LOST MILLIONS

Gisborne Times, Volume LXXII, Issue 11405, 5 January 1931, Page 5

LOST MILLIONS

THEN DIES IN EXTREME POVERTY.

DEATH IN GAS-FILLED KITCHEN.

iII.P.A. by Elec. Tel. Copyright) (Received Jan. 4, 7.10 p.m.) LONDON, Jan. 3.

Mohammed Alasegoff, 42, Egyptian financier, once one of the richest men in the world, was found dead in a gas-filled kitchen at- Golder’s Green, along with his cousin Zainulabdin. Both died in most extreme poverty. Mohammed Alasegoff, after educa*tion at Cambridge, returned home to Singapore during the latter part of the rubber-boom. He invested his large inheritance and became a millionaire within a year. He did not know the extent of his own wealth. Ho was , the centre of distinguished social circles and entertained lavishly. • Eventually lie turned his. attention to the turf, and had palatial stables with picked race horses from Australia. Mohammed _ Alasegoff drove around the city with a magnificent high tandem, with, a gorgeous liveried Indian footman. He . wa.s also among the leaders arranging a welcome to the Prince of Wales a.t Malaya, and feted every distinguished person visiting Singapore. Mohammed Alasegoff’s troubles began during the rubber slump in 1920-21. He sold out his interests, and invested in tin. He was at Hollywood' last year, when the tin interests also crashed. Rescuing the interest fraction of his former fabulous fortune, he went to Nice and lost every penny at the gambling tables. His cousin had to send his fare to bring him to London.