America's Road to Fame

Chapter 357 Tesla's IPO
Many people often compare the protection of the interests of the married couple, especially the woman, with the American law, and compare it with the situation in China. In fact, many of the "good" are the beauty produced by distance.

It can also be seen from Li Hong's divorce. Before Li Hong's ex-wife filed a divorce lawsuit with him in the United States, many of the demands were not supported by the court. As a result, he had an idea and wrote a few small essays in Huaguo. Always impulsive, always full of tears" With the help of enthusiastic netizens, I got money that I couldn't get in a lawsuit in the United States.

If the laws of the United States are really so good, why doesn't she go to the lawsuit and bother to write a small essay?
However, William Chen doesn't need to worry too much about these, because just like his marriage with Ivanta, Ivanta has already signed a contract with him at the beginning, and if they divorce later, there will be no harm to William Chen's property. any personal appeals.

And William Chen will not be a stingy person. He also proposed an agreement that if he divorces Ivanta, half of his shareholding in TC Business Management Company will be given to Ivanta as compensation.

Currently, TC Business Management holds 5% of the shares held by Ivanta; 25% by Tru Group; and 70% by William Chen.

Once the two divorce, Ivanta will hold 40% of the shares of TC Business Management Company and become the company's largest shareholder, while William Chen's shareholding will drop to 35%.

But even so, Chen William will still not lose control of this company, because TC Commercial Management Company also sold a total of 25 billion US dollars of convertible corporate bonds to the Meta Group, and assumed 10 billion US dollars from Goldman Sachs and Morgan Stanley. financing.

Therefore, when necessary, William Chen can request that these corporate bonds be converted into company stocks, and he will immediately regain control of the company.

Of course, this is only when necessary. Just like nuclear weapons, the deterrent effect is the greatest. Once it is used, the situation is already out of control.

This is just a way for Chen William to closely combine the interests of himself and Ivanta. I am afraid that in the end, he will not use it. He still has confidence in this point, because he knows Ivan enough. Ta, she's a sane person who doesn't do stupid things.

……

Chen William once again came to the Meta Future Building. After he transferred all the shares of the Meta Group to the Caitlin Foundation, in this year's Forbes list, Chen William still ranks among the richest people in the world with a net worth of more than 100 billion US dollars within the top [-].

The world's richest man this year is still Mexico's Carlos Slim Helu, whose personal assets are $740 billion.However, many people believe that if William Chen did not donate the shares of the Meta Group to the Caitlin Foundation, he would be a strong contender for the richest man, and he might even be the richest man already.

Because all the companies under the Meta Group are developing well, the valuation this year is much higher than last year. When William Chen donated the Meta Group before, some people estimated that those assets exceeded 600 billion U.S. dollars, and now it will only increase. high.

However, William Chen himself doesn't care too much about these, because he understands that if he really wants to be the richest man in the world, it is very easy for him, but it is even more important if he is not found to be the richest man in the world. Challenging too.

After the Caitlin Foundation obtained all the shares of the Meta Group, they put the 18.5% shares of Goldman Sachs Group and the 12.5% ​​shares of Citigroup held by the foundation into the Meta Investment Company, which will allow the Meta Investment Company to have a financial And investment strength has been strengthened.

And after the Kettering Foundation invested in gold futures last year, it took out 10 billion US dollars for charitable donations, and the remaining more than 54 billion US dollars continued to invest in US stocks.

Now these funds are also merged with the US$150 billion that Meta Investment Company originally purchased in US stocks. So far, the market value of the stocks held by the two has exceeded US$430 billion, and only one of them has been sold. A fraction of a small share of stock is enough to support the Kettering Foundation's $30 billion in charitable giving this year.

At present, the securities investment under Meta Investment Company is mainly divided into three funds:

The John Paulson Fund reached 200 billion U.S. dollars during the subprime mortgage crisis last year, and was managed by John Paulson. John Paulson can get half of the company's profit share .

It’s just that after the glory of the subprime mortgage crisis, the performance of this fund in the process of economic recovery was not particularly impressive. Up to now, the rate of return is only around 50%. The short-selling results of the European debt crisis.

The 50% rate of return is the lowest among the three funds, but it is not bad compared to other funds.Anyway, this fund has always been able to provide Meta Investment Company with a stable share of income, so at present, the power is mainly delegated to John Paulson to operate, and William Chen will not interfere any more.

The second fund is Tianshu Fund under the leadership of Chen William. This fund also raised 200 billion US dollars at the beginning, of which 150 billion US dollars were invested in the US stocks selected by Chen William, and the remaining 50 billion The U.S. dollar was shorted in the European debt crisis, making a profit of 20 billion U.S. dollars and buying the bonds of the Atlanta Fund.

There are still 50 billion US dollars of funds. William Chen is using the 50 billion US dollars of funds to go long on gold while his offshore fund is shorting gold futures.Anyway, he doesn't pursue short-term gains, knowing that gold will definitely rise a lot in the future, so he can just use these funds to go long.

Now the total market value of Tianshu Fund has exceeded 380 billion US dollars, and the rate of return has exceeded 90%.

The third fund is Kaitlyn Fund, which originally merged with Freedom Fund of Meta Investment Company, and now has a total market value of more than 430 billion U.S. dollars, which means that since buying U.S. stocks last year, the fund’s income The rate exceeds 100%.

In addition, Meta Group’s current holdings in HC Fashion Group, Tru Group, Tesla, and SpaceX, as well as its holdings in Goldman Sachs Group and Citigroup, are all under Meta Investment Company.

After Nielsen became the CEO of Meta Investment Company, he did not blindly continue to invest, but continued to consolidate the existing investment. This time William Chen came to Meta Investment Company mainly because Tesla was preparing for an IPO recently. Nasdaq stock market listing.

According to Musk's original plan, he planned to conduct Tesla's IPO last year, that is, in 2010. However, at that time, the subprime mortgage crisis happened, the economic situation in the entire United States was deteriorating, and the performance of US stocks was also very tragic. There are also a lot of companies that have lost 90% of their market value.

Therefore, in the face of this situation, Musk had no choice but to temporarily suspend Tesla's listing and financing plan, and instead issued preferred shares worth US$15 million from William Chen at a valuation of US$1.5 billion.

Prior to this, William Chen invested US$5000 million and US$3 million in Tesla in two separate rounds, obtaining a total of 35% of Tesla shares.

This time, although the timing of Tesla's IPO is not good, after all, although the US stock market is recovering, the European debt crisis has also had an impact on the US economy.

But he probably doesn't want to wait any longer, because Tesla is about to launch a new electric sedan, the Model S. For the production of this mass-produced car, they hope to acquire Toyota's Fremont plant in California as part of Tesla's new model. The main car manufacturing plant.

And Musk also needs to make a choice, that is, whether to use part of the funds raised by this IPO to return to William Chen. Of course, he can choose to convert the 1.5 million US dollars of preferred shares purchased by William Chen into Tesla's common stock, but in this case, William Chen's shareholding in Tesla will increase to 41.5%, which is already a very high shareholding ratio.

Even if he issues 10% of the outstanding shares in Tesla's IPO, William Chen's shareholding is still 37.35%, which is close to his shareholding ratio.You know, after the IPO, not only William Chen, but Musk's own shareholding will also be diluted.

(End of this chapter)