Personal Wealth
Taib owns a mansion in Demak Jaya which overlooks the Sarawak River. According to photos in the July to December 2006 newsletter of Naim Cendera Holdings Bhd, Taib's living room is decorated with gilt-edged European-style sofa sets. Taib Mahmud is reported to wear double-breasted suits, driving around in Kuching in his cream-coloured Rolls-Royce Silver Shadow. Laila Taib and her children are the majority shareholders of Sitehost Pty. Ltd., Australia, which owns Adelaide Hilton Hotel, according to Aliran Monthly, the reformist Malaysian magazine. Taib was described as "flamboyant with expensive tastes" and had reportedly purchased a piano once belonged to late American showman Liberace for US$2 million.
Read more about this topic: Abdul Taib Mahmud
Famous quotes containing the words personal and/or wealth:
“Your children don’t have equal talents now and they won’t have equal opportunities later in life. You may be able to divide resources equally in childhood, but your best efforts won’t succeed in shielding them from personal or physical crises. . . . Your heart will be broken a thousand times if you really expect to equalize your children’s happiness by striving to love them equally.”
—Marianne E. Neifert (20th century)
“Ill fares the land, to hastening ills a prey,
Where wealth accumulates, and men decay:
Princes and lords may flourish, or may fade;
A breath can make them, as a breath has made;
But a bold peasantry, their country’s pride,
When once destroyed, can never be supplied.”
—Oliver Goldsmith (1730?–1774)