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Showing posts from May, 2008

Bankrupt at 72 Years Old, Millionaire Again at 82!

82-year-old Comeback Kid Bounces back from Bankruptcy’. At the age of 72 years old, Lim Tow Yong was declared a BANKRUPT. The company he founded in the 1960s, Emporium Group Holdings which he built up to a sales revenue of $300 million has been crippled by the recession of the mid-80s and severe competition. His company chalked up debts of over $100 million. Most people at the age of 72 would either be dead or half-dead. Instead of feeling sorry for himself, he picked himself up decided to START ALL OVER AGAIN at the age of 72. He began going back into the retail business by setting up joint ventures with partners in Sabah, Labuan and Brunei. Ten years later, at the age of 82, he sold his 17 stores and supermarkets for $4.2 million makeing him a millionaire all over again! Can you imagine this? I truly salute this man. So for all those of you who are whining, bitchng and complaining that you are too old, too tired and no money to make your millions, then stick this article on yoru w...