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Mahathir family net worth ?
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aspartame
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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, 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 ? 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 |
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aspartame
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Jun 22 2021, 07:21 AM
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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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aspartame
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Jun 22 2021, 05:37 PM
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QUOTE(dattebayo @ Jun 22 2021, 05:20 PM) dude, either you are too young (late millennials) or just plain naive/ignorant 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 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? |
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aspartame
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Jun 22 2021, 08:32 PM
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QUOTE(dattebayo @ Jun 22 2021, 08:08 PM) 10% in mega infra projects back then was ALOT imagine 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 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 |
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aspartame
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Jun 22 2021, 09:04 PM
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QUOTE(dattebayo @ Jun 22 2021, 08:47 PM) 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 know |
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