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Billionaire sets world record by racking up $2.6 mn champagne bill

New York, July 24 (ANI): In what could be called as a lavish fight, a pair of rival billionaires set a new world record at a New York nightclub to see who could order the most champagne.

Zhen Low- the younger brother of big-spending Malaysian billionaire Jho Low-squared off against Winston Fisher of the prominent New York real-estate family at Les Caves du Roy nightclub in St. Tropez.

At the end of the night, Low was the "winner" by raking a bill of a staggering 2 million euros-or 2.6 million dollars- according to an announcement made at the club, reports the New York Post.

Witnessing the revelry/rivalry were Thor Equities CEO Joseph Sitt, SBE CEO Sam Nazarian and Paris Hilton, who helped Jho Low celebrate his 28th birthday last year at a four-day party in Las Vegas.

The Low brothers are third-generation members of a distinguished Penang-based family involved in industries ranging from real estate to high-tech across the world. (ANI)

FBI carries out sweeps of Texan billionaire Stanford's Antigua bank

Washington, Feb.15 (ANI): Texan billionaire Allen Stanford is under investigation by the Federal Bureau of Investigation (FBI).FBI agents are examining the Antigua-based Stanford International Bank (SIB), which has paid investors returns twice as large as conventional banks, after former employees said they witnessed "unethical and illegal practices".It is part of a wave of investigations by the Securities and Exchange Commission - the American equivalent of the Financial Services Authority - and other regulators amid fears that some investment.....
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