Chapter 155: On the List (2/4)
The Seoul Olympics have just ended.
The U.S. media is proud that South Korea has learned from the Los Angeles Olympics, but it is still in a state of huge losses, investing more than $3 billion and finally losing all its money.
The cultural atmosphere is different, they don't know what it means to "die to save face", in the eyes of Americans, profit is the most important thing, and the sincerity shown by South Korea's huge investment has not been accepted by the world media.
Last year, in 1987, the United States was again affected by a stock market crash.
In just a few hours, the Dow Jones index fell by 22.6 percent, causing $500 billion of wealth to evaporate.
This turmoil came and went quickly, and in less than a year, the economy miraculously recovered slowly.
In the past two years, Japan has been very proud, and even clamored to buy the entire United States, and some real estate developers said that for every third house developed, one will be sold to the Japanese.
"Buying the United States" is not just talking, they are frantically coming to the United States to sweep houses, companies, stocks, wrapped in hundreds of billions of dollars, wantonly sweeping in the United States, and even Sumu's company has Japanese investors.
Japan's arrogance has aroused the disgust of many Americans, and most of the first thought that comes to the minds of Americans when they hear about the identity of the Japanese is "having money."
Unlike Japan, the Soviet Union, which had been in the Cold War with the United States for several decades, seems to have gone downhill all of a sudden since it rammed a US warship in February this year.
The media said all day long that the Soviet Union was much inferior to the United States in terms of economic aggregate, and that the Soviet Union had only used its limited wealth in military and diplomatic matters in large quantities to make it appear that it could compete with the United States.
I have to say, there is indeed some truth......
……
In September of this year, Yale University added a vice president of the student union who is Chinese.
The president of the student council invited him many times before he agreed to take over the position of vice president, and if it were other Chinese, most of Yale's arrogant students would not buy it, but this time it was different, they were convinced by the suppression of a group of dazzling titles.
It took a year and a half to complete two courses in economics and psychology to get a double bachelor's degree, and then another year to study for a double master's degree and am about to graduate from Yale University.
There is no shortage of geniuses at Yale University, and there are many students who can do this, but that guy is a billionaire, starting a business at the age of 16, becoming a multimillionaire at the age of 17, and having a net worth of more than $100 million at the age of 18.
This year, the supermarket chain called "BuyFun" received $48 million in financing from a Japanese company at a valuation of $300 million!
In addition, all the computers at Yale University were privately donated by the vice president of the student union, and when the computers were turned on, they could be seen with a fat penguin on them......
That's right, Su Mu gave up Stanford in 1985 and finally chose Yale University in New Haven, Connecticut.
Spending most of his time away from school, sometimes in Menlo Park, sometimes in Los Angeles, and occasionally on vacation in New York, the joy of being a billionaire is unimaginable that college is just a spice to pass the time when he is bored, and Sumu rarely stays in school.
In the beginning, he could calculate the wealth he had, but after three years, he no longer knew how much money he had.
Recently, Qugou Supermarket, which has 76 stores, successfully raised US$48 million and closed at a valuation of US$300 million, and after several rounds of financing, Su Mu currently holds 59% of the shares of Qucugo Supermarket, so his net worth must be more than US$500 million.
This is the sum of all the wealth, including the shares of Qugou, Penguin and Spider, as well as Su Mu's own 2.1 million shares of Microsoft.
He went to Seattle in June 1985.
Su Mu did not meet Bill Gates, and he politely declined on the phone, saying that he was not interested in the program, so Spider Software Technology went on its own, and a few months later it was released in time for the Indos operating system, becoming the first email address to adapt to the new system.
Today, the number of registered users has exceeded 300,000, and even if Microsoft develops its own email, it can't do Spider Software Technology Company, and about one out of every four Internet users uses Spider Email.
Now the spider software technology company is still in a state of loss, and can only make money by placing a small number of advertisements, with a valuation of up to 80 million US dollars, and the funds in hand are sufficient, and there is no idea of financing or going public for the time being, so Su Mu does not know how much it is worth.
After all, valuation is just valuation, and recently Internet concept stocks have become popular, and those Microsoft shares he holds are worth about $70 million.
Because he knew that investing in Microsoft would make money, he had been using his funds to acquire Microsoft shares since the day Microsoft went public in 1986, during which after a spin-off, the cost was only about $20 million, making a lot of money, accounting for 5.4 percent of the total share capital, and he did not plan to sell it.
Penguin, which has been making computers since the previous year, now occupies about 3 percent of the market share, with about 16,000 units sold a month and valued at more than $150 million, thanks to the number of dealers it knows and the tens of millions of dollars spent on advertising.
Su Mu occupies 80 percent of the total share capital, Li Ping'an is still 10 percent, and Blake also borrowed money to get 5 percent of the option shares, and the other part of the shares were distributed to the company's management as a reward.
With more than 400,000 email users, the valuation of Spider Software is as high as $80 million, and investors believe that Internet companies will be able to make money for themselves in the future.
There are more than 6,000 start-up companies in Silicon Valley, and Su Mu has also used funds to invest in several Internet companies that have begun to take shape, including Oracle, Sun Microelectronics, etc., which have been listed.
For more than three years, Su Mu has been concentrating on expanding his existing company, not blindly, and at this moment he absentmindedly threw the ballot box with the name of Yale alumnus "George Bush" ticked in front of it.
Holding Motorola's new mobile phone in his hand, he said to James on the other end of the phone: "No, no, no, I want users to communicate with each other in real time on the computer, I send you a message, you can receive it immediately, and reply to me! Not an e-mail!"
“…… Headache, wait for me, I'll book a plane back to Silicon Valley now, and we'll talk about it then. ”
Su Mu was so involved that he didn't see the girl next to him throwing flattering eyes, and even if he did, most of them wouldn't care.
The poor boy who lived in Chinatown and carried a torn schoolbag to and from school all day can now write his name on the Forbes rich list......