Chapter 515: Charity Dinner (1st Update)
A profit of $1.7 billion sounds like a lot, but compared to Zhang Chen's principal of $500 million, it is only a 340% profit.
You know, Michael Barry, John Paulson and others shorted subprime mortgages ten years later, but there were returns of 400 to 1,002 percent.
But in the battle of Goryeo, after all, there was only one month, Michael Barry, John Paulson and others shorted subprime mortgages, and it took nearly two years before and after, and Zhang Chen was already very satisfied with such a high profit in such a short period of time.
Through various channels, the $1.7 billion flowed into the three shell companies in Xiangjiang, Hengyuan Industrial, Suihuang Investment, and Xinghuo Technology, and Zhang Chen did not want to transfer the money to the United States. At present, TRX's own hematopoietic capacity is sufficient, not only does it not need to be listed for financing, but it even has enough profits to feed back the operation of Tinder.
At present, the capital-liability ratio of the United States is less than 50 percent, and the debt is only $1.3 billion, and even if you count the three funds controlled by Blanciffin, the total debt is only $2.2 billion.
If this data is disclosed, I am afraid that it will shock everyone in the capital market, and it is not uncommon in history for someone like Zhang Chen to quickly accumulate wealth, and it only took five years for Samsung to grow from a local company to a world-class company.
But all of these companies have one thing in common: the debt ratio is extremely high.
If you want to accumulate wealth quickly, you can only rely on borrowing chickens to lay eggs and expand the total amount of capital, and often at this stage, it is very common for the debt-to-capital ratio to exceed 1,000%. But it is almost unheard of for someone like Zhang Chen to become a world-class billionaire in a short period of time with such a low debt ratio.
"How was the last game, did you win?" Lee Eun-tae walked into the box and picked up the binoculars, "Don't blame me for not telling you, Yorkshire is in good shape today, if you want to win alone, you can place a bet on it." β
Zhang Chen stretched out his hand to beckon the waiter and handed over a hundred Hong Kong dollars: "No. 7, Yorkshire, thank you." β
Li Entai looked at Zhang Chen: "Why did you vote so little? It's good to bet a few more horses, and if you lose, it's mine." β
Zhang Chen smiled and shook his head: "I don't know horse racing, I just play with it." Yorkshire is your horse?"
Li Entai nodded: "I just trained in the UK this year, participated in a few Marseilles, and the results are not bad, but I may be an upset today." By the way, do you want to join the Club? The person we just met is the vice president of the Heung Kong Jockey Club, Xia Jiali, who has a good relationship with my family, and I can introduce him. β
Zhang Chen shook his head boredly: "Forget it, I'm not interested in horse racing, let's talk about it later." You didn't come to me today just to teach me the Book of Horses, right?"
Li Entai looked at the binoculars: "It's really nothing, the upper class is like this, betting on horses, playing ball, participating in a charity auction, participating in this kind of activity more, and friendship will naturally be there." Like my father, he still has to play ball and cards with Uncle Tong and Uncle Fourth every week, and when they get along well and have feelings, things in business are much easier. β
Zhang Chen laughed and said: "Business, if it is cooked, won't it become a familiar art?"
Li Entai put down the binoculars and turned his head: "You are looking at the meaning of the text in Chinese, but in English, the etymology of busness is busy, busy." The busy thing is busness. And since the day we were born, what day has we not been busy? busy studying, busy working, busy falling in love, busy surviving, busy dying, even watching horse races, all busy. β
"People call us busnessn, businessmen, and busy people, when we are busy, busness will naturally come, and if we are not busy, there will be no busness to do. β
Zhang Chen's heart moved, Li Entai looked low-key and wooden, and the outside world's impression of him has not been particularly distinct. As the son of the Li family, he seems to lack some courage and ambition. Especially compared to his domineering younger brother, he has almost no presence, and if it weren't for last year's kidnapping case that expanded his popularity, many local Hong Kong people would not know his name.
Even Zhang Chen, when he first came into contact, he inevitably despised him a little in his heart, thinking that he was not enough, but in this accidental verbal confrontation, Li Entai spoke sharply and reacted very quickly. Zhang Chen made another observation, but found that he had regained that low-key and wooden expression.
In the end, it is a child of a family who began to participate in the board of directors at the age of eight, even if the reputation of the outside world is not good, but Lee Eun-tae is definitely not as simple as what he shows.
Zhang Chen's face turned pale: "Li Sheng, I have been taught." β
Li Entai smiled honestly: "Don't be so polite, call me vctor." Look, here we go. β
Zhang Chen also picked up the binoculars, only to see that all the gates were opened at the same time, and more than ten horses rushed to the runway like arrows off the string.
The place he came today is Sha Tin Racecourse, which is the second racecourse in Heung Kong, which is bigger than the old racecourse in Happy Valley. This round was a 1400m dirt race, and Lee Eun-tae's Yorkshire was a little sluggish after leading a few hundred meters, and was gradually overtaken by the horses behind him.
Their box was on the top floor, and the huge voices of the audience could still be heard clearly, "eon!no.
t!" and so on.
Zhang Chen couldn't help but be infected by this atmosphere, his palms were a little sweaty, although he only invested 100 Hong Kong dollars to play, but he was still a little excited to see the explosive high-headed horses on the track being driven by a thin jockey, galloping towards the finish line.
A little more than a minute passed in a flash, and finally Lee Eun-tae's Yorkshire made a strong effort in the second half of the race, half a position ahead of the second place to take the first place.
"Yes!" Li Entai waved his fist happily, and the waiter in the box was already prepared, and with a snap, he opened a bottle of champagne frozen in ice.
"Congratulations to Li Sheng!" Zhang Chen was also a little happy and applauded, after all, he also bought Li Entai's Yorkshire Solo Win, which is a good lottery.
βthanksγ Lee Eun-tae picked up two glasses of champagne," Sante. β
Zhang Chen took the wine glass and gestured, "Sante." β
"Zack, tomorrow night, my father will hold a charity dinner at Mandarin Oriental, are you interested in attending?" Li Entai handed the empty wine glass to the waiter, turned to Zhang Chen and said.
Zhang Chen thought for a while and said with a smile: "Since it's busness, no matter how busy you are, you have to participate." β
Li Entai laughed: "Okay, I'll send someone to send you an invitation in the evening, but since it's a charity dinner, you have to be prepared for bleeding." β
Zhang Chen smiled: "I just won some money, and it's not bad to do charity." β
Li Entai shook his head and smiled: "It's not okay to donate only 1,000 and eight, this time it's for my father's Li Chaoren Foundation to donate to support higher education in China, how can you also be a billionaire of 10 billion Hong Kong dollars, if you don't have some blood, where is worthy of your identity." β
Zhang Chen smiled, he had no interest in doing charity. It is not that he is stingy, he always believes that true charity is not how much money to donate to the poor, but to improve the quality of life of all mankind by promoting the progress of science and technology and improving the basic quality of all mankind.
Instead of donating money to these unknown foundations, it is better to set up a few more scientific research institutions to develop controllable nuclear fusion first, so that mankind can completely get rid of the energy crisis, and strive to rush to the universe as soon as possible, to develop endless cosmic resources, so that all mankind can stay away from poverty and hunger.
This is the great good.
Zhang Chen wanted to say something, but his heart moved, and he couldn't help but roll his eyes when he thought of what Li Entai said just now about supporting domestic higher education, "Okay, since you Li Dashao have spoken, why don't I have to make some blood, just add three zeros after one thousand eight." β
Li Entai laughed: "Refreshing!" Baidu read the latest chapter of "Reborn Investment: King Jiezhong Literature" for free for the first time.