The next night, Steve flew back to New York. This time, although he did not fully understand Feng Yu or these Hua Xia tycoons, he had made some progress. Most importantly, Feng Yu had admitted that he had become the world's richest man. Then, the next issue of < Forbes > will surely sell better!
At the same time, Hu Lian was also working hard. This issue of < Wind and Rain Business Weekly > will reprint < Forbes >'s World's Richest Man List. < Forbes > will also reprint their Hua Xia's Billionaires List. Also, the interview with Zong Qingxian will be published in < Forbes >.
Time flies, and the new issue of < Wind and Rain Business Weekly > was released. Many people who had subscribed to it found that this time, Feng Yu, who had been rated as Asia's Richest Man by < Forbes >, finally had his assets valued at 60 billion USD!
Previously, < Wind and Rain Business Weekly > either did not list Feng Yu in it, or the assets behind it were all question marks. Only this time, the specific value was given.
Everyone was shocked when they saw the value. Some people had read about Feng Yu's net worth from foreign magazines and other media. They knew that Feng Yu was rich, but they did not expect it to be so much. Even if the unit of assets was converted from USD to RMB, Feng Yu would still be Hua Xia's Richest Man!
Some people who did not know Feng Yu's net worth were shocked when they saw this figure, especially the words "World's Richest Man"!
Feng Yu had become the World's Richest Man? The World's Richest Man is Hua Xia's man?!
This news was also noticed by the higher-ups. Some people frowned and felt that having too many personal assets was not a good thing. Some people felt that this was someone else's money earned by his own ability, and they should publicize it. They should let the foreigners know that Hua Xia was not as closed as they thought. There was no such thing as the government confiscating personal assets. Otherwise, how could the World's Richest Man appear?
At the moment, Hua Xia was still trying to attract foreign investment and needed external funds to develop. Feng Yu could be said to be a business card. If he were to advertise properly, he would definitely be able to attract more foreign investors and bring Hua Xia's economic development to the next level.
After a final discussion, the higher-ups decided to talk to Feng Yu, hoping that Feng Yu could provide more help to the country.
…
< Forbes >'s latest issue had updated the list of the world's richest people. The person at the top of the list is no longer Bill Gates. It is Feng Yu. His net worth is 60 billion USD!
Anything with a whole number behind it was estimated. Many people were unconvinced. Why was Feng Yu's assets estimated to be so high? I don't see Feng Yu managing a big company.
Bill Gates is the head of Microsoft, and he is still suppressed to second place? Is there something wrong with the data?
So they flipped to the back, and there was an answer to Feng Yu's assets. It was written that Feng Yu's assets came from two companies. Two holding companies. One of them was registered in Hua Xia's Shanghai, and the other was registered in the Virgin Islands.
Feng Yu is the controlling shareholder of both companies, but the exact proportion of his shares is unknown. One of the two holding companies is estimated to be worth 50 billion USD, and the other is estimated to be worth 30 billion USD. That means < Forbes > had estimated Feng Yu's shares to be 75%.
The market value of these two companies is not high, and it is nothing compared to the top 500 companies of < Fortune >. Even if the share prices of the top 500 companies had fallen, their market value is still more than 100 billion USD. Even Microsoft and other companies are worth more than 300 billion USD.
But the people were surprised to see Feng Yu's shares in these two companies are so high. What surprised them the most was that these two holding companies do not have any listed subsidiaries.
Based on last year's asset valuation, these two companies' annual returns are more than 20%. Most companies, like Bill Gates and Warren Buffett, are losing money in the past two years. But Feng Yu is making profits, and the profits are not low.
The bigger the company's assets, the lower the profit margin. But with a large foundation, the profits will not be low. A company with sales of 100 billion USD will have 5 billion profits with a 5% profit margin. But a company with sales of 10 billion USD will only have 2 billion profits with a 20% profit margin.
Bill Gates is also in his office, looking at the < Forbes > magazine in his hands. He does not need to order the magazine, and every issue will be delivered to his office. This is one of his privileges as one of the top tycoons.
Paul Allen entered and threw a copy of < Forbes > on the table. "Bill, how can that Feng's net worth is 60 billion USD? Steve must have made a mistake! "
Bill Gates closed Forbes and raised his head to look at Paul Allen. "So, which asset estimate do you think is wrong?"
Paul Allen was stunned. He does not want to believe Feng Yu, and he cannot tell which asset is wrong. Paul Allen had read Feng Yu's asset valuation, and there are no problems with it.
These were all analyzed by < Forbes > through the analysis of taxes and other aspects. They also had some understanding of the situation from the side. Of course, they do not know about Hua Xia's taxes, and most of it is just an estimate.
Bill Gates looked at Paul Allen and said seriously. "I think there is something wrong."
Paul Allen is overjoyed. Bill Gates knows something is wrong?
"What is it? Tell me."
"I think Steve had underestimated Feng Yu's net worth!"
The joy on Paul Allen's face disappeared. What does this mean? Underestimated? Could it be that Bill Gates thinks Feng Yu's net worth is more than 60 billion USD?!
Bill Gates starts to give examples to prove his point.
For example, Tai Hua Supermarket Group is Asia's biggest retail group. Their market value is not high, and the reason is that they have lots of loans. But the report does not state the amount of loans. If Tai Hua Supermarket Group is listed, their share prices will not be as high as Wal-Mart, but it will not be too far off. After all, Hua Xia's population is higher, and the supermarket's customers are higher. But this company is not listed yet.
For example, Wind & Rain Electronics, etc., the reason is that their loans are too high, and their assets are not high. But look at how well Wind and Rain's products are selling, and their share prices are rising. This shows the potential of this company. Also, this company is not listed yet. If it is listed, the share prices will shoot up.
There are also other similar companies like Wind and Rain Electronics, Aiwa Electronics, Aiwa Home Appliances, etc.
Bill Gates even felt that Feng Yu must have some assets that the higher-ups did not know. Bill Gates suspects that Feng Yu's net worth should be more than 80 billion USD two years ago!
Of course, this is only a guess. No one knows how much Feng Yu has, except for himself.
… …
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