Asian Godfathers: Money and Power in Hong Kong and South-east Asia by Joe Studwell - 2008

Viva Books/Profile Books, 2008. First edition. Softcover. New. The economies of Hong Kong and south-east Asia are dominated by only forty or fifty families. Their interests range from banking to property, from shipping to sugar, from gambling to lumber. At their peak, eight of the world’s two dozen richest families were south-east Asian, yet they are largely unknown outside the region. A complex mythology surrounds them, one which informs Asian views on culture, entrepreneurialism and economics. In this explosive account, Joe Studwell finds that the facts are even more remarkable than the myths, as he lifts the lid on a world of hypocrisy, power and enormous wealth. This tour of Asia’s richest includes Hong Kong’s Li Kashing, the king of the billionaires; Stanley Ho, casino mogul, father of seventeen and flamboyant ballroom dancer; Malaysia’s Lim Goh Tong, creator of the vast Genting Highlands casino; Indonesian born-again Christian bankers; and the Philippines’ Lucio Tan, a tobacco billionaire who started out as a janitor. Through the hidden lives of these mysterious and fascinating men, Studwell explores the broader economic and political issues facing a region of 500 million people: how the Asian tycoons took such a strong hold over their local economies, how they survived the Asian financial crisis that began in 1997, and what their endurance teaches us about the real state of the countries they live in. Contents: Introduction • Author’s note • Part I Godfathers of yore • The context • Part II How to be a post-war godfather • How to be a godfather, #1: Get in character • How to be a godfather, #2, Core cash flow • How to be a godfather, #3: Structuring an organisation – chief slaves and gweilo running dogs • How to be a godfather, #4: Banks, piggy banks and the joy of capital markets • Part III Godfathers today: Defending the precious • The 1990s: Ecstasy and reckoning • Finale: The politics, stupid Printed Pages: 364. Asian Godfathers: Money and Power in Hong Kong and South-east AsiaJoe Studwell9781861977014