As a pioneering new Internet technology company, Yigret has not had any such cases in the past. Therefore, when the financial report is released, the media generally evaluates Igret's market value based on the profit margins of software companies such as Microsoft and Oracle.
As we all know, the net profit margin in the software industry can generally reach more than 20%.
Igret's annual revenue is US$5.41 billion. Based on a theoretical net profit of 20%, it means that the company already has a potential profitability of US$1 billion.
In the past three years, only about 20 of the top 500 American companies have reached a net profit of US$1 billion.
Considering that Yigrite still maintained a revenue growth rate of 179% in 1993, if this company were to go public, a price-to-earnings ratio of 30 times would be very conservative, and even an IPO of 50 times would be more than enough.
A potential profitability of US$1 billion and a price-to-earnings ratio of 30 to 50 times mean that Igret's market value is already between US$30 billion and US$50 billion. Whether it is the media or the Wall Street financial giants who paid attention to the 1993 financial report of Yigrit, the valuation of this company is generally within this range.
Based on an estimated market value of US$30 billion to US$50 billion, taking the midpoint of US$40 billion, the total value of Simon's 90% stake in Ygritte has reached US$36 billion.
On the other hand, as of the close of trading on March 7, the total value of Simon's shares in Cisco and AOL was US$65.9 billion.
As a result, just the holdings of three new technology companies, Cisco, AOL, and Eagle, brought Simon a personal wealth of more than 100 billion US dollars.
$100 billion!
This figure is close to Simon's total personal net worth of $120 billion on the Forbes list last year.
However, the three companies are far from the entire Westeros system.
Just in the technology field, Simon is still the major shareholder of Microsoft, Intel, SUN, Oracle and other companies, and also has absolute control over Verizon Telecom and Nokia, two giants in the electronic communications field.
The other three of the four women, Daenerys, Melisandre and Cersei, all shine in their respective fields.
In addition, there are hundreds of other types of companies that the entire Westeros system directly or indirectly invests in or controls. No one can guarantee that these companies will one day suddenly transform into companies like Cisco, Big Macs like AOL and Ygritte.
According to the investment vision that Simon Westeros has proven many times, this is almost inevitable.
So, in addition to US$100 billion, how much are Simon Westeros’ personal assets in various other fields worth
Counting from Daenerys Entertainment Group.
This comprehensive entertainment industry giant, which will formally submit an IPO application next month, is expected to have an IPO valuation of US$40 billion. With Daenerys Entertainment’s strength in Hollywood, its market value after listing will definitely be high but not low.
Simon Westeros still owns 100% of Daenerys Entertainment's shares, which is directly equivalent to 40 billion US dollars.
If Cersei Capital estimates the value of the other two women, the total value of the equity part of the Westeros company is enough to reach tens of billions.
Another $10 billion.
After several years of rapid growth and continuous expansion, Melisandre has become a comprehensive luxury goods giant that is rooted in Europe and has not had a strong presence in North America. It relies on its Gucci, CK, Latour, Christie's, and Van Cleef & Arpels A series of other brands have also crossed the market value threshold of tens of billions of dollars.
Another $10 billion.
Nokia, which will release its 1993 financial report later in March, had a market value of 8.6 billion pounds, equivalent to US$13.3 billion, on the London stock market on March 7. Westeros' current stake in Nokia is 78.3%, with a total value of $10.4 billion.
Still a $10 billion.
Verizon Telecom, wholly owned by Westeros, relies on strong expansion in the mobile communications field. Based on the general sharp rise in the stock prices of telecommunications companies in the past two years, the market value has reached a conservative estimate of US$15 billion.
That's $15 billion.
In the North American technology stock market, Microsoft and Intel are closely chasing the three giants of Cisco, AOL and Eagle. Also due to various equity changes, Westeros' shareholdings in Microsoft and Intel have dropped slightly to 20.7% and 14.5%.
The market values of the two companies on March 7 were US$43.1 billion and US$32.9 billion respectively, and the total value of Simon's shares was US$13.7 billion.
As a result, giants such as Daenerys, Melisandre, Cersei, Verizon, Nokia, Microsoft and Intel are conservatively estimated to have contributed nearly $100 billion to Simon's net worth.
Taken together, that's $200 billion.
Roughly offsetting other overt or covert assets and debts of the Westeros company, according to various calculations in March 1994, Simon has become the world's first 200 billion US dollars rich man, and is still the only millionaire in the world. Billion dollar super rich man.
A personal net worth of US$200 billion is equivalent to 2.9% of the US$6.8 trillion US GDP in 1993, almost twice the ratio of wealth to GDP at the peak of the Rockefeller family.
According to the GDP ranking of countries around the world, Simon's personal GDP is equivalent to that of Sweden, which ranked 20th in 1993, with a GDP of US$209.9 billion.
Calculate based on another more comparable total national wealth, because this number is difficult to authoritative statistics. According to data provided by various organizations, the total national wealth is often equivalent to 4 to 6 times the GDP of each country, whichever is Calculated at 5 times the median value, Simon's wealth alone is enough to rank among the top 50 in the world, which is equivalent to the total national wealth of countries such as New Zealand, the Czech Republic, Egypt, and Hungary.
200 billion US dollars is already difficult for ordinary people to visualize. For those who can feel the hidden power contained in wealth, it is definitely a suffocating number.
On the other hand, regardless of whether one can feel the powerful power implied by wealth, the sentiment of 'hatred of the rich' has always been a ubiquitous social phenomenon and is easily incited.
Therefore, with the release of a series of recent financial reports of the Westeros system, the media statistics and exaggeration of Simon's latest personal net worth, as well as the criticism of Simon's personal luxury life in response to the London Girl incident, a potential crisis followed.
The crux of the matter also lies in this year's midterm elections.
Entering March, the candidates for U.S. state congressional seats who will compete for one-third of this year's rotation of 34 U.S. Senate seats and all 434 House of Representatives seats have entered the early campaign stage. The governors of 36 of the 50 states in the federation have also entered a transition year.
The voting day is unified on November 8 at the end of the year.
The U.S. domestic economy is improving, the unemployment rate is declining, the victory in the Gulf War and the disintegration of the Soviet Union have also brought the U.S.'s international prestige to its highest level. Everything seems to be moving in the direction that people expect, and there are no internal worries or foreign troubles. As a result, in the middle of this year The election was largely 'athemic'.
When many candidates are worried about finding a hot issue that can strongly attract the attention of voters, the wealth of the richest man in the federation has reached a new high, and he has also made super gossipy news such as the London girl incident. He is simply a target. .
So many unemployed people still cannot find a job, so many children still do not receive complete educational benefits, so many families are still struggling below the poverty line, and the American people are in dire straits, but you, Simon Westeros, He has earned a personal fortune of more than 200 billion U.S. dollars and lives a luxurious life like a king, which can be said to be the outrage of everyone.
It would be a shame to God if I don’t take action from you!
As a result, topics about Simon Westeros and the Westeros system were mentioned more and more frequently in election campaigns across the United States, and many of them were fueled by traditional paper media that still have huge influence. Similar topics have therefore been directed to how to restrain Simon Westeros's personal assets from continuing to expand 'unreasonably' and how to limit the continued rapid expansion of the Westeros system.
Connecticut's Democratic House of Representatives David Merloth, who has announced that he is seeking re-election, was the first to attack, pointing directly at the Westeros system's monopoly on the Internet industry. In the New Haven Daily News in New Haven, Connecticut's second largest city, " published a signed article exposing the monopoly Internet trust formed by the three giants Cisco-AOL-Egret, calling on the federal government and the American people to be vigilant that the overall scale of the Internet industry, which may reach trillions of dollars, should not be controlled by a single person. monopoly, and accused the Clinton administration's Department of Justice of inaction against this apparent monopoly. The article even hinted at the current president's interest in the Westeros system.
It has to be said that although David Merloth's article brought embarrassment to the White House and allowed the public to see the divisions within the Democratic Party, it also directly targeted the "seven inches" of the Westeros system in the Internet industry. .
After David Meloth expressed his stance, many candidates in other states began to play the card of suppressing the Westeros system, including candidates from both the Democratic and Republican parties. Because many of the candidates are current members of Congress seeking re-election, similar statements quickly developed into actual actions.
While lobbying or pressuring the federal Department of Justice to proactively launch an investigation, David Meloth also tried to unite a group of congressmen to establish a House of Representatives special investigation committee to launch an investigation specifically into the alleged industry monopoly in the Westeros system.
Due to public opinion, all the bills that the Westeros system is trying to promote have stalled. Most of the members are seeking re-election at this sensitive moment. No one dares to actively support the Westeros system and give others leverage. .
Moreover, this kind of targeted investigation is already considered mild.
Wisconsin's left-wing Democratic Congressional Senator Craig Ames even stated that he would seek to enact a special tax bill to impose a certain annual asset tax on the super-rich with a personal net worth of more than $1 billion to balance the situation. The social gap between rich and poor.
Craig Ames also specifically stated that the asset tax rate for the super rich with $1 billion is 0.1%, the asset tax rate for the rich with $10 billion is 1%, and the rich with a personal net worth of $100 billion have an annual tax rate of 0.1%. The asset tax rate is 5% of personal net worth.
According to this tax rate, the 0.1% asset tax for a billionaire only needs to pay $1 million, which is basically dispensable. The 1% asset tax for billionaires is only US$100 million, which is also not a big deal.
When it is the turn of a billionaire, with a net worth of US$100 billion, he will need to pay up to US$5 billion in asset taxes every year. Once this tax bill is passed, all the annual income generated by the personal assets of the billionaire may be collected by the federal government. , or more seriously, it may be necessary to sell assets or obtain loans to pay for this amount.
Therefore, the 5% tax rate is obviously not a figure randomly thrown out by a certain senator.
If it increases from 0.1%, 1% to 10%, it will really be unaffordable. After all, the wealth of most super-rich people is actually stock assets that are difficult to convert in the short term.
Moreover, as we all know, at this stage, there is only one super-rich person with a hundred billion US dollars in the world, Simon Westeros.
Based on Simon's personal net worth of US$200 billion at this time, once this special 'asset tax' is really introduced, the tax he will need to pay in the first year will be as high as US$10 billion.
In just three levels of tax rates, the tax amount has jumped from 1 million to 10 billion. This kind of strong targeting that will not offend the established super-rich but wants to cut off large chunks of Simon's flesh can be described as shameless.
However, Craig Ames's idea received a lot of media response as soon as it was proposed.
On the other hand, when politicians expressed their opinions one after another, it seemed that suddenly the world had been suffering for a long time, and many companies jumped out, claiming to be suppressed by the Westeros system.
Oracle's two main competitors, Informix and Sybase, claimed through the San Francisco Chronicle that they suffered unfair competition from the alliance between Oracle and Igret. Igret used its monopoly advantage in the Internet field to force a large number of Internet sites that use World Wide Web technology purchase Oracle's database products with which they have a close interest.
Not only that, Igret also deliberately refused to adapt to the database software of Informix and Sybase in terms of World Wide Web technology, and only specially optimized Oracle's products.
This malicious and unfair competition has caused the market shares of Informix and Sybase to fall from 23% and 19% three years ago to 11% and 6% now, almost on the verge of bankruptcy. In sharp contrast, Oracle's database software market share has surged from 33% three years ago to 69% now.
As this news appeared in the newspapers, the two companies immediately filed a lawsuit against Oracle and Igret, demanding an end to this malicious and unfair competition, and seeking a total of astronomical compensation of up to 3 billion US dollars.
Faced with the accusations made by the two database software companies, Igret quickly responded through a special article on its own portal website.
Ygritte and Oracle do have technical cooperation, and they do not deny that both companies belong to the Westeros system.
However, this cooperation between the two parties began in 1991, when the Internet industry was just in its infancy, and Yigrit was just a budding start-up company without any industry advantages. The two companies jointly invested a lot of manpower and funds in technology research and development just to more perfectly combine Igret's World Wide Web technology and Oracle's database software. The fundamental purpose is to promote the rapid development of the Internet industry.
Because of this cooperation, Oracle's database software is more adaptable to the World Wide Web technology environment, which is the result of the joint efforts of both parties. Other Internet companies use Oracle's products mainly because this company's software is more suitable for the World Wide Web technology environment. There is no forced purchase behavior, but a natural market choice.
Informix and Sybase's accusations that Igret refused to adapt their database software are even more unfounded, because software adaptation requires costs, and Igret has neither the obligation nor the ability to proactively carry out technical adaptations for all software vendors. This kind of The ridiculous request is like a family being asked to prepare a rest room for all the passers-by who pass by their house.
Moreover, Oracle's database market share in the Internet field is only 75%. There are many other outstanding database vendors in the industry, including Informix and Sybase themselves, all of which have their own place in this emerging field.
All in all, Informix and Sybase blame their own failures on other companies' lack of cooperation to help them, which is completely a rogue behavior hoping to get something for nothing.
Most traditional paper media can only affect one city or one place.
However, the influence of Ygrit Portal has spread all over the world. Therefore, after this front-page article of Ygrit Portal was published, most of the public began to psychologically favor Oracle and Ygrit.
In addition to this lawsuit, a small telecommunications operator in New York State called Settle Communications jumped out to accuse AOL of violating freedoms by signing a 10-year exclusive Internet access service agreement with three regional operator giants in 1990. The principle of competition is obviously suspected of monopoly, so a protest was filed with the FCC (Federal Communications Commission), requesting the FCC to intervene in the investigation and declare the agreement invalid.
Cisco has also been accused of using its patent lawsuit against a Michigan router startup to prevent the other party from supporting local telecom operators and thereby removing obstacles to AOL's expansion in the Great Lakes region.
The powerful influence of Yigrit Portal in the news and information business has also been mentioned again by traditional media. The Houston Daily Star of Texas believes that the wide influence of Yigrit Portal on public opinion has affected freedom of speech. , should be suppressed. At the same time, there is an obvious equity interest relationship between the three portals with the highest market share in the Internet field at this stage, the Igret portal of Igret Corporation, the AOL portal of America Online and the MSN portal of Microsoft. All three companies are Enterprises within the Westeros system, so the FCC should bring Internet media into the jurisdiction of the 'cross-media ownership ban' as soon as possible.
Even the dual-class share structures of Cisco and AOL have become the focus of attacks by some politicians and the media, arguing that the dual-class structures violate the equal voting rights of shareholders.
All kinds of things.
As various accusations against Cisco, AOL, Ygritte, and even many other companies throughout the Westeros system emerged across the United States, the top leaders of the Westeros system did not even bother to respond to them one by one.
At the end, the Igret portal simply issued a statement.
Since the late 1980s, in order to develop the Internet industry in the entire Westeros system, various subsidiaries have invested more than 10 billion US dollars in total.
Because of this kind of unremitting investment, the federal public has been able to use the ADSL broadband network in just a few years, and can enjoy free news information, email, social networking and other convenient services on the Internet platform, thus creating a new era. Internet era.
Certain companies or individuals who invent a completely new product can be protected by federal patent laws and earn large profits, and everything is reasonable and legal.
The Westeros system has single-handedly created the entire Internet era, and has proactively opened up a large number of patents for free to other entrepreneurs to join the World Wide Web platform. It is expected to bring trillions of social output value and tens of millions of dollars to the federation in the future. Brand new jobs.
Then, enjoying the rewards brought by this effort should be completely reasonable, reasonable and legal, instead of being labeled as a monopoly.
For those companies and individuals who try to infringe upon the legitimate rights and interests of the Westeros system through malicious litigation, illegal investigations or even **** means, the Westeros system will fight to the end and will never compromise!