Time flies and we arrive in 2014 in a blink of an eye.
Early March.
New Era Group held its annual financial report conference, which attracted a large number of media.
For the first time, Lin Zuhui, Lin Wenjie and their son sat in the middle position, causing the media to speculate whether the succession of New Era Group will go further.
On the rostrum, Lin Zuhui, with a slight smile, personally gave the "2013 Annual Financial Report" work report.
"As of December 31, 2013, New Era Group's annual revenue was HK$1.25 trillion, an increase of 25.5% over the previous year... It recorded a net profit of HK$137.86 billion, an increase of 13% over the previous year.
....."
"The economic situation in 2013 is still unclear and continues to affect certain markets and regions in which the company operates. However, with the exception of some emerging markets, the trend in the second half of 2013 has generally improved, bringing a positive outlook to the business as a whole in 2014."
"We will focus on the long-term interests of shareholders and take into account relevant economic and political factors. We will continue to adhere to the "steady growth" strategy and continue to invest in developing our core business. We will still focus on achieving long-term recurring profit growth and maintaining a strong financial position.
We are cautiously optimistic about the company's prospects."
With thunderous applause, New Era Group achieved greater success, once again surpassing HSBC and becoming the most profitable local enterprise in Hong Kong.
In the annual financial report of the Cheung Kong Group at the end of February, the Cheung Kong Group recorded a profit of 25.2 billion, and Hutchison Whampoa recorded a profit of 22 billion. The total annual profit was only 47.2 billion. Calculated in this way, the Cheung Kong Group is only the New Era Group.
A little more than 40% profit.
The annual profit of HSBC in 2013 was HK$128 billion, which was HK$20 billion lower than New Era Group.
With such achievements, there is no reason not to be proud.
After the annual financial report, Lin Zuhui added: "Finally, let me talk about a personal matter. I have included 51.6% of the equity of New Era Group that I hold into the 'Lin Zuhui and Lin Wenjie Family Trust Fund', and this trust fund, Mr. Lin Wenjie
Holds 70% of the shares."
Boom, like a depth charge detonating, all the reporters were restless!
A giant with a market value of 1.35 trillion, involving an equity of 700 billion Hong Kong dollars, has been handed over.
According to Lin Wenjie's shareholdings, this 26-year-old young second-generation rich man has a net worth of 490 billion Hong Kong dollars, or 63 billion US dollars.
In the 2013 Forbes rankings, this person is the fourth richest person in the world, second only to Lin Zuhui (USD 126 billion, Matrix Partners’ equity is 73 billion US dollars), Carlos (Mexican telecommunications tycoon, US$ 73 billion), and Bill Gates (USD 710 billion).
billion U.S. dollars).
For a moment, reporters at home and abroad rushed to raise their hands during the question-and-answer period, as if they had been given a shot of chicken blood.
Reporter: "Mr. Lin, you put the equity into the trust and let your son, Mr. Lin Wenjie, hold 70% of the shares. Does that mean you have decided to take over? But you are only 49 years old and you look so young."
Lin Zuhui: "The main reason for this arrangement is that I want to focus more on charity. The Lin Zuhui Family Foundation should learn from the Bill & Melinda Foundation in the United States and invest more and more broadly in charity.
Career. Of course, I will still supervise companies such as New Era Group. In fact, many people know that I have always been a hands-off manager. Thanks to the help of the management and employees who have followed me for decades, I
.In any case, running a business is also a responsibility, and you have to be responsible for hundreds of thousands of shareholders and hundreds of thousands of employees. Please rest assured that I am not completely retiring."
Reporter: "You just said that you want to learn from the Bill & Melinda Foundation in the United States, which means donating more; but, you have also divided your wealth?"
Lin Zuhui: "It's a normal equity handover. We Chinese have a saying that 'son inherits the father's business'. My career will be inherited by my son. As for the funds for charity, I will use the equity of the companies I invested in privately and the cash in hand."
, everyone will wait and see.”
Next, reporters asked Lin Wenjie questions one after another. Lin Wenjie handled various issues very steadily.
In terms of stability, he is much better than Lin Zuhui.
After the annual financial report meeting, Lin Zuhui returned to the office.
Recalling the scene last year, Li Chaoren indeed sold off many assets in the Mainland and Hong Kong, and was questioned by the media as "running away".
New Era Group, on the other hand, is standing still and has only significantly reduced its efforts to acquire land in the mainland and Hong Kong. Even if it acquires land, it will be high-end residential land and can be sold within five or six years.
As for commercial projects in Hong Kong and the Mainland, some small and medium-sized projects will be sold to some extent before 2018. Lin Zuhui believes that at that time, Hong Kong capital will be for sale, and it will be harmless if New Era Group is mixed in.
The reason why he cares so much about reputation is because he has huge other businesses in the mainland, such as clothing, beverages, food, beer, etc., and this is the reason why his whole body is affected by one move.
.........
USA, Forbes Company.
"Editor-in-Chief, hurry up and change the ranking of the world's wealth list!"
A reporter rushed into the editor's office and said urgently and excitedly.
The editor-in-chief frowned and said unhappily: "What's the matter with you? Our list is authoritative because it has undergone strict auditing. How can it be easily changed?"
The reporter didn't care about the editor's rudeness, but said excitedly: "The world's richest man has separated. Although he is still the world's richest man, he announced in Hong Kong that he would hand over most of the shares of his most important company to his
The eldest son, Mr. Lin Wenjie."
The editor-in-chief suddenly stood up and said excitedly: "Really? What exactly is going on? Please tell me clearly quickly. Damn it, we are going to publish it in three days. Fortunately, we are in time!"
The reporter narrated what happened, and the editor listened with interest.
The world's richest man is a legend. Even his apparent wealth is more than the second and third places combined. And this title of the world's richest man has been occupied by others for 18 years.
This chapter is not over, please click on the next page to continue reading! It’s crazy!
After some calculations, Lin Zuhui is still the richest man in the world, but he is no longer far behind the second place; at the same time, Lin Wenjie was promoted to fourth place in the world, second was Bill Gates, and third was Mexican telecommunications tycoon Carlos.
.......
Just two days later, at Octopus Bank's annual financial report meeting, Lin Zuhui's second son, Lin Wentao, attended the meeting as an executive director, which once again caused widespread coverage in the Hong Kong media.
"Mr. Lin Zuhui wants to retire at the age of 50. Is he too eager to push his son to the top?"
"It is indeed a bit early, but Mr. Lin Zuhui has not stepped down as chairman and will always be involved in large-scale affairs of the company. Moreover, Lin Wenjie and Lin Wentao are both top graduates. They are fathers of tigers and have no sons. I believe they can keep the family business."
"Tsk, tsk, no matter what, people like Li Chaoren only handed over power when they were 70 or 80 years old. Mr. Lin, on the other hand, is thinking about handing over power when he is over 40 years old. It is really torture."
.......
Forbes released its ‘World’s Richest List’ in early March.
First place: Lin Zuhui, with a net worth of US$82 billion;
Second place: Bill Gates, worth $80 billion;
Third place: Carlos, with a net worth of US$72 billion;
Fourth place: Lin Wenjie, with a net worth of US$64.5 billion;
Fifth place: Amancio (zara), with a net worth of US$64 billion.
For a time, global public opinion was in an uproar, and the citizens of Xiangjiang were even talking about it.
"Isn't it true that Lin Zuhui's family has been separated? How can he still have 82 billion US dollars?"
"The market value of its companies is high. In fact, this list has already underestimated a lot of wealth."
"It makes sense! But the Lin Zuhui family is too powerful. The top 20 richest people in Xiangjiang don't have as much wealth as them. How can a small Xiangjiang support such a huge wealth?"
"You can tell by looking at New Era Group's financial report. Others account for a very large share of global business, so the market value is naturally high. In addition, Mr. Lin Zuhui's shareholding in his own company has always been around 50%."
"These rich people are so unkind because they don't know how to donate more of their money to us poor people."
"Hey, there is nothing we can do about it. The rich are getting richer, the poor are getting poorer, and the housing prices are getting higher and higher..."
.......
In mid-March, Lin Zuhui and Wang Lingyin held a donation ceremony in the name of the "Lin Zuhui Foundation" and invited many reporters at home and abroad to witness it.
On the rostrum, Lin Zuhui and Wang Lingyin sat in the middle. On both sides were some management members of the "Lin Zuhui Foundation", including Chen Xiaofen, the former director of New Era Group.
"Thank you all for coming here! I have always been doing charity because I didn't want to bother my friends in the news media, but this time it's a little different. It's a testimony that I'm focusing on entering the charity field."
"The Lin Zuhui Foundation, after strengthening its team in the past two years, has become more standardized and comprehensive, which also makes me more confident that this team can help more and more people."
"So, today the couple decided to donate 10 billion Hong Kong dollars in cash and 9.1% of Penguin shares worth 100 billion Hong Kong dollars to the Lam Cho Fai Foundation. In the future, I hope I can donate more."
"In order to ensure that these funds can help more people, the Lam Cho Fai Foundation's budget this year is HK$22 billion for charity. The funds are mainly used for global poverty alleviation, health improvement, drug research and development, agricultural innovation, education funding, etc.
.”
For a moment, the whole scene exploded.
The donation of up to 110 billion Hong Kong dollars can only be compared with Bill Gates and his wife, and Buffett.
In fact, Lin Zuhui has probably donated about HK$50 billion to charity in recent years.
Compared with Buffett and Bill Gates, it is indeed far behind, but Lin Zuhui has always explained his charity budget as the world's richest man by saying that he is still young and will take time to focus on charity.
Now, Lin Zuhui obviously wants to fulfill this promise.
What's important is that with the global spread of the Internet age and the widening of social gaps, as the world's richest man for 19 years, he must increase his efforts in charity, which is also a measure to protect his family.
The charitable funds of the "Lin Zuhui Foundation" will no longer be limited to the mainland, but will be contributed to the entire human race; of course, if the funds from the mainland are convinced that they can be implemented, he will not be stingy.
........
The next day, media outlets across Hong Kong reported on the affairs of the Lam Cho Fai Foundation.
A: "Wow, the donation of 110 billion Hong Kong dollars is much more than the eighth richest man in Hong Kong, the Kadoorie Family, and about the same wealth as the seventh-rich Cheng Yutong Family."
B: "It's a waste. This little money is just a waste to the world's richest man! Besides, it's not a donation to you and me. It won't even be donated to Hong Kong. Don't be wishful thinking!"
C: "It makes sense. These rich people in Xiangjiang are all blood-sucking insects in Xiangjiang. It's all their fault that housing prices are so high!"
A: "When you talk about other rich people, I won't refute it. But when it comes to Mr. Lin Zuhui, I will refute a few words. Who created the cultural industry in Hong Kong? Who created the technology industry in Hong Kong? Do you know how much these industries affect Hong Kong?
GDP is 30%, and it supports hundreds of thousands of people. Have you ever seen Americans squeeze out Bill Gates?"
B: "The cultural industry and the technology industry cannot be said to have been created by Mr. Lin Zuhui, right? How could he create it alone?"
A: "Who came up with Hong Kong Streaming, who developed comics, who started the online game industry, and who developed the software industry? They are all other companies. Do you dare to say that they have nothing to do with Lin Zuhui?"
For a time, such debates could be seen everywhere in Hong Kong.
In the past, Lin Zuhui's status and reputation in Xiangjiang had almost no negative reviews.
As time went by, housing prices in Xiangjiang became higher and higher, and Lin Zuhui began to be affected.
Of course, overall, the reputation is much better than that of other wealthy people in Hong Kong.
But in any case, Lin Zuhui started to be charitable, just to improve the external environment to the greatest extent.
........
Villa No. 75, Deep Water Bay.
Lin Zuhui's family was having dinner, including the eldest daughter-in-law Chen Xiujun. Last year, Lin Zuhui was promoted to grandfather, and Chen Xiujun gave birth to a son for the Lin family.
Considering this reason, Lin Zuhui transferred the major shares of New Era Group to Lin Wenjie in the form of trust at the beginning of this year.
"Wenjie, from now on, if you two want to use big money, invest, and enjoy life, you can spend it from the trust fund, and you don't have to be careful anymore."
Lin Wenjie, Chen Xiujun and his wife did not fall into that kind of ecstasy in their eyes, and they were relatively calm.
"The family office gives me a lot of money every year, and Baba's mother gave me a lot of money when I got married, but I didn't realize that I was short of money," Lin Wenjie said calmly.
When he was in college, the living expenses provided by his family were neither high nor low, which was considered to be the level of a wealthy family. He could not afford to buy luxury cars, but there was no problem in buying a second-hand car. Then during the two years he worked in the United States, he took the initiative to give up his family's money.
After returning to work in Hong Kong (in 2010), Wang Lingyin gave him a lump sum of 660 million in cash, which was money given to him by the family office for 22 years, which was equivalent to what his mother had saved for him.
When they got married (in 2012), Lin Zuhui, Wang Lingyin and his wife gave the couple another 1 billion Hong Kong dollars in red envelopes.
Lin Zuhui said with a smile: "Now and then, you have married and established a business, and you have become a Baba. Whether you are enjoying life or investing, I will not interfere with your use of your own money."
Lin Wenjie and his wife then nodded and thanked Lin Zuhui and his wife.
In fact, Lin Wenjie had already understood Lin Zuhui's intention in advance, and what he said today was just for his daughter-in-law Chen Xiujun.
But in fact, if it is investment, Lin Wenjie will still invest in the form of a trust fund, which means that it has little to do with Chen Xiujun.
This is a wealthy family, and the property is very well protected!
Assuming there is any problem between the couple, Chen Xiujun won't be able to get away with much money at all, except what Lin Wenjie gave her.
Of course, when the couple got married, Lin Zuhui and his wife gave their in-laws eight Mid-Levels mansions worth hundreds of millions of Hong Kong dollars, showing their true qualities as the world's richest men.
On the other side, Lin Wentao was eating silently, fearing that Lin Zuhui and his wife would ask him about personal matters.
Lin Wentao is only 23 years old this year. He has been working for two years and usually lives alone in a mansion in the middle of the mountain. There are already gossips about him.
"Ling Yin, give Wen Tao all the money he received from his family office since he was a child. How can you get a girlfriend without spending money!"
Lin Wentao was surprised at first, and then his face turned slightly red. After all, he was under the eyes of his parents.
Wang Lingyin nodded and said with a smile: "It's good to spend money to have a girlfriend, but don't overdo it!" It was full of warning.
It's very simple, you can date one, but it's not suitable for you to change to another, but you can't date both at the same time. This is Wang Lingyin's attitude.
"I promise!" Lin Wentao said quickly for the sake of money.
Wang Lingyin then said: "Your brother also worked outside for two years before he got this money."
Lin Wentao immediately flattered him and said: "Mom and Dad, I don't dare to think too much about this. I have been working for almost two years and I haven't asked for a penny from you. At most, I just live in my family's house."
Lin Zuhui said casually: "You are quite capable, if you hadn't asked your brother for money!"
Lin Wentao opened his eyes wide and looked at Lin Wenjie in disbelief!
Lin Wenjie quickly said: "It's none of my business, I can keep the secret!"
Lin Zuhui shook his head and said: "A soldier never tires of deceit!"
In fact, he will not urge Lin Wentao to get married or anything. He can at least relax the age of 30 before urging him to get married and have children.
As for when he can get the shares of Octopus Financial Group, at least he has to have descendants. As for Octopus Financial Group, Lin Zuhui is not in a hurry to hand over the shares. Anyway, half of the assets are not listed - Bahrain Bank.
At present, the total assets of Octopus Financial Group are in the trillions, Octopus Bank's net assets have exceeded 500 billion, and Bahrain Bank is almost the same number.
Last year, Barings Bank made a huge profit of US$6 billion from the US dollar against the yen, Japanese stocks, and the Nikkei.