Who’s the Malaysian millionaire partying with Paris Hilton?

By Angela Lim – July 29th, 2010

Everyone’s sitting up and taking notice of a mysterious, 28-year-old Malaysian millionaire who’s been living it up and rubbing shoulders with the likes of Paris Hilton, Usher, Lindsay Lohan and Megan Fox.

Little is known about the ”international man of mystery” except that his name is Taek Jho Low.

He made his first million at the tender age of 20 and he’s currently a  “group adviser” at UBG Berhad, which describes itself a “financial services group” on its website.

The chubby, bespectacled graduate of the prestigious Wharton School has been making headlines for racking up staggering bills at exclusive nightspots with his accompanying fleet of black Cadillac Escalades.

His big-spending ways have made him the talk of New York’s night life scene. The operator of New York’s Pink Elephant Club told The New York Post that Mr. Low spent between S$69,000 and S$82,000 there a night.

The baby-faced Malaysian also reportedly spent more than $218,000 on another night with his entourage at club Avenue this September during Fashion Week.

His current globe-trotting lifestyle covers places like Los Angeles, New York, London, Abu Dhabi, Kuala Lumpur and St Tropez.

It was in St. Tropez where he and Paris Hilton reportedly chalked up a whopping S$3.8 million bill at the exclusive Byblos nightclub.

The pair are rumoured to be dating after Paris was photographed topless on his luxury yacht in what the Hilton heiress has referred to as “heaven on water”.

Earlier this month, Hilton was briefly held by police on the French island of Corsica after being caught with cannabis in her handbag.

Police found less than a gram of cannabis in her handbag and released her soon afterwards but not before a local newspaper reported Hilton was travelling on the private jet with “people close to power in Malaysia“.

In an interview with Malaysian paper The Star on Thursday, Low revealed the source of his wealth.

At twenty years of age, he started an investment fund called The Wynton Group with US$25 million from his family and nine other investors made up of schoolmates from the Middle East.

“As of today, Wynton’s investments stands at in excess of US$1 billion. When I started the company when I was still in university, I had a SOHO, home-office type concept. Subsequently, it was formalised and we had offices in Malaysia, Singapore and headquarters in the British Virgin Islands,” the Penang-born businessman explained.

In addition to sitting on the board of UBG Berhad as a non-independent, non-executive director since 2008, Low also advises companies on global private equity, mergers and aquisitions, structured investments and financing.

Despite his growing reputation as a party animal with deep pockets, the Arab-speaking multi-linguist claims reports about his big-spending party lifestyle are exagerrated. He insists it is his Arab childhood friends and investors who are the ones splashing out on the parties and not him.

Either way, with a bevy of models on his arm, an endless supply of his favourite Cristal champagne and a red sports car from Jamie Foxx as a birthday gift, you won’t find him complaining.

source : sg.yfittopostblog.com

This entry was posted in Celebrities, Millionaire and tagged , , . Bookmark the permalink.

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