The next night, Steve took a plane back to New York. This time, although he did not fully understand Feng Yu or these Chinese tycoons, he finally made some progress. The most important thing is that Feng Yu admitted that he had become the world's richest man. Now that he is the richest man, the next issue of Forbes will definitely sell better!
At the same time, Hu Run is also working hard. This issue of "Fengyu Business Weekly" will reprint the rich list of "Forbes", and "Forbes" will also reprint the data on their Chinese rich list, and about the clan. Qingxian's interview will be published in Forbes.
Time flies, and a new issue of "Fengyu Business Weekly" is released. Many people who subscribed discovered that this time Feng Yu, who has been rated as the richest man in Asia by Forbes, finally had an asset appraisal, worth 60 billion US dollars!
Previously, "Fengyu Business Weekly" either did not list Feng Yu among them, or the following assets were question marks. Only this time, specific values were given.
Everyone was shocked after seeing it. Some people who had learned about Feng Yu’s net worth from foreign magazines and other media knew that Feng Yu’s net worth was substantial, but they did not expect it to be so much. Even if the unit of assets is converted from US dollars to RMB, Feng Yu is still the richest man in China!
Some people who had never known how much Feng Yu was worth were shocked when they saw this data, especially when there were a few words after it - the world's richest man!
Is Feng Yu the richest man in the world? The richest man in the world is from China? !
This news was also noticed by the leaders above. Some frowned and felt that having too many personal assets was not a good thing. Others felt that this was money earned by others based on their own abilities and should be vigorously publicized and let foreigners know that Huaxia This country is not as closed as they say, and there is no talk of political confiscation of personal assets. Otherwise, how could the world's richest man appear
At this time, China was still vigorously attracting foreign investment and needed to rely on external funds for development. Feng Yu can be said to be a business card. If promoted properly, it will definitely attract more foreign investment and bring China's economic development speed to a higher level.
After final discussion, the leaders above decided to talk to Feng Yu, hoping that Feng Yu could provide more help to the country.
…
The new issue of "Forbes" magazine was released and updated the world's richest list. The number one on the list is no longer Bill Gates, but Feng Yu, with an asset of 60 billion US dollars!
Any assets followed by an integer are estimated. Many people are dissatisfied. Why is Feng Yu's asset estimate so high? I haven't seen how big a company Feng Yu is in charge of.
Bill Gates is in charge of Microsoft, but it was actually suppressed to second place. There shouldn't be any problem with this data, right
So they turned back, and there was an answer to Feng Yu's assets at the back. It says that Feng Yu's assets come from two companies and two holding companies. One is registered in the Magic City of China, and the other is in the Virgin Islands.
In both companies, Feng Yu is the controlling shareholder, and the specific shareholding ratio is unknown. Of the two holding companies, one has assets assessed at US$50 billion and the other at US$30 billion. In other words, Forbes estimated Feng Yu's average shareholding of 75%.
The market value of these two companies is not high, and is not worth mentioning compared with those companies at the top of the Fortune 500. Even if the stock prices of companies in the top 500 have fallen repeatedly, their market value is over 100 billion U.S. dollars. Even companies such as Microsoft still have a market value of over 300 billion U.S. dollars.
But what surprised them was that Feng Yu's shareholding ratio in these two companies was so high. What makes them most incredible is that these two holding group companies do not have many listed subsidiaries.
According to last year's asset evaluation, the annual income of these two companies was more than 20%. You must know that the vast majority of companies have been losing money in the past two years. Bill Gates and Warren Buffett are all losing money. Feng Yu can actually make money, and the profit is not low.
The larger the assets of a company, the lower the profit margin, but with a huge foundation, the profit amount will not be low. A company with sales of 100 billion has a profit margin of 5% and a profit of 5 billion. However, a company with sales of 10 billion has a profit margin of 20% and a profit of only 2 billion.
Bill Gates is also in the office, looking at the "Forbes" magazine in his hand. He does not need to order it. Every issue will be delivered to his office. This is one of his privileges as a top rich man.
Paul Allen opened the door and came in, slamming a copy of Forbes on the table: "Bill, how could that Feng have a net worth of 60 billion US dollars? Steve must have made a mistake!"
Bill Gates closed Forbes and looked up at Paul Allen: "So, which asset do you think is wrongly estimated?"
Paul Allen was stunned. He just didn't want to believe it. If he was asked to say which one was wrong, he couldn't tell. Of course, he also looked at Feng Yu's asset evaluation in detail. There were no big problems with the above evaluations.
This is all analyzed by Forbes magazine through some tax payment and other aspects, as well as some side understanding. Of course, they don't know about some taxes in China, so most of them are estimates.
Bill Gates looked at Paul Allen and said seriously: "I think there is something wrong."
Paul Allen was overjoyed, Bill saw the problem
"What's the problem? Tell me quickly."
"I think Steve's assessment of Feng Yu's net worth is too low!"
The joy on Paul Allen's face disappeared instantly. What do you mean, it's less? Does Bill think that Feng Yu's true net worth should exceed 60 billion US dollars? !
Bill Gates began to give examples to prove his point.
For example, Taihua Supermarket Group, Asia's largest retail group, has a low market value because it has many loans. The amount of loans available is not stated above. If Taihua Supermarket Group is listed, even if the stock price cannot reach the height of Wal-Mart, it will not be much different. After all, Huaxia has a larger population, supermarkets have greater passenger flow, and the turnover will definitely not be bad. And this company has not yet been listed.
For example, for companies such as Fengyu Electronics, the same reason is that the loan amount is too high, so the asset evaluation is not high. But if you look at how well Fengyu Brand's electronic products are selling and how strong their upward momentum is, you will know how much potential this company has. Moreover, this company has not yet been listed. If it is listed, the stock price will definitely skyrocket.
There are also similar products such as Fengyu Electric, Aihua Electronics, Aihua Electric, etc., all with huge potential.
Even Bill Gates believes that Feng Yu must have some corporate assets that have not been investigated. Bill Gates suspects that Feng Yu's assets should be comparable to his peak two years ago, which was 80 billion. Dollars and above!
Of course, this is just a guess. No one knows the exact amount except Feng Yu himself.
(End of chapter)