Lin Zuhui arrived in Los Angeles and moved into a Beverly Hills villa owned by Hengjin Investment. He was also accompanied by Guan Jiahui, Wang Zuxian and Lin Zixia.
This mansion covers a total area of approximately 2,000 square feet, with nine bedrooms, a swimming pool, tennis courts, and lawns. You have to drive onto a short private road from the road and then drive into the villa in the tropical rainforest. It is very
Focus on privacy.
The most important thing is that the villa is a new house that has just been renovated. As for the price, it is ridiculously cheap. Hengjin Investment only spent US$5.5 million. In the past two years, European and American real estate has been sluggish and falling, and the vacancy rate of office buildings in Manhattan, New York, has reached as high as
20%, and London is no exception.
Therefore, in the past two years, Lin Zuhui plans to buy office buildings in New York and London at low prices for long-term rent collection in the future. Investment should not only focus on high returns, but also invest in some industries with low risks and stable returns.
In fact, villas in the United States are far less valuable than villas in Hong Kong. In previous lives, villas in Hong Kong easily cost 1 billion Hong Kong dollars, while villas in the United States cost 20 million U.S. dollars, which is already considered very good.
The three girls instantly lost the embarrassment and fatigue of the road, and happily started visiting the villa.
Stepping on the wide lawn, there is a swimming pool on one side and a tennis court on the other. There is a big tree at one end of the lawn, and the entire villa is surrounded by tropical trees. Different from the villa design in Xiangjiang, the villas here pay more attention to the outdoor area.
, and the villa itself has only two floors, and the area is not as large as the 'non-villa building' itself.
Luxury houses in Hong Kong like to build an oversized podium base to protect the privacy and safety of the owner; then, they build swimming pools, lawns, villa buildings, etc. on the podium base.
"How is it?" Lin Zuhui asked the three girls.
Guan Jiahui immediately ran to Lin Zuhui, held her arms, and said intimately: "Who are you going to give this villa to?" The implication is that she is the second wife, so she must consider herself first!
Lin Zixia's eyes were full of hope, because Lin Zuhui personally promised to give her a set.
Lin Zuhui laughed, then pointed outside and said: "There are not 100 luxury houses like this here, but at least 80! Those who immigrate to the United States will get one for free! Of course, you can also choose a villa by the sea.
, I will ask my men here to show you the house later, if you like it, buy it, there is no shortage of money!"
Guan Jiahui and Lin Zixia looked happy, but Wang Zuxian didn't feel that her villa in Vancouver did not belong here. Moreover, Wang Zuxian liked Vancouver very much. There were many Chinese people there, so there was no big sense of strangeness.
Back at the villa, there are four servants here, two Chinese and two white aunts. As for the maintenance of the villa, there are of course hourly workers. Hengjin Investment has an office in Los Angeles, and someone takes care of this for Lin Zuhui.
The interior of the villa is very new. It was just two or three years after the renovation. The previous owner sold the property due to poor investment.
After the visit, several people sat down in the living room.
Guan Jiahui took the initiative to sit next to him again, leaned against Lin Zuhui, and said coquettishly: "You will work a lot in the United States this time, will you accompany us on vacation?"
Lin Zuhui put his arms around her delicate body, but couldn't control his other hand and pulled Lin Zixia over and hugged her.
Wonderful, indescribable!
"I really don't have time to accompany you. I have to take a break today and start working tomorrow. My purpose for this overseas trip is investment. You don't want me to have no money to raise my children, right?"
Guan Jiahui pointed at Lin Zixia and said carefully: "Does the eighth child also have a child?"
Lin Zixia said angrily: "What the hell, I won't get involved in what's going on between you!" She was so aura that she immediately suppressed Guan Jiahui from talking back.
Lin Zuhui said with a smile: "That's what I meant. There's nothing wrong with not participating! But you all have to participate in tonight's events!"
The girls immediately turned their heads away, with troubled expressions on their faces.
Lin Zuhui didn't have to worry. He had plenty of money. Money can communicate with ghosts and gods, and naturally he can also bribe fairies.
The next day, Lin Zuhui looked at the bed reluctantly, and then dragged his sore body to the Hengjin Investment Branch in Los Angeles. George, the person in charge of the Americas, had already arrived in advance.
"Boss, I'm so happy to see you!" George said enthusiastically.
Working at Hengjin Investment, there is not much pressure, and the work lies in execution. The main investment is the project designated by the boss, and they complete it. The boss also provided a sum of funds at the beginning, allowing everyone to establish a fund and invest independently. But
The boss never asked how much money the fund had. He seemed to have forgotten it and it was only supervised by the head office.
"George, long time no see!" Lin Zuhui held George's hand and said with a smile.
A very loyal, responsible and capable subordinate!
Arriving at the office, George reported his work to Lin Zuhui.
After listening, Lin Zuhui nodded and said seriously: "This time I come to the United States, one of my important tasks is to prepare a 'family office'!"
George was surprised, and then said: "If a family office is established, how should Hengjin Investment operate?"
Lin Zuhui said: "My family office wants to keep a low profile, but as a rich man like me, it is impossible not to have a private company. Therefore, Hengjin Investment continues to operate independently, giving outsiders the feeling that it is my private investment company."
"
He thought that after the family office was established, in order to establish a strong business and attract public attention, Hengjin Investment would have to be run independently, which was also equivalent to a kind of risk control.
Of course, after the family office is established, Hengjin Investment needs to transfer some assets to the family office. Under the family office, multiple funds must be set up and named after the animals of the zodiac, that is, 12 funds. Each fund can
Establish multiple investment funds and companies in a diversified manner.
George nodded and said: "Okay, boss's idea is very good. Congratulations to boss for your wealth to reach a higher level!"
Lin Zuhui smiled and said: "Yes, I have indeed gained greater strength. You must be prepared for new challenges. I will increase the funds of your Americas Investment Department!"
This chapter is not over yet, please click on the next page to continue reading! George said quickly: "Don't worry, boss, we are always ready!" The more money the boss invests in this department, everyone's welfare benefits will be agreed, which is naturally a happy thing.
Then, George said: "I have already contacted the Korn Ferry International that you asked me to contact. Their president, Cohen, will personally receive you at 1 p.m.!"
Lin Zuhui nodded, and what he needed to establish a family office was talents. Therefore, he asked George to arrange Korn Ferry International as his talent consultant in advance.
Of course, Lin Zuhui would not be so stupid as to let Korn Ferry introduce the entire family office staff. About one-third of the talents were found through Korn Ferry, which is already outrageous.
George thought for a while and said: "Boss, I also know some people on Wall Street. If you need it, I can introduce you to one or two talents. Of course, the premise is that you can convince them!"
Lin Zuhui said with a smile: "It is difficult to convince them. I can only offer high salaries. So, don't introduce me to investment talents who are too powerful, just introduce the kind of talents who may work for me."
George smiled and responded: "I forgot, boss, you are the real king of investors!"
Lin Zuhui accepted it as a matter of course, after all, these senior officials knew about his record.
At one o'clock in the afternoon, Lin Zuhui and George came to Korn Ferry International's headquarters in Los Angeles.
In the previous life, in the talent recruitment industry, especially in high-end job search, Korn Ferry was the undisputed leader in the industry. Together with Heidrick & Struggles, Spencer Stuart, Egon Zehnder and Lawson, it was also known as the top five in the industry. Korn Ferry was established in 1969 and in 1978
It entered Hong Kong in 2001 and has launched business in Japan and South Korea, and has become a global headhunting company.
Cohen, the president of Korn Ferry International, warmly received Lin Zuhui. He had heard of Lin Zuhui's name for a long time. This year, he was the second richest Chinese person. The important thing is that Lin Zuhui was only 25 years old and started from scratch.
Based on this achievement, Lin Zuhui's international reputation seems to be greater than that of Li Chaoren; of course, it is only based on fame, not connections.
"Mr. Lin, it's an honor to meet you. You are a legendary figure!" Cohen said sincerely.
Lin Zuhui responded: "Probably because I am too young! Mr. Cohen, are you right?"
Cohen immediately said: "It's not just that you are young, but you have already achieved great business achievements!"
After some compliments, everyone finally sat down.
Lin Zuhui said directly: "This time I seek cooperation with Korn Ferry International because I want to set up a family office. I hope your company can help us!"
Cohen was surprised and immediately said: "Mr. Lin, I must remind you that the operating costs of a family office are very high. The smallest family office has a yearly operating cost of US$15 million. Rich people in many European and American countries adopt
Two families cooperated to establish a family office.”
Lin Zuhui immediately said: "Mr. Cohen, I know all this. Moreover, the operating cost of my family office is planned to be more than 30 million US dollars."
Cohen immediately understood that he had met a rich man who was good at hiding his wealth. The wealth on the wealth list was only part of his assets. It was incredible. The rich people in Hong Kong were so powerful.
"terribly sorry!"
"Seriously, I think Cohen is a very good person!"
Cohen nodded and continued: "Since I know Mr. Lin's general strength, our company will definitely introduce you to the best talents!"
Then, the two parties communicated about the family office’s start-up team.
So far, there are two types of family offices in the world:
Single family office (sfo), sfo is a family office exclusive to ultra-high net worth families. It is only responsible for one family and has higher costs;
Multiple family offices (MFOs), MFOs are responsible for the wealth management of multiple families, mostly commercial banks, trust banks, and family offices. They mainly focus on the appreciation of wealth.
The family office that Lin Zuhui wants to establish naturally belongs to the SFO, and it is a comprehensive management SFO. It is expected to recruit 100 to 200 world-class talents, and it needs to be improved step by step;
There are only a handful of family offices of this level in the world! The reason why he dared to invest like this was because he knew that his wealth would reach a terrifying level in the future.
Lin Zuhui named this family office "Lin Zuhui Family Office". The highest authority of the "Lin Zuhui Family Office" is the "Family Council". He himself serves as the chairman and invites a few fairies to come in as directors. When his children grow up,
, and then took over their mother’s directorship.
The second generation of the Lin family will definitely have more than 20 people. Then with the emergence of the third and fourth generations, the number of family members may rise to hundreds or even hundreds. Zhu Yuanzhang's Ming Dynasty ruled
For hundreds of years, the number of descendants is said to be as many as one million. Of course, Lin Zuhui was just making a comparison.
Obviously it is impossible for all of these family members to work in family businesses or family offices; this will cause serious asymmetry of information between family members and coordination will become more difficult; then it is very necessary to establish a family council, a family director
The association can represent family interests, handle family affairs, and be a formal communication platform for family shareholders. It is also the highest decision-making and power body of the family.
At the same time, the ‘Family Council’ also supervises and audits the existence of the family office. The ‘Family Council’ is the board of directors of the ‘family office’, and below the ‘family council’ is the CEO of the ‘family office’.
The CEO of Lin Zuhui's family office will naturally be subject to some restrictions (can be removed at will) during the "Lin Zuhui Era"; but once Lin Zuhui dies, the CEO's rights will be infinitely magnified.
It basically requires all the members of the family council to work together to contain the CEO. In fact, it is difficult to work together unless it involves real family interests. The purpose of doing this is naturally very simple. Lin Zuhui is worried that some of his unscrupulous descendants will be ruined.
family property.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! The CEO of Lin Zuhui Family Office is divided into six major departments: investment management, estate planning, tax planning, trust services, family governance, and administrative services.
The responsibilities of the investment management department are: investment projects, asset allocation, manager selection, and investment performance monitoring.
The responsibilities of the estate planning part are: trust management, formulation of trust plans, fund management, and physical asset management.
The responsibilities of the tax planning department are: formulating tax plans, coordinating tax documents, and reasonably avoiding taxes.
The responsibilities of the trust service department are: acting as a legal person trustee and supporting individual trustees
The responsibilities of the family governance department are: wealth vision and goals, planning educational programs for family members, family meetings, and charity planning.
The responsibilities of the administrative services department are: legal issues, travel planning, shopping planning, housekeeping services, document management, transfer payments, cash flow and budget management, and risk management.
This cooperation with Korn Ferry International only involves recruiting a few of the most important positions, such as family office CEO, investment management manager, etc.
Cohen asked: "Which type of talent does Mr. Lin prefer when choosing a family office CEO? Talents with backgrounds such as investment officers, lawyers, accountants, etc.!"
Lin Zuhui said: "Management-oriented requires comprehensive talents. Investment ability is not very important! It is also possible to have talents who have failed to start a business."
"OK!"
After some exchanges, Lin Zuhui left Korn Ferry International with satisfaction!
A family office requires preparation time and cannot be established overnight.
However, he has Hengjin Investment, so there is no need to rush.
On the way back, Lin Zuhui said to George: "Collect information about Cisco for me. We are going to invest in it this time!"
George said: "Cisco only went public this year, and its market value is only over US$200 million."
Lin Zuhui nodded and said: "Then buy 3% of the scattered shares!"
"OK!"
When he comes to the United States this time, Lin Zuhui does not intend to rush to invest in long-term stocks in the U.S. stock market, such as familiar high-quality companies such as Coke, United Health, Johnson & Johnson, Wal-Mart, and Procter & Gamble.
After the family office is established, it will officially start investing almost at the end of this year.