Chapter 782: The Huge Jester Holding Group
Just like Jester had expected.
The GT Academy project that he suddenly threw out before the release of Dreambox 3 was indeed the subject of a heated discussion.
Both the players and the media alike are feeling a little crazy about this.
It's true, and they don't understand why Mars Entertainment suddenly connects video games to reality so much - can you play their games to become a professional race car driver?
Since you can become a professional racer by playing their racing games, is there a chance to become a professional Rambo in the future by playing their shooting games?
Of course, this is just a joke.
However, the reaction and discussion among players did become so lively that it surpassed Gran Turismo itself.
However, with this incident, the popularity of "Gran Turismo" suddenly soared, and in a short period of time, it became the second most popular game in the first game of Dreambox3 after "Hero", under the strong demand of many media, although Jester was not interviewed, and even three days before the release of Dreambox3, he was not at the company's headquarters in Los Angeles.
Instead, he went to the private island he bought in Australia, and the husband and wife, with their children, went to live a private life.
It is said that it is because during the period of Dreambox3 release, he was a little tired of being argued by various media, and not only the game media, after all, Jester has just become the head of Apple's board of directors ~ and, judging from his previous several large investments, Forbes's previous estimation of his property, I am afraid it is still not very accurate, it is said that at the end of this year, the new Forbes global rich list, Jester's ranking will jump significantly.
There is a good chance of being in the top 10.
became within the last few years. Bill. After Gates, the second billionaire under the age of 35 to enter the top 10.
But you know, there's a fundamental difference, Bill. Gates relied on Microsoft's stock price soaring after the release of the visual operating system, and Jester was not, of course, although Jester also has a part of Microsoft's shares, and now has almost a third of Apple's shares, but this is not enough for him to become the top 10 of the Forbes rich list.
But that's not all Jester has to offer. In Japan, country Z, South Korea, and Jester have a large amount of investment.
It is said that the offshore holding company controlled by Jester that holds shares with Samsung is Jester's private property, but because this holding company is completely private, there is no way to know how many shares Jester has in this company, but judging from the name of this company, this company has a lot to do with Jester.
Besides. The majority shareholder of the Travelers Group is also this Jester holding.
Now the Travelers Group has not given up on this idea after the failure of the merger with Morgan, and Citibank is said to be very interested in it, waiting for the Travelers Group and Citi to complete the merger. Then the position of Jester Holdings will naturally rise.
After all, according to Jester Holdings' stake in the Travelers Group, if they could really merge with Citigroup, then they would be able to take about 3 percent of Citibank's shares.
That's a huge number.
To know. This is Citibank, and for quite a long time, Citibank and the Rockefeller family. It's a symbol of the whole of America.
It is said that Jester Holdings is not only the two investments, their investment scope is very large, such as the hottest Internet technology companies now, they have invested a lot, the most famous is Yahoo, they are the first capital investors, and there are some entity investments, for example, they also invested in BHP Billiton and Rio Tinto, the two major mines about 7% each.
They are also said to be interested in a stake in Vale, one of the three largest mines.
However, Brazil takes this state-controlled company very seriously and does not accept any investment at all.
However, although the current ore industry is not depressed, it is not too prosperous, so many people regard this investment in Jester Holdings as an investment in the future, because although it is difficult to receive enough return on investment in a short period of time, the income of mine investment is stable, and it will definitely benefit in the future, just a matter of time.
Jester, however, scoffs at this analysis.
Now how can these people imagine that in the near future, the three major mines will play an important role in the process of the economic rise of a large country, and their investment in the three major mines seems to take 20 years, or even 30 years to receive sufficient returns, but in fact, it only takes ten years to make a lot of money.
Although the Brazilian side does not want anyone to invest in Vale, but Jester is not too worried, because Brazil's economy seems to be prosperous now, but it has already been in crisis, and in a few years, Brazil's economy will collapse completely, in Jester's memory, in 99 years, those state-owned enterprises in Brazil carried out privatization reforms, and Mitsui Group took this opportunity to get nearly one-third of Vale's shares, and more than half of the shares of the right to operate.
This gives them a head start on the pricing of iron ore.
It is important to know that the implementation of iron ore is a long-term futures contract, and the pricing of this contract is regional, which is not only to allow the mine to obtain sufficient stability and profits, but also to prevent steel mills in the same region from malicious competition.
Otherwise, this steel mill bought a batch of ore at a price of 100 yuan, and that steel mill used 80 yuan, so that the steel mill of 80 yuan could produce cheaper steel of the same quality, and the first steel mill could only sell it at a reduced price in order to be able to sell its own products, and could not recover the investment at all, so they could only go out of business.
After that, the mines were only able to get one order, but not the second.
That's why there's this regional pricing.
The pricing in East Asia is uniform, which is determined by the three major mines, so. After the expiration of each long-term contract, the steel mill needs to negotiate with the mining company, which is not qualified by any steel mill.
In fact, in the three East Asian countries, basically only one steel mill in one country is qualified to bargain, of course, you can also give up bargaining, but when the other steel mills and the three major mines end the bargaining, you can only accept this price, and have no bargaining power. The reason is simple, the three major mines are not afraid that you will not buy ore.
Because the maintenance cost of the mine is very low, after the mine is developed, the rest is mining, and how much to mine, for the mine, the investment is not worth mentioning at all, if you don't buy it, it's a big deal to continue to put it in that. Mines are permanent, not just decades of ownership, and the price of ore is a few years ago.
For mines, such losses they can afford. Because it can definitely be earned back in the future.
Therefore, the ore company does not compete for the gains and losses at all.
Because they can afford to wait, and they can afford to consume.
But for steel mills, this is a big problem. For example, first you get used to the ore from this source, and suddenly you change the ore. The entire production line has to be rectified, which is a big investment.
And, most importantly, there is no other country or company in the world that is qualified to provide enough and high quality iron ore like the three major mines.
That's why the pricing power is in the seller's hands, not the buyer's.
POSCO is the steel mill that South Korea is qualified to negotiate with the three major mines, Nippon Steel is the one who is Japan, and Baosteel is the one who is involved in the domestic bargaining.
The key to this is Nippon Steel, and the reason why iron ore can be so high in the future is also because of Nippon Steel, because Nippon Steel is also the industry of Mitsui Chaebol.
Moreover, raising the price of iron ore is also the meaning of the three major ores themselves, because they know that the country that is developing rapidly is a giant beast that is crazy to devour iron ore, and such an opportunity is a once-in-a-lifetime opportunity.
Jester also took a fancy to this.
In his opinion, although investing in mines is not as profitable as that of technology companies after going public, after the price of iron ore rises, this is a time of return for at least 30 years, or even 50 years, and the yield will be very terrifying.
No one in this world knows this better than Jester.
This is also the reason why Jester will be so interested in the investment in the mine during this time.
As for why Jester doesn't buy the mine and then develop it, it's very simple, the development of a mine, from the project to the ore can be produced, it takes at least ten years, the mine is not you can mine if you say mining, you need to build a special railway, you need to build a special wharf for transporting goods, these require more than a billion investment, at least ten years of construction.
Jester didn't want that trouble.
For him, he doesn't want to be a mining king, what he wants to do is just to use the future mining boom time to make a once-in-a-lifetime quick money.
Of course, although Jester wants to take Vale, but for the Mitsui chaebol that has been laying out the major mines since the seventies, Jester is still far behind, and he doesn't think he can snatch Vale from Mitsui's hands, in fact, even in ninety-nine years, no one can predict that the future mining will be so prosperous.
Otherwise, how could it be possible to take more than a third of Vale's shares with just over $3 billion?
Jester didn't want to compete with Mitsui for this kind of bayonet popularity, he just thought that it would be good to just sit on the fisherman's profits, watch others slaughter people, and eat some meat by the way while drinking soup on the side.
Of course, this is only a part of the investment of Jester over the years, Jester Holdings after ten years of growth, in fact, the scale is far more than that, it can be said that now he has gradually developed into a behemoth, in many financial publications, even some people often compare Jester Holdings with Temasek Holdings, which was established by the Singapore state.
You know, Temasek is known as the capital monster, and its total capital value is equivalent to 10% of the entire GDP of Singapore!
This shows the strength of Jester Holding Group.
Of course, Temasek controls the lifeblood of an entire sovereign country's financial business methods, patent strategies, and after decades of accumulation, its heritage is far from being comparable to that of Jester, a holding company that has only been around for 10 years.
Anyway, it's about GT Academy.
Although the reporter had no way to interview Jester, there was nowhere to run for Yamauchi Kazunori, although Yamauchi Kazunori was in Japan, but Japan's media industry was also developed, plus the big American media had offices in Japan, and, as a game media, in this era, there was no Japanese site, which was inevitably too unprofessional.
Because Jester had said before that the matter of "GT Academy" was made after he discussed it with Kazunori Yamauchi, and Japanese car manufacturers were also contacted by Kazunori Yamauchi.
Moreover, some Japanese car manufacturers are also very interested in the GT Academy program of Mars Entertainment, but the talks between European and American manufacturers are not very smooth, Jester personally went out and found a lot of contacts, but only talked about an American General Motors, and during this time, American cars were not very prosperous, and General Motors did not have any professional fleet.
Basically, the top fleets are those of the old car factories in Europe.
Japanese people are all small-character people.
However, the old European factories don't give Jester face, and Jester has no choice, but fortunately, the Japanese car factories are still very face-giving, otherwise, the GT Academy plan will not be possible.
Kazunori Yamauchi is not as big a name as Jester, and in the face of such a multimedia blockage, he can't ignore it, so he still leaked a lot of information about the GT Academy.
However, it can be seen from the state of the interview that Kazunori Yamauchi is not too disgusted with this kind of interview.
"To be honest, my dream is to become a professional racing driver, but I also know that I can compete in some low-level events, but I can't compete in real professional events, but in my opinion, it's all about getting involved, and I've decided to participate in next year's Qatar Rally......"
Kazunori Yamauchi first casually said a little about his ideas and plans, but the reporters were not interested in them.
He himself knows this, so he just clicks on it.
Then, he continued to talk about the GT Academy: "This time the GT Academy, Mr. Li has already said a lot before, and I can't say much, but I can reveal a little, for example, the selection mechanism of the GT Academy......"
Hearing Kazunori Yamauchi talk about this, the eyes of the reporters present instantly lit up.
They are indeed very interested in the selection mechanism of the GT Academy, and even one of the things they are most interested in. (To be continued......)