister looked for ways to fund his government, Low came up with the idea of creating a sovereign wealth fund, and 1MDB was born. Three years later, Najib Razak became prime minister, and Low reinvented himself, becoming the alleged mastermind behind offshore financing. This connection gave Low status, giving him access to Malaysian banks that lent him billions of dollars. ![]() While this plan didn’t work out as he had hoped, he was able to connect Malaysian deputy prime minister Najib Razak with Mubadala Development, an investment fund. A post shared by Paris Hilton college, he returned home with hopes of working for the network he built at Wharton, helping them with investment deals.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |