Billion Dollar Whale by Tom Wright

Summary

The crazy story of how a relatively average Malaysian (Jho Low) committed fraud to the tune of billions, by taking advantage of global financial markets and used greed to his advantage. His network included Hollywood stars like Leonardo DiCaprio, prime ministers and investment bankers.

Notes

  • The financial system regulation and rules were not up to a high enough standard, nor was the integrity of some of the major players
  • Greed and wealth was enough incentive to allow transactions to go ahead
  • Appearance was everything
  • The Wolf of Wall Street movie was funded by some of the takings
  • A glimpse into the parties and lifestyle of the super rich and famous