kvmb Chapter 416 The Wealth Ranking is Released! The Results are a Little Different
Chapter 416 The Wealth Ranking is Released! The Results are a Little Different
The investigation supervisor thought Steve thought the number was too big and didn't quite believe it.
So he continued analyzing the data.
"Transsion Semiconductor's Taishan series chips have now shipped more than 3 million units."
Not only Transsion and Huawei, but other Chinese manufacturers also made purchases, coupled with their ability to modify and customize products.
Based on these factors alone, our valuation of it is equivalent to that of Qualcomm, and they have already incorporated Nvidia into Transsion Semiconductor, along with the corresponding businesses.
All things considered, this gives us a valuation of $3000 billion.
"Transsion Panels, Transsion Optics, Transsion Photovoltaics, Transsion Smart Home, plus Transsion Automobiles and security teams... and so on, are valued at $1.5 trillion."
This value is already very small…”
Steve Forbes nodded in agreement. These valuations were indeed too low, and even the entire US stock market might not be able to absorb them if they were to be spun off and listed separately.
Then the investigation supervisor continued, saying that this was the business they were most afraid to mention, yet had to mention.
"And then there's Huaxin Investment, which has acquired many assets since the 08 financial crisis."
Furthermore, they also have some publicly incubated industries, and based on the businesses that have been exposed, our overall valuation should be around 2 trillion US dollars.
Therefore, our conservative estimate is 1.5 trillion US dollars.
Of course, to ensure the accuracy of the data, we listed it as one trillion US dollars, which is a very low estimate.
Using a conventional model, the figure would likely be between three trillion and five trillion.
Steve Forbes's smile grew brighter and brighter; this was a great publicity stunt!
He's already decided on the title!
The world's first man with a three trillion yuan.
This edition of the Forbes China list is sure to sell out, since the current world's richest person is Carlos from Mexico, but his estimated wealth is only $730 billion.
Even so, he is already far ahead of Bill Gates, who is in second place.
Shenyang Aircraft Corporation's three trillion yuan is dozens of times that of the number one. Even if you add up the wealth of the top 10 people on the list, it would only be a fraction of his.
Steve Forbes confirms.
"Are you sure it's three trillion?"
The chief investigator nodded, but quickly shook his head.
"Steve, I'm not sure about that."
However, a trillion would be less than a trillion, but if we actually issue it, what will their security team do...?
After saying that, he made a throat-slitting gesture.
After all, besides its elite security detail, Transsion should also have a group of...
Although the United States will screen them as much as possible, Transsion has money!
If our own people can't carry it out, what if a bounty is issued?
In short, he was scared!
"Don't worry, he has someone to communicate with him, and we also have people behind us, so you can rest assured."
After finishing his statement, Steve Forbes signed his name directly on the document, thus confirming the investigation report.
But the chief investigator panicked, because he was afraid because this was America.
It's too "free" here, and the security personnel at Transsion are mostly Black, which provides natural camouflage.
It seems I'll have to go home early from now on and do everything I can to save my life.
…………
On December 7th at 10:12 AM, Forbes Global and Forbes China simultaneously released the 2013 Forbes China Rich List.
This time, the list was designed very simply: a long, scrolling list that started from the top and went down.
But the name ranked first can be given extra attention.
Shen Fei: Above is a long string of numbers, in bold and black font, several times larger than the second-highest wealth figure.
Thirty-one hundred and thirty billion.
Shenyang Aircraft Corporation's assets have reached an astonishing eighteen figures, as explained by Forbes:
Since Mr. Shen Fei has never publicly disclosed his specific wealth figures, the above figures are all estimates made by Fortune magazine based on the minimum valuation. If Mr. Shen Fei were willing to disclose the corresponding figures, we believe that Huaxin Investment alone could reach two trillion US dollars.
For comparison, Penguin Ma Fortune, ranked second, is valued at 1200 billion, Ali Ma, ranked third, is valued at 1150 billion USD, and Wanda Wang, ranked fourth, is valued at 1110 billion.
Shen Fei's wealth is hundreds of times greater than theirs, and dozens of times greater than the top 10 combined.
Within 10 minutes of the straps being released, Forbes' servers over the board were overwhelmed.
Meanwhile, Shen Fei dominated all the trending topics.
#Shenyang Aircraft Corporation's Richest Man#
#Shenyang Aircraft Corporation's 3 Trillion Yuan Investment#
#Forbes China Wealth List#
#The True King of Wealth#
However, the comments section seemed to be different from what they had imagined.
They had assumed that the netizens who posted the message would be angry, jealous, demand explanations, and question the source of their wealth.
They had expected that the figure of three trillion US dollars would be like a bomb, tearing apart China's public opinion, sparking discussions about the gap between the rich and the poor, and igniting social conflicts.
After all, the total wealth of the entire country of China is only 9.2 trillion yuan, while Chen Fei's personal wealth has reached 3.1 trillion yuan, accounting for a full third, truly making him richer than a country.
The comments section was filled with unanimous support.
"3 trillion? I thought Shenyang Aircraft Corporation should have been worth 10 trillion by now, given how powerful Transsion is. It's only 3 trillion. I feel like I underestimated it."
"Does nobody care about the 18-digit number in Huaxi Butcher's account? What is 18 digits again... Let me count it, one times one equals one, one times two equals two... nine times nine... I can't count it all."
"Yes, I know he got all that money from the American stock market. Either he profited from it, or those American investment banks did."
"President Shen is so rich, but I've never seen him flaunt it. Instead, he invests all his money in basic research and development. If he doesn't make money, who will?"
"Transsion makes real products and services. Taishan chips, panels, automobiles, energy, wafer fabs, lithography machines, which one of them is not a real technological breakthrough?"
He makes money through his skills and technological monopolies, not by exploiting workers. He deserves to earn that money.
"You know Big A, right? If your Uncle Shen is really short of money, he can receive a lot of subsidies every day at the appointed time."
"The Huaxin Investment upstairs should be based overseas. If it's domestic, it's probably for market stabilization... otherwise Shenfei's assets would have been injected long ago."
"Hey buddy upstairs, do you know what a privately-owned military industrial enterprise is? Do you know what it means for a son to rise in status after his father has achieved success?"
"I see some people in the comments section saying that Shenyang Aircraft Corporation is exploiting its workers? Please, have you checked the wages at Transsion's factory?"
Their wages are the highest in China's electronics manufacturing industry, twice as high as Foxconn's; they actually pay their employees the profits they make.
"What's funny is that Forbes even tried to incite hatred by writing 'none of them are publicly listed' in the footnote, which was meant to indicate that the valuations have been significantly reduced."
"Trying to lead anyone astray? We're not that stupid!"