39 billion US dollars. During the financial crisis, such a huge amount of money is like a headlight in the dark and cannot be hidden at all.

Wang Heng also wants to buy stocks of Google, Apple, Amazon, and Microsoft, and then cash out more than one trillion US dollars in 2021.

It is simply whimsical. Not to mention one trillion US dollars in cash, even his current US$39 billion is like a light bulb in the eyes of major financial institutions, not to mention Guo Jia Institution.

When Wang Heng started to settle, the headquarters of Fubufu magazine quickly received the information.

Because of the previous scandal, Fei Bu Fu magazine wanted to prove its authority this time and targeted Wang Heng early.

The assets of Hengda Group were also quickly sent to President Fu BuFu. President Fu BuFu wanted to make explosive news this time.

Therefore, he wants to keep Hengda Group's companies within a reasonable range and calculate them based on the highest valuation.

The current assets of Hengda Group are;

First, Hengda Investment, with securities trading income of US$39 billion, plus the equity investment of the founding company, total assets are 280 billion RMB.

Second, Honor mobile phone has a valuation of 250 billion. Hengda holds 51% of the shares and has a market value of 125.7 billion.

Third, Pinxixi Mall, Pinxixi Mall has total assets of 109 billion, Hengda Group 48%, with a market value of 52.3 billion.

Pinxixi’s assets are:

1. 18 billion was invested in the two major projects.

Second, merge JD.com’s 20 billion cash,

3. Shared bicycles are valued at 10 billion.

Fourth, carefully selected 21.77% equity of 21 billion,

Five, the main body of Pinxixi Mall is 40 billion,

The CEO of Fububui chose the ps method (price/sales) multiplied by the expected price-earnings value to calculate the valuation of Pinxixi Mall.

Pinxixi Mall has 220 million registered users, 50 million active users, annual sales of 800 billion, profit of 4 billion, and fees of RMB 5,000.

However, Pinxixi’s 4 billion profit can barely cover the needs of operations, such as employee wages, electricity bills, Internet fees, etc. There is no surplus profit and it needs financing subsidies.

The ps algorithm only counts profits and does not calculate net profits. For example, Ali's annual income is more than 200 billion RMB. In the bull market, multiplied by 20 times the price earnings, that is, the market value is 4-5 trillion.

The bear market will drop to about 8-10 times, which is 1.6 trillion.

Pinxixi's annual income is 4 billion RMB. We are currently in financial crisis, so the price earnings will not be too high. However, if he is not satisfied, the CEO still values ​​Pinxixi at 40 billion according to the highest standard of the bear market.

Fourth, Yanxuan Group, Yanxuan Group has total assets of 103.5 billion, Hengda Group directly controls 40.15%, with a market value of 41.5 billion.

The assets of Yanxuan Group are:

1. 50% of the B2B market value of 32 billion is 16 billion,

Second, Yanxuan Mall also uses a PS algorithm of 18 billion.

Three, Taobao Mall 16 billion,

4. Alipay + Yahoo China + other holding companies 5 billion,

Five, working capital of 30 billion,

6. Wang Heng owes 7.9 billion recoverable funds.

Seven, Pinxixi 9.9% equity 10.6 billion,

Fifth, Meituan Waimai, Meituan Waimai is valued at 40 billion, and is 100% controlled by Hengda Group, with a market value of 40 billion.

Sixth, Pinpay. Pinpay offline payment has been a great success and its valuation has exceeded 20 billion. Hengda Group holds 95% of it, with a market value of 19 billion.

Seventh, Facebook, Facebook’s valuation increased by US$26 billion, Hengda Group has 5% equity, market value is 8.8 billion RMB,

Eighth, Le Youku...

Ninth, Hengda Entertainment…

Tenth, Express Alliance...

Eleventh, Hengda Weibo…

…

The total of more than a dozen subsidiaries invested by Hengda Group has exceeded 610 billion RMB in market value.

99% of the equity of Hengda Group is controlled by Wang Heng, so Wang Heng is worth 610 billion.

The CEO looked at the previous list of the world's richest people.

No. 1. Warren Buffett, 77 years old, $62 billion

No. 2. Carlos Slim Helu Family 68 years old 60 billion US dollars

No. 3. Bill Gates, 52 years old, $58 billion

…

According to the current exchange rate of RMB to US dollar, 610 billion is equivalent to US$89.7 billion.

That’s $27.7 billion more than Buffett, who was originally ranked as the world’s richest man.

After checking the data, the CEO of Fububui excitedly called over the magazine’s editor-in-chief.

"The world's richest man this time is China's Wang Heng, worth 89.7 billion U.S. dollars. If you take Wang Heng's information and carefully compile it in the magazine, everyone will be surprised whether we accept it this time. Be sure to write it clearly and make sure everyone

No one can find fault with it.”

The editor-in-chief of the magazine was also surprised after taking a look at the information given by the president.

"President, are you right?"

In the company, the magazine writing and intelligence departments are two different departments, so the chief editor does not have the information that the president has.

When the intelligence department is sure that it is correct, it will be sent to the establishment department. Obviously, the president has done a good job in keeping secrets in order to make a splash.

"It's absolutely true. You can rest assured to write it. By the way, you can send someone to interview the new world's richest man. We will publish another special issue on Wang Heng."

"Okay, CEO!" The editor-in-chief also knew the importance of this information at this time, and hurriedly walked to the preparation department with the information.

………

A few days later, the 2008 Global Rich List magazine was officially released.

As soon as Fubufu magazine was launched, it was immediately shocking. An unknown person suddenly became the world's richest man with a net worth of US$89.7 billion.

And this is the wealth created by a person who started his business less than 3 years ago.

Everyone knows that the profits in the high-tech industry are terrifying, but the data from Hengda Group shocked the industry.

And because Wang Heng has become the world's richest man, Hengda Group's subsidiaries have been favored one after another. For example, Pinxixi, Yanxuan, Meituan, etc. have been promoted several levels by global investment companies. They are all unanimously optimistic and recommend investment.

And Yahoo, Tencent... and other listed companies that own the equity of subsidiaries of Hengda Group have stopped falling, and even bucked the trend and rose a point.

Convinced or not, Wang Heng’s net worth is actually underestimated. He has more than $89.7 billion in assets. In fact, more than 40% of Facebook’s equity is hidden by Lin Wenying.

In addition, Wang Heng's net worth has exceeded 100 billion U.S. dollars. This should be regarded as the first individual in human history with wealth exceeding 100 billion U.S. dollars. This is an unprecedented new record.

Bu Feng really became a blockbuster this time, and Wang Heng also became famous. Fortunately, he is now hiding in Wang Ke's house in Xiangjiang, and no one disturbs him.

At this time Xiao Yan called,

"Recently, your news is everywhere. Have you paid attention to it? There are also public opinion topics on the Internet."

"No."

No one really disturbed Wang Heng where he lived, because no one knew, and everyone gathered around his villa in the middle of the mountain.

Xiao Yan directly told what she knew,

"There are two main topics. One is that you have become the richest man in the world with a net worth of US$89.7 billion. The other topic is that you have not engaged in any relevant public welfare activities so far. It is said that you are rich and unkind."

"Call me rich and unkind?"

"right!"

It is true that Wang Heng has never done any charity activities, and Hengda Group has not made any similar donations.

But Pin Xixi and Yan Xuan had donated a large amount of money. Of course, this would not be recorded in Wang Heng's name.

So everyone discussed and discussed, Wang Heng has never personally donated money, and Hengda Group, as a company with a market value of more than 600 billion, has never done any charity activities.

Wang Heng couldn't help but said,

"I'm so busy that I don't have time to do such fancy things. Besides, my company was a start-up company before, and every company was in desperate need of help. Where can I find spare money to donate? Now that I have some money, charity can really be done.

I did, but I can’t believe other prices. In the past, there was no way to make donations from Xixi and Yanxuan.”

When Xiao Yan heard that Wang Heng wanted to do charity, she couldn't help but asked curiously, "How do you plan to get started?"

Wang Heng said directly, "Education."

Wang Ke was confused, "Education?"

"Yes, education fund, Hengda Group's subsidiaries are all high-tech companies, and they start cultivating users from school."

Xiao Yan asked, "Are you coming back?"

"It's not the right time yet, but this time I want you to come forward. You should set up an education charity fund in my name, and then be responsible for managing this charity fund for me."
To be continued...