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Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World
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Published:
Hachette Audio 2018
Status:
Available from OverDrive
Description
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.
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Format:
OverDrive MP3 Audiobook, OverDrive Listen
Edition:
Unabridged
Street Date:
09/18/2018
Language:
English
ISBN:
9781478948001
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Citations
APA Citation (style guide)

Bradley Hope. (2018). Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World. Unabridged Hachette Audio.

Chicago / Turabian - Author Date Citation (style guide)

Bradley Hope. 2018. Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World. Hachette Audio.

Chicago / Turabian - Humanities Citation (style guide)

Bradley Hope, Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World. Hachette Audio, 2018.

MLA Citation (style guide)

Bradley Hope. Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World. Unabridged Hachette Audio, 2018.

Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Needs Update?:
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Date Added:
Sep 14, 2018 10:21:18
Date Updated:
Aug 16, 2023 20:34:01
Last Metadata Check:
Apr 21, 2024 12:26:21
Last Metadata Change:
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Last Availability Check:
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Last Availability Change:
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Last Grouped Work Modification Time:
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Billion Dollar Whale
fullDescription
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.
reviews
      • premium: True
      • source: Publisher's Weekly
      • content:

        Starred review from July 16, 2018
        Wall Street Journal correspondents Wright and Hope transform their investigation of a mind-boggling financial fraud into a nonfiction thriller tracking the rise and fall of Jho Low, the “alleged mastermind of a multi-billion-dollar scam.” In 2003, Low convinced an adviser to the rulers of the United Arab Emirates that he could broker deals between Middle Eastern and Southeast Asian governments. He then parlayed that connection into a relationship with a Goldman Sachs banker, who helped set up a Malaysian sovereign wealth fund in 2009, which was overseen by Najib Razak, the prime minister of Malaysia and Low’s family friend. The authors contend that Razak turned a blind eye while Low siphoned billions of dollars from the state fund into a “byzantine labyrinth of bank accounts, offshore companies, and other complex financial structures.” Low, still a fugitive, used the stolen loot to “build a Hollywood production company, commission one of the world’s grandest yachts, and throw wildly decadent parties around the globe.” The authors explain how lax oversight enabled Low to carry out such a scheme. Complete with an epigraph from Jordan Belfort of Wolf of Wall Street fame, this is an epic tale of white-collar crime on a global scale.

      • premium: True
      • source: AudioFile Magazine
      • content: If absolute power corrupts absolutely, then what of the seductive power of money? This compelling audiobook tells a tale we've heard before: In 2009, a creative genius named Jho Low uses his abilities and position to steal billions of dollars from investment funds that are supposed to be built to repel such efforts. Narrator Will Collyer has an expressive, spirited voice that propels this unlikely story forward and animates the author's words. Collyer reads confidently, pauses for effect, and verbally winks when necessary. He doesn't create characters but makes it clear when there's a quote and changes his pitch to punctuate emotions. The result is a cracking story told well and narrated with professional assurance. R.I.G. © AudioFile 2018, Portland, Maine
      • premium: True
      • source: Library Journal
      • content:

        August 1, 2018

        Wall Street Journal reporters Wright and Hope tell an amazing tale of greed and sovereign corruption. Expanding on their investigative series into Malaysia's investment fund, 1MDB, the authors portray a toxic brew of Hollywood elites for sale, Wall Street, investment banks, and foreign politicians, all willing to look the other way in return for a payout. The book spans the period 1999-2018 and takes readers onto yachts and into private clubs and elite banks. Groomed by their roguish father, the Low children learned how to use offshore bank accounts to divert money. At the University of Pennsylvania's Wharton School, son Jho Low understood finance, partying, and networking. His connections paid off as he aspired to become a billionaire using other people's money. Thanks to his relationship with the stepson of Malaysia's Prime Minister, he latched on to its investment fund, going on a multibillion-dollar spending spree of art, jewels, a yacht, and lavish homes. The book details how the movie The Wolf of Wall Street was financed. When Jordan Belfort, the convicted "wolf," met Low at an extravagant prerelease party, he recognized a fellow con man. VERDICT A juicy and entertaining tale of crime and deception for all collections.--Harry Charles, St. Louis

        Copyright 2018 Library Journal, LLC Used with permission.

      • premium: True
      • source: Booklist
      • content:

        August 1, 2018
        Ever hear of a guy named Jho Low? No? You're not alone. Although the Malaysian man was behind one of the largest financial scams in history, he and the scam itself are virtually unknown?even though he was throwing around money as though he had an unlimited supply of the stuff only a decade or so ago. Written by a pair of Wall Street Journal reporters, this well-researched and well-documented book reveals how Low, who had no credentials apart from a business degree from Wharton, insinuated himself into the Malaysian prime minister's inner circle, came to control hundreds of millions (perhaps billions) of dollars, and attracted celebrity pals from around the world. It reveals how Low used a bag of tricks, including financial fraud, to make himself seem more powerful, more influential, and more successful than he actually was. And it reveals the deep flaws in the Malaysian government that allowed Low to become an unofficial controller of a billion-plus-dollar development fund from which, apparently, he simply stole huge sums of money. For fans of business books about financial misdealings, this is a must-read.(Reprinted with permission of Booklist, copyright 2018, American Library Association.)

      • premium: True
      • source: Kirkus
      • content:

        July 15, 2018
        Wall Street Journal reporters Wright and Hope tell the story of a massive international financial scandal they initially exposed in the newspaper in 2015, reporting that made them finalists for the 2016 Pulitzer Prize.The fraud centers on one man, Malaysian-born Jho Low, who by age 20 had begun figuring out how lies about his own background, combined with careful study of international financial markets, could enrich him. By age 30, Low had fooled even sophisticated international bankers into investing billions of dollars into fraudulent companies he created. Much of the book is set in the United States, where Low attended college, resided part-time, and identified his credulous marks, which included dealmakers at the mammoth Wall Street firm of Goldman Sachs, among many others. Many American readers will not have a solid background in Malaysian affairs; a strength of this account is the authors' explication of how Malaysian culture and politics helped enable Low to carry out his schemes. The "whale" of the title is slang for a high-rolling gambler, an apt description of Low. He did not gamble with his own money, however. Instead, he used billions of dollars raised from corrupt governments and wealthy individual investors to finance his lavish lifestyle, which the authors describe meticulously. The partying included celebrities from around the globe, including Leonardo DiCaprio, Paris Hilton, fashion models, and Kanye West and other hip-hop stars. A major irony documented by the authors was the creation of a movie studio by Low using stolen cash; the studio would produce the movie The Wolf of Wall Street, based on the memoir by financial fraudster Jordan Belfort. Despite all the evidence against him, the question remains: "Will Low ever be brought to justice?"As the authors amply prove, the scandal reaches far beyond Low. To succeed, he relied on the naivet�, greed, and generally immoral conduct of huge banks as well as corrupt governments.

        COPYRIGHT(2018) Kirkus Reviews, ALL RIGHTS RESERVED.

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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...
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      • code: POL064000
      • description: Political Science / Corruption & Misconduct
      • code: TRU005000
      • description: True Crime / White Collar Crime