KUALA LUMPUR, Nov xx — A luxury yacht once owned by Malaysian fugitive Low Taek Jho, infamous for its ties to the 1Malaysia Development Berhad (1MDB) scandal, has found new life...
Court bans 17-year-old student from holding driving licence for five years after crashing into cop’s motorbike, causing serious injuriesKUALA LUMPUR, Nov xx — A luxury yacht once owned by Malaysian fugitive Low Taek Jho , infamous for its ties to the 1Malaysia Development Berhad scandal, has found new life under a different name and ownership.when it was sold to the Genting Group for a discounted price of US$126 million in 2019.
The superyacht can accommodate up to 26 guests and 31 crew members, and it underwent several refits between 2021 and 2023., Draak’s new owner is none other than US video game developer-turned-billionaire, Gabe Newell. He is a Harvard dropout and former employee at Microsoft where he helped create the first versions of the Windows operating system.President and co-founder of Valve Corporation Gabe Newell seen here in a recently released documentary commemorating the 20th anniversary of ‘Half-Life 2’.
He is also estimated to be the wealthiest person in the video games industry and the top 400 wealthiest in the United States, with a net worth of an estimated US$9.5 billion , Known only as Project Y722, the custom craft is estimated to be valued at US$335 million and is set for delivery in 2025. — Picture courtesy of Oceanco
Equanimity Low Taek Jho Superyacht Gaben Gabe Newell Oceanco
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