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Billion Dollar Whale - Bradley Hope (Paperback)

The Man Who Fooled Wall Street, Hollywood, and the World

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Product Details

Barcode
9780316436472
Department
Books
Released
22 Oct 2019
Supply Source
USA

Book

Authors
Bradley Hope
Tom Wright
Subtitle
The Man Who Fooled Wall Street, Hollywood, and the World
Binding
Paperback
Publisher
Hachette Books
Language
English
Number of Pages
400

Annotation

  • Two Pulitzer-finalist Wall Street Journal reporters document the true story of how a young social climber orchestrated one of history's biggest financial heists, exposing the secret nexus of elite wealth, banking, Hollywood and politics. 75,000 first printing.
  • "What does it take to steal $5 billion? In 2009, with the dust yet to settle on the financial crisis, a mild-mannered Wharton grad set in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. His name is Jho Low, a man whose behavior was so preposterous he might seem made up. If Jho Low appeared shy on the surface, behind the scenes he was a big-talking, social-climbing huckster. Barely out of college, Low persuaded the prime minister of Malaysia, Najib Razak, to create an investment fund, known as 1MDB. Directing it from the shadows, Low raised more than $10 billion with the aid of Goldman Sachs and others, and over the next half decade siphoned off billions--money usedto finance elections; to purchase luxury real estate; to produce Hollywood films, including The Wolf of Wall Street; and to throw champagne-drenched parties around the world. Low's largesse put him at the center of a world that included celebrities like Leonardo DiCaprio and Jamie Foxx, supermodels like Miranda Kerr, and even a major donor to President Obama. More staggering still, no one seemed to notice--not the global banks, who seemingly turned a blind eye to shady transfers of hundreds of millions of dollars, nor the official financial-system watchdogs. Tom Wright and Bradley Hope, award-winning Wall Street Journal reporters, have broken dozens of stories about the 1MDB affair. Now, for the first time, they reveal the complete inside story of one ofthe biggest financial heists in history. Billion Dollar Whale will join the ranks of Liar's Poker and Den of Thieves as a classic, harrowing parable of the financial world, hubris, and greed."--Jacket.

Summary

Named a Best Book of 2018 by the Financial Times and Fortune, this "thrilling" (Bill Gates) New York Times bestseller exposes how a "modern Gatsby" swindled over $5 billion with the aid of Goldman Sachs in "the heist of the century" (Axios).

Now a #1 international bestseller, Billion Dollar Whale is "an epic tale of white-collar crime on a global scale" (Publishers Weekly), revealing how a young social climber from Malaysia pulled off one of the biggest heists in history.

In 2009, a chubby, mild-mannered graduate of the University of Pennsylvania's Wharton School of Business named Jho Low set in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. Over a decade, Low, with the aid of Goldman Sachs and others, siphoned billions of dollars from an investment fund--right under the nose of global financial industry watchdogs. Low used the money to finance elections, purchase luxury real estate, throw champagne-drenched parties, and even to finance Hollywood films like The Wolf of Wall Street.

By early 2019, with his yacht and private jet reportedly seized by authorities and facing criminal charges in Malaysia and in the United States, Low had become an international fugitive, even as the U.S. Department of Justice continued its investigation.

Billion Dollar Whale has joined the ranks of Liar's Poker, Den of Thieves, and Bad Blood as a classic harrowing parable of hubris and greed in the financial world.

Non-Fiction

General Subject
Business/Economics
BISAC Subject 1
Business & Economics / Corporate & Business History
BISAC Subject 3
True Crime / White Collar Crime
Dewey Classification
338