Chapter 955 - I am in the retail business
Chapter 955 – I am in the retail business
“Brother Feng, that means you are the world’s richest man now?” Fu Guangwei asked. The richest man I the World is sitting in front of him, having tea and chatting with him! He will also be entering a business venture with the World’s richest man too.
Feng Yu laughed and shook his head. “World’s richest man? Maybe. But Bill Gates will be overtaking me very soon.”
Microsoft shares will continue to rise this year, and Bill Gates’s asset is already over 30 billion USD now. This does not include his wife’s funds.
Feng Yu’s asset worth had just reached 30 billion USD. Although he had made a lot of money from the crisis, and his Microsoft shares had risen, but he had incurred high interest from his loans. Some of his investments, like Lenovo Kingsoft, etc. are still not making money.
Microsoft shares will be rising for the next two years until the dot com bubble burst. Bill Gates’s net worth will reach 80 billion USD, and if you include his donations, it is over 100 billion USD!
But Feng Yu’s asset is increasing too. Not considering his Microsoft shares, he had been acquiring Yahoo’s shares all this while. Yahoo’s market value will reach over 100 billion USD around the year 2000!
Most of Feng Yu’s companies are not listed yet. Once all of his companies were listed, Feng Yu will become the World’s wealthiest man.
Also, Feng Yu’s companies are more resilient. The dot com bubble will burst before 2000, and tech companies will reach their peak before it.
During that time, Microsoft market value had reached over 600 billion USD, and just before Feng Yu died in his previous life, Microsoft market value is only less than 400 billion USD. Also, Microsoft’s value had dropped below 300 billion USD during the dot com bubble.
Before Feng Yu transmigrated, the company with the highest value is Apple, and is worth more than 700 billion USD! Apple does not only produce electronic products. They had achieved something which Microsoft couldn’t. Their PCs, software, online services, etc. creating a closed loop.
Now, Feng Yu is trying to use Apple’s strategy on Lenovo. Does Lenovo only have PC and software? No problems. Feng Yu still have other electronic brands like Wind and Rain, etc. Online services? Feng Yu can set up an e-commerce website and might even be better than Apple.
“Brother Feng, how come you don’t like to be on the news? World’s richest man… even if you are the World’s richest man for one day or even one minute, it is an honor.” Fu Guangwei was very excited. If Feng Yu can mention his name on the news, it would be better.
Feng Yu laughed. “My net worth is about the same as Bill Gates, and the World’s richest man is only a title. Within three years, I will secure this title, and no one can pull me off my throne.”
According to Feng Yu’s plan, some of his companies will start to profit three years later, and his asset will shoot up.
During that time, Bill Gates’s net worth will drop, and the rest are no match for Feng Yu.
Fu Guangwei looked at Feng Yu speechlessly. You said this is only a title, why are speaking so excitedly that no one can take that title away from you?
“Brother Feng, you can secure your position as the World’s wealthiest man now. Lehaha is doing quite well now, and if it is listed, the share prices will shoot up. Also, if Bing City Machinery Company, Wind and Rain Electronic, etc. got listed, their value will double or even increase by several folds.” Li Zekai is curious about why Feng Yu refuses to let his companies get listed?
Feng Yu did not reply, and it was Fu Guangzheng who explained to him. “If the companies got listed, the company would have to answer to the shareholders, and all the profits must be given out as dividends. Furthermore, what is the purpose of a company getting listed? It is to raise funds and reputation. Brother Feng’s companies do not need funds or reputation. Why should he share his profits with others?”
Fu Guangzheng had asked Feng Yu this question in the past, and this is how Feng Yu answered him. Fu Guangzheng also felt what Feng Yu said is right. Getting listed is the fastest way for a company to raise funds.
But does Feng Yu lack money?
Since Feng Yu does not lack money, then his companies will not lack money. Then why must he get listed and help others earn money? Although the company’s value will rise as the share prices rise after getting listed, at the same time, the company’s finances must be transparent, and it will be harder to manage the company.
Why should I let everyone know how much money I have?
There is one thing that frustrated Feng Yu recently. It is his investment in Yahoo. When he invested in Yahoo, Japan’s Softbank had invested 100 million USD into the company and acquired one-third of its shares. They also helped Yahoo got listed.
Feng Yu can only buy circulating shares from the market, and the profit is nowhere near to Softbank. If not, Feng Yu would have secured the title of the World’s wealthiest man now. Yahoo’s shares had increased by twenty times and are still rising now.
Of course, Feng Yu had instructed Ralph to acquire all available Yahoo’s shares from the open market, and he will sell everything before the dot com bubble burst. He will get a profit of at least twice his investments!
Feng Yu spoke to the rest in Chinese, and Kirilenko does not understand most of it.
“Feng, what are you all talking about? Are you all planning some new investments?” Since Kirilenko cooperated with Feng Yu, he had never suffered any losses. Most of his assets now, are from his businesses with Feng Yu.
Feng Yu slapped his forehead. He had forgotten to translate their conversation for Kirilenko. If he had known, he would ask Kirilenko to bring his translator.
“Brother Ki, congratulations. You have become the wealthiest man in Russia!” Feng Yu laughed.
Kirilenko burst out laughing. “Hahahaha! My asset is nothing compared to you. Also, my asset is only slightly more than the rest, and they are catching up quickly.”
Kirilenko’s net worth is over 8 billion USD and is Russia’s richest man. Of course, behind him are the tycoons who got rich when the Soviet Union dissolved. These people’s net worth is about the same as Kirilenko.
In Feng Yu’s previous life, most of the Russian tycoons who made it onto the top tycoon list were mostly in the mining business. They are the same as Kirilenk and had acquired mines and mineral companies, etc. during the turmoil. The tycoons’ mines had started to make profits, and only Kirilenko’s mining company is different. His company is only mining enough to cover their cost, and everyone is laughing at Kirilenko. They think Kirilenko does not know how to manage his mining business, and some even tried to takeover Kirilenko’s company.
“Don’t worry. Our mining company will start to make high profits in two years. At that time, their mines will be empty, and your net worth will shoot up. Oh, are there any famous retailers in Russia? Do you all have e-commerce sites?”
Feng Yu suddenly remembered that Russia is a treasure trove. If he can manage the Russian market well, he can open up the East Europe market, and the potential of this market is not in any way inferior to the US market.
Kirilenko points to himself helplessly. “I am in the retail business!”
Translator’s notes:
Yahoo! Japan Corporation