Mon 06 September 2021:
Boris Johnson’s brother, Max Johnson, is putting in a lot of effort to salvage a 14 million pound investment. His attempts to invest in a Mongolian goldmine in the Gobi Desert have gone horribly wrong, with conmen stealing the money. Johnson has suffered a’significant’ personal loss.
He insists, though, that he is not seeking any favors from his brother, the British Prime Minister.
“I am not asking for any favours,” he was quoted as saying by The Times.
Max (36) is an Oxford graduate who majored in Russian and Polish. He traveled to Russia and then took a train to Beijing during his final year because he was enthralled by China’s growth story. He was the first British person to enroll in Tsinghua University, a prestigious Chinese university, to pursue an MBA degree.
He now owns and operates MJ Capital, an investing and advising firm. The firm makes investments in businesses who want to sell their goods in China.
Max is in a difficult situation, since his failing investment could reflect poorly on his brother, Boris Johnson.
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