Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 357 Le Jiahao's Desire to Build a Career (1)
After being beaten by Li Xiaofeng, Le Jiahao went home and complained to his family, wanting to take revenge on Li Xiaofeng, but was opposed by Le Mengyao.
In addition, Wei Jianjun's previous instigation of Le Jiahao made Le Jiahao resentful towards his sister.
He had always advocated that the Le family should continue to invest in film and entertainment in mainland China. He was especially envious of Li Xiaofeng's large-scale investment in the film and television industry, which had made him a lot of money and brought a beauty like Yang Bing into his life.
In addition, Le Mengyao's investment in Gage Media resulted in significant losses, while she only made a small profit by following the trend of investing in real estate. This led her to question her sister's abilities.
Soon, he went to the chairman's office of the Le Group and started arguing with Le Mengyao.
"Sister, our Le family started out in film and entertainment. Now that we're investing in the mainland market, we should leverage our strengths and continue investing in the film and entertainment industry."
Didn't you see that guy surnamed Li? He told you he wanted to invest in the real estate industry, and even pretended to be kind, offering to sell you his piece of land. He was actually misleading you so you wouldn't compete with him.
Look what he's doing now! He's been relentlessly developing the film and entertainment industry, and now he's even launching a video website—he's trying to create a complete film and entertainment chain!
Although Le Jiahao is a spoiled rich second-generation, he still has some knowledge and insight into the film and entertainment industry due to his upbringing in the Le family.
Le Mengyao sighed and said helplessly, "That's the theory, but the actual implementation is another matter. You don't know the cost of living until you're in charge of the household."
When doing business, you can't just look at the long term, you also have to look at the present. The most important thing is to survive first, and then you can think about future issues.
The reason we're investing in real estate now is because our Le family's businesses in the Hong Kong area aren't making much money and we're short of cash flow. The film and television industry is also quite risky; what if we lose money?
Furthermore, without substantial financial backing, any industry cannot develop successfully.
You should know that Li Xiaofeng established a film and television company several years ago, but he did not make large-scale investments, and he let Fang Huiya explore the industry as if she were just dabbling in it.
The reason he dares to vigorously develop the film and entertainment industry now is primarily because his real estate investments have brought him huge returns, and his control of the large advertising company, Kage Media, gives him the confidence to invest in the film and entertainment industry.
Le Jiahao asked in surprise, "Sister, is our prestigious Le Group now inferior to that nouveau riche surnamed Li who has no family background?"
Having been accustomed to being the young master of a wealthy family and receiving constant praise, his tone was filled with resentment.
Le Mengyao took a deep breath and said earnestly, "Although I don't want to admit it, we really can't compare to them. Although our Le family may seem to have a big image on the surface, if we really compare with them, our financial strength is definitely not as strong."
Another point is that you may have noticed that his investments are always timed very accurately. In particular, the two large-scale price corrections in the mainland real estate industry in recent years not only did not hurt him, but also allowed him to make a profit.
Last year, in particular, he went all in, selling not only the company he founded, Wanzhong Media, but also the land he owned.
Many people, including myself, laughed at him for being foolish. But what happened? Last year, he not only avoided a stock market crash, but also made a fortune in the real estate market.
Le Jiahao tentatively asked, "Did he make a lot of money?"
"Let me put it this way, he cashed out five or six billion yuan from Wanzhong Media alone, and later Wanzhong Media's stock price plummeted to one-sixth of what it was before."
He used the cash he obtained to buy up real estate at rock-bottom prices last year. By the end of the year, housing prices had recovered to pre-crash levels, allowing him to make a substantial profit.
In addition, taking advantage of the economic crisis and the stock price crash, he turned around and acquired a large number of shares in Architectural Media, forcing Losi to sell his shares in Wanzhong Media back to him.
This year's real estate market boom has boosted his net worth by at least 10 billion yuan. How can we compare to him now?
"More than 10 billion...?" Le Jiahao's eyes almost popped out of their sockets, he was so shocked that he couldn't speak.
"Yes, what others need to struggle and fight for decades to accumulate wealth, he only needs to resell it once and in less than two years to earn it!"
Le Mengyao sighed again, somewhat regretfully saying, "Sigh, if only I had listened to him sooner, our Le family could have made a fortune too."
This is the main reason why I made up my mind to focus all my efforts on investing in real estate, and as it turns out, my decision was correct.
The real estate market is booming right now, and the prices that had fallen have rebounded. Given the current price trend, once this real estate project is completed, Lejia will be able to make a lot of money.
"Once our Le family's strength has recovered, it's not too late to consider investing in the film and entertainment industry."
Le Jiahao said unhappily, "What good is the little money you transferred to me? It can only fool a few newly debuted models. It can't even handle celebrities with a little bit of fame!"
Le Mengyao said earnestly, "You're not young anymore, you should start thinking about finding a serious girlfriend instead of just messing around in the film and television industry."
Over time, you'll ruin your reputation. Those respectable girls from wealthy families won't bother with you then. Where will you find a decent girlfriend then?
"I'm still young and haven't had enough fun yet. Having a girlfriend around would be too much trouble. If I got married, it would be even more troublesome, and I wouldn't be able to enjoy myself as much as I wanted."
Besides, the reason why someone surnamed Li can make it in the film and television industry is because he has a lot of women, all of whom are very beautiful. Xin'er has become his woman, and as far as I know, Yang Bing has also fallen into his arms.
And I, the dignified heir of the Le family, can only date a few young models, and even dating a decent celebrity is a struggle. Is this a life fit for a human being?!
Le Mengyao said with a stern face and a firm tone, "Can you compare yourself to them? They started from scratch and are both self-made and entrepreneurial!"
Besides, people get into film and television to make money. They make movies, TV shows, variety shows, and even create video websites—it's all about building an industry ecosystem, not about picking up girls. How can you compare them to them?
Then, she said earnestly again, "Your family is very pleased that you want to do things for the family. As long as you work hard and achieve something, those big stars will naturally flock to you!"
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