My 1999

"Brother Xu, look, the Forbes 2005 rich list has been updated, and you are second again."

Liu Qianqian rushed into Xu Liang's study yelling.

Waving a copy of Qilu Evening News in his hand.

The Forbes report was reprinted in the financial section.

Not surprisingly, No. 1 is Gates, who has ranked first in the world for 12 consecutive years with a net worth of US$50 billion.

He remains in second place, worth $47.9 billion.

The third is Laoba, with US$42 billion.

The ranking is the same as last year, except that the net worth of the three people has changed.

Mexican telecom giant Carlos Slim ranked fourth with a net worth of US$30 billion, and Indian steel magnate Lakshmi Mittal dropped to sixth place from fourth on the previous list with a net worth of US$23.5 billion.

Swedish IKEA founder Ingvar Kamprad ranks fourth with a net worth of $28 billion.

The seventh place is Paul Allen, co-founder of Microsoft, with a net worth of US$22 billion.

Bernard Arnault, chairman and CEO of Louis Vuitton, ranks eighth with a net worth of 21.5 billion.

Saudi tycoon Prince Alwaleed bin Talal ranked ninth with $20 billion, and Canadian publishing tycoon Kenneth Thomson ranked tenth with $19.6 billion.

Yangtze River Lao Li ranked 11th with US$18.8 billion.

Larry Ellison, who was still ranked in the top fifteen last year, has fallen out of the top twenty due to the huge losses of Dragon Slaying Plan.

In addition to the global rich list, the newspaper also has the Forbes China Rich List.

He is still number one without a doubt.

Behind him is Gome Lao Huang, with 18 billion Chinese coins.

The third is Xu Rongmao of Shimao Group, worth 17.3 billion Chinese dollars.

Shi Zhengrong of Suntech Power, who is ranked eighth, has a net worth of more than 10 billion.

The combined net worth of all of them is less than that of Xu Liang.

Even so, major media still question the authenticity of this Forbes rich list.

The reason also lies with Xu Liang.

Most people think it's too little.

Xu Liang’s assets have been listed.

The one with the highest market value is Master Kong. After absorbing China Wine Industry, Master Kong’s market value has climbed to HK$230 billion.

Followed by Sina, 152.7 billion Hong Kong dollars.

Yihaodian ranks third with a market value of HK$142.8 billion.

Unocal ranks fourth with HK$131.5 billion.

New Dream ranked fifth with HK$92.1 billion.

Internet technology ranks sixth with HK$55.7 billion.

The total market value of these six major listed companies exceeded HK$850 billion.

Except for Sina, which holds 34% of the shares, and Wangke, which holds more than half of the shares, the other shareholdings are around 75%.

After all, it’s HK$500 billion.

According to the exchange rate of Hong Kong dollars to US dollars, this amount is close to 65 billion US dollars.

What’s more, Hongmeng’s Bing, which has the highest valuation, has not yet been listed, and Hanhua, a global private equity giant with an average annual profit of tens of billions of dollars, has not yet been listed.

Taihua Group, China's largest real estate company and retail company.

Facebook, the world's largest social networking site.

Pan-entertainment and public utility giant Vivendi.

Hynix, the world's second largest memory chip giant.

Universal Entertainment, one of the six major Hollywood companies.

No matter how you calculate it, it’s more than just that little money.

Soon Forbes also provided an explanation.

"Mr. Xu Liang has established multiple trust funds. Enterprises such as Hanhua, Hongmeng, Master Kong, Taihua, Facebook, Vivendi, and Unocal have all been placed under multiple heritage trust funds. The beneficiaries are their family members and many Descendants, so it is not recorded in the name of Mr. Xu Liang.

This time, only 14.9% of Apple, 15.2% of Amazon, 36.7% of Standard Chartered Bank, 15% of Hermès and other equity assets held by Mr. Xu’s family fund were adopted, as well as companies such as the NBA Warriors, Marvel, and Harvest Agriculture. "

Forbes' explanation settled the dispute, but also shifted many people's attention to the legacy trust fund established by Xu Liang.

This is an asset worth more than 100 billion US dollars.

Many people are curious about who Xu Liang distributed this huge amount of assets to.

However, all witnesses to the Heritage Trust signed confidentiality agreements.

The management agency of these heritage trust funds is Hongyan's 'Hengyuan Trust', so unless someone can buy out the senior management of Hongyan or Hengyuan, they will not be able to get the original documents placed in the company's safe.

Forbes knows this.

The main reason is that the shareholding list of shareholders of listed companies is public, even if the trust fund does not directly hold the equity of the listed company, but forms a shell.

But if you really want to check it, it won't be difficult for Forbes.

After all, companies need to register.

"It has no reference value, it's just for entertaining the public."

He threw the newspaper aside.

"Where's Shuchang?"

"Let's do yoga in the room."

He held her slender waist and said, "You should also practice when you have time. You can eat so much all day long, so be careful of getting fat."

"Yeah, you dislike others."

"Why would I dislike you? You insist on staying in the entertainment industry. Which female star have you seen gain weight?"

"Okay, I'll eat less in the future."

"Exercise is the most important thing. I also want to grow old with you in the future."

The woman's heart instantly felt as sweet as honey.

"Brother Xu, I also want to grow old together with you."

"Then you have to exercise hard. Look at me. I practice boxing every day and my body is in great shape."

"Okay, I'll work out tomorrow too."

"Tomorrow after tomorrow, there are so many tomorrows, let's start today. Go quickly, let Shuchang teach you yoga."

Under his urging, Liu Qianqian left reluctantly.

Looking at the newspaper on the table, Xu Liang picked it up and flipped through it, then took out his phone and called Xie Wen.

"Mr. Xu."

"Have you read the Forbes Rich List?"

"I have."

"If you find any commentary articles about my wealth, the weight will be adjusted to the lowest level."

"Okay."

Xu Liang didn't want his wealth to be the focus of everyone's attention.

Although this idea is a bit unrealistic, it would be better to reduce the attention a little bit.

"How is the discussion on Bing's listing going?"

"It's basically settled. JP Morgan, Goldman Sachs and Hanhua will be responsible for Bing's listing. Morgan and Goldman Sachs will be responsible for the European and American markets, while Hanhua will be responsible for the Asian market.

It will be officially listed on the Hong Kong Stock Exchange on September 1.

Bing's total share capital is 3 billion, with a share price of HK$206. It will issue 450 million shares, cash out 150 million old shares, and issue 300 million new shares.

Mr. Xu, is it necessary to list in Hong Kong? Morgan and Goldman Sachs suggested that we list on NASDAQ.

The market will give us a higher valuation here."

The US capital market does have more potential than Hong Kong.

But Xu Liang is concerned about the future trade war.

Xu Liang pondered for a moment, "Let's take out half of the equity and list it on NASDAQ."

The trade war is still far away, and by then Bing may not have the current value.

"Okay."

Xie Wen breathed a sigh of relief.

Hang up the phone.

Xu Liang exhaled.

Let Bing go public this year, and Kingsoft and Hongmeng Games go public next year.

The companies under Hongmeng that are suitable for listing are almost there.

Pangu's main business is cloud computing and big data. It has just started to develop and it will take five or six years for it to be truly mature.

DreamWorks Animation is suitable for listing, but Hongmeng's main business has excluded pan-entertainment.

When Facebook develops, sell DreamWorks Animation to it.

Universal Pictures is handled in the same way.

Youku [YouTube] has been losing money. When the video business becomes popular and officially starts to make profits, it will not be too late to consider listing.

Hongmeng payment is only a prototype now and it is still early to mature.

Hongmeng mobile phone system is still in the laboratory.

Dinglingling...

Xu Liang's mobile phone rang.

"Mr. Xu, it's me."

Qiu Mingcheng's voice came over.

"Shuanghui's business?"

"Yes. ... The bid we submitted was returned. They said that Luohe City had as many as 13 requirements for the transferee of Shuanghui Group.

In addition to requiring the transferee's asset size to be more than 50 billion yuan and to pay the entire property transfer price in one lump sum;

It also requires the transferee to be "an internationally renowned industrial investment fund group or industrial investment enterprise" and "have global investment experience and network."

And it specifically emphasized that this consortium cannot be a hedge fund or an industrial enterprise.

So only international investment banks are eligible to purchase.

Domestic and foreign food companies or other powerful corporate groups are forcibly excluded.

So Harvest Agriculture does not meet the other party's requirements.

Even if we bid higher, we can't buy it."

Xu Liang thought for a while and understood what was going on.

"It seems that Shuanghui Group is not planning to sell it, but to play MBO."

"You are so smart. According to our investigation, there are two "special" companies around Shuanghui, one is Haihui Investment established in 2002, and the other is Haiyu Investment established in 2003.

Haihui's 50 shareholders are all senior executives of Shuanghui; as for Haiyu, it is very mysterious, and no one knows who the beneficiary is."

Xu Liang curled his lips.

There is no need to investigate this so-called mysterious company, it must be a collusion between officials and businessmen.

Shuanghui has grown so big, if there is no one to protect it, Xu Liang will never believe it.

"According to public information, Haiyu first appeared in the public eye on the third day after Haiyu was established, that is, June 13, 2003.

On this day, Shuanghui Group and Haiyu signed the "Equity Transfer Agreement", transferring its 85.5925 million shares (accounting for 25% of the total share capital) at a price of 4.7 yuan per share, and Haiyu became the second largest shareholder of Shuanghui Development.

In just three years since Haihui was established, through investment and holding of 18 companies with upstream and downstream businesses related to Shuanghui meat products, Haihui has obtained a net profit of 130 million yuan after tax.

At the same time, in the past two years of 2003 and 2004, In the previous year, Shuanghui Development distributed cash dividends of 7 yuan for every 10 shares and 6 yuan for every 10 shares.

In these two years alone, Haiyu received 136.948 million yuan (including tax) in cash dividends.

In 2005, Shuanghui Development distributed 5 yuan for every 10 shares in cash dividends, but the specific cash amount was not disclosed.

In addition, according to our investigation, the net profit contributed by the seven companies invested by Haiyu in 2005 alone reached 107 million yuan.

In 2003 and 2004, the net profit created by related companies for Haiyu should be conservatively estimated to be around 200 million yuan.

The act of distributing excessive dividends is undoubtedly a blood transfusion for MBO.