The richest person in Chinese entertainment

Chapter 278: $7 million in donations to establish a foundation
June 6th, an ordinary day.

But for penguins, it is an extremely important time.

Because today, Tencent will be listed on the Hong Kong Stock Exchange.

This means that starting from today, Penguin will also achieve capital transformation.

In 98, in a small office, a group of entrepreneurial teams who failed in the bidding could not bear to see the products they worked hard to create buried, so they started their entrepreneurial journey.

During this period, they went to various large companies to seek investment, and Pony Ma even chatted with people on the Internet to attract users.

All will be rewarded on June 2004, 6.

As of March this year, QQ has 3 million registered users, with a peak of 3 million concurrent online users, making it the undisputed No. 600 instant messaging software in China.

At the same time, the company's revenue this year has reached 12 billion yuan
It is precisely because of this huge user base that Penguin's listing has attracted much attention. Everyone wants to know how high Penguin's stock price will reach on the first day of listing.

"Didn't Pony invite you to ring the bell? If you go, the stock price will probably go up several levels."

"No, just make money quietly. There's no need to make a big fuss. No matter how much the increase is, it's just a small amount of money."

Zhang Chen, who had already returned to China to prepare for the "Singer" program, was now back in his office, staring at the computer screen.

Although he told Liu Yifei that he didn't care, he did spend money after all.

He still cares about Penguin's stock price, but he just doesn't want to be too high-profile.

He has always claimed that he is a person in the entertainment industry, and even matters related to the Internet are handled by his subordinates.

Although it may seem like an attempt to cover up one's own faults, being a Penguin shareholder has both advantages and disadvantages.

However, the benefits are dispensable to Zhang Chen, and there is no need to publicize them when only the disadvantages are left.

"I'm coming."

The little girl hugged Zhang Chen's neck from behind and stared at the computer screen excitedly.

He didn't care at all about the fact that men and women shouldn't touch each other.

Zhang Chen endured gentle attacks from behind again and again.

He just felt that it was very fragrant and soft.

He felt that Penguin's stock price didn't seem so attractive at this time.

"Well, let me take a look."

Zhang Chen leaned forward calmly and left the land of tenderness.

In front of Liu Yifei, you really have to have some self-control.

Where Zhang Chen couldn't see, Xiao Liu pouted, looking a little regretful.

I don’t know when Zhang Chen’s evasive behavior will end.

Both of them had their own ulterior motives, but their eyes couldn't help but look at the computer screen. After all, this was the real business.

I saw the lines on the computer slowly rising at a speed visible to the naked eye.

This also means that Penguin's stock is recognized by the market.

At the same time, it also marks that Penguin has officially entered the ranks of capital.

"Okay, Michael and the others should be here soon, and I still have to go and receive them."

"I also need to go!"

"Why are you acting like a follower?"

Zhang Chen looked helplessly at Liu Yifei who was holding onto his arm tightly.

I don’t know when Liu Yifei started to become a little clingy to me.

And when he was with him, he would do things that made Zhang Chen enjoyable but painful.

These things include but are not limited to "dribbling into people".

Although, the ball is a bit small.

But no matter how small a ball is, it is still a ball. You can still feel it clearly every time it is bumped or squeezed.

Especially now that it is June and it is summer, the clothes are light and thin, which is quite a test for Zhang Chen who is at the prime of his life.

But the little girl was not yet an adult, so he couldn't do it.

So I can only be in pain and happy.

That night, Zhang Chen entertained contestants from both countries and their respective mentors at his home:
Michael Jackson and Rihanna

Madonna and Beyonce,

Will Smith Lady Gaga,

Celine Dion and Teller Swift

Zhang Guorong and Lin Junjie,

Luo Dayou and Wang Xinling,

Princess and Liu Yifei,

Liu Huan and Yao Beina,

And Zhang Shaohan
Zhang Chen looked at the 17-member group in front of him and said with some emotion: "Everyone, long time no see."

"No, I see him every day." Liu Yifei raised her hand and interrupted.

Zhang Chen rolled his eyes. The good atmosphere of the gathering of old friends was completely ruined by Liu Yifei: "When I first hosted The Voice of China, I said that I would donate all the income from the world tour. In a few days, it will be time to fulfill my promise."

"I've been waiting for a long time, over there in the desert, ah"

Michael Jackson was most concerned about this matter.

During this year, a lot of people died in the desert, and the culprit was his own country.

During this period, he has been touring around the world with a guilty conscience, with the aim of raising some money for those who are suffering.

"Let me tell you how much money The Voice of China will donate in the past year."

Zhang Chen could more or less understand Michael Jackson's psychology.

But although he understood it, it was after all the business of someone else's country, and Zhang Chen couldn't say anything in front of them.

Afterwards, Zhang Chen handed a financial statement to several people, which recorded in detail the charity expenditure and income of the "Voice of China" program.

These are all real data, and Zhang Chen did not falsify them.

And considering Zhang Chen's worth, there is no need to ruin his reputation for the sake of money.

First of all, there are 9 songs released by eight students plus Zhang Shaohan under Zhang Chen. Because it is a compilation album of "The Voice of China", all the revenue is counted together. The physical album sales are 3500 million copies. After deducting the cost, the revenue is about 7000 million US dollars.

In terms of digital music, the total download volume of the 9 songs was approximately 1.2 million times, of which Morning Light Music (United States) contributed approximately 9000 million, or approximately US$1.8 million.

The total number of downloads of the five songs in China is 5 million times, about 3000 million RMB, which is about 6000 million USD. After seeing this report, several Chinese mentors and students looked at each other and felt a little ashamed.

The gap is too big.
But after seeing what happened later, they felt a little better.

Because part of the download data of Morning Glory Music (USA) was also contributed by them, with about 1000 million paid downloads, which is about 2000 million US dollars.

Although it is not a lot, the fact that Chinese songs have been paid for downloads by 1000 million people around the world is already a huge improvement. Although it has to be divided by 5 when distributed to each person, at least it looks much better.

"Next is the income from the concert." Zhang Chen looked at the expressions of the crowd, especially the ones from China.

There is nothing we can do about the limitations of Chinese songs.

But he didn't care, because he had expected such a result. He didn't comment on it, but continued to explain another set of data to the others:
During this year, "The Voice of China" and other parties held 68 concerts around the world, selling a total of about 300 million tickets.

This brought in a total of $10 billion.

"Your appearance fees also need to be deducted from this." Zhang Chen closed the account and made a summary to several people.

"Lyon."

"Michael, you have to accept this money." Zhang Chen interrupted Michael Jackson and signaled to the newbies with his eyes, "Everyone's appearance fee is the same, 1 US dollars per person per show, don't think it's too little."

"This..." Michael Jackson looked at the newbies who were surprised and smiled helplessly, "Okay."

It’s not that he thinks it’s too little, but that he doesn’t want to take it.

After all, compared to his actual appearance fee of $500 million per game, $1 is not even a fraction of it.

But it was originally agreed to be a charity tour, and he really didn't want to charge a penny.

But after hearing Zhang Chen's words and taking a look at his students and several other newcomers, he also understood the significance of Zhang Chen's move.

For talented singers like these, $68 is really nothing, but for those singers who have just debuted, this money may allow them to solve some of the most basic problems on their singing path.

"So, after deducting the concert's operating costs, record production costs, and Morning Light Music's management fees, the profit from physical albums was $7125 million, the profit from digital songs was $3161 million, and the profit from concerts was $6 million, totaling $7.286 million."

"hiss--"

Everyone who heard this number couldn't help but gasp.

They really didn't expect that 17 of them could create such a huge fortune.

However, some of them were relatively calm.

Michael Jackson and Madonna knew about concerts, having held world tours themselves.

Although they only receive appearance fees and do not participate in the profits from concert tickets, they still have some understanding of the economic impact a concert can bring.

If we really want to take into account the appearance fees of the two, then the profits from the 68 concerts will have to be deducted by about $5 million.

If we take into account several other talented singers who are not very famous in the world, the cost will have to be deducted by about 5000 million US dollars.

Therefore, the reason why we can have such a huge surplus of money this time is mainly because each singer, regardless of their status, was only charged 1 yuan per show as an appearance fee.

"I called everyone here this time to discuss how to spend this money."

"Didn't you say to donate it?"

Zhang Chen patted Liu Yifei on the head, signaling her not to interrupt: "Donating it can indeed solve the problem once and for all, but I think setting up a foundation is the only way to put the money to good use."

Donate?
Which organization should I donate to?

The Red Cross? Or the United Nations?
Zhang Chen felt that it was not the optimal solution.

And
Zhang Chen's eyes fell on Michael Jackson who was lost in thought: "Michael, are you interested in becoming the chairman of a foundation?"

"Leon doesn't participate in the operation of the foundation?" Michael Jackson raised his head and looked at Zhang Chen in surprise.

The initiator of this project is Zhang Chen. He doesn't understand why such great power should be handed over to him.

A foundation with a scale of more than 7 million US dollars, as long as it is managed properly, can generate 4000 million US dollars in interest every year. I wonder how many people will envy the rights that this money brings.

"I usually have a lot of things to do, so I won't be involved in the daily operations. I will just keep the position of a supervisor and the right to veto."

$4000 million a year in activity funding may seem like a lot, but if all the people are brought together, the actual expenses that can be spent each year will be greatly reduced.

In addition, we have to frequently accept requests from all parties and raise funds for charity.

Zhang Chen is such a lazy person that he really doesn't want to get involved in such troublesome matters, so he might as well leave it to the loving Michael Jackson.

As for retaining the veto power, that is as it should be.

After all, Zhang Chen is the initiator, and he will definitely not give up the rights he deserves.

Rather than being busy doing this kind of work, Zhang Chen would rather earn some money standing behind the scenes.

For example, Penguin, which had already passed its listing date, saw its share price soar after the opening.

Although Zhang Chen's 45% stake was diluted to 33.75%, he himself was one of the driving forces behind the rise in stock prices.

After half a day, he also purchased about 3% of the total share capital from the secondary market.

Penguin's total share capital when it went public was 16.8 billion shares, with an opening price of HK$4.375 and today's closing price of HK$4.625. The first-day transaction volume was HK$19.48 billion, with net income of approximately HK$14.4 billion.

The Hong Kong Island retail issuance portion received subscription applications for 67 billion shares, which was 158 times oversubscribed.

Zhang Chen owns about 36% of the shares, about 6 million shares, worth about HK$28 billion, or $3.215 million.

Based on the initial investment of 300 million US dollars, Zhang Chen received a 107-fold return on his investment in Penguin.

With this rate of making money, Zhang Chen really doesn't think highly of the little money that has been established in the foundation.

"Sister Fei, Madonna, are you interested in being a vice president?"

"I forget it." Madonna is also a lazy person and doesn't want to get involved.

"I"

The princess hesitated. Under normal circumstances, she should participate on behalf of China, but she was afraid that she would not be able to do it well.

"Is this a sign of things to come with Li Yapeng?"

"Don't talk nonsense!" The princess hastily denied, "That's not the case."

"The paparazzi have taken the photos. They are all our own people. Just accept it. Hahahaha."

After the concert in China ended, reporters photographed Li Yapeng and the princess entering the hotel.

This is also the most talked about topic among netizens recently. They are all guessing when the two will make their relationship public.

"Okay, I'll do it. It's okay for me to be the vice president." The princess looked at Zhang Chen helplessly, and took the job reluctantly.

She knew that Zhang Chen was usually busy, so she asked her to take this position in order to balance the rights between China and the United States.

At this time, she regretted playing mahjong with Sun Fangping so often, otherwise she would not have been chosen by Zhang Chen to deal with such a troublesome matter.

On June 6, the cast of "The Voice of China", who had held a long meeting at Zhang Chen's home, held a grand press conference in front of the Morning Light Building in the capital of China.

　How about giving Xiao Liu a position in the foundation? Hahahaha

　　
　
(End of this chapter)