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Chinese billionaire puts $170MM painting on his Amex, gets free flights for life
Posted on 11/28/15 at 12:49 pm
Posted on 11/28/15 at 12:49 pm
170 million points will fly you anywhere.
LINK
Of course, he has a Centurion Black card. There's a reason behind it:
LINK
quote:
Chinese billionaire Liu Yiqian, who doesn't exactly struggle to afford a plane ticket, can now likely fly free, in first class, with his whole family, anywhere in the world, for the rest of his life.
Of course, he has a Centurion Black card. There's a reason behind it:
quote:
China allows its citizens to transfer no more than $50,000 out of the country in any year, and using his card could help him get around this limit because he's just paying back American Express or the bank in China who issues his card.
3
Posted on 11/28/15 at 3:23 pm to foshizzle
Think he's buying Les miles contract out too.
Posted on 11/28/15 at 4:30 pm to Martini
quote:
Think he's buying Les miles contract out too.
Norm Chow to LSU
Posted on 11/28/15 at 7:59 pm to foshizzle
Chump change. That's a week for most of us.
This post was edited on 11/28/15 at 8:00 pm
Posted on 11/29/15 at 10:40 am to foshizzle
Why would a billionaire fly commercial?
Posted on 11/29/15 at 1:08 pm to cwill
quote:
Why would a billionaire fly commercial?
Does China not allow a billionaire to fly in their airspace in a gulfstream?
Posted on 11/29/15 at 6:24 pm to kywildcatfanone
Does he have $170M liquid cash to pay it off the next month? 
Even though he is worth $1.4B, a $170M painting feels like a lot.
Even though he is worth $1.4B, a $170M painting feels like a lot.
Posted on 11/30/15 at 3:57 am to lynxcat
quote:
a $170M painting feels like a lot.
Sure, but he can resell the painting in the US circumventing exchange controls, fly to the US with his family and never worry about Chinese corruption police again. Or anything else for that matter.
Posted on 11/30/15 at 4:56 pm to foshizzle
quote:
Sure, but he can resell the painting in the US circumventing exchange controls, fly to the US with his family and never worry about Chinese corruption police again. Or anything else for that matter.
Acutally he can't now thanks to Obama
LINK
This post was edited on 11/30/15 at 4:57 pm
Posted on 11/30/15 at 5:28 pm to beebefootballfan
quote:
The list is part of "Sky Net", an initiative China unveiled in March to coordinate its fight against suspected corrupt officials who have fled overseas and to recover their ill-gotten assets.
Someone in the Chinese gov liked the Terminator movies and, I guess, appreciated the machines' form of "government".
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