Feng Yu and the rest started to close their short contracts, and their funds are being withdrawn.
Every closing of a contract will bring him high profits. Kirilenko is also in London, and he cannot afford to make any mistakes.
Feng Yu is more relaxed. After this, even if he does nothing in the future, his position as the World's Richest Man will not change.
Feng Yu had only invested a few billion USD initially, and he had invested in oil futures, stock market, currency market, etc. Crude oil futures rose, and although the leverage he used was not high, it was not low either. This allowed him to double his funds easily.
Then, oil prices plunged again, and Feng Yu's funds doubled again. This time, the leverage Kirilenko used is higher, and his investments are more diversified.
Many people are guessing how much money Feng Yu has now.
Steve Forbes felt that Feng Yu's net worth must be more than 100 billion USD. But he did not expect Feng Yu's profits from financial investments alone is more than 100 billion USD, and Feng Yu's other businesses are still making money.
Feng Yu does not dare to say he had made more than all the financial groups. Those European and US financial groups had also invested a lot. But if Feng Yu said he made the second most, no one dares to say they are the first.
This investment is not over, and Feng Yu's profits are still increasing.
Crude oil prices are still falling, but it will stop falling and continue to rise.
Not to mention the OPEC member countries, many of the world's top oil giants, and they are all big financial groups. Can they bear to see crude oil prices remain low for a long time?
Especially the US, which is producing shale oil. The cost of producing this oil is more than 60 USD per barrel. If crude oil prices remain the same at 40 USD, the more they produce, the more losses they will suffer.
These oil giants also own a lot of oil fields, and they want crude oil prices to rise. The higher the better.
This was in line with their interests, and the shale oil technology that they had painstakingly researched could be put to use.
Besides, the current price of crude oil was obviously lower than its true value. This would definitely not last long. Once those large consortiums continued to manipulate the price, things would become much more troublesome.
Feng Yu had some information channels in many countries around the world. He could get enough first-hand information and analyze it to get the answer he wanted.
However, Feng Yu would never publicize these answers. He preferred to make a fortune in silence.
Those investment companies advertise that they can make a 30% profit on the day they predict a certain stock, or that they can make a 30% profit by selling short on the same day they predict a certain futures.
First of all, they will predict 10 stocks that belong to different categories. Usually, when the market is doing well, there will be one or two stocks that are doing well. They can advertise how accurate their predictions are.
As for those who had lost money before, they selectively forgot about them.
Of course, this was a relatively low-end method. There was also a high-end method.
One boss controlled several investment companies, and two companies invested in opposite directions.
For example, one company bet on crude oil rising and listed a lot of evidence. When crude oil rises, they can brag and advertise it to attract more investors.
Another company bet on crude oil falling, and they also have their own reasons. If crude oil happened to fall, then the company would have enough capital to brag about and attract a large amount of investment.
Maybe these companies will not make money at the start, but when crude oil rises or falls, they will attract more investors. With more funds, they will have more room to maneuver.
Many investment companies in Europe and the US are like this. The boss behind the scenes is the same person, and these two companies will argue with each other in the media.
After a period of time, one company became popular, and the other company went bankrupt and was merged by the popular company. The investors do not know that these two companies are owned by the same boss.
Those big financial groups would never tell you how much profit they made. Those top consortiums' parent companies are not listed, and their funds are more flexible and secretive.
Take Warren Buffett for example. Many people know that his investments in stocks are very profitable, but it is not easy to invest in his companies.
Also, Warren Buffett is used to investing in the long term, and he might not make a lot of money in three to five years.
That's why speculators like Soros are favored by many investors. They can make money fast, and the profits are high. But many people forget that the risks are higher.
Feng Yu also wants to set up a consortium, and Taihua Holdings and Wind and Rain Holdings are the two pillars of the consortium.
The subsidiaries of the consortium will operate independently, but the consortium will help them if they encounter any problems. Also, the consortium can raise funds anytime if there is a good investment. If any subsidiary company encounters difficulties, the consortium will also have sufficient funds to help.
But it is not easy to upgrade a holding company to a consortium. Feng Yu is not worried about his control over the subsidiaries. With his reputation and status, his subordinates will not dare to do anything.
The benefits he gives his subordinates will also make them disdain to do anything. Although Feng Yu no longer has his name in any of the subsidiaries, everyone knows that Feng Yu is the real boss in any of the subsidiaries. He is their boss's boss.
The biggest difference between a consortium and a holding company is that a consortium's assets must be large. If a consortium does not have at least 100 billion USD, it is not worthy to be called a consortium.
Even if a consortium has 100 billion USD, it is only a small consortium. A big consortium must have at least one trillion USD worth of assets.
Another saying is that the consortium must have a certain level of political influence. Political economy is not a joke, and any large consortium must be proficient in it.
In terms of assets, Feng Yu has more than a small consortium, but he is still a distance away from a big consortium. But the investments he made during this period are enough for him to be the head of a medium-sized consortium.
As for political influence, Feng Yu has a special status in China. Even when he is overseas, Feng Yu had hinted to his subordinates to build relationships with many politicians.
A cold stove is useful at critical times. This will also help Feng Yu to gather information.
The problem now is if Feng Yu wants to set up a big consortium, will the government support him?
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