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Jho Low - Yacht -Yacht Name: Equanimity -Yacht Length: 91 m (300 ft) -Guests: 28 in 14 cabins -Crew: 33 -Yacht Value: US$ 250 million -Owners name: Jho Low -Jho Low Net Worth: US$ 1 billion -Owners company: Jynwel Capital -Owners Country: Malaysia - The US filed criminal charges against Jho Low in a in a money laundering investigation
Luxury Yacht Equanimity
The yacht Equanimity is built by Oceanco and was delivered to her owner in June 2014. The yacht has a length of 91.5 meters and is built of steel with an aluminum superstructure.
Andrew Winch Design
Her interior design is by Andrew Winch, while Azure Naval Architects was involved in the engineering. The yacht can accommodate 26 guests in 9 staterooms and has a crew of 28. Equanimity’s features include a spa and beach club, a beauty salon, a gym, a sauna, a Turkish bath and a large pool. The interior has some oriental inspired themes, using materials as wenge, bamboo and gold lead.
50th Largest Yacht in the World
She is currently - 2017 - the 54th largest yacht in the world. The meaning of the word Equanimity can be described as ‘a mental calmness, even in a difficult situation’. All photos on this page by Dutch Mega Yachts.
An Owner with Chinese Roots
SuperYachtFan received two different messages: one stating that Do Won Chang is the owner of the yacht, and another stating that Malaysian billionaire Jho Low is the owner of the yacht. Several sources in the yachting industry do mention that the owner of Equanimity has Chinese roots. And since Mr. Jho Low’s grandfather was born in China, this makes him a possible owner of the yacht. In June 2017 this info was confirmed in a USA criminal court case.
Malaysian born billionaire Jho Low is the owner of the yacht Equanimity. His ownership of the yacht was confirmed in a US Court case.
Jho Low is the co-founder and Chief Executive Officer of Jynwel Capital Limited, an international investment and advisory firm based in Hong Kong. Through Jynwel Capital the family owns a share in EMI Music Publlishing, Myla Lingerie and the Park Lane Hotel in New York. Low is the grandson of Chinese-born mining and liquor entrepreneur Meng Tak. Tak built his fortune in Thailand in the 1960s and 1970s through iron-ore mining and liquor distilleries. He invested his profits in real estate.
Strategic Resources Global
Low’s father Tan Sri Larry Low Hock Peng (known as Larry Low) continued to invest the family's fortune in real estate and in stock markets. The family’s investment holding company Strategic Resources Global Limited holds stakes in Coastal Energy, and FrenckenGroup. Larry Low was conferred Commander of the Order of Loyalty to the Crown of Malaysia, by the King if Malaysia, which carries the title “Tan Sri”.
The US authorities filed a criminal case again mr Jho Low, claiming that he transferred US$ 1 billion in funds from the Malaysian authorities to a private account. The Complaint alleges that 1MDB – a strategic investment and development company wholly-owned by the government of Malaysia - formed a joint venture with a Saudi oilextraction company call PetroSaudi International (“PetroSaudi”), and that 1MDB initiated multiple funds transfers to the joint venture in relation to energy investments in Turkmenistan and Argentina. The Complaint alleges that the funds for this investment were improperly diverted to a bank account in Switzerland, held in the name of Good Star Limited, which was beneficially owned not by PetroSaudi or the joint venture, but by LOW Taek Jho, a/k/a Jho Low (“LOW”).
The complaint alledges that Jho Low used the US$ 1 billion for his private benefit. Some of the items he purchased:
- The yacht Equanimity for US$ 250 million
- A Bombardier Global 5000 private jet (registration N689WM) for US$ 35 million
He bought several pieces of art:
- a Vincent van Gogh painting for US$ 5 million
- two paintings by Monet: Saint-Georges Majeur for US$ 35 million and Nympheas for US$ 58 million
- two paintings by Pablo Picasso: Tete de femme” US$ 40 million, and Nature Morte au Crane de Taureau for US$ 3 million . He gifted this painting to Leonardo Dicaprio for his birthday.
Also he bought real estate:
- A penthouse in the Walker Tower in New York for US$ 50 million
- The Laurel Mansion in Beverly Hills for US$ 31 million
- The Qentas Townhouse in London for US$ 40 million
- A penthouse in Stratton Street, London for US$ 60 million
He also bought a US$ 27 million 22-carat diamond pink necklace and he chartered the 147 meter yacht Topaz for one week for US$ 3.5 million.
In June 2017 the United States was starting civil forfeiture of all these assets
Motor yacht Equanimity owned by Malaysian billionaire Jho Low.
Do Won Chang
SuperYachtFan received a message, stating that Do Won Chang is the owner of the yacht Equanimity. But this info is incorrect.
Do Wong Chang is the founder of the female clothing retailer Forever 21. Do Won Chang was born in South Korea and moved to the US in 1981 at the age of 26. He started working at a gas station, cleaning cars. He found out that clients with nice cars, all worked in the clothing business. So three years later in 1984, he opened a clothing store in Los Angeles named Fashion 21. The store was very successful and Chang soon opened more stores.
One of the US largest retailers
Nowadays the company - renamed Forever 21 - has almost 500 stores and is the US’ 5th largest retailer. The original LA store is still open and still named Fashion 21. Forbes estimates the net worth of Do Won Chang at US$ 5.4 billion.