Tag: finance

Bill Gates Praises This Finance Book as “Thrilling”

When the founder of Microsoft recommends a book, it is likely a good idea to add it to your ever growing wish list.

CNBC reports that billionaire, not-quite-playboy, philanthropist Bill Gates was hosted for a CNN interview and recommended Billion Dollar Whale, by Tom Wright and Bradley Hope.

“It’s a sad story of corruption in international finance, but fascinating. As Bad Blood is to biotech, Billion Dollar Whale is to international finance,” Gates explains.

 

Billion Dollar Whale by Tom Wright and Bradley Hope

Image via Amazon

John Carreyrou’s Bad Blood documents the rise and fall of Theranos, a blood-testing start-up valued at $9-billion before being exposed for fraud. Billion Dollar Whale follows Malaysian businessman Jho Low, the mastermind behind the 1Malaysia Development Berhad Scandal involving a complex web of illegitimate offshore companies, A-list celebrities, the Middle East, and Wall Street. He is now on the run.

“Not as profound as [Steven] Pinker, [Paul] Scharre, [Hans] Rosling,” Gates adds, “But a wonderful read, very quick, thrilling.”

Gates has previously recommended books that are known to be comparably more hopeful and enlightening. His latest book recommendation is something of a cautionary tale worth heeding.

Fun fact: Low used some of the money to finance The Wolf of Wall Street.

 

 

 

Featured Image via CNBC