Please support me and enjoy a range of exclusive chapters on Patreon from $5 onwards.
$5 or more per month – Access to 7 Advance Chapters of Extraordinary Genius and 2 Advance Chapters of Power and Wealth.
$10 or more per month – Access to 10 Advance Chapters of Extraordinary Genius and 4 Advance Chapters of Power and Wealth.
$20 or more per month – Access to 15 Advance Chapters of Extraordinary Genius and 8 Advance Chapters of Power and Wealth.
Extraordinary Genius
Chapter 1258 – Intentions to delist
Feng Yu returned to New York again to check on his companies’ progress. When Kirilenko found out Feng Yu had come, he quickly rushes over to meet him.
But when Feng Yu saw Kirilenko, he noticed he is unhappy.
“Brother Ki, what’s wrong? Did something happen to your basketball team?”
Feng Yu is curious. The Nets had moved to Brooklyn and had played well this year. They are still the no. 1 in the Eastern Conference.
“There’s nothing wrong with my team. They are playing well. Although they had lost a few matches, that’s because we have rested the main players. The team doctor had wanted our main players to have more rest to prevent injuries.”
“That’s normal. The players are training every day and playing matches, and they need to rest. If it’s not about your team, why are you unhappy?”
Feng Yu got even more curious. Brother Ki’s investments in the US are fine, and they are still making money from the Gold market. Why is he unhappy?
“Feng, have you read the latest issue of <Forbes> magazine?” Kirilenko asked with a frown.
“Yes. <Forbes> had sent me a copy. What’s wrong?”
“Free?” Kirilenko asked.
“It’s free. It’s just a magazine, and it doesn’t cost anything.”
“Why are you all getting the magazine free? Why do I have to pay for it?!” Kirilenko is furious.
Feng Yu: “……”
Do you have to be so angry over such a trivial matter?
“Brother Ki, this is a trivial matter. Do you need to be so angry?” Feng Yu asked.
“A trivial matter? Who says this is a trivial matter? This is a form of privilege! I am the Top Billionaire of Europe! How can they treat me like this? These damn Americans are too much!” Kirilenko shouted.
“Huh? Why didn’t they send a copy to you?” Feng Yu is puzzled. With Kirilenko’s position and net worth, <Forbes> should have given him a copy.
“That’s because they are blind! How can they place me in eleventh place?!”
Does it mean only the top ten will get a copy free?
Then it must be frustrating for Brother Ki for being in the eleventh place.
“Feng, do you think my assets had shrunk? If not, my net worth should be about the same as the eighth position. Also, the eighth position guy’s assets are still dropping, and my assets are growing!”
“Brother Ki, calm down. <Forbes> have their ways to assess everyone’s assets. Furthermore, you are the one who wanted to hide some of your assets like me. Are you thinking of revealing all your assets now?”
Kirilenko hesitated. “Never mind. You had mentioned before that we must keep a trick up our sleeves. Our company is still small now, and need time to be ready. Alright. I will admit my loss this time. Anyway, I am confident I can enter the top ten soon!”
“That’s right. That’s no point chasing after these titles. In another few years, you will be ranked above Bill Gates.” Feng Yu smiled.
Kirilenko looks at Feng Yu unhappily. “You have already overtaken Bill Gates, but I still a long way to go.”
“But you had already overtaken Paul Allen, right?”
When mentioned about Paul Allen, Kirilenko cheered up. “That’s right. Paul Allen’s net worth had fallen a lot. His net worth is less than 10 billion now. Hahaha… I remembered he was still arrogant in front of me. Let’s see if he still dares to be arrogant now.”
“Brother Ki, you don’t need to worry, and what I said was not to console you. It’s the truth.”
“The truth? You mean my wealth will overtake Bill Gates in a few years?” Kirilenko is overjoyed but is also in doubt. He cannot foresee his assets growing so fast.
“Brother Ki, I see eBay’s shares should stop falling soon. If you have funds, get ready to buy eBay’s shares at the lowest point.”
eBay had developed well these two years and expanded very fast. But they are still affected by the dot.com crash and the global financial crisis. If Kirilenko had not dumped eBay’s non-voting shares, he might suffer heavy losses.
Luckily, Kirilenko’s money from selling his eBay shares is invested into the Gold market with Feng Yu. He is making profits every day. If Feng Yu had not warned him not to use high leverage, his net worth might be over 20 billion USD now!
Kirilenko also knows using high leverage for futures is risky. If he has 100 million, he will dare to gamble it for 1 billion. But when he has 10 billion, he dares not to take the risk.
When you have lesser assets, you can take risks. You can only grow faster if you take risks. But when you have higher assets, you will not dare to take risks because the losses will be great. Also, even without taking risks, you can get high returns.
“Then do I need to sell off some of my gold futures?” Kirilenko is unwilling to sell off his gold future contracts.
Feng Yu rolled his eyes. “You owned so many companies’ shares. You can just use them to get a loan. eBay is doing well, and once it built up its scale, the share prices will rise sooner or later. When the market recovers, your eBay shares will surely rise.”
Kirilenko’s eyes brighten up. That’s right. Bank loans. Although the interest is high, it’s much lesser than the returns from Gold futures. Also, with his status, he can get higher loans for the same collateral in Russia.
“Is your Chinese websites’ share prices going to rise? I had bought some of its shares. Can I make some money from them?” Kirilenko asked.
“You can forget about that because those few companies’ shares will not drop during this period. After our Chinese New Year, I will delist these companies.”
“Delist?!” Kirilenko is shocked. Those companies’ share prices are not high, and Feng Yu can easily make them rise.
“Yes. Didn’t you realize that these few companies’ share prices had fallen below their IPO prices?” Feng Yu asked with a smile.
Kirilenko asked. “Are you requesting to delist them?”
“Of course. It can’t be that they are forced to be delisted, right?” Feng Yu rolled his eyes.
“You frighten me. Are those few companies not going to be listed in the future? Internet companies spent a lot of money.”
“They will be listed, but not in America. It will be in Hong Kong or Shanghai.”
Feng Yu planned to delist these few companies and buy back all the shares with a fixed price.
After that, Feng Yu will own most of these companies’ shares, and when he lists them in Hong Kong or Shanghai, he will reap the returns.
“Feng, we should celebrate. Let’s go for a drink now. I have bought a few new types of alcohol.”
Feng Yu was dragged away by Kirilenko. Brother Ki loves alcohol, especially hard liquor.