Billion Dollar Whale Book Summary

'Billion Dollar Whale' uncovers the extraordinary true story of the massive financial fraud behind 1MDB, one of the world's largest embezzlement scandals. Follow the rise of Jho Low, a young Malaysian financier, as he dazzles global elites with opulence while masterminding a scheme that siphons billions from a sovereign wealth fund. With thrilling twists and high-stakes intrigue, the book reveals the complicity of international banks, Hollywood moguls, and political figures in the scandal. Just how did Low manage to pull off this elaborate deception? Dive into this gripping narrative to uncover the secrets and audacious ambitions that changed the landscape of finance and politics.

By Tom Wright, Bradley Hope

Published: 2018

"In the world of high finance and deceit, trust is the most expensive currency, and its betrayal can bring empires crashing down."

Billion Dollar WhaleBook binding

Start Listening to Book Summary

0:000:00

Book Review of Billion Dollar Whale

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, starred review), 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.

Book Overview of Billion Dollar Whale

About the Book Authors

T

Tom Wright

Tom Wright is a distinguished author and theologian, known for his profound insights into the New Testament and early Christianity. His notable works include 'Simply Jesus,' 'After You Believe,' and the 'For Everyone' Bible commentary series. Wright's writing style is accessible yet scholarly, blending deep theological understanding with a clear and engaging narrative. He is a prominent voice in contemporary Christian thought and has served as Bishop of Durham in the Church of England.

B

Bradley Hope

Bradley Hope is a distinguished journalist and author known for his investigative reporting and insightful narratives. He is the co-author of the acclaimed book "Bad Blood: Secrets and Lies in a Silicon Valley Startup," which chronicles the dramatic rise and fall of Theranos and its founder, Elizabeth Holmes. Hope's writing style is characterized by meticulous research and a compelling storytelling approach that brings to light complex subjects with clarity and depth. He has also written for prominent publications such as The Wall Street Journal, where he has covered topics ranging from finance to technology.

Book Details

Key information about the book.

Authors
Tom Wright, Bradley Hope
Published
September 2018
Publisher
Hachette Books
ISBN
031643650X
Language
English
Pages
N/A
Genres
FinanceGlobal ConflictFinancial Literacy for KidsPolitics and Current Affairs

Purchase Options

Amazon logoBuy on Amazon
BookShop logoBuy via BookShop

Support local bookstores: BookShop gives a portion of each sale to independent bookshops!

Similar books you might like →

The Money Book for the Young, Fabulous & BrokeBook binding

The Money Book for the Young, Fabulous & Broke Book Summary

The Money Book for the Young, Fabulous & Broke is your ultimate financial guide, tailored for those navigating the complexities of modern money management. With vibrant insights and relatable anecdotes, author Suze Orman empowers readers to take control of their finances while embracing their youthful exuberance. Discover essential tools for budgeting, saving, and investing, all designed to transform your financial future from daunting to dazzling. Orman’s candid advice challenges you to rethink your relationship with wealth and offers a blueprint for living fabulously, even on a budget. Are you ready to unlock the secrets to financial freedom and become fabulously secure?

The Money Book for the Young, Fabulous & Broke
Suze Orman
Financial Peace RevisitedBook binding

Financial Peace Revisited Book Summary

In "Financial Peace Revisited," renowned financial guru Dave Ramsey lays out a transformative blueprint for achieving financial independence and peace of mind. Through compelling personal anecdotes and straightforward principles, he demystifies budgeting and debt management, empowering readers to take control of their finances. Ramsey's seven-step plan not only promises to eliminate debt but also encourages a mindset shift towards saving and giving. With a blend of practical advice and motivational insights, he confronts common financial fears and inspires readers to envision a life free from money stress. Dive into this engaging guide and discover the keys to unlocking your financial freedom!

Financial Peace Revisited
Dave Ramsey
I Will Teach You to Be Rich, Second EditionBook binding

I Will Teach You to Be Rich, Second Edition Book Summary

In 'I Will Teach You to Be Rich, Second Edition,' Ramit Sethi provides a no-nonsense guide to mastering personal finance with a blend of humor and practicality. He challenges conventional money advice and introduces readers to a unique banking system for maximizing their savings. Through straightforward strategies, Sethi reveals how to automate finances and invest wisely for the long term. Each chapter brims with actionable tips that encourage readers to take control of their financial futures. With insights that delve deep into psychology and behavior, this book is a game-changer for anyone seeking to build real wealth.

I Will Teach You to Be Rich, Second Edition
Ramit Sethi
The Big Short: Inside the Doomsday MachineBook binding

The Big Short: Inside the Doomsday Machine Book Summary

In "The Big Short," Michael Lewis unveils the hidden complexities of the 2008 financial crisis through the eyes of a few unconventional investors who saw disaster coming. As they bet against the housing market, these outsiders navigate Wall Street’s labyrinthine greed and negligence, exposing the flawed logic behind the crisis. With wit and suspense, Lewis reveals the shocking truth about the financial instruments that led to economic chaos. Readers will find themselves questioning the very foundations of finance while gripping the edge of their seats at the unfolding drama. Can a handful of mavericks really challenge the system, or are they just playing a dangerous game of chance?

The Big Short: Inside the Doomsday Machine
Michael Lewis
Black EdgeBook binding

Black Edge Book Summary

In "Black Edge," investigative journalist Sheelah Kolhatkar delves into the high-stakes world of hedge funds and the enigmatic figure of Steven A. Cohen. As she unravels the saga of insider trading, greed, and Wall Street's murky ethics, the book pulls readers into a gripping tale of ambition that spans decades. With intellectual prowess and audacious risk-taking, Cohen's rise to power raises questions about the moral compass of finance. Kolhatkar's penetrating analysis unveils the dark side of wealth and the relentless pursuit of success, leaving readers questioning the true cost of ambition. Will you dare to uncover the secrets of a financial titan and the shadowy underworld they inhabit?

Black Edge
Sheelah Kolhatkar
Expecting 411 (4th edition)Book binding

Expecting 411 (4th edition) Book Summary

**Expecting 411** is an essential guide for soon-to-be parents, diving deep into the uncharted waters of pregnancy with expert insights and real-life anecdotes. This comprehensive resource unpacks everything from the emotional rollercoaster of prenatal hormones to the nitty-gritty of what to expect in every trimester. With practical tips, debunked myths, and empowering advice, it equips expectant parents to navigate their unique journey with confidence. Through relatable stories and a compassionate tone, it fosters a sense of community among readers. Ready to face the highs and lows of pregnancy armed with knowledge and support?

Expecting 411 (4th edition)
Ari Brown, Michele Hakakha
GenomeBook binding

Genome Book Summary

In 'Genome', Matt Ridley takes readers on a captivating journey through the intricacies of the human genome, revealing how our genes shape our lives, personalities, and destinies. This enlightening exploration delves into the evolutionary history of our DNA, highlighting the unexpected connections between science, society, and the essence of humanity. Ridley skillfully combines storytelling with groundbreaking research, making complex genetic concepts accessible and engaging. As he exposes the potential of genetic knowledge, readers are left pondering profound questions about free will, identity, and morality. Are we merely products of our genes, or do we have the power to redefine ourselves?

Genome
Matt Ridley
Why We SleepBook binding

Why We Sleep Book Summary

In 'Why We Sleep,' neuroscientist Matthew Walker explores the vital role sleep plays in our lives, uncovering its impact on our health, cognition, and emotional well-being. He reveals that sleep is not just a passive state but a powerful tool for peak performance, creative problem-solving, and learning. Walker delves into the science of sleep cycles, debunking myths and highlighting the dangers of sleep deprivation. Through compelling research and insights, he urges readers to prioritize sleep for a healthier, happier life. Can you afford to lose a third of your life to sleepless nights?

Why We Sleep
Matthew Walker

Showing 8 of 30 similar books

Take your reading experience to the next level

Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.

Download on the App Store

Similar Book Recommendations →

Alexis Ohanian's Book Recommendations

Alexis Ohanian's Book Recommendations

Alexis Ohanian is an American entrepreneur, investor, and co-founder of Reddit, one of the world’s most popular social news and discussion platforms. Ohanian is also a prominent advocate for open internet and net neutrality, and he has invested in numerous startups through his venture capital firm, Initialized Capital. In addition to his work in tech, Ohanian is involved in philanthropy, supporting causes related to women’s rights, education, and social justice. He is married to tennis star Serena Williams, and together they advocate for gender equality and inclusive leadership. Ohanian’s influence in the tech world and his commitment to social impact have made him a respected figure in both business and activism.

Business and LeadershipFounders PlaybookActivistWomen Who Lead
Morgan Housel's Book Recommendations

Morgan Housel's Book Recommendations

Morgan Housel is a financial writer and partner at The Collaborative Fund, best known for his book The Psychology of Money. His work explores the behavioral side of finance, emphasizing how emotions, history, and decision-making impact wealth-building. Housel’s writing is widely praised for being accessible, insightful, and engaging, making complex financial topics easier to understand. He contributes regularly to financial publications and speaks at conferences on the power of long-term thinking in finance. His book has become a modern classic in the personal finance genre.

Money MattersInspiring ReadsSuccess Stories and Life Lessons
Anthony Pompliano's Book Recommendations

Anthony Pompliano's Book Recommendations

Anthony Pompliano, also known as "Pomp," is a prominent entrepreneur and investor focused on the cryptocurrency and blockchain sectors. He co-founded Morgan Creek Digital, an investment firm dedicated to blockchain technology and digital assets. Pomp is also well-known for his popular newsletter, "The Pomp Letter," where he shares insights on finance, technology, and the future of money. As a prolific voice in the crypto community, he has appeared on multiple media platforms, including his own podcast, "The Pomp Podcast," where he interviews industry leaders and innovators. Through his writings and public engagements, Pompliano has significantly contributed to the broader understanding and adoption of digital currencies.

Business and LeadershipTechnology and FutureMoney Matters
Bill Gates's Book Recommendations

Bill Gates's Book Recommendations

Bill Gates, co-founder of Microsoft Corporation, is a pioneering figure in the tech industry, having played a key role in the personal computer revolution. His work at Microsoft, particularly the development of Windows, transformed software and computing globally. Beyond his technology contributions, Gates is also a prolific author, with notable works such as "The Road Ahead" and "Business @ the Speed of Thought," which offer insights into the future of technology and business. Additionally, his philanthropic efforts through the Bill & Melinda Gates Foundation have had a profound impact on global health, education, and poverty. Gates continues to influence both technology and literature with his forward-thinking perspectives and innovative ideas.

Business and LeadershipTechnology and FutureInspiring ReadsMemoirs and Biographies
Warren Buffett's Book Recommendations

Warren Buffett's Book Recommendations

Warren Buffett, known as the “Oracle of Omaha,” is one of the most successful investors of all time and the chairman of Berkshire Hathaway. His investment philosophy, centered on value investing and long-term wealth creation, has made him one of the wealthiest people in the world. Buffett is also known for his philanthropic efforts, having pledged to donate a significant portion of his wealth to charitable causes. His annual letters to shareholders are highly anticipated for their financial wisdom. Buffett remains a revered figure in business and investing circles.

Business and LeadershipMoney MattersSuccess Stories and Life Lessons
Alfred Lin's Book Recommendations

Alfred Lin's Book Recommendations

Alfred Lin is a venture capitalist and partner at Sequoia Capital, where he focuses on investments in consumer internet, enterprise, and mobile companies. Lin is known for his early investments in companies like Airbnb and DoorDash, helping them grow into major global brands. Before joining Sequoia, Lin was an executive at Zappos, where he worked closely with CEO Tony Hsieh to develop the company’s innovative culture and customer service model. Lin’s expertise in scaling businesses and his strategic vision have made him one of the most respected venture capitalists in Silicon Valley.

Business and LeadershipInspiring ReadsSuccess Stories and Life Lessons
Bernie Sanders's Book Recommendations

Bernie Sanders's Book Recommendations

Bernie Sanders is an American politician and U.S. Senator from Vermont, known for his progressive policies and his advocacy for economic equality. Sanders ran for the Democratic presidential nomination in 2016 and 2020, inspiring a movement with his calls for Medicare for All, free college tuition, and a $15 minimum wage. He identifies as a democratic socialist and has been a long-standing advocate for labor rights, environmental justice, and social welfare programs. Sanders’ candidacy energized a new generation of activists and has had a lasting influence on the direction of the Democratic Party. His focus on income inequality and social justice continues to shape political discourse in the U.S.

PoliticsActivist
Raoul Pal's Book Recommendations

Raoul Pal's Book Recommendations

Raoul Pal is a British economist, investment strategist, and co-founder of Real Vision, a financial media company that provides in-depth analysis of global markets and economies. Pal is known for his insights on macroeconomics, cryptocurrency, and investment trends, often sharing his expertise through interviews, reports, and documentaries. Before founding Real Vision, Pal worked at Goldman Sachs and managed a global macro hedge fund. He is a strong advocate for decentralized finance (DeFi) and frequently discusses the future of digital currencies and blockchain technology. His forward-thinking perspectives on finance have earned him a large following among investors and financial professionals.

Money MattersTechnology and Future

Showing 8 of 9 related collections

In the world of high finance and deceit, trust is the most expensive currency, and its betrayal can bring empires crashing down.

Billion Dollar Whale

By Tom Wright, Bradley Hope

Frequently Asked Questions