Hong Kong's new giants
Page 561
"Okay, Chairman!"
It goes without saying that it is to let the three carriages take Lin Wenjie to accumulate more experience.
This time, Lin Wenjie was deeply involved in the $240 billion acquisition, and he was almost the leader. Yuan Tianfan became a qualified tutor, who supervised and guided while delegating power.
After the acquisition, there are still a series of tasks, and naturally the three masters will teach apprentices together.
In fact, some people don't understand, Lin Zuhui is only 47 years old, why is he in such a hurry to retire?
Fortunately, the eldest son of the boss has indeed inherited the mantle of the boss, which made everyone very satisfied with his skills.
At the end of the meeting, Lin Zuhui left Lin Wenjie behind.
"Do good work. In the next one or two years, I will transfer most of the shares of New Times Group to you in the form of trust!"
In 2006, Xiangjiang had already abolished inheritance tax and other related taxes, so the inheritance of the rich does not need to worry about reducing assets.
Lin Wenjie was shocked and said, "Father..."
Lin Zuhui waved his hand and said: "You just need to know, don't think too much, and work hard. In short, wealth is not an issue for our family, only families with insufficient wealth will fight over it. I will give you most of it earlier. Shares also hope to dilute wealth and keep a low profile."
He intends to donate 34.8% of New Times Group shares to Lin Wenjie in one or two years, and keep more than 16% of the shares for himself.
"Okay, father." Lin Wenjie said calmly after stabilizing his emotions.
"Well, let's go!"
Lin Wenjie should understand that he can only get the majority shareholder of New Times Group, and his two younger brothers will get Octopus Financial Group and Media Group.
As for the LEIT Group, there is no candidate yet, but he won't count on it, because his father didn't let him know about the rest of the company, and obviously he didn't intend to give it to him.
In fact, as Lin Zuhui's son, Lin Wenjie also knew that his father was in very good health, and he might not be able to outlive him.But because of his father's good health, his energy is not all on his career.
People in Hong Kong say that Lin Zuhui is extremely romantic, but he gave birth to a dedicated son. Lin Wenjie married his first love and received a lot of praise.
……
After getting off work in the evening, Lin Zuhui drove to the 'Twelve Peaks (Twelve Peaks)' at No. 12 Mount Kellett Road. The security guard at the gate saw Lin Zuhui sitting in the car and immediately let him go.
The security here is not ordinary security, but a security company belonging to Lin Zuhui's family. Why is this so?
original:
'TWELVE PEAKS (Twelve Peaks)' is a land purchased by New Times Group at a price of 2006 billion Hong Kong dollars in 19.2. Later, it spent a huge amount of money to build 12 independent villas. The construction and decoration cost exceeded 12 billion Hong Kong dollars. The total property area is 4.88 square feet, with an average of 4000 square feet per building, and each building has its own swimming pool.
The Twelve Peaks were originally built for Lin Zuhui personally, so in recent years, Lin Zuhui and his women have used offshore companies, investment companies, and personal names to take down these twelve villas at a total cost of 58 billion Hong Kong dollars. An average of 5 million Hong Kong dollars per building.
Because it is either an offshore company, an investment company, or someone you are not familiar with, and New Times Group has kept the sale of TWELVE PEAKS very secret; therefore, it is quite mysterious here.
Reporters only know that the mansion is built here, but they don't know who lives in it, and it is impossible for reporters or intermediaries to enter TWELVE PEAKS.
Lin Zuhui came to a southernmost villa, only to see Gu Li and the nanny opened the door for his car.
"Brother Hui" saw Lin Zuhui getting off the car, and Gu Li happily greeted him.
Lin Zuhui put his arms around Qianxi's waist and asked with a smile, "How are you, are you used to Hong Kong?"
Gu Li said happily: "I like Xiangjiang very much, and I am not uncomfortable at all with Sister Bingbing and Sister Yuanyuan taking me to play!"
It is true that Xiangjiang looks down on mainlanders, but in fact it is the same as people in Shanghai look down on outsiders.
But anyway, as long as you have money, you can look down on anyone.
Lin Zuhui nodded, and said: "Your sister Bingbing and Yuanyuan have been in Xiangjiang for almost ten years, and they are very familiar with this place. I believe you will soon be integrated into life here. It would be nice to come here often for vacation."
"Well, then I have to work hard to learn Cantonese!"
The two chatted and walked into the villa.
"Gu Li, this villa will be your home in Hong Kong in the future." Lin Zuhui said comfortably, leaning on the sofa.
Gu Li flashed a hint of surprise, and immediately leaned in front of Lin Zuhui, coquettishly said: "Brother Hui, you are so kind to me, and you are so hardworking, don't be afraid that I will dump you, wouldn't it be a waste of time!"
Lin Zuhui approached and said, "Are you willing?" After speaking, he looked at Gu Li playfully.
How could a woman be willing to give up just a few dollars?Lin Zuhui seems to give these women a lot of money, but it's just a drizzle to him.
Many women have been with Lin Zuhui for more than ten years, and their wealth has risen to billions or tens of billions. They still want to continue to make a fortune.Of course, these women were indeed conquered by Lin Zuhui, not just because of money.
Gu Li decisively kissed Lin Zuhui and left for a long time.
"Hee hee, I can't bear it!"
After a while, Fan Binbin and Gao Yuanyuan brought their children to the villa for a party, and Lin Zuhui took the opportunity to interact with the children for a while; in the middle of the night, the nanny took the children back to their villa, leaving the three daughters to accompany Lin Zuhui.
Of course there are shows, Lin Zuhui likes to watch the three girls dance the most, especially Gu Li's dance.
In fact, the twelve villas in TWELVE PEAKS (Twelve Peaks), here, have become Lin Zuhui's private palace.
This is also the reason why Lin Zuhui obtained these properties through offshore companies or investment companies. He just wanted to keep them secret. Even the security and properties were from the Lin family.
As for whether or not the 12 people need to know each other, Lin Zuhui thinks that at least the four Koreans don’t need to be introduced to everyone, they just form a single team.
……
Kowloon, Barings Bank Building.
Lin Zuhui listened to Lin Wentao's work report on "Canada Goose".
"I invested 2.5 million US dollars to buy 65% of the shares of Canada Goose, and the founder's family still holds 35% of the shares... Reese, the third generation of the founder's family, is a talent who is good at management, and he plans to use this fund , marketing Canada Goose products... and we, Barings Bank, strive to launch Canada Goose on the market within five years..."
Lin Zuhui said with satisfaction: "How is your relationship with that Reese?"
Lin Wentao replied: "It's okay, everyone is relatively young, and many ideas can coincide with each other."
"Well, you can invite Canada Goose to come to Xiangjiang to open a special store, sponsor top Hong Kong stars, and bring Canada Goose to Asia through airport catwalks and other methods. In fact, the same is true for marketing in Europe and the United States. Make a strong impact... Canada Goose is just a 'handicraft workshop', and it is unrealistic to increase too much production, so it must be good to take the style of luxury and fashion..."
Lin Wentao's eyes lit up, and he realized that his father was teaching him his skills, so he quickly said, "Thank you, Chairman, for your guidance!"
Lin Zuhui nodded and said, "Just give them advice, I believe others understand these principles."
"Ok"
After Lin Wentao left, Lin Zuhui looked pensive. Through observation and understanding, Lin Zuhui would definitely be able to transfer Lin Wentao to Octopus Bank as executive director in another year, and gradually take over the entire Octopus Financial Group.
His so-called succession is to let these sons be the president, and he retains the position of chairman; and even if 34.7% of the shares are handed over to them, Lin Zuhui still holds more than 16% of the shares, and these shares will not be handed over unless Lin Zuhui was too old to work.
As for the wealth of other private companies, it is even more impossible to hand it over, after all, the sons have already got too much.He is confident that he will outlive many of his sons, so the private wealth may end up in a trust model.
After a while, Andre and Liang Botao, two of the twelve executives of Barings Bank, came to Lin Zuhui's office together.
Andre is the president, and Liang Botao is the vice president in charge of Asian affairs.
"How is the Japanese investment going?"
Andre first said: "We have 'buy Nikkei futures' in Singapore and Tokyo at the same time, investing a total of 3 million US dollars, and prepared a large amount of margin..."
Liang Botao then said: "We also arranged for Peregrine to invest in Sony, Panasonic and other stocks in Japan, with a total investment of 20 billion U.S. dollars, using leverage..."
After listening to the work report of the two, Lin Zuhui felt very comfortable.
At the end of this month, when Ambey took office as the Prime Minister of Japan, it is expected that monetary easing will be implemented immediately, and the yen will depreciate sharply. This is naturally an opportunity for Lin Zuhui to make money.
Because he knew that in the first half of 2013, with Ambey coming to power, the yen depreciated (currently around 83 index); while the yen depreciated, it drove the export of Japanese products (increased competitiveness), so the Nikkei index It will skyrocket, and stocks such as Sony and Panasonic will also skyrocket.
Some memories of the previous life, coupled with the analysis of this life, made Lin Zuhui decide to make a small profit, and arranged a three-pronged approach in November:
Buy Nikkei futures, buy Japanese stocks, buy USDJPY forex.
It is estimated that this wave can earn billions of dollars.
Chapter 768 [Super Rich]
Time flies, and it is 2014 in a blink of an eye.
Early December.
New Era Group held its annual financial report conference, which attracted a large number of media.
Lin Zuhui, Lin Wenjie and his son sat in the middle for the first time, making the media speculate whether the succession of New Era Group will go further.
On the rostrum, with a slight smile, Lin Zuhui made a report on the '2013 Financial Report' in person.
“截止2013年12月31日,新时代集团全年营收为1.25万亿港币,较上年增长25.5%……录得净利润1378.6亿港币,较上年增长13%……”
"The economic situation in 2013 is still uncertain, which continues to affect certain markets and regions where the company operates. However, except for some emerging markets, the trend in the second half of 2013 has generally improved, bringing a positive outlook for the overall business in 2014."
"We will take the long-term interests of our shareholders into consideration and take into account relevant economic and political factors. We will continue to uphold the 'steady growth' strategy and continue to invest in the development of our core business; we will still focus on achieving long-term recurring profit growth and maintaining a strong financial position We are cautiously optimistic about the company's prospects."
With thunderous applause, New Times Group made another brilliant achievement, once again overtaking HSBC and becoming the most profitable local company in Hong Kong.
In the Cheung Kong Group’s annual financial report at the end of February, Cheung Kong recorded a profit of 2 billion, and Hutchison Whampoa recorded a profit of 252 billion, adding up to an annual profit of 220 billion.Calculated in this way, Changshi is only a little over 472% of the profit of New Times Group.
In 2013, HSBC's annual profit was HK$1280 billion, which was HK$200 billion worse than that of New Era Group.
There is no reason not to be proud of such an achievement.
After the annual financial report, Lin Zuhui added: "Finally, I would like to talk about a personal matter here. I have included my 51.6% stake in New Times Group into the 'Lin Zuhui Lin Wenjie Family Trust Fund', and this trust fund, Mr. Lin Wenjie 70% stake."
Boom, like a depth charge detonated, all the reporters were restless!
A Big Mac with a market value of 1.35 trillion yuan is related to the equity of 7000 billion Hong Kong dollars, and the handover has been completed.
According to Lin Wenjie's shareholding, the 26-year-old young rich second generation has a net worth of 4900 billion Hong Kong dollars, or 630 billion U.S. dollars.
In the 2013 Forbes rankings, this net worth can be the fourth richest in the world, second only to Lin Zuhui (US$1260 billion, Jingwei Capital's equity is ), Carlos (Mexican telecom tycoon, US$730 billion), Bill Gates (710 million) billion dollars).
All of a sudden, reporters at home and abroad rushed to raise their hands when it came time to ask questions.
Reporter: "Mr. Lin, you put the equity into the trust, and let your son, Mr. Lin Wenjie, hold 70% of the shares. Does that mean that you have decided to take over? But you are only 49 years old, and you look so young."
Lin Zuhui: "This arrangement is mainly because I want to devote more energy to charity. The 'Lin Zuhui Family Foundation' should learn from the 'Bill and Melinda Foundation' in the United States, and invest more and more extensively in charity Career. Of course, I will still supervise companies like New Era Group. In fact, many people know that I have always been in charge of the business. Thanks to the help of the management and employees who have followed me for decades .In any case, running a business is also a kind of responsibility. It is responsible for hundreds of thousands of shareholders and hundreds of thousands of employees. Please rest assured that I am not completely retired.”
Reporter: "Just now you said that you want to learn from the 'Bill and Melinda Foundation' in the United States, which means donating more; but, you separated your wealth again?"
Lin Zuhui: "It's a very normal shareholding transfer. We Chinese have a 'son inherits the father's business', and my business will be inherited by my son. As for the funds for charity, I will use the company's equity and cash in my hands from private investment. , everyone will wait and see."
Next, the reporters asked Lin Wenjie questions one after another. Lin Wenjie handled various problems very steadily.
In terms of stability, he is much better than Lin Zuhui.
After the annual financial report meeting, Lin Zuhui returned to the office.
Recalling the scene last year, Li Chaoren really sold off a lot of assets in the mainland and Xiangjiang, and was questioned by the media for "running away".
The New Times Group, on the other hand, did not move, but greatly reduced the intensity of land acquisition in the Mainland and Xiangjiang, and even if it acquired land, it was high-end residential land, which could be sold within five or six years.
As for the commercial projects in Hong Kong and the mainland, before 2018, some small and medium-sized projects will be sold to some extent; Lin Zuhui believes that at that time, Hong Kong capital will be sold, and New Times Group will be mixed in, so it will be harmless.
The reason why he cares so much about his reputation is because he has huge other businesses in the mainland, such as clothing, beverages, food, beer, etc., and it affects the whole body.
……
United States, Forbes & Co.
"Editor-in-Chief, quickly, we need to change the ranking of the world's wealth list!"
A reporter rushed into the editor's office and said urgently and excitedly.
The editor-in-chief frowned, and said unhappily: "What's the matter with you, the reason why our list is authoritative is because it has been strictly audited, how can it be easily changed?"
The reporter didn't care about the editor-in-chief's impoliteness, but said excitedly: "The world's richest man has split up. Although he is still the world's richest man, he announced in Xiangjiang that he will hand over most of the shares of his most important company to his family. The eldest son, Mr. Lin Wenjie."
The editor-in-chief stood up abruptly, and said excitedly: "Really? What's going on, let's explain it clearly. Damn it, we're only three days away from releasing it. Fortunately, we're in time!"
The reporter narrated what happened, and the editor-in-chief listened with gusto.
The richest man in the world is a legend. Even the wealth on the surface is more than the sum of the second and third, and the title of the world's richest man has been occupied by others for 18 years.
It's crazy!
Finally, after some calculations, Lin Zuhui is still the richest man in the world, but he is no longer far behind No.2; at the same time, Lin Wenjie was promoted to the fourth place in the world, the second is Bill Gates, and the third is Mexican telecom tycoon Carlos.
……
Only two days later, at the Octopus Bank's annual financial report meeting, Lin Zuhui's second son, Lin Wentao, attended the meeting as an executive director, which once again caused a lot of media coverage in Xiangjiang.
"Mr. Lin Zuhui wants to retire at the age of 50, is he too eager to push his son to the top?"
"It's indeed a little early, but Mr. Lin Zuhui has not stepped down as the chairman of the board. He will always participate in large-scale affairs of the company. Moreover, Lin Wenjie and Lin Wentao are both graduates of high-achieving students. The tiger father has no dogs. I believe they can keep the family business."
"Tsk tsk, no matter what, people like Li Chaoren don't hand over power until they are 80 or 40 years old, but Mr. Lin is lucky. He thinks about handing over power when he is in his [-]s. It is really tormenting."
……
"Forbes" released the 'Global Rich List' in early March.
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