Indonesian tycoon Liem Sioe Liong dies at 96

[eatshitndie]

were you invited to attend?

you have to be among the who's who in hk to be invited. for tycoons in south east asia, it has to be based on personal friendship or strong business relationships. i have no ties to hk. but some hk tycoons have ties to the bay area.

 

[Fook Seng]

<img src="http://www.sammyboy.com/attachment.php?attachmentid=5232"/>

Both rich man look alike, Liem Sioe Liong & Wee Cho Yaw.

Once I and my colleague bumped into Liem Sioe Liong in his office in Jakarta, my friend whispered under his breathe, "Wee Cho Yaw".

 

[Fook Seng]

One of the sons worth us8B, third richest man in indonesia, as reported in the straits times. So money obviously didnt dissipate into thin air.

Also the Asian Financial Crisis could have knocked off some of his investments in BCA.

 

[singveld]

you mean after the mob burn his home, he hide in singapore until his death? i guess only rich people afraid of death while poor people afraid of hunger.

 

[ngek32]

These Indonesia billionaires and millionaires are the builders of Singapore. Without their corrupt funds, Singapore wouldn't have become the rich metropolis it is today.

very true. without them sgp is nothing today. must give thanks to them. but sad our sg esp govt too boastful now. they forget the past...

 

[Papsmearer]

People like Liem sioe liong cannot become as rich as they are without the connivance and co-operation of the generals.

That's right. Not only generals but the right politicians as well.

Same goes in M'sia. Without the support of the right politicians, one cannot become super rich. Sugar king, Vincent Tan and Tony Fernandez are examples.

Hahaha, GD u and I know how the world works. That's why I tulan when I come here and see assholes make stupid remarks after supposedly reading one book on the subject.

 

[Papsmearer]

Also the Asian Financial Crisis could have knocked off some of his investments in BCA.

LSL investment in BCA was already long gone before the first Asian Financial crisis. He started up the bank for Mochtar Riady to run. Together, they treated the BCA deposits and assets like their own private piggy bank. BCA was a shell already before the crisis hit.

 

[Papsmearer]

cheap by comparison. they do it all the time. and the magnate families in south east asia are almost always invited to private lavish galas in hk. average tab per gala in hk is $3m. in one, the host booked the entire 6-star hotel and turned the largest ballroom into an ice palace, complete with skating waitresses and waiters serving sushi on ice trays. that was the adult gala. for their kids, a 5-star hotel was booked, and the theme was "leather".

If u want to know the truth, the really rich tycoons never do this kind of thing. They are always very low key and unassuming. The nouveau riche ones from China, maybe are showboating or flashy, But their fortunes are numbers in the hundreds millions $ or low $billions, whereas the old money tycoons who have multi-billion $ fortunes never like to let people know how they spend their money. eg. Stanley Ho at the peak of his power and wealth never booked entire luxury hotels for parties even though he owns several.

 

[Kinana]

LKY can live until 100 for sure. He is very healthy

 

[palden]

Me bad din read properly.
But being once the richest indo and also richest chinese in all of south east asia I figured he would be left with more....at least the odd billion.

Richest indo yes. But not richest Chinese. The title belongs to LKY.

 

[eatshitndie]

If u want to know the truth, the really rich tycoons never do this kind of thing. They are always very low key and unassuming. The nouveau riche ones from China, maybe are showboating or flashy, But their fortunes are numbers in the hundreds millions $ or low $billions, whereas the old money tycoons who have multi-billion $ fortunes never like to let people know how they spend their money. eg. Stanley Ho at the peak of his power and wealth never booked entire luxury hotels for parties even though he owns several.

looks like you've never attended a private privileged party in hk. stanley is a macau tycoon. not invited to hk parties. hk tycoons would never rub shoulders voluntarily with the nouveau riche from the prc. perhaps high officials to gain access to privileges and advantage in china, but not whipper snappers. when hk tycoons showboat, 99% of the hk populace let alone sinkies who don't even know this exist will never hear of it. hotel management will ensure word doesn't get out to the street. and it's only held at extremely exclusive hotels with very professional staff. sg and ml tycoons pale in comparison, and perhaps for good humble reasons.

 

[Fook Seng]

LSL investment in BCA was already long gone before the first Asian Financial crisis. He started up the bank for Mochtar Riady to run. Together, they treated the BCA deposits and assets like their own private piggy bank. BCA was a shell already before the crisis hit.

Most Indonesian banks were poorly capitalised. That's true. I thought his name was still very much associated with the bank up to the crisis. Mochtar Riady was more known for Lippo Bank or was there something that I missed out?

 

[Narong Wongwan]

I would think Stanley Ho is bad example.
Maybe he is good at hiding his assets but for someone who was known as casino king, his net worth was always not 'up there' with the big boys.....even genting boss was worth much more than him.
When he was healthier he always threw lavish parties, one notable one was a birthday bash that lasted for days where he invited all the women in his life...numbering by the proverbial bus loads.

Li Ka Shing would be an example of a low key tycoon.
The weddings of his sons were all simple affairs and he once walked out of a restaurant after looking at the menu citing prices were too expensive!

If u want to know the truth, the really rich tycoons never do this kind of thing. They are always very low key and unassuming. The nouveau riche ones from China, maybe are showboating or flashy, But their fortunes are numbers in the hundreds millions $ or low $billions, whereas the old money tycoons who have multi-billion $ fortunes never like to let people know how they spend their money. eg. Stanley Ho at the peak of his power and wealth never booked entire luxury hotels for parties even though he owns several.

 

[Narong Wongwan]

Richest indo yes. But not richest Chinese. The title belongs to LKY.

He could vie for man in the world...fortune might rival Carlos Slim, Bill Gates and Thai King combined.
You would be surprised.

 

[Fook Seng]

Li Ka Shing would be an example of a low key tycoon.
The weddings of his sons were all simple affairs and he once walked out of a restaurant after looking at the menu citing prices were too expensive!

First generation tycoons are typically less spendthrift than their children who have lived the good life. They live in more mundane houses unlike their children, drive normal cars (unlike their children who drive superfast cars which must demolish speed limits) and take plain teochew porridge for breakfast.

 

[Narong Wongwan]

First generation tycoons are typically less spendthrift than their children who have lived the good life. They live in more mundane houses unlike their children, drive normal cars (unlike their children who drive superfast cars which must demolish speed limits) and take plain teochew porridge for breakfast.

Yes heard people like Ng Teng Fong and CK Tang were known to be misers while their children live it up

 

[Cruxx]

very true. without them sgp is nothing today. must give thanks to them. but sad our sg esp govt too boastful now. they forget the past...

Indeed. How else do you think Singapore, on the whole, is so rich? Singapore produces nothing of quality. It contributes nothing to the world economy. A rent-seeking parasite and that's about it. Which is the largest company on the SGX by market capitalisation? Singtel. And how did Singtel become such a large company? By being a parasite of the blood and sweat of dumb sinkies and an enabler of tax evasion and money laundering.

[video=youtube;MwETb7LwtPA]http://www.youtube.com/watch?v=MwETb7LwtPA[/video]

 

[Cruxx]

"Actually, Singapore’s success came mainly from being the money laundering center for corrupt Indonesian businessmen and government officials. Indonesia has no money. So Singapore isn’t doing well. To sustain its economy, Singapore is building casinos to attract corrupt money from China."​

 

[Cruxx]

 

[Papsmearer]

Most Indonesian banks were poorly capitalised. That's true. I thought his name was still very much associated with the bank up to the crisis. Mochtar Riady was more known for Lippo Bank or was there something that I missed out?

Mochtar Riady had a falling out (I think patched up long ago) at one time, and Riady left to form Lippo. Lippo primarily did most of its early business in HKG, whereas BCA was mostly in Indonesia.