Chapter 258: The Richest Man in the World

Of course, this is just a plan that Li Xuan suddenly came up with, and before setting up an MPF investment fund, he must first establish the amount of salary increase this time. In fact, it is not appropriate to call it a salary, because it is not directly paid to the employee, but rather a benefit with certain preconditions.

Since the beginning of the Sino-British negotiations, the exchange rate of the Hong Kong dollar has begun to enter a depreciation channel, which will depreciate from the current 1 to 6.2 against the US dollar to 1 to 9.6 at the end of September next year. In the end, the Hong Kong government introduced a floating exchange rate, and only then did it stabilize the exchange rate against the US dollar at 1 to 7.8.

Hong Kong is a free port, many things are imported, and the depreciation of the currency has directly led to an increase in the cost of living for residents, and various companies can only raise salaries. Now, Dongfang Electronics Co., Ltd. can not only win a good reputation by taking action before other companies do not raise salaries, but also reduce the resistance of employees. After all, the actual income of everyone's hands has not decreased, and there is an additional future life security, why not!

Yang Lingjun was in charge of preparing the Oriental Guarantee Investment Fund on the one hand, while Li Xuan on the other side discussed the plan with other high-level executives. Since this is a plan proposed by the boss himself, others will naturally not jump out and block the financial path of all employees.

But how exactly should this matter be handled, and what percentage of salary increase should be set at the right rate, and should it only involve Hong Kong employees, or should it be extended to the entire multinational company? After all, countries such as Japan have a very complete social security system, and Oriental companies have been forced to pay various security benefits for their employees. And the mobility of employees in Silicon Valley in the United States is very large, if the conditions mentioned by Li Xuan are adopted, will they be accused of violating the law?

These problems need to be solved by the people below. Li Xuan as the boss. We are only responsible for the idea and the final acceptance of the result. It will be a few months before this guaranteed investment fund is actually operational. But the plan has just begun. There has been gossip in the entire group, which has made all employees love Li Xuan, the big boss who took the initiative to raise his salary.

In the past few days, there has been an incident that makes Li Xuan very happy: Time magazine in the United States has made an appointment for him to conduct an exclusive interview, and specially sent an interview team to Hong Kong to conduct a face-to-face interview. Soon after, Li Xuan's interview article will be published at the same time as it will appear on the cover of the current issue.

The people who can appear on the cover of Time magazine are all leaders of the times without exception, and this is the first time Li Xuan has won this award. For the first time, Time magazine introduced Chinese people on its cover. It is a bust of Wu Peifu published on September 8, 1924. At that time, Time magazine introduced him with the headline, "General Wu, the strongest man in China."

Afterwards. A series of Chinese faces appeared on the cover of Time magazine, but they were all prominent politicians. Before that, the last Chinese to appear on the cover was Deng Lao, the chief designer of reform and opening up.

When he visited the United States in 1979. Time magazine used the headline "Deng is coming." A comprehensive introduction to the red storm that this second-generation Chinese leader caused during his visit to the United States. And Li Xuan will be the first Chinese business face to appear on the cover of Time magazine.

Duncan is a very famous foreign correspondent for Time magazine, and has interviewed countless celebrities in his decades-long career, but today's interview is particularly interesting. Originally, the title he was going to conceive was "The Legend of Fortune from the East", but Li Xuan was obviously not willing to talk too much about his wealth story.

On the contrary, the two of them are interested in how the personal computer will change the whole world in the near future. A very meaningful idea was launched. In Li Xuan's description, the computer of the future will not exist in isolation. It will be connected into a super system, which is like a huge spider web, and the whole earth is webbed in it.

People can communicate in real time with friends who are thousands of miles away from the Internet in front of a computer screen. You don't have to go out to the mall and go directly to the computer to shop, you can also use the computer to browse the news, share your feelings, and everything can be done through the computer.

In fact, Duncan listened to the world decades later described by Li Xuan as a science fiction story. But Li Xuan's description was so specific that he fully saw what kind of divergent imagination the young man in front of him had. It is no wonder that the company under his leadership has been able to produce one product after another that is sought after by consumers all over the world.

The technicians love Orient's software and computers, and game fans love Orient's arcades, GameBoy, and FC. A person with unlimited creativity is always more likely to succeed. Li Xuan just briefly retold the era of information explosion that he had experienced in another life. Duncan, though he didn't believe it much, had already made up the reason for his success.

The young man in front of me who talks endlessly is first a technology inventor who has countless new ideas and is willing to experiment with them, and then a billionaire who has made countless dollars for the success of his products. Such a story outline is instantly full of positive energy, and there is a lot less copper smell.

Li Xuan intends to show the unique temperament of some engineering men, hoping to establish an image of an entrepreneur full of upward firepower in the eyes of this famous reporter of Time magazine. In fact, his strategy was so successful that it was not long before Time magazine published an interview with Duncan entitled "The Magical Oriental Fantasy".

But when Li Xuan appeared on the cover of Time magazine, another well-known magazine in the United States also chose him as the cover character, and accompanied him with the sentence "America's RichestMan" under his big profile picture. This sentence translates to "the richest man in the United States"!

In the September 1982 issue, Forbes magazine announced the Fortune 400 in the United States for the first time, and the first place on this list was Li Xuan. Well, in fact, Li Xuan is not an American, but in this world's first systematic and authoritative list of personal wealth in history, he has stolen the limelight from Americans!

Because the editors of Forbes magazine really can't ignore Li Xuan's existence. Some of Mr. Li's most famous fortune comes from his stake in Aikang, which is worth $2.25 billion for just 60 percent of the company.

If iKang is a company listed in London, England, it should not be included in the statistical range of the US wealth list. Then Dongfang Electronics has just completed an equity deal with IBM, which spent $300 million to acquire a 25% stake in Dongfang System Software.

Prior to the completion of this transaction, Dongfang Systems and Dongfang Applications, which were spun off by Dongfang Software Co., Ltd., each completed the replacement with 25% of the shares. In other words, IBM finally acquiesced to the original valuation of Oriental Software at $2.4 billion.

Even though the $300 million in cash after the equity transfer went into the account of Dongfang Technology Holdings, the remaining shares of the two Silicon Valley-based software companies held by Li Xuan were still worth as much as $2.1 billion. What's more, another American company under Li Xuan's name, Computer Park Company, has recently attracted the attention of countless investors after the news that it is preparing to go public. Most institutions believe that the valuation of computer park companies is at least $1 billion.

In other words, Li Xuan's main assets in the United States are worth more than $3 billion. In the list compiled by Forbes this time, the richest billionaire in addition to Li Xuan is the American shipping industry tycoon, Daniel K. Ludwig. The total value of his shipping, real estate, and overseas investments is $2 billion, which is less than Li Xuan's assets in the United States.

Therefore, after deliberation, the editors of Forbes magazine did not hesitate to put Li Xuan in the first place in the Fortune 400 in the United States. As for Li Xuan's status as a Hong Kong national, is he qualified to be selected as one of the Fortune 400 in the United States? Will it cause controversy among everyone? The magazine and editorial department are not worried at all, they wish that the debate would be more intense, so that the new list of the Fortune 400 in the United States, which Forbes magazine has made for the first time, will quickly become known to all Americans.

The wealth ranking of the United States is ranked first by a foreigner, which is indeed the face of the American people. But Li Xuan's wealth is really there, and the editors of Forbes magazine carefully listed all the assets in Li Xuan's name. The combined part of the United States and the United Kingdom is already as high as $4.35 billion.

In addition, Forbes magazine gave a conservative valuation of $1.6 billion for Oriental Games, and the value of Oriental Research is $500 million. Other companies such as Jiahua Bank, ATV Group, Oriental Trading, as well as Li Xuan's 9.5% stake in Standard Chartered Bank, and other stakes in Hong Kong electronics companies around the Oriental system, all of which are valued at $600 million. In this way, Li Xuan's assets in Hong Kong are at least $2.7 billion.

When all the assets are combined, Forbes magazine came up with a total personal wealth of $7 billion, far ahead of Daniel K. Ludwig's $2 billion.

As soon as the new issue of Forbes magazine hit the market, the whole United States was boiling. The United States is a commercial society, and most people do not worship politicians, do not worship scientists, and prefer entertainment stars and sports stars, preferring the dollar. And Li Xuan is undoubtedly the person who has the most dollars in this era.

Li Xuan's rise was so sudden that Forbes magazine had dug up his entire family history. There is no gray money and power trading, there is no huge inheritance, a student who graduated from middle school, relying on this summer part-time job, started from scratch in just three years, and gathered such a huge amount of wealth.

The September issue of Forbes magazine sold like crazy, and countless American readers wanted to know about the miraculous richest man in the East, and the cover of Time magazine undoubtedly added a timely fire. The entire United States in early September was occupied by a Chinese face. The craze quickly spread around the world, and the latest to echo it was undoubtedly London's Fleet Street.

They are no strangers to Li Xuan, and when Aikang Computer Company went public last year, there was a round of hype in British newspapers such as The Times and the Financial Times. But I didn't expect that just over a year later, Li Xuan's wealth had accumulated to a jaw-dropping level......!