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Billion Dollar Whale

Billion Dollar Whale

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

The “extraordinary” (Financial Times) instant New York Times bestseller exposing how a “modern Gatsby” swindled over $5 billion with the aid of Goldman Sachs and others–a “must read” (Booklist) tale of finance run amok and “the heist of the century” (Axios).

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. The scandal is known as 1MDB, and the man behind it, Jho Low, is a figure so preposterous he might seem made up.

“An epic tale of white-collar crime on a global scale” (Publishers Weekly, starred review), Billion Dollar Whale reveals how this young social climber pulled off one of the biggest heists in history. Over a half decade, Low siphoned billions from an investment fund–right under the nose of the global financial industry. 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.

Federal agents who helped unravel Bernie Madoff’s Ponzi scheme say the 1MDB affair will become the textbook case of financial fraud in the modern age–and its fallout is already being credited for taking down the prime minister of Malaysia. With his yacht and private jet reportedly seized by authorities and facing money-laundering charges in Malaysia, an Interpol red notice, and an ongoing U.S. Department of Justice Investigation, Low has become an international fugitive.

Billion Dollar Whale will join the ranks of Liar’s Poker, Den of Thieves, and Bad Blood as a classic harrowing parable of the financial world, hubris, and greed.
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Genre: Nonfiction / Business & Economics / Corporate & Business History

On Sale: September 18th 2018

Price: $14.99 / $18.99 (CAD)

Page Count: 400

ISBN-13: 9780316436489

What's Inside

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Reader Reviews

Praise

"What a blast to read! A true life thriller that reads like a Hollywood movie, Billion Dollar Whale traces the exploits of the most mercurial, mysterious big player in history. Jho Low is Gatsby with twice the bank account and ten times the ambition, and the stories surrounding his exploits leap right off the page!"—Ben Mezrich, New York Times bestselling author of The Accidental Billionaires and Bringing Down The House
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"If you like global intrigue, financial crime, wealth porn, and absurdity, Billion Dollar Whale, by Tom Wright and Bradley Hope, is for you.... It almost seems made up. Still, anyone who has followed the news out of Malaysia will know that the story is all too real."—The New Yorker
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"Wright and Hope deliver a scintillating and prodigiously reported tale of a globe-spanning modern Gatsby and his audacious fraud."—Jesse Eisinger, Pulitzer Prize-winning reporter for ProPublica and author of The Chickenshit Club
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"This story of a Wharton graduate who carried out the $5 billion swindle known as 1MDB offers a textbook case of financial fraud in the modern age."—New York Times
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"Even the most skilled fiction writer would have trouble conjuring the corrupt and colorful protagonist of Billion Dollar Whale. Bradley Hope and Tom Wright's gripping portrait of Jho Low and his enablers throughout the global financial system will both fascinate and enrage you."—Sheelah Kolhatkar, staff writer at The New Yorker and New York Times bestselling author of Black Edge
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"The story of a massive international financial scandal... As the authors amply prove, the scandal reaches far beyond Low. To succeed, he relied on the naivete, greed, and generally immoral conduct of huge banks as well as corrupt governments."—Kirkus
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"An amazing tale of greed.... juicy and entertaining."—Library Journal (starred review)
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"Wright and Hope transform their investigation of a mind-boggling financial fraud into a nonfiction thriller... This is an epic tale of white-collar crime on a global scale."—Publishers Weekly (starred review)
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"Well-researched and well-documented.... 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... This is a must-read."—Booklist
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"An extraordinary tale.... richly woven...[with] dogged reporting.... Like all good business stories, Billion Dollar Whale is bigger than the immediate one it tells. It is a story of emerging markets crippled by corruption and cronyism and comes from the era of egregious--and mostly punishment-free--banking.... One thing is clear. If ever Hollywood gets round to telling the story on screen, here is perfect material for the script."—Financial Times
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"Take one chubby Malaysian business school graduate. Mix with Middle Eastern sheikhs and greedy Southeast Asian politicians. Add Wall Street investment banks, law firms and Swiss wealth managers. Then mix in superyachts, five-star hotels, luxury apartments, nightclubs, models, A-list movie stars--and bathtubs of champagne... [This] richly reported page-turner is meticulously pieced together from interviews, documents and emails by Wall Street Journal reporters Tom Wright and Bradley Hope."—Peter Thal Larsen, Reuters
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"Compelling."—Minneapolis Star Tribune
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