Low Taek Jho, the Big Spending Malaysian in New York

Written on November 18, 2009 – 4:11 pm | by pinolobu |

Probably the biggest-spending twentysomething Malaysian now, eyebrows raised due to his doing so in the current economic climate.

Name: Low Taek Jho a.k.a. “J Low” / “Joe Low”

Age: 28

Hometown: Penang

Education: B.Econs (Finance), Wharton School, University of Pennsylvania

Employment: UBG Bhd [listed]. Its annual report in 2008 apparently listed him as group advisor/non-independent non-executive director.
Additional bio: according to the UBG Bhd 2008 report: “… he currently serves as group advisor of several international corporations, involved in global private equity, mergers and acquisitions, buyout, government-togovernment offset structured investments and financing, networking and financial aid, amongst others.” Low’s a rep of Majestic Masterpiece Sdn Bhd & Abu Dhabi-Kuwait-Malaysia Investment Corporation (ADKM), which holds 53% of UBG. Incidentally, UBG’s chairman is Mahmud Abu Bekir Taib (son of the Sarawak CM).

Living it up with celebrities: Mr Low and Usher [source]

Pad: Park Imperial, New York

Ride: Cadillac Escalade

Reported spending sprees (truth?):
- “helping” to run up a USD160K tab at Avenue, but apparently paid for by Hamad Alwazzan, a Kuwaiti friend
- flying over a group of Pink Elephant waitresses to Malaysia
- sending 23 bottles of Cristal to Lindsay Lohan at 10AK
- recently bought at least 6 exclusive memberships totalling USD300K at “an upscale club in Midtown”
- always surrounds himself with models
- this month celebrated his 28th birthday at Ceasar’s Palace, Las Vegas:
(i) Megan Fox specially flown in to party with him
(ii) Usher and Paris Hilton also attended
(iii) hotel pool had encircled by caged lions and tigers, filled to the brim with bikini-clad girls
(iv) bought 120 bottles of Cristal to give away to partygoers
(v) received a red sports car from Jamie Foxx as a present

Spokesman: David Tan

He might be checking out hawaii hotel deals right now for his next escapade.

Source
anilnetto.com

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  2. Jul 30, 2010: Low Taek Jho, the Big Spending Malaysian in New York (Part 2) | Money Talks - it's not everything, but everything is money

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