Extraordinary Genius
Chapter 1081 – Getting listed one after another
Most American investors are very interested in tech stocks now. This made Feng Yu confident that his Chinese web portal companies’ share prices will skyrocket after they got listed.
Feng Yu remembers in his previous life, the share prices for the three major Chinese Web portals shot up, and the three founders made it on the Chinese Top Billionaires. They even made it on <Forbes> billionaire list for a while, before dropping out.
Although the three founders are still on the Chinese Billionaire list, they did not make it onto <Forbes> for the next few years.
The internet boom had created many billionaires, but at the same time, many of them only lasted for a while. The ones who knew how to stop in time had made tons of money. For example, the NBA’s Dallas Mavericks, Mark Cuban, amassed more than 2 billion USD by investing in the tech stocks.
After that, Mark Cuban sold his company for cash and shares of other companies before buying the Dallas Mavericks.
In the future, Mark Cuban’s asset did not grow so fast again and only grew slowly and steadily. He has enough money and is managing his favorite basketball team.
Yahoo’s shares are also skyrocketing, and Feng Yu realized if he sells all these companies’ shares at the highest point at the end of this year and early next year, he can raise enough funds to acquire Advanced Micro Devices, Inc.
Just Feng Yu’s Microsoft and Yahoo’s ordinary shares will worth 40 billion USD.
This sum of money is enough to acquire more than 50% of AMD’s shares and Feng Yu to become the biggest shareholders, and he will have the final say in the company.
If this amount is not enough, Feng Yu can also let his other companies, like Aiwa, etc. to get listed.
……
“Bill, Feng’s asset is increasing exponentially recently. The companies he invested are getting listed one after another, and their share prices are climbing sharply.” Paul Allen took a puff of his cigar as he looks at Bill Gates.
“His asset did increase a lot compared to last year. But our assets are also raising, and he can’t overtake us!” Bill Gates replied confidently.
Microsoft’s share prices are rising rapidly, and Bill Gates’s assets are over 70 billion USD. He is way ahead from the pack, and it’s hard for the rest to catch up with him.
Only Feng Yu’s asset is growing rapidly. <Forbes> and many other financial magazines see Feng Yu as the only person who might exceed Bill Gates.
But a few magazines had the same thinking as Bill Gates. Feng Yu can only look at Bill Gates’s back and will never catch up with him.
The most interesting part is the netizens. They had started a discussion on the internet, and some of them felt Bill Gates will be the World’s Wealthiest Man forever. Feng Yu and Warren Buffett will never catch up with him.
Some netizens felt Feng Yu will catch up with Bill Gates very soon because Feng Yu’s company’s subsidiaries are getting listed now. It is the bull market now, and their share prices will shoot up. The share prices of these subsidiaries will increase by a few folds, and Feng Yu’s assets will be doubled.
Feng Yu and Bill Gates did not mention anything about this, but the netizens had started arguing over this.
“Bill, should we speak to Feng? I remembered when you exchange 2% of voting shares with him, the contract states that if Feng Yu leaves Microsoft, the original shareholders of Microsoft will get the priority to trade with him.” Paul Allen said.
Bill Gates looks at Paul Allen. “If you want those shares, you can speak to Feng. Feng is still Microsoft’s shareholder and has no intention of selling his shares. We have not a reason to force him to sell those shares to you.”
Since Microsoft was founded, Paul Allen had been unhappy with the proportion of his shares. But at that time, Bill Gates had a stronger backing than him. Don’t think that Bill Gates had really set up Microsoft from nothing. He, including Warren Buffett, etc. has strong backings.
Li Zekai, had also claimed to have built his fortune by himself. But Superman Li had helped him a lot in his career.
Most of Paul Allen’s investments in the past were making losses, and only a handful had made some money. He regretted selling some of his Microsoft shares in the past and wants to increase his shares now, especially voting shares.
But no one is willing to sell their voting shares.
Paul Allen smiled and did not say anything. He heard rumors that Bill Gates will be transferring his assets to a foundation to avoid estate tax. The US’s estate tax is very high and could reach up to 55%!
This tax includes inheritance, transfer, etc. and forces one to spend their money while they are alive.
But having a charity foundation is a good way to avoid taxes. Not only donations can lower the taxes, and it can avoid certain taxes, like the estate tax, etc.
If Bill Gates sells his shares, then Paul Allen will become the biggest shareholder, and he will have the most voting rights.
But from what Bill Gates said today, he seems he has no intention of selling his shares now.
“Bill, how is your charity foundation? I heard Buffett had donated a sum of money into your fund.”
“Yes. Buffett had given me a lot of suggestions.” Although Bill Gates is conceited, he is not a fool. He is no doubt the leader in software development in the world now, but when it comes to investment, Warren Buffett is much better than him.
The media had given Warren Buffett the nickname of God of investment. Still, they had never given Bill Gates the nickname of God of Software!
If Bill Gates did not say anything else. He is thinking about Feng Yu’s companies getting listed. Lenovo Kingsoft, Sina, Sohu, and NetEase’s share prices had shot up after they got listed. Are all these companies have the potential? Yes. But Bill Gates did not expect these companies’ shares to be so popular.
Is it because these companies are Chinese companies?
Many investors felt China is following the US’s footsteps and is focusing on internet technology.
Bill Gates wondered why Feng Yu had not let his companies get listed in the past, and rushed to get them all listed suddenly now?