EGYPTIAN LOSES HIS MILLIONS.

Star (Christchurch), Issue 19269, 5 January 1931, Page 5

EGYPTIAN LOSES HIS MILLIONS.

ENDS LIFE IN GAS-FILLED KITCHEN IN LONDON. (United Press Assn.—By F.lectric Telegraph—Copyright.) LONDON, January 3. Mohammed Alasegoff, aged fortytwo, an Egyptian financier, once one cf 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 after his education at Cambridge, returned home. He was in Singapore during the latter part of the rubber boom. Lie invested a large in heritance and became a millionaire within a year. He did not know, at that time, the extent of his own wealth He was the centre of a distinguished social circle and entertained lavishly Eventually he turned his attention to the turf and stocked his palatial stables with picked racehorses from Australia. Alasegoff drove around the city a magnificent tandem team, with a gorgeous liveried Indian footman. lie was also among the leaders in arranging for the welcome to the Prince of Wales at Malaya and feted every distinguished person visiting Singapore. Alasegoff’s troubles began during the rubber slump in 1920-21. He sold out his interests and invested in tin. lie was at Hollywood last year when tin interests also crashed. Rescuing the merest fraction of his former fabulous fortune, he went to Nice and lost every penny that he had at the gambling tables. His. cousin had to send him his fare to bring him to London.