Rebirth 2004: I can make money by writing.
Chapter 388 Becoming the richest man in Asia!
The annual rich list always attracts widespread attention from the public.
People look forward to seeing their favorite entrepreneurs on the list, but they don’t know that some wealthy people actually don’t want to be on the list.
Of course, if the source of wealth is legitimate, being on the list will undoubtedly be a great help to the company's brand promotion.
Take Hao Qiang, the richest man in China, as an example. His inclusion on the list has brought huge exposure to future motorcycles and future cars, saving considerable advertising costs.
2009 year 11 month 1 day,
The Forbes Huaguo Rich List was announced as scheduled in the capital, immediately sparking heated discussions among netizens.
Unsurprisingly, Hao Qiang once again topped the list.
Last year, his net worth reached 535 billion yuan, or about 78.7 billion U.S. dollars, ranking him 120th among the world's richest people.
This year, Forbes reported that Hao Qiang's wealth has soared to 1350 billion yuan, or about 198 billion US dollars.
The report details Hao Qiang's main assets:
1. Personal cash accounts for a large proportion.
I guess only he himself knows how much he still knows.
It is reported that Hao Qiang profited from the 2008 financial crisis, which, according to a financial institution, may have reached 110 billion US dollars.
2. Stock market investment
Tengxun holds a 6.44% stake, currently valued at 216 billion yuan, with investment profits exceeding 150 billion yuan within a year;
The U.S. stock market is unknown, at least $10 billion;
3. Renjian Catering Company is valued at 180 billion yuan, with an individual holding 90% of the shares;
It is said that they are currently preparing for Series B financing, so please look forward to the new round of valuation.
4. Hao Qiang's main financing (valued at 134.7 billion yuan):
Jingdong is valued at US$30 million, with Hao Qiang personally holding a 44.1% stake.
Yuecheng Tianci Materials Co., Ltd., valued at 15 million yuan, with Hao Qiang holding a 65% stake;
Huizhou Yiwei Lithium Energy Co., Ltd., valued at 15 million yuan, with Hao Qiang holding a 60% stake;
Jiangxi Ganfeng Lithium Industry Co., Ltd., valued at RMB 20 million, with Hao Qiang holding a 55% stake;
Sichuan Tianqi Mining Co., Ltd. is valued at 30 billion yuan, and Hao Qiang holds a 50% stake.
5. Future Motorcycle Company, Future Automobile Company and Galaxy New Energy Company did not conduct financing. Instead, they only assessed the value of the company's tangible and intangible assets and made conservative calculations.
6. Other undisclosed investment projects, such as real estate investment, of at least 10 billion yuan.
……
Forbes reported that organizations compiling rich lists usually use multiple channels for verification as much as possible to improve the accuracy of valuations.
However, there may still be large errors in the valuation of private companies.
If Future Motorcycle Company, Future Automobile Company and Galaxy New Energy Company raise funds and go public, the valuation can be calculated based on the latest round of financing, or listed companies in the same industry can be found to conduct analog valuations of unlisted companies based on their price-to-earnings ratio, price-to-sales ratio and other indicators.
Although Future Motorcycle Company has extremely advanced technology, Hao Qiang has no plans to expand its scale further as electric motorcycles are easily obsolete. Last year, the company sold 230 million units, with revenue of 80 billion yuan and net profit after tax of 25.3 billion yuan, with a valuation of approximately 400 billion yuan.
Since its listing, Future Auto Company has sold 4 vehicles and has made at least 70 billion yuan in net profit after tax, and this is only the sales volume of two months.
Due to the high technological content and high market share of future automobiles, the actual valuation will reach 2000 billion yuan.
Galaxy New Energy Company has currently demonstrated extremely high market potential and its valuation will exceed 600 billion yuan.
With this calculation, the valuation of the three subsidiaries will reach a terrifying 3000 billion yuan.
Including other wealth, Hao Qiang's personal wealth is expected to exceed 4000 billion yuan, equivalent to 585 billion US dollars, surpassing the current world's richest man.
Of course, the prerequisite is that his subsidiary must obtain financing.
According to inside information, Hao Qiang has no plans to raise funds for these three companies to go public, and their value can only be conservatively estimated.
Therefore, Hao Qiang's personal wealth is estimated to be 1350 billion yuan, which is relatively reasonable, but also conservative.
It is worth mentioning that he is only 23 years old!
He was already the richest man in Hua Country last year. Since he has no listed company and is not affected by the stock market, his wealth will continue to grow.
Forbes' estimate is not much different from Hao Qiang's systematic wealth.
If the main wealth is shares of listed companies, it is easier to calculate.
For example, Wang Chuanfu, who is ranked second on the domestic rich list this year!
Personal wealth is 450 billion yuan.
This is mainly due to the fact that BYD has gone public and the company recently received investment from American billionaire Buffett, which has further enhanced its strength. Its stock price has increased sixfold this year.
Although BYD's pure electric vehicles are not selling well, its other types of vehicles are selling well. It has also cooperated with Future Technology Group to obtain technical authorization for lithium iron phosphate batteries.
In addition, the popularity of new energy vehicles also triggered a surge in BYD’s stock price.
Therefore, Wang Chuanfu's net worth is several billion yuan higher than in his previous life.
Other wealthy people,
Due to the good real estate situation, Ms. Yang of Country Garden's wealth soared to 266 billion yuan, ranking 6th.
Boss Xiao Ma ranks 8th with a fortune of 260 billion yuan.
Wanda’s Wang rose from 36th place last year to 11th place with a fortune of 239 billion yuan.
Ma Baba, ranked 44th, with a fortune of 88.8 billion yuan.
Boss Xu of Hengda, ranked 87th, has a fortune of 62.8 billion yuan.
In general, the real estate situation this year is bright, and the wealth of many real estate bosses has increased significantly.
Guangdong Province accounts for five of the top ten richest people.
The entry threshold, that is, within the 400th place, has risen to 20.5 billion yuan.
Qiu Yuqing's father, Qiu Hai, has a wealth of 3.5 million yuan, which is still far from being on the list.
On the other hand, Han Qingying and Qiu Yuqing, because they hold 10 million shares of Tengxun, are worth 18 billion yuan.
It also holds Pingguo stocks worth tens of millions of dollars, which has actually reached the threshold for entry into the list. Qiu Yuqing ranks 370th, and the company name is "Yuecheng Luoye Zhiqiu Co., Ltd."
However, Han Qingying was not on the list.
In fact, there are many hidden wealthy people whose wealth reaches the entry threshold but are not on the list.
On the Forbes Global Rich List, Hao Qiang ranked 7th in the world with a net worth of US$198 billion, compared to 165th last year, a significant increase.
The world's richest man Bill's wealth has reached 400 billion US dollars, which is a significant drop from last year.
It is worth mentioning that last year Li Jiacheng’s wealth was US$190 billion, ranking 29th in the world.
This year, his wealth is US$162 billion, ranking 17th in the world.
The ranking went up, but the wealth value went down.
Due to the impact of the global financial crisis, the wealth of the world's top dozens of richest people has been seriously affected.
Therefore, Hao Qiang is already the richest man in Asia, truly surpassing Li Jiacheng.
After the Forbes domestic and international rich list was unveiled, it quickly attracted serial coverage from hundreds of domestic and foreign media outlets.
For example, a portal website: "Hao Qiang's 198 billion US dollars makes him the richest man in Asia"
Baidu portal website: "1350 billion yuan, Hao Qiang becomes Asia's richest man"
The Times: "23 years old, $198 billion, the world's youngest billionaire: Hao Qiang"
US Wealth: "23-year-old Hao Qiang creates a wealth myth"
……
This time, not only domestic media rushed to report on it, but foreign media also reported and reprinted it.
Hao Qiang is different from other wealthy people. He is on the list without any valuation of listed companies and holds a large amount of cash.
In terms of private cash flow, even the world's richest man Bill Gates doesn't have as much as him.
This guy casually took out billions of dollars.
Of course, in terms of corporate financial resources and global influence, Hao Qiang still cannot compare with Bill.
Netizens have been discussing the issue extensively in the comment sections of reports on various domestic portals.
"Wow, Hao Qiang is the richest man in Asia, with 1350 billion yuan!"
"Hao Qiang is so good at making money. He's only been in business for a few years, but his wealth has already reached hundreds of billions of yuan. I've been working for so many years, but my savings haven't even exceeded ten thousand yuan."
"Support Hao Qiang, the future of automobiles will be of high quality!"
"If Hao Qiang's company raises funds and goes public, he will surpass Bill and become the world's richest man in a matter of minutes."
"I think Hao Qiang is the world's richest man. Bill is nothing. Foreigners must be deliberately making conservative wealth estimates to maintain the face of the United States as a powerful country. I see that some wealthy people use profit multiples to make estimates."
"Hao Qiang's wealth calculation is too conservative. He should be the richest man in the world."
"Forbes' analysis isn't wrong. Hao Qiang isn't planning to go public right now, nor does he need to. It doesn't matter to him if others say he's worth one trillion or one hundred billion. He's rich anyway."
"At Hao Qiang's level, perhaps he doesn't care about the rich list at all."
"As long as Hao Qiang is the richest man in Asia, it's enough. Why should a Hong Konger be the richest man?"
"I'm a poor man, why would I care about how much money the richest man has? Who would care about me having less than a thousand dollars?"
"The one above is so amazing. You still have savings. I'm already in debt of over 100,000 yuan."
……
This year, Hao Qiang became the richest man in Asia, with media coverage scrambling to report on the matter and generating strong social response.
This also represents the rapid economic development of mainland China and the growth of private enterprises.
More than ten years ago, the combined wealth of the top ten richest people in inland China was less than that of the richest man in Hong Kong.
Hao Qiang's fans seemed happier to see that Hao Qiang had become the richest man in Asia than if they had made a fortune themselves.
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