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A unique and incendiary memoir from an entrepreneur who rose to the highest realms of power and money in China and whose wife was disappeared, Red Roulette reveals the truth of what is happening inside the country's wealth-making machine. After the Communist Revolution, Desmond Shum's grandfather was marked as belonging to a black category that included former landlords and rich peasants--meaning the Shums would be stigmatized and impoverished. As Desmond was growing up, he vowed his life would be different. Through hard work and sheer tenacity Shum earned an American college degree and returned to China to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China's male-dominated society. Whitney and Desmond formed an effective team and, aided by relationships they formed with top members of the red aristocracy, vaulted into China's billionaire class. Soon they were developing the massive air cargo facility at Beijing International Airport, and they followed that feat with the creation of one of Beijing's premier hotels. They were dazzlingly successful, traveling in private jets, funding multi-million-dollar buildings and endowments, and purchasing expensive homes, vehicles, and art. But in 2017, their fates diverged irrevocably when Desmond, while residing overseas with his son, learned that his now ex-wife Whitney had vanished along with three coworkers. This is both Desmond's story and Whitney's, because she cannot tell it herself.
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Desmond Shum, who was born in Shanghai and raised in Hong Kong, was part of a private equity team that invested in the first NASDAQ-listed Chinese technology firm, and he later undertook investments in technology, finance, and real estate in the Greater China region. He developed the largest air cargo logistics facility in China, the Beijing Airport Cargo Terminal. He also led the development of the Bulgari Hotel in Beijing. In addition, starting in the early 2000s, he was an early pioneer of philanthropy in China, gifting extensively both domestically and internationally. He is an Honorary Trustee of Tsinghua University, one of China's most prestigious universities, and he's a Henry Crown Fellow of The Aspen Institute. Desmond holds a Bachelor's degree in Finance and Accounting from the University of Wisconsin-Madison in the United States, and is a graduate of the joint-EMBA program of Northwestern University (US) and the Hong Kong University of Science and Technology.
