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 1311 – If you are not interested, I will do it
Feng Yu does not know and doesn’t want to know what China will do, as he is not interested in this business.
Feng Yu is not interested, but that does not mean others are not interested.
“Feng, I heard a Senator had come to look for you and was searched thoroughly by your bodyguards,” Kirilenko asked excitedly.
“That’s right. I wanted to teach him a lesson.” Feng Yu replied.
Kirilenko laughed. “That’s right. We must teach these people a lesson! He thinks he is someone important just because he is a Senator?! Maybe we cannot bring down his family, but we can easily let his family replace him. Most families do not have only one successor.”
“Alright. Let’s not talk about that clown. Amazon is going to be listed, and have they talk to you about private placement?” Feng Yu asked.
“Yes. I will buy regardless of the price. I know Amazon’s shares will surely shoot up like a rocket without you telling me.”
Feng Yu is curious. Kirilenko is a noob in finance, and how can he be so sure?
“Why are you so sure? If Amazon’s share prices did not shoot up, and your returns are not as much as your investments in gold, you will lose a lot.” Feng Yu asked.
“Hahaha… Feng, are you belittling me? I don’t know about others, but my team told me that Amazon’s users had increased a lot and had started making profits two years ago. At that time, eBay is still losing money. Moreover, you are this company’s major shareholder. Do you think the share prices will fall? We can also pull up the share prices. Most importantly, I trust you, and I know you will never let me down.”
Feng Yu laughed. “That’s right. Amazon requires the fund to continue its expansion and needs to be a listed company to increase its influence. A company that is worth a few billion USD might not be noticeable. But if they are worth over a hundred billion USD, their sales will also increase.”
The bigger a company, the more it can attract customers. This is because most people will think bigger companies are more stable. For example, suppose a big developer develops two houses with the same size, designs, at the same location, and prices. Still, one of them is developed by a small company. In that case, most people will pick the one built by the big developer.
The more well-known a company is, the more customers it can attract.
Now, Amazon has reached the stage where they need to expand quickly, and they needed funds. The easiest way to raise funds is to get listed. Anyway, Feng Yu is holding on to most voting shares and still has control over the company. After the company is listed for a while, Feng Yu can also liquidate some of his non-voting shares.
It’s just like that time when Softbank invested in Yahoo. They used 100 million to buy a third of its shares and sold 2% for 400 million USD later. The rest are all profits.
Feng Yu will also do the same to recover his investments by selling some of his non-voting shares.
Most importantly, Feng Yu knew the US stock markets’ down period ended, and some large institutions started to acquire shares now. When Amazon gets listed now, it will catch on to the wave, and share prices will continue to rise.
Whether Feng Yu decided to sell or hold his shares, he will still profit from it.
After Amazon got listed, Feng Yu’s assets will still be much more than Bill Gates even if Microsoft’s share prices recovered. Bill Gates will be behind him forever!
Another advantage of Amazon getting listed and the stock market recovery is that Feng Yu’s Chinese internet companies will be listed in Hong Kong next year. They can raise more funds.
It’s not easy for a delisted company to raise funds by getting listed again. But it will be different if the investors felt tech stocks would rise again.
Why did Feng Yu pick Hong Kong? It is safer, and he can react quickly if anyone tries to manipulate these companies’ shares.
“Alright. I must admit that your analysis is right, and I think you will move up a few spots next year.”
Just eBay’s shares can increase Kirilenko’s net worth by a lot, and that does not include his investments in gold and gold futures. The Polar Bear Mineral Company’s value is increasing.
“Feng, will my net worth exceed Bill Gates in the future?”
“I believe you will surely exceed him!”
With Kirilenko’s eBay shares, his net worth will increase by a lot. During the 2008 financial crisis, they can stir up a storm in the US financial markets and profit from it. His net worth can easily exceed Bill Gates to Become World’s Second Richest man.
Yes. He can only become second and can never exceed Feng Yu.
Kirilenko laughed. “Hahaha… The US Richest Man will be a Chinese and a Russian! Oh, I heard you had invested in a Minsheng bank in China. Can I also invest?”
Feng Yu shook his head. “Sorry, Brother Ki. You cannot invest in this bank. A few Chinese businessmen and I set this up, but we can work together with you.”
“It’s fine. I will invest in other banks. I only felt that it is safer to invest in your bank.” Kirilenko replied. He has researched about Minsheng bank, and it is not making money yet. They are not doing as well as other Chinese banks and the leading international banks.
Kirilenko and Feng Yu had dinner together and started talking about Sanders again.
“Sanders wants to do firearms business with me, but I am not interested. What is he thinking? Why did he come to me to talk about this business? I can easily make money from other businesses. Why should I get involved in this risky industry?” Feng Yu laughed.
Kirilenko is stunned. “Feng, what business did Sanders want to do with you?! Firearms?!”
“Yes. He says he is very close with the Colt family and wants to buy some ammunition and other perishable equipment. But I am lazy to verify his claims.”
“You are not interested in this business? The profits are very high.”
“How high can it be? You will know the returns from the financial market is much higher once Amazon is listed.”
“Feng, are you not interested in this business?” Kirilenko asked again.
“No. What’s wrong?”
“Feng, you are not interested, but I am!” Kirilenko replied seriously.
It’s been a while since Feng Yu saw Kirilenko so seriously. But the profits from this business are not attractive, and the risks are too high. It’s not worth it.
“Brother Ki, have you considered this properly? The profits might seem to be high, but it is nothing compared to the returns from the financial markets.”
“Feng, there are reasons why I must do this business. I want to contact Sanders tomorrow.”
Is it because of Kirilenko’s family? Feng Yu does not know the reason, but he didn’t ask.
“Go ahead, but I suggest you better get someone to represent you and don’t let yourself get involve too deep.”