Ans. Lou worked for the federal government in the 1970s before joining Enron. And love. In May 2001, Lou Pai suddenly stepped down from Enron. 1. Pai, a 54-year-old U.S. citizen from Nanjing, China, quit the company last June. Lous fathers name was Shih-I Pai, he was an aeronautics professor at the University of Maryland, where Lou completed his B.S. The property is 22 years old, which is four years younger than the average age of a building in Wellingtonof 26 years. Lou was CEO of Enron Energy Services from March 1997 until January 2001 and later CEO of Enron Xcelerator (a venture capital division of Enron) from February 2001 until June 2001. Wellington is a village just west of West Palm Beach in Palm Beach County and 66 mi north of Miami. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. As of 2019, the city had a population of 65,398 according to U.S. Census Bureau estimates, making it t. Lou Lung modified into born in Nanjing, China, and came to the united states of The US on the age of two. Ans. Lou served in the federal government in the 1970s before joining Enron Corporation. This includes his assets, money, and income. Ex-Enron boss Lou Pai pays $8M for Wellington equestrian estate - NewsBreak Lou Pai, who was a top executive at Enron prior to the company's collapse in the early 2000s, scooped up a Wellington equestrian estate for $8.2. Accounts of the Enron scandal have frequently portrayed him as a mysterious figure; a former Enron employee, interviewed in the documentary film Enron: The Smartest Guys in the Room, referred to Pai as "the invisible CEO". During Lous time with Enron, his regular strip club visits began to an affair with stripper Melanie Fewell (who was also married) as well resulted in a pregnancy. Upon knowing of the affair, Lous then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. Pai was the second largest land owner in Colorado after he purchased the 77,500-acre (314km2) Taylor Ranch for US$23million in 1999, though he sold the property in June 2004 for US$60million. There have been no reports of him being sick or having any health-related issues. Dr. Singer's office is located at 10115 Forest Hill Blvd., Wellington, FL. Press Esc to cancel. Rosanna Scotto Husband: Louis John Ruggiero Age, Wife, Children, Worth. Though married, Pai was known to: spend inordinate amounts of time during and after working hours in Houston-area strip clubs; use the Enron corporate jet for personal commuting; and, charge several-hundred dollars worth of lunches for himself and accompanying staff to the corporate expense account (until Chairman Ken Lay later prohibited it). Lou is related to Stephanie Pai Fleck and Brian Yung Chang Paias well as 3 additional people. Lou began offloading his company shares to satisfy his divorce settlement agreement on May 18, 2001. Urologists specialize in the male and female urinary tract and. CHRISPIN CARLO S MD and M.S. Pai's affinity for strippers and abusing corporate expense accounts was actually a big reason why he was able to walk away with such a large fortune. [10] As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. He was eventually brought up on some insider trading charges. Lou was the 2nd-largest land owner in Colorado (Western United States). After the divorce from Lanna, Lou, and Melanie Fewell married. Guided Meditation. Lou has a net worth of $270 million as of 2021. During his time owning the property Lou stirred up a hornet's nest of controversy with local residents of Mexican decent. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries. He was CEO of Enron Energy Services from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001. It's a downgrade, . 10101 Forest Hill Blvd, Wellington, FL, 33414 . He was CEO of Enron Energy Services. the property at 5625, 5605, 5679 and 5727 140th Avenue South in Wellington, FL with Lou L. Pai, a former executive with Enron (Google Maps, Alchetron)Lou Pai, who was a top executive at Enron prior to the companys collapse in the early 2000s, scooped up a Wellington equestrian estate for $8.2 million. Upon learning of the affair, Pais then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. He obtained both his B.S. Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. View the profiles of people named Lou Pai. He continues to neither admit nor deny the Securities and Exchange Commission claims that he sold millions of shares of Enron stock based on non-public information about the company's financial problems. His sister Sue Pai Yang eventually became the first Asian-American to be appointed to be a New Jersey Worker's Compensation judge. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries; Pai was CEO of the EES (Enron Energy Services) subsidiary from March 1997, until May 2001. Yup half of something is better than half of nothing and you can't really get him for insider trading given the circumstances. The property information displayed here is obtained from public records. Lous fathers title modified into Shih-I Pai, he modified into an aeronautics professor at the University of Maryland, where Lou performed his B.S. Lou Pai earned his net worth through his tenure serving as the CEO of Enron Energy. Below are 15 of the best things to do in Wellington. He Wants To Remain Lone Yoruba President Of Nigeria Yoruba Group Slams Olusegun Obasanjo, Tinubus Victory was Well Deserved FFK. Lou Pai was a recluse.Extremely introverted.Very reserved.That is.inside the office.Outside the office.Pai symbolised the legendary lavishness and excess. . Community. He was CEO of Enron Energy Services[5] from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. All net worths are calculated using data drawn from public sources. In addition, he was barred from serving as an officer or director of a public company for five years (until 2013). Upon learning of the problem, Pai's wife who is over 20 years old, Lanna, with whom she has two biological children, filed for divorce. However, Pai forfeited $6 million due to him from Enrons insurance policy for company officers to a fund for Enron shareholders as a result of the lawsuit. The house was sold for $365,000 on Feb 1, 2016. Lou attempted to enforce an 1844 Mexican Grant to restrict the number of landowners who could use the Taylor Ranch property to seven specific landowners, all who had continuously owned cattle in the area dating back to the grant date. 2023 Celebrity Net Worth / All Rights Reserved. Lou left Enron Corporation with more than $250 million. On this Wikipedia the language links are at the top of the page across from the article title. With over 30 years of business and estate planning, I help individuals and businesses create a velocity of money by having one dollar do multiple things. AboutPressCopyrightContact. As part of the settlement, Pai is also prohibited from serving as an officer or director of a public company for five years. [2][10] At the time, the price averaged $53.78 per share. Been married 15 years with two kids, to be fair I thought his marriage would last a year, but after I met her she changed my mind. The mansion sits on a wooded lot that is nearly five acres! Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. [16][17] Pai worked for the federal government in the 1970s before joining Enron. Lou Pai Wiki:- Lou Pai (Born: 23 June 1947; Age 75 years), who is also known as Lou Lung Pai, is a Chinese-American businessman. in economics from the University of Maryland, College Park, where his father, Shih-I Pai, was a prominent aeronautics professor. Lous net worth is $270 Million as of 2023, as he is a businessman and former Enron executive. 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Despite its reputation as a very closed, quiet, and closed person around the office, Pai also came to symbolize the legendary luxuries and excesses of Enron's corporate culture. src: jhm-cms.imgix.net John Charles Hagee (born April 12, 1940) is the founder and senior pastor of Cornerstone Church, a megachurch in San src: cdn.shopify.com Larry King (born January 30, 1945) is an American attorney, a real estate broker, a promoter, one of the founders of W src: slaveofjesuschristdotme.files.wordpress.com Charles Frazier Stanley (born September 25, 1932) is the senior pastor of First Baptist Ch src: assets.entrepreneur.com Michael G. Rubin (born 1972) is an American businessman. 1. Sue Pai Yang", "Enron veterans flourish due to 'mystique', "Ex-Enron executives form Midstream Capital", "Ex-Enron exec Pai target in many lawsuits", "Former Enron Executive Pai Agrees to Insider-Trading Settlement", "10 Enron Players: Where They Landed After the FallLou Lung Pai: A Big Stock Seller, With a Taste for Glitter", "Christy Raisbeck And Fernando Win Horse Of Course High Score Award At Houston Dressage Society Spring Classic I Show", https://en.wikipedia.org/w/index.php?title=Lou_Pai&oldid=1137379202, University of Maryland, College Park alumni, Pages containing links to subscription-only content, Short description is different from Wikidata, Articles containing traditional Chinese-language text, Articles containing Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, US Securities and Exchange Commission(?1986), This page was last edited on 4 February 2023, at 09:08. Lou is 74 years old as of 2021, he was born in1947, in Nanjing, China. Lou Lung Pai was born on 23 June 1947, his birthplace is Nanjing, Republic of China. Between May 18 and June 7, 2001, Pai sold 338,897 shares of Enron and exercised Enron stock options which put 572,818 more shares on the open market. Pai worked for the federal government in 1970 before joining Enron. The companies were formed over a twenty year period with the most recent being incorporated one year ago in August of 2021. After all, if you can buy up all the shares being sold then the price doesn't fall. The story of the Enron scandal often portrays him as a mysterious figure; former Enron employee, interviewed in the Enron documentary: The Smartest Guys in the Room, calls Pai the "unseen CEO". Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. Worker 's Compensation lou pai wellington, florida the property is 22 years old as of 2021, he was from! 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