Hi,
i find conflicting numbers on the Mahathir's family net worth, i've read they own thousands of companies, and some say he's worth 40 000 000 000+ USD, some less
anybody knows the official number ?
Mahathir family net worth ?
Mahathir family net worth ?
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Jun 17 2021, 12:51 PM, updated 5y ago
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#1
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Junior Member
253 posts Joined: Jan 2018 |
Hi,
i find conflicting numbers on the Mahathir's family net worth, i've read they own thousands of companies, and some say he's worth 40 000 000 000+ USD, some less anybody knows the official number ? |
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Jun 17 2021, 01:01 PM
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#2
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337 posts Joined: Jun 2008 |
And the purpose of your research is?
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Jun 17 2021, 01:04 PM
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#3
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All Stars
14,511 posts Joined: Sep 2017 |
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Jun 17 2021, 01:13 PM
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#4
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Junior Member
535 posts Joined: Oct 2010 From: 4:44 am |
Disclosed wealth is easy to find. Now the part where skills are required, the undisclosed wealth. Happy digging. cubix liked this post
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Jun 17 2021, 01:46 PM
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#5
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593 posts Joined: Oct 2011 |
got how many billions also no use, coffin can fit in those money ? bulkhead81 and Icahn liked this post
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Jun 17 2021, 01:53 PM
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#6
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965 posts Joined: Mar 2019 From: North Borneo |
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Jun 17 2021, 01:53 PM
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#7
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835 posts Joined: Jan 2015 |
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Jun 17 2021, 01:56 PM
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#8
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593 posts Joined: Oct 2011 |
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Jun 17 2021, 01:57 PM
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#9
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769 posts Joined: Aug 2011 |
There's no official numbers. These people don't keep their wealth information in public. Just for start. Only two malay got bugatti. Guess from which family? malaysiaku liked this post
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Jun 17 2021, 01:59 PM
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769 posts Joined: Aug 2011 |
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Jun 17 2021, 02:00 PM
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#11
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9,616 posts Joined: Dec 2013 |
I'm wondering why he can be so rich ah?
Anyone can enlighten me? |
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Jun 17 2021, 02:00 PM
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#12
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593 posts Joined: Oct 2011 |
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Jun 17 2021, 02:03 PM
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253 posts Joined: Jan 2018 |
QUOTE(frossonice @ Jun 17 2021, 01:01 PM) Can't you see the value of such information as a Malaysian ?QUOTE(mini orchard @ Jun 17 2021, 01:04 PM) Do you have any sources ? Because the "official sources" lists show 300 millions / 1 billion net worths for each family number, the big numbers are impossible to find (and perhaps nobody knows aside their accountants ?) |
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Jun 17 2021, 02:03 PM
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#14
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Junior Member
593 posts Joined: Oct 2011 |
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Jun 17 2021, 02:04 PM
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835 posts Joined: Jan 2015 |
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Jun 17 2021, 02:04 PM
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619 posts Joined: Jul 2009 |
why must you know the exact number
they will give some to you? |
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Jun 17 2021, 02:09 PM
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#17
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593 posts Joined: Oct 2011 |
QUOTE(Eulm585 @ Jun 17 2021, 02:04 PM) How he get the money is up to him. so you can bring all your money into grave ? this is a human greed But don't disregard the usefulness of money with stupid comments like so much money can bring to the grave meh? |
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Jun 17 2021, 02:09 PM
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769 posts Joined: Aug 2011 |
QUOTE(lonely66 @ Jun 17 2021, 02:03 PM) That's the idea of these people collecting wealth.So their kids won't have to work hard. Yeah, the value is in how it makes people life easier. Even you would have get some money/help from your parents. |
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Jun 17 2021, 02:11 PM
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253 posts Joined: Jan 2018 |
QUOTE(jie88 @ Jun 17 2021, 02:04 PM) Because there's a big difference between 1 000 000 000 and 160 000 000 000 RM. The former is nearly marginal given the time he spent leading the state, it's probably bad but we forgive lah, the second one suggests something way way bigger than 1MDB.This post has been edited by Without_a_clue: Jun 17 2021, 02:13 PM |
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Jun 17 2021, 02:14 PM
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#20
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593 posts Joined: Oct 2011 |
QUOTE(LamboSama @ Jun 17 2021, 02:09 PM) That's the idea of these people collecting wealth. of course money is important and can help people and your family member ....So their kids won't have to work hard. Yeah, the value is in how it makes people life easier. Even you would have get some money/help from your parents. but education is more important, if u know how to earn in millions or billions, that means you are capable .... but if you inherit in millions or billions but you do not know how to handle it, the ending will be sad too .... |
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Jun 17 2021, 02:15 PM
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660 posts Joined: Jun 2018 |
QUOTE(Eulm585 @ Jun 17 2021, 01:53 PM) haha yup yup. i am sure most people who rather choose to be rich in this world. most people's parents by mahathir's age already super blur and slow down or would have gone long time, yet at his age still can drive his car and do politics.i rather be in jho low's/jibby shoes. at the very least, we get to live a super good life once. definitely no stress in difficult times. i am sure a lot of good people are struggling comparing to jho low & gang. all these difficult test and mind games by god where life is already tough enough...hardly seen bad people got into real trouble because devil knows how to take care of his own people. still remember pastor koh, teoh beng hock, kevin morais mh17, mh370?...where's their real justice till date...all their lives taken by god. Hence, the popular quote "the good die young" 100 times is better to be in mahathir's shoes...really really enough for easily 3 generations. assets, listed company directors, projects, offshore accounts, prime properties across the in best living cities around the world This post has been edited by immobile: Jun 17 2021, 02:16 PM |
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Jun 17 2021, 02:17 PM
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835 posts Joined: Jan 2015 |
QUOTE(lonely66 @ Jun 17 2021, 02:09 PM) so you can bring all your money into grave ? this is a human greed With the advancement of technology and healthcare, by the time you and your kids and grandkids dead, his son is still alive and kicking.These are the luxuries of money. Ever been to a hospital and had to queue? Not for these people, they enter the hospital and get the best healthcare available. Stop trying to change the topic to greed and clean or unclean money. Stupidity and envy is all you got. immobile liked this post
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Jun 17 2021, 02:18 PM
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5,831 posts Joined: Jun 2017 |
QUOTE(Without_a_clue @ Jun 17 2021, 05:51 AM) Hi, According to PH, definitely less than Najib. May be 40 billions is less than 3 billion? Go ask them.i find conflicting numbers on the Mahathir's family net worth, i've read they own thousands of companies, and some say he's worth 40 000 000 000+ USD, some less anybody knows the official number ? |
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Jun 17 2021, 02:20 PM
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5,831 posts Joined: Jun 2017 |
QUOTE(heavensea @ Jun 17 2021, 07:00 AM) According to Lim Kit Siang, certainly not from corruption. People are just jealous and talking nonsense, as according to PH. DAP stalwart Lim Kit Siang has clarified that he has never accused Dr Mahathir Mohamad of being corrupt. https://www.malaysiakini.com/news/483686 |
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Jun 17 2021, 02:21 PM
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1,590 posts Joined: Sep 2011 |
they are very rich, basically they live a very luxurious and privilege life. the money is countless.
This post has been edited by kelvinfixx: Jun 17 2021, 02:21 PM |
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Jun 17 2021, 02:22 PM
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769 posts Joined: Aug 2011 |
QUOTE(lonely66 @ Jun 17 2021, 02:14 PM) of course money is important and can help people and your family member .... Well...with money easier to get education and more opportunities to fail also.but education is more important, if u know how to earn in millions or billions, that means you are capable .... but if you inherit in millions or billions but you do not know how to handle it, the ending will be sad too .... They fail also not like regular people fail.. Take Trump or Paris Hilton for example. Better to have been rich and lost it all then never to have been rich at all. This post has been edited by LamboSama: Jun 17 2021, 02:23 PM |
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Jun 17 2021, 02:23 PM
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#27
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593 posts Joined: Oct 2011 |
QUOTE(Eulm585 @ Jun 17 2021, 02:17 PM) With the advancement of technology and healthcare, by the time you and your kids and grandkids dead, his son is still alive and kicking. so obviously you are just a rich man butt licker, money comes from where is not important, the important is he is rich ? These are the luxuries of money. Ever been to a hospital and had to queue? Not for these people, they enter the hospital and get the best healthcare available. Stop trying to change the topic to greed and clean or unclean money. Stupidity and envy is all you got. if all the society just like you, then we no need any school or talk about morality, when you rich, what you say must be right and i dont think my opinion is stupid n envy because people is rich |
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Jun 17 2021, 02:23 PM
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835 posts Joined: Jan 2015 |
QUOTE(immobile @ Jun 17 2021, 02:15 PM) haha yup yup. i am sure most people who rather choose to be rich in this world. most people's parents by mahathir's age already super blur and slow down or would have gone long time, yet at his age still can drive his car and do politics. I just don't agree with people making stupid statements like can bring money to grave? Can money make you happier? i rather be in jho low's/jibby shoes. at the very least, we get to live a super good life once. definitely no stress in difficult times. i am sure a lot of good people are struggling comparing to jho low & gang. all these difficult test and mind games by god where life is already tough enough...hardly seen bad people got into real trouble because devil knows how to take care of his own people. still remember pastor koh, teoh beng hock, kevin morais mh17, mh370?...where's their real justice till date...all their lives taken by god. Hence, the popular quote "the good die young" 100 times is better to be in mahathir's shoes...really really enough for easily 3 generations. assets, listed company directors, projects, offshore accounts, prime properties across the in best living cities around the world If you have money, you have less things to worry about thus less problems thus happier. Have money for best healthcare, live longer Have money for best security, those less likely to get robbed at your home and murdered in your sleep. Have money to spend, easier to get connections, easier time doing business. The list goes on, but stupid people make stupid comments. |
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Jun 17 2021, 02:26 PM
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15 posts Joined: Dec 2020 |
MACC never check where's their money come from? All cash so clean than bleach.
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Jun 17 2021, 02:28 PM
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#30
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593 posts Joined: Oct 2011 |
QUOTE(LamboSama @ Jun 17 2021, 02:22 PM) Well...with money easier to get education and more opportunities to fail also. this part is only valid for those who have tried.... work hard n smart earn a lot of money but failed because kena con or wrong investment ...They fail also not like regular people fail.. Take Trump or Paris Hilton for example. Better to have been rich and lost it all then never to have been rich at all. but for those who inherit the money it is very difficult for them to understand the real value of money ... Icahn liked this post
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Jun 17 2021, 02:55 PM
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769 posts Joined: Aug 2011 |
QUOTE(lonely66 @ Jun 17 2021, 02:28 PM) this part is only valid for those who have tried.... work hard n smart earn a lot of money but failed because kena con or wrong investment ... Real value of money is what you can buy with it.but for those who inherit the money it is very difficult for them to understand the real value of money ... Anything else is just self comfort talk. Which those rich kids get to enjoy early in life. Living in privileges. This post has been edited by LamboSama: Jun 17 2021, 02:56 PM |
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Jun 17 2021, 03:07 PM
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651 posts Joined: Mar 2013 From: Bikini bottom |
Ini semua dunia yang sementara.
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Jun 17 2021, 04:30 PM
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#33
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863 posts Joined: Apr 2019 |
QUOTE(Without_a_clue @ Jun 17 2021, 02:03 PM) Can't you see the value of such information as a Malaysian ? Ayam surprise Panama papers leak, he’s not in the list of names. So far none of the hack off financial laundering centers revealed his family connections.Do you have any sources ? Because the "official sources" lists show 300 millions / 1 billion net worths for each family number, the big numbers are impossible to find (and perhaps nobody knows aside their accountants ?) Icahn liked this post
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Jun 17 2021, 04:34 PM
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#34
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863 posts Joined: Apr 2019 |
QUOTE(lonely66 @ Jun 17 2021, 02:14 PM) of course money is important and can help people and your family member .... Tbh i rather be rich and stupid than poor and educated. Many very highly educated and smart people who are still poor. At least with stupid but rich, can buy expertise to help manage the wealth.but education is more important, if u know how to earn in millions or billions, that means you are capable .... but if you inherit in millions or billions but you do not know how to handle it, the ending will be sad too .... |
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Jun 17 2021, 04:45 PM
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653 posts Joined: Dec 2015 |
QUOTE(diffyhelman2 @ Jun 17 2021, 04:30 PM) Ayam surprise Panama papers leak, he’s not in the list of names. So far none of the hack off financial laundering centers revealed his family connections. Panama is second tier. The top tier like world's politicians, dictators, businessman all not in panama papers. These people know where to stash their money, mostly in shares with nominees. |
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Jun 17 2021, 04:47 PM
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#36
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All Stars
14,511 posts Joined: Sep 2017 |
QUOTE(diffyhelman2 @ Jun 17 2021, 04:34 PM) Tbh i rather be rich and stupid than poor and educated. Many very highly educated and smart people who are still poor. At least with stupid but rich, can buy expertise to help manage the wealth. There are so many stupid and rich being scamed daily by their " trusted" adviser.It is easy to make the statement because one is educated today. |
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Jun 17 2021, 04:50 PM
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#37
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863 posts Joined: Apr 2019 |
QUOTE(duplicated @ Jun 17 2021, 04:45 PM) Panama is second tier. The top tier like world's politicians, dictators, businessman all not in panama papers. Wasnt najib son in law mentioned in it? And jho low all his arrangements for 1mdb also detailed in those papers.These people know where to stash their money, mostly in shares with nominees. |
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Jun 17 2021, 04:58 PM
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1,129 posts Joined: Feb 2021 |
I'm more interested in Najib's family net worth.
TS do you know? |
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Jun 17 2021, 05:11 PM
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253 posts Joined: Jan 2018 |
QUOTE(Lembu Goreng @ Jun 17 2021, 04:58 PM) It should naturally be lower, doesn't it ? He stayed in power for a shorter time and most of the infrastructures were already built and privatized, making stealing a bit more difficult. First come, first serve as they say. |
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Jun 17 2021, 05:12 PM
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#40
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1,887 posts Joined: Mar 2013 |
QUOTE(Without_a_clue @ Jun 17 2021, 02:11 PM) Because there's a big difference between 1 000 000 000 and 160 000 000 000 RM. The former is nearly marginal given the time he spent leading the state, it's probably bad but we forgive lah, the second one suggests something way way bigger than 1MDB. Don't forget inflation. What bijan songlaped is worth less after inflation compared to what the old cronies songlaped. |
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Jun 17 2021, 05:14 PM
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1,129 posts Joined: Feb 2021 |
QUOTE(Without_a_clue @ Jun 17 2021, 05:11 PM) It should naturally be lower, doesn't it ? He stayed in power for a shorter time and most of the infrastructures were already built and privatized, making stealing a bit more difficult. First come, first serve as they say. There is no ceiling for ‘donations’, he has a billion ringgit stashed just at home so I am fairly sure he has more than Mahathir |
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Jun 17 2021, 05:16 PM
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#42
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Senior Member
1,887 posts Joined: Mar 2013 |
QUOTE(immobile @ Jun 17 2021, 02:15 PM) haha yup yup. i am sure most people who rather choose to be rich in this world. most people's parents by mahathir's age already super blur and slow down or would have gone long time, yet at his age still can drive his car and do politics. If all his offspring live moderate lives, can easily feed 10 generations or more lo.i rather be in jho low's/jibby shoes. at the very least, we get to live a super good life once. definitely no stress in difficult times. i am sure a lot of good people are struggling comparing to jho low & gang. all these difficult test and mind games by god where life is already tough enough...hardly seen bad people got into real trouble because devil knows how to take care of his own people. still remember pastor koh, teoh beng hock, kevin morais mh17, mh370?...where's their real justice till date...all their lives taken by god. Hence, the popular quote "the good die young" 100 times is better to be in mahathir's shoes...really really enough for easily 3 generations. assets, listed company directors, projects, offshore accounts, prime properties across the in best living cities around the world Like some rich families in Europe. Every family member got shares in the family business but 1 person manage the family business and make sure they don't become poorer. immobile liked this post
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Jun 17 2021, 05:22 PM
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#43
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1,887 posts Joined: Mar 2013 |
QUOTE(LamboSama @ Jun 17 2021, 02:22 PM) Well...with money easier to get education and more opportunities to fail also. Trump and Paris Hilton are still fucking rich.They fail also not like regular people fail.. Take Trump or Paris Hilton for example. Better to have been rich and lost it all then never to have been rich at all. This post has been edited by JohnL77: Jun 17 2021, 05:24 PM |
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Jun 17 2021, 05:23 PM
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769 posts Joined: Aug 2011 |
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Jun 17 2021, 05:24 PM
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769 posts Joined: Aug 2011 |
QUOTE(Without_a_clue @ Jun 17 2021, 05:11 PM) It should naturally be lower, doesn't it ? He stayed in power for a shorter time and most of the infrastructures were already built and privatized, making stealing a bit more difficult. First come, first serve as they say. Nah, najib family is probably higher. Since tun razak kids and grandkids are all rich. |
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Jun 17 2021, 05:25 PM
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#46
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1,887 posts Joined: Mar 2013 |
QUOTE(LamboSama @ Jun 17 2021, 05:23 PM) Yup. When rich people fail they land on pillows.When poor people fail, they hit rock bottom. Bye bye, you used up your 1 chance. diffyhelman2 liked this post
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Jun 17 2021, 05:29 PM
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Jun 17 2021, 08:46 PM
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QUOTE(Without_a_clue @ Jun 17 2021, 12:51 PM) Hi, Have it occurred to you that he might not be that rich? His lifestyle does not tell me he is a person of great wealth. He does not need it....but of course ppl have already made up their mindsi find conflicting numbers on the Mahathir's family net worth, i've read they own thousands of companies, and some say he's worth 40 000 000 000+ USD, some less anybody knows the official number ? |
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Jun 17 2021, 09:02 PM
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#49
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763 posts Joined: Jan 2003 |
I duno how rich is he or his family is, but he has been Malaysia's most powerful man for 20-30 years.
At that time, Malaysia is considerably richer and much more influential compared to our neighbours and peers. |
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Jun 17 2021, 09:27 PM
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#50
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3,354 posts Joined: Dec 2006 |
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Jun 17 2021, 09:51 PM
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#51
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863 posts Joined: Apr 2019 |
QUOTE(aspartame @ Jun 17 2021, 08:46 PM) Have it occurred to you that he might not be that rich? His lifestyle does not tell me he is a person of great wealth. He does not need it....but of course ppl have already made up their minds he might not be that rich but most people are saying his sons are damn rich....example case in point, the 1 of 2 Bugatti Veyron's owner in this country....This post has been edited by diffyhelman2: Jun 17 2021, 09:51 PM |
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Jun 17 2021, 09:59 PM
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2,531 posts Joined: Feb 2009 From: Land below the wind |
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Jun 17 2021, 10:05 PM
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913 posts Joined: Feb 2018 |
I don’t see the big issue really. The NEP meant giving away free money to undeserving people who didn’t work for it. What difference if they gave it to Mahathirs kids?
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Jun 17 2021, 10:06 PM
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#54
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265 posts Joined: Jan 2013 |
ppl can live over 90 ....with heart surgery....
sure got more money to sustain such things.... anak also fellali and pohcheh bodek.... summore langkawi he kuasa.... |
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Jun 17 2021, 10:13 PM
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#55
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Jun 18 2021, 08:21 AM
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Jun 18 2021, 11:38 AM
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660 posts Joined: Jun 2018 |
QUOTE(JohnL77 @ Jun 17 2021, 05:16 PM) If all his offspring live moderate lives, can easily feed 10 generations or more lo. yup yup you are right. spot on boss. really good karma. can enjoy for up to 7 and above generations is really insane. jho low & gang also enjoying comparing to us citizens throughout the pandemic. in reality life, money is really the godLike some rich families in Europe. Every family member got shares in the family business but 1 person manage the family business and make sure they don't become poorer. |
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Jun 21 2021, 11:17 PM
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253 posts Joined: Jan 2018 |
QUOTE(aspartame @ Jun 17 2021, 08:46 PM) Have it occurred to you that he might not be that rich? His lifestyle does not tell me he is a person of great wealth. He does not need it....but of course ppl have already made up their minds His official net worth is already in hundreds of millions, is son a billion, the daughter also kicks asses i believe, and that's just what's in plain sight. Also remember he made absolutely nothing to fix the loopholes. |
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Jun 21 2021, 11:24 PM
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2,033 posts Joined: Jul 2016 From: Lol! |
Why is this in Serious section?
But oh well, nevermind to each his own I guess. Lol! |
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Jun 21 2021, 11:29 PM
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253 posts Joined: Jan 2018 |
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Jun 22 2021, 07:21 AM
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#61
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QUOTE(Without_a_clue @ Jun 21 2021, 11:17 PM) His official net worth is already in hundreds of millions, is son a billion, the daughter also kicks asses i believe, and that's just what's in plain sight. Also remember he made absolutely nothing to fix the loopholes. Where did you find his net worth to be in hundreds of millions? His son net worth RM1bil ... not that much what... his son wealth was made through proper means... not outright corruption...there might be nepotism .. people will always say there’s more no matter what |
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Jun 22 2021, 05:13 PM
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#62
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5,366 posts Joined: Aug 2005 |
QUOTE(Lembu Goreng @ Jun 17 2021, 05:14 PM) There is no ceiling for ‘donations’, he has a billion ringgit stashed just at home so I am fairly sure he has more than Mahathir you don’t seem to know the fact that the Razak family was an elite family aka golongan kayangan to begin fromRazak got part of his wealth thanks to the late Uncle Lim, where Razak helped to grant casino license to the latter Najib were indeed born with a silver spoon, and had led a decent live compare to most other Malays at the time |
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Jun 22 2021, 05:15 PM
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330 posts Joined: Apr 2009 |
PM family all rich, u see najib, and see why hisappudin want to PM job so bad
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Jun 22 2021, 05:20 PM
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#64
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Senior Member
5,366 posts Joined: Aug 2005 |
QUOTE(aspartame @ Jun 22 2021, 07:21 AM) Where did you find his net worth to be in hundreds of millions? His son net worth RM1bil ... not that much what... his son wealth was made through proper means... not outright corruption...there might be nepotism .. people will always say there’s more no matter what dude, either you are too young (late millennials) or just plain naive/ignoranthave your eldery in your family ever talked with you regarding the “glorious 80-90s” of Malaysia? regarding how Mahathir, Tun Daim, Anwar, Taib Mahmud, KuLi, Samy Vellu, Liong Sik etc reaped the country’s wealth through multitude means? where do you think the “Mr 10%” got his name from, remember, back in the 80-90s, there were M$1000 notes circulated around, securities including equities and shares do not need to be registered in electronic system like CDS today, every transaction records were made on paper among these, Mahathir and Taib’s wealth is comparable to Forbes global 5 |
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Jun 22 2021, 05:24 PM
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Senior Member
1,129 posts Joined: Feb 2021 |
QUOTE(dattebayo @ Jun 22 2021, 05:13 PM) you don’t seem to know the fact that the Razak family was an elite family aka golongan kayangan to begin from Ok. Billions because of kayanganRazak got part of his wealth thanks to the late Uncle Lim, where Razak helped to grant casino license to the latter Najib were indeed born with a silver spoon, and had led a decent live compare to most other Malays at the time Thats a very good explanation. Solid. |
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Jun 22 2021, 05:29 PM
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#66
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Senior Member
5,366 posts Joined: Aug 2005 |
QUOTE(Lembu Goreng @ Jun 22 2021, 05:24 PM) i never say he is not corruptedmy point is while he do take some undertables along the way, he did try to rectify the corrupted system within his capacity, to the extent of facing serious backlash within right wing Malay factions including Mahathir himself what else do people especially Chinese wants? Do they really want to see Mahathirism back in action for the 3rd time? Did they not suffer/poor during his first tenure as PM? Obviously young millennials do not know, how humble lives were 20-40 years ago |
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Jun 22 2021, 05:31 PM
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Junior Member
769 posts Joined: Aug 2011 |
QUOTE(dattebayo @ Jun 22 2021, 05:20 PM) dude, either you are too young (late millennials) or just plain naive/ignorant They don't remember how so many public services turn private overnight. have your eldery in your family ever talked with you regarding the “glorious 80-90s” of Malaysia? regarding how Mahathir, Tun Daim, Anwar, Taib Mahmud, KuLi, Samy Vellu, Liong Sik etc reaped the country’s wealth through multitude means? where do you think the “Mr 10%” got his name from, remember, back in the 80-90s, there were M$1000 notes circulated around, securities including equities and shares do not need to be registered in electronic system like CDS today, every transaction records were made on paper among these, Mahathir and Taib’s wealth is comparable to Forbes global 5 dattebayo liked this post
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Jun 22 2021, 05:37 PM
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#68
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Senior Member
3,165 posts Joined: Feb 2015 |
QUOTE(dattebayo @ Jun 22 2021, 05:20 PM) dude, either you are too young (late millennials) or just plain naive/ignorant Lol... as I said .. all these are hearsay ...Forbes global 5? Please do not think Makan even a few bil can enter that category ...nepotism I am sure existed back then but you still have performed/executed those contracts ... those profits need to be made and normally only on a fraction of contract value ... these are not outright misappropriation mind you... the rest I am not sure but Mahathir sure does not need that kind of money .. his son also probably made few RM billions at the most from deals .. that’s hardly much compared to global wealth .. Hearsay is always exaggerated ... so, there is no so called official wealth of his in the hundreds of millions right?have your eldery in your family ever talked with you regarding the “glorious 80-90s” of Malaysia? regarding how Mahathir, Tun Daim, Anwar, Taib Mahmud, KuLi, Samy Vellu, Liong Sik etc reaped the country’s wealth through multitude means? where do you think the “Mr 10%” got his name from, remember, back in the 80-90s, there were M$1000 notes circulated around, securities including equities and shares do not need to be registered in electronic system like CDS today, every transaction records were made on paper among these, Mahathir and Taib’s wealth is comparable to Forbes global 5 |
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Jun 22 2021, 05:51 PM
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Senior Member
1,129 posts Joined: Feb 2021 |
QUOTE(dattebayo @ Jun 22 2021, 05:29 PM) i never say he is not corrupted Why so defensive bro, i only said tq for the explanation in my last comment my point is while he do take some undertables along the way, he did try to rectify the corrupted system within his capacity, to the extent of facing serious backlash within right wing Malay factions including Mahathir himself what else do people especially Chinese wants? Do they really want to see Mahathirism back in action for the 3rd time? Did they not suffer/poor during his first tenure as PM? Obviously young millennials do not know, how humble lives were 20-40 years ago |
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Jun 22 2021, 08:08 PM
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#70
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Senior Member
5,366 posts Joined: Aug 2005 |
QUOTE(aspartame @ Jun 22 2021, 05:37 PM) Lol... as I said .. all these are hearsay ...Forbes global 5? Please do not think Makan even a few bil can enter that category ...nepotism I am sure existed back then but you still have performed/executed those contracts ... those profits need to be made and normally only on a fraction of contract value ... these are not outright misappropriation mind you... the rest I am not sure but Mahathir sure does not need that kind of money .. his son also probably made few RM billions at the most from deals .. that’s hardly much compared to global wealth .. Hearsay is always exaggerated ... so, there is no so called official wealth of his in the hundreds of millions right? 10% in mega infra projects back then was ALOTimagine just 10% in Putrajaya development alone it's not just simply hearsay, even LGE and LKS and Anwar quoted these "hearsay" against him during GE 13 days Forbes Global 5 probably is an overstatement, but it doesn't defeat the fact that Mahathir family reaped alot, along with his friends throughout 22 years of his reign in Malaysia chain of powers ps. himself doesn't need that kind of money doesn't mean he doesn't like to accumulate them, for instance, Warren Buffet is leading a frugal and humble lifestyle, yet he think of how to make more money 24/7 non-stop |
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Jun 22 2021, 08:32 PM
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#71
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Senior Member
3,165 posts Joined: Feb 2015 |
QUOTE(dattebayo @ Jun 22 2021, 08:08 PM) 10% in mega infra projects back then was ALOT Many projects are given to GLCs not individuals ...and these assumed 10% profits have to be earned by someone if projects are to be executed.. they are not outright misappropriation ... there were a lot of bailouts of crony companies but even those are lost through operations which employed many people , not into own pockets .. similarly those Bsnk Negara forex that supposedly DrM lost ... it was not into his pockets...it was his misjudgment of market . .. we most distinguish between losses as a result of bad management / judgement from those which are outright corruption/ misappropriation...that is why I annoyed by those comparing 1MDB losses with “losses” from DrM eraimagine just 10% in Putrajaya development alone it's not just simply hearsay, even LGE and LKS and Anwar quoted these "hearsay" against him during GE 13 days Forbes Global 5 probably is an overstatement, but it doesn't defeat the fact that Mahathir family reaped alot, along with his friends throughout 22 years of his reign in Malaysia chain of powers ps. himself doesn't need that kind of money doesn't mean he doesn't like to accumulate them, for instance, Warren Buffet is leading a frugal and humble lifestyle, yet he think of how to make more money 24/7 non-stop |
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Jun 22 2021, 08:47 PM
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#72
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Senior Member
5,366 posts Joined: Aug 2005 |
QUOTE(aspartame @ Jun 22 2021, 08:32 PM) Many projects are given to GLCs not individuals ...and these assumed 10% profits have to be earned by someone if projects are to be executed.. they are not outright misappropriation ... there were a lot of bailouts of crony companies but even those are lost through operations which employed many people , not into own pockets .. similarly those Bsnk Negara forex that supposedly DrM lost ... it was not into his pockets...it was his misjudgment of market . .. we most distinguish between losses as a result of bad management / judgement from those which are outright corruption/ misappropriation...that is why I annoyed by those comparing 1MDB losses with “losses” from DrM era you will never know manMahathir and friends are well known to manage everything through proxies http://therealtamringhafarbaba.blogspot.co...athir-clan.html https://www.malaysia-today.net/2020/07/05/d...re-before-1mdb/ |
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Jun 22 2021, 09:04 PM
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#73
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Senior Member
3,165 posts Joined: Feb 2015 |
QUOTE(dattebayo @ Jun 22 2021, 08:47 PM) you will never know man Even if true , the stake only RM1.5bil. The RP can spin whatever stories he wants. With enough figures, ppl treat it that they must be real stories .. agree that we will never knowMahathir and friends are well known to manage everything through proxies http://therealtamringhafarbaba.blogspot.co...athir-clan.html https://www.malaysia-today.net/2020/07/05/d...re-before-1mdb/ |
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