Lou Pai Net Worth is$270 Million
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Date of Birth: 1946
Lou Lung Pai is a Chinese-American businessman with a net worth of $270 million. Lou Pai made his net worth by being the CEO of Enron Energy Services and Enron Xcelerator. Pai was born in Nanjing, China, but obtained his Bachelor's Degree and Masters Degree in economics from the University of Maryland. Pai is currently referred to as "the invisible CEO".
Lou Lung Pai (Chinese: ???; pinyin: Bai Loulong) born Nanjing China 1946, is a Chinese-American businessman and former Enron executive. He was CEO of Enron Energy Services and Enron Xcelerator, a venture capital division of Enron. He left Enron with over $250 million. Pai became the second largest land owner in Colorado when he purchased the 77,500-acre (314 km2) Taylor Ranch, though he later sold the property in 2005.
Lou Pai has not been charged with any criminal wrongdoing in the Enron scandal and has exercised his 5th Amendment right in regard to the subsequent Enron class action lawsuit. However, as a result of the lawsuit, Pai forfeited $6 million due to him from Enron's insurance policy for company officers to a fund for Enron shareholders.
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".
Pai was born in Nanjing, China and came to the United States at the age of two. Pai obtained both his B.S. and M.S. in economics from the University of Maryland, College Park, where his father was a mathematics professor.
A mathematics whiz, he was instrumental in getting Enron into the trading business. His frequent visits to strip clubs led to an affair with a stripper, Melanie Fewell. His wife, upon finding out about it, filed for divorce. To meet his divorce settlement, he cashed out of Enron an amount believed to be around $300 million just before the company's collapse. Between May 18, 2001 and June 7, 2001, Pai sold 338,897 shares of Enron stock and exercised Enron stock options that put another 572,818 shares on the open market. At the time, the shares averaged $53.78 per share. An attorney for Pai says sale of the stock was part of the divorce settlement, insulating Pai from insider trading charges, adding "He's the only guy who's ever been lucky to get divorced." Pai then married hi

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Lou Pai Latest News

Former Enron exec Lou Pai agrees to pay $31.5M settlement

Lou Pai, a former top executive at Enron Corp. who cashed out close to $300 million in stock just before the 2001 collapse, has agreed to pay a $31.5 million settlement, one of the largest individual ...
Posted: July 29, 2008, 10:21 am

Exec who allegedly made $270M off Enron to pay SEC $31.5M

The amount Lou Pai, 60, agreed to pay is the highest Enron-related settlement reached between an individual and the Securities and Exchange Commission, and the agency said it is one of the highest ...
Posted: January 9, 2019, 2:30 pm

FCC's Chairman Pai: Following Huawei ban, we're working to help rural wireless customers

Speaking exclusively to Lou Dobbs on his eponymous program Friday, Pai said concerns about rural America are ones he shares “not just as a regulator but as a rural American myself having grown up in ...
Posted: November 23, 2019, 4:11 pm
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