A superyacht owned by a crooked financier dubbed the ‘Asian Great Gatsby’ has been sold for £100m in a bid to recoup some of the £3 billion he is alleged to have stolen.
Low Taek Jho is alleged to have embezzled the staggering sum from a Malaysian state fund and then used the money to fund a lavish lifestyle, surrounded by celebrities.
His prize asset - the 300ft yacht Equanimity, which has room for 22 guests, a spa, beauty salon and helipad - was snapped up by a casino group after being on the market for over a year.
Low, who was educated at Harrow School in north west London, has gone into hiding since being charged with money laundering following an international investigation into the missing money.
A superyacht owned by a crooked financier dubbed the ‘Asian Great Gatsby’ has been sold for £100m in a bid to recoup some of the £3 billion he is alleged to have stolen
The 300ft yacht Equanimity was snapped up at the knockdown price by a casino group after being on the market for over a year
The luxury yacht was owned by fugitive financier Low Taek Jho who is alleged to have stolen the staggering sum from a Malaysian state fund. He is said to have used the funds to pay for lavish parties attended by stars such as Leonardo DiCaprio (above)
His parties were renowned for their extravagance and attracted celebrities such as Kim Kardashian and Gigi Hadid (above) who were happy to be seen with the man who happily spent an estimated £50m on entertainment in one year
Nicknamed ‘Panda’ by friends, the Harrow (above) educated businessman liked to surround himself with Playboy models
The 38 year old businessman threw lavish parties where he rubbed shoulders with Hollywood’s A-list, including Robert De Niro and Leonardo DiCaprio.
His parties were extravagant and attracted celebrities such as Kim Kardashian who were happy to be seen with the man who happily spent an estimated £50m on entertainment in one year.
Nicknamed ‘Panda’ by friends, businessman liked to surround himself with Playboy models.
His 28th birthday in Las Vegas lasted several days with reports celebrities were paid over £50,000 each to attend one of his bashes.
In 2010 he is reported to have splashed out £1.8m for a’ bottle parade’ in St Tropez, south of France when bikini clad models brought out the champagne to his guests.
He was also generous to those who met with former Victoria’s Secrets model Miranda Kerr handed a £2.2m diamond pendant while DiCaprio was given a £2.5m Picasso painting.
Both gifts have been returned as the Malaysian Government seek to recoup some of the alleged £3bn that has gone missing from the fund called 1MDB.
Low’s prized per yacht - valued at £200m - has languished at a naval
