Chapter 974: 974
Chapter 974 – Forbes evaluation
“Feng, can I take it as you had made more than 15 billion USD from the Asia Financial Crisis?” Steve asked .
Feng Yu nodded . “Yes . ”
“So, you had cooperated with Quantum Fund to start this crisis?” Steve asked sharply .
“It’s the opposite . I had opposed the Quantum Fund . Together with a few Hong Kong investment funds, we join forces to try to stop Soros . If not, the economic destruction in Southeast Asia will be much worse . This is not a secret, and how did I make so much money? It is a trade secret . ”
Steve does not believe Feng Yu . Other than futures trading, how can Feng Yu get such high returns? He must have short the Forex and Index market like Soros .
But the news Steve received states that Feng Yu had openly retaliated against Soros . He does not want to continue to dwell on this question, as only focus on business . From his perspective, Soros is also successful .
“Feng, you own around 15% of Microsoft shares, right?” Steve asked .
“I think it is less than 15% . I had received lesser shares last year when the company gave out shares . ” Feng Yu looked towards Bill Gates . Last year, Microsoft had given out shares to reward the higher management, and Feng Yu received much lesser than the rest of the directors .
“Feng, this is decided by the board . After all, you had only appeared in Microsoft for a short time and had not attended meetings . These had upset many people . Although you had gotten lesser shares as a management staff, you had gotten the shares given out to the shareholders . ”
“It’s fine . I can understand this . Am I still one of the directors in Microsoft?” Paul Allen was the one to suggest giving Feng Yu lesser shares, and the rest of the directors supported this suggestion . Bill Gates did not stand on Feng Yu’s side this time . Still, he insisted on keeping Feng Yu’s position as one of the directors and his position as the Vice President of Asia operations .
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“Of course, your position will not be changed . ” Bill Gates was relieved . He had promised Feng Yu high bonuses in the past and was worried Feng Yu would fall out with him . Falling out with Feng Yu will slow down Microsoft’s expansion in China . This year, Microsoft will be introducing a new operating system and cannot afford to give up the Chinese market .
“Feng, although your percentage of shares had dropped, the number of your shares had increased, right? The value of Microsoft shares had increased a lot, and the market value of your shares should be over 1 billion USD, right?”
“Really? The share prices had increased by so much? Seems like I had made the right investment . ” Feng Yu had a surprised look on his face, but he was not surprised at all .
“Oh, I heard you also have shares in China’s biggest PC manufacturer, Lenovo? Can you reveal how many shares you own in this company?”
“Not a lot . It cannot be compared to the number of shares I own in Microsoft . ”
“Can I estimate the value of your shares in Lenovo as 300 million USD?” Lenovo is the top PC manufacturer in China and owns the majority of China’s market share . Steve’s actual evaluation of Lenovo is worth over 1 billion USD because of its potential .
300 million USD? Feng Yu thought to himself . Even if someone offers 1 billion USD, he will also not sell his Lenovo shares . The market, brand, and technologies were severely undervalued . Three hundred million USD is the amount of loan Feng Yu got from using his Lenovo shares as collateral .
“It’s fine . ”
“Wind and Rain brand is the fastest-growing electronics brand in recent years . You are also the major controlling shareholder, right? Can we talk about what products this brand is involved in?” Steve had bought a Wind and Rain Super VCD player for his home .
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“Humidifier, bladeless fans, VCD and DVD players, and mobile phones are our main products . We also own some patents and are collecting authorization fees . Soon, we will be entering the TV and PC monitor market . ”
“We understand that Wind and Rain Electronics, Wind and Rain Home Appliances, and Aiwa Electronics have close cooperation . What is the relationship between these companies?”
“Partners . It is just like our partnership with Philips on R&D and sales . ” Feng Yu raised his brows . Steve Forbes does not know he is the main shareholder of Aiwa yet, and he decided not to disclose anything .
“We know that you are one of the shareholders of China’s biggest automobile manufacturer, Bing City Machinery Company . Are you the major shareholder?” Steve looked at Feng Yu and asked .
“My father and I own some of this company’s shares . The General Manager of that company is someone else, and I am not involved in their management . ” Feng Yu is interested to know how much Steve knows about him .
China is unlike the US, and news and information are not readily available . Furthermore, these companies are not listed companies . Most of Steve’s information should be based on guesses .
Steve did not continue to ask about Bing Machinery Company and start asking about Lehaha .
“China and Asia’s biggest beverage company, Lehaha Group, had suppressed the two Cola Giants in China . Do you also have shares in this company?”
“That’s right . I do have some shares in this company, and I am holding on to a consultant position in the company . I do not get any salary from them . ” Feng Yu replied .
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“Tai Hua Supermarket Corporation is China’s and Asia’s biggest retail chain . Do you also own shares in it?”
“A little . But until now, I still have not received any dividends from this company, and is unsure when this company will be profitable . ”
“What about that pharmaceutical company? I heard that company is producing medicated health supplements, and its scale is one of the biggest in China . ”
“The scale is quite significant, as it is from the merger of many smaller factories . Currently, it is still in the growing phase . Oh, we had developed a new drug, Bigman, and this drugged can be bought from many hospitals in the US since last year . ”
Bigman is the name of ‘Viagra’ and was given by Feng Yu casually . Bing City Pharmaceutical has not outstanding products except for this drug . This drug’s patent had even stopped Pfizer from registering a patent for their ‘Viagra . ’ They had to change their formula before they can launch their version of the drug .
Bill Gates starts to frown . Feng Yu owns a lot of businesses, and all his business is either the biggest in China, and some are the biggest in Asia . How did he do it?
To Bill Gates, Feng Yu is someone that has the foresight and has his ideals . But now, Feng Yu cannot be considered as someone with investment foresight . He is an investment genius!
Each of Feng Yu’s investment will give him high profits, and all these companies have something in common . All of them are not listed companies .
Once these companies got listed, Feng Yu’s assets will be doubled, tripled, or even more!
Steve starts to calculate Feng Yu’s net worth . “Hong Kong’s Wind and Rain Consulting Firm’s profit is 15 billion, Microsoft Shares are worth 1 billion USD, Lenovo’s shares are estimated to be worth 300 USD, Wind and Rain Electronics and Wind and Rain Home Appliances are estimated to be worth 1 billion . The Bing City Machinery Company’s shares are estimated to be around 500 million USD . Lehaha’s shares are estimated to be valued at 500 million USD . Tai Hua Supermarket corporation’s shares are around 200 million USD, and I estimate the rest of Mr . Feng’s investments, like the Empire State Building, etc . to be around 200 USD . This time, I will place you on the second position of the billionaire list, with a net worth of 28 billion USD . Is this alright with you?”
Sometimes, people will get angry if their net worth is overvalued, and sometimes they will be unhappy if their assets are undervalued . Many tycoons treated this ranking as a form of honor .
Steve Forbes had to seek Feng Yu’s permission, as most of his evaluation is based on estimation .
Feng Yu smiled and thought to himself . You had not to include my investments in Russia, Japans, and other investments . If you knew about those investments, I should be the first position on the list!
But being second is fine with Feng Yu . He only wants some promotion for his companies, and two years later, he will show his true colors!
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