Larry Low On List Of Frozen Swiss Accounts! - EXCLUSIVE
5 Sep 2015
(Reproduced with permission)
Larry’s other son Szen Low is also heavily connected with his brother’s business in his role as Group Managing Director of the family firm Jynwel Capital.
Trail from Good Star Limited
Stellar rise of Jho Low and Larry Low enterprises
“I come from a fairly okay family but nowhere as close to the prominence and wealth levels of the people that I usually spend time with who also are my very good friends. So generally, I am usually the concierge service that arranges everything, and thus my name is all over the place.” [Star online]
“In his younger years, before his cancer scare, Jho Low made headlines as a billionaire party boy. The tabloids gleefully reported on his love of Cristal, bar tabs in the tens of thousands of dollars and wild nights on the town with the likes of Paris Hilton, Kim Kardashian and Usher.
Nowadays the 33-year-old Low, youngest member of the third generation of one of Malaysia’s wealthiest families and head of the family’s investment firm, is making news for a completely different reason: his philanthropic donations.” [Washington Post]
“Like his image. The party animal moniker will probably stick with Low, now 33, thanks to a night spent clubbing with Paris Hilton in Saint-Tropez in 2010. … That year Low and his brother, Szen, set up Hong Kong-registered Jynwel Capital, an advisory firm for the family’s investments. There clearly is a lot of money to invest. Their grandfather Low Meng Tak was born in China, immigrated to Malaysia and then made a fortune mining iron ore and operating liquor distilleries in Thailand. He later added rubber, cocoa and palm oil plantations in Malaysia. He also married into a Thai business fortune. Their dad, Low Hock Peng, or Larry Low, expanded the family’s Asian property holdings to New Zealand, the U.S. and the U.K” [Forbes March 2015]
“My Dad knew Larry’s father and we have known Larry too. They were millionaires, ringgit millionaires, but by no means dollar billionaires in the category of one of the richest families in Malaysia.”For those people who go back with the Lows this sudden story of long-term super-wealth simply is not the case. To them this re-writing of the family history is an attempt to disguise a sudden rise to super-riches linked to the now frozen bank accounts connected to the 1MDB investigation in Switzerland.