Last year, with assets of more than US$2 billion, he was named the tenth richest person in Hong Kong.

This year's NB Electric's profit far exceeds that of last year, in addition to the sudden emergence of BNB News Network, there are also NB electronics, NB medical and NB electrical appliances three "cash cows". In particular, NB Electric's inconspicuous high-voltage insulators have swept the domestic and foreign markets with the mechanical and insulation characteristics of porcelain high-voltage insulating materials, and have completed sales of more than 16 billion Hong Kong dollars since its listing.

The Institute of Electrical and Electronics Engineers (IEEE) has even developed a new set of international standards for this purpose, giving NB Electric the first real core standard patent.

Counting the benefits brought by the profit growth of NB Bank, Chen Zhenghuai suddenly found that the net worth of the person in front of him was likely to double that of last year, and he couldn't help but smile: "San'er, if you are ranked on the billionaire list at the end of the year, won't you be able to enter the top five?" ”

Assets are really difficult to calculate, if you include pound speculation, it is possible to enter the top three of Hong Kong's rich list.

People are afraid of being famous, pigs are afraid of being strong, and the charter doesn't want to be the target of attention from both good and bad people like Mr. Li, shaking his head and laughing: "Uncle Chen, the richest man in the United States once said that when you have 100 million US dollars, you understand that money is just a symbol, and it is meaningless." We also have a saying in China that 'the family has a lot of money, three meals, and a bed in a thousand mansions', so it's really nothing if the ranking is not ranked.

For the sake of the family, for the sake of the children, for the sake of the company, and for the sake of the laboratory, I am ready to withdraw from the list, and I am waiting for Mr. Rong to determine the final plan with legal professionals in China, the United States, Germany, Saudi Arabia and Russia. ”

That list is what you want to retreat, Chen Zhenghuai was confused: "What do you mean?" ”

"Xia Yao, it's better for you to explain to Uncle Chen."

It was a joint decision between the two. See him give up the opportunity to himself. Xia Yao smiled knowingly: "Uncle Chen." Sister Pauling, the United States advocates individual struggle to win the world, and many American entrepreneurs who have succeeded through hard work do not believe that wealth can be passed on from generation to generation, and we think it makes sense.

Because money often does not bring happiness to children, but can cause harm to children. We don't want them to grow up in piles of money, eat and drink all their lives, be carefree, and eventually develop the bad habit of spending money and living freely. So while they're young. Before they were born, donate all the money so that they can live in a normal environment. ”

With the development of NB Electrician and NB Electronics, and with the profits of Dingjia Assets in Hang Seng Index futures and pound sterling speculation, Chen Baolin has now become a veritable billionaire, but the unit of calculation is RMB instead of US dollars.

She agrees with the saying that more money becomes a string of numbers.

However, the identity is agreed, but I can't understand the approach of the little couple in front of me, and I can't help blurting out: "So much money is said to be donated, are you confused?" ”

"I'm not confused. We are sober. ”

Xia Yao glanced at her husband and patiently explained, "There are several reasons for this. First of all, after the company's major adjustment, the management should be responsible for all shareholders, and can no longer directly smash profits into the laboratory as before, at least not let other shareholders bear donations other than entrusted R&D projects;

Then the company's business is all over the world, and there are more and more fixed assets in China, Germany, the United States, the Middle East and Russia, and sooner or later it will face a problem of inheritance. Developed countries such as Germany and the United States have to levy more than 50% inheritance tax, and instead of being half collected by governments at that time, it is better to donate it to gain a good reputation, settle down for psychological comfort, and have an arrangement for future generations;

In the end, it is easy to make a big splash if there is too much money, we don't want to settle abroad in the future, let alone become Shen Wansan. ”

Looking at Chen Zhenghuai's incredulous look, the charter added with a smile: "More importantly, the United States inherits the rule of taxation before inheritance, and the heir must pay cash taxes before inheriting the estate. In other words, if the children can't come up with enough money to pay taxes in the future, then our assets in the United States will be cheaper than the U.S. government.

Really, there was a president of the United States who died and left behind a villa by the mountains and the sea, but his children could not raise the tax money, and the house ended up being taken into public ownership, and the list goes on, and we can't cash out all the assets in the United States and come back to Hong Kong, unless the company doesn't plan to do business in the United States in the future. ”

Hundreds of millions of dollars will be donated, Chen Zhenghuai couldn't understand it, and couldn't help but remind: "San'er, is it easy for you to make some money, you still have to think about such a big thing." Besides, you're too young to think about those issues so early. ”

"There are some issues that can't be delayed."

The charter smiled: "Uncle Chen, don't you know how high the personal income tax in the United States is now, for every $100 earned by a person like me, 44 dollars must be handed over to the U.S. government." For every $3 donated, the U.S. government will reduce taxes by $1 or more, as well as exempt from real estate taxes.

What's more, donating money is just the beginning of a charitable act, and I can participate in the management of the money through a series of means, so that my family members can continue to control the use of their wealth in the future. A charitable fund for this purpose is equivalent to the establishment of a commercial company, albeit a non-profit organization. However, like a company, you can also do business, and you can use the income from operations as the value-added part of the fund, and you can use part of it for various expenses. ”

Chen Zhenghuai seemed to understand and asked: "Is it equivalent to putting money from the left pocket to the right pocket?" ”

"I can think of it this way, because after the establishment of my foundation in the United States, the funds will be entrusted to 'Diamond Capital' for financial management, and to serve the company and the laboratory. However, the ultimate use of the funds is charity, and me, Xia Yao, and the children, including Qingqing, can obtain stable cash income through charitable annuities and charitable balance trust funds in the future. ”

Chen Baolin pondered for a moment, and suddenly asked: "Donate the money to the foundation you set up first, and then entrust the 'Diamond Capital' to manage the finances, and then lend it to the company for operation, and part of the funds will be used for value-added." A portion of the funds is used for charity. A small portion of the money to pay your whole family's salary? ”

"Almost. That's what it means. ”

The charter probe glanced at Xiao Zhangqing and Magdalena's son Auguste, who were "working" in Mrs. Zuo's shop, and said with a smug smile: "In the future, like Warren Buffett, I will let children participate in charity programs, teach children how to manage wealth through charity activities, and instill in them the value of generosity."

It can not only avoid taxes, but also win fame, and can also ensure that children have no worries about food and clothing for a lifetime, and can also be restrained by the foundation. Why not do it to prevent children from spending their days drinking and cultivating them through the Foundation's philanthropic work, so that they can become people with high morals, civilized manners, and status? ”

Children will have the ability to start their own business in the future, or do what they like, no matter how bad they are, they can participate in charity, be respected, and will not be easy to work hard, Xia Yao is very supportive of this way of dealing with wealth. After taking a sip of soy milk, he smiled: "Carnegie once said that he died with a huge wealth." It's a shame! Both Warren Buffett and Gates believe in the educational principle of 'no matter how rich you are, you can't enrich your children', and would rather donate money to society than give more money to your children to squander.

Foreigners can, why can't? Children and grandchildren have their own children and grandchildren, so we thought about setting up a foundation by ourselves and asking professionals to take care of those personal assets. ”

It's too avant-garde, and Chen Zhenghuai will be a little difficult to accept for a while.

Chen Baolin thought that this was not a good idea for the sake of future generations, and after thinking about it, she asked in a low voice, "Then how does your foundation work?" ”

"I donate all my personal shares in the company to set up an 'NB Science and Education Foundation', with 60% of the equity proceeds donated to the Hong Kong NB Laboratory, 20% as an education fund to universities, secondary schools and primary schools around the world as appropriate, 15% as a bursary to support those children who cannot afford to go to school, and the remaining 5% as the foundation's normal expenses, annuities and balance trust funds."

On the surface, it seems that all of it was donated, but in fact it is no different from now, because before he earned it, he either smashed it into the NB laboratory, or donated it to colleges and universities at home and abroad. At the very least, they set aside 5% of the company's equity earnings for themselves and their children.

Putting money as money, Chen Baolin didn't know what to say about him, so he simply turned around and asked, "Xia Yao, what about yours?" ”

"I don't need to re-set up, as for the current NB Charity Foundation, the source of funds is his shares in Xinsheng and Diamond, and other financial institutions can also be entrusted according to the situation in the future. We will use 20% of the annual proceeds as a donation to improve the medical conditions of developing and underdeveloped countries such as Asia, Africa and Latin America, and if necessary, to provide financial support to refugees caused by wars and natural disasters. ”

Xia Yao paused, and then said: "The Charity Foundation also has a charitable annuity and a balance trust fund, we don't donate it all at once, but a trickle, there are so many charitable annuities and balance trust funds, I think it's no problem to manage the three or five generations." ”

Chen Baolin asked again: "How much money will that child get every year in the future?" ”

"There should be more than 100,000 US dollars, mainly depending on the global economic environment, and the specific amount will refer to the living standards of the American middle class. But if they really get mixed up with the pension to get by, it shows that our family education has failed too much. ”

More than 100,000 dollars, it's really not a little bit of a pick for children.

Chen Zhenghuai was completely convinced, and after thinking for a while, he asked worriedly: "Xia Yao, what if the children are sick and in trouble in the future?" ”

Xia Yao took her husband's hand and said with a smile: "If you work at the foundation, then the foundation will provide them with full medical insurance." From the bottom of my heart, I don't want them to degenerate to the point of working for the Foundation, we will cultivate their ability to live independently from an early age, such as letting Qingqing go to Mrs. Zuo's shop to help. ”

"Who will the house on Victoria Peak in Hong Kong be given to in the future?"

Without waiting for Xia Yao to speak, the charter said without hesitation: "Donate, no one will give it, don't leave them any illusions, don't leave them even a little chance to work hard." ”

The person in front of him is doing what he says, Chen Zhenghuai sighed with emotion: "As soon as this news is announced, Hong Kong should be lively again." ”

Billions of dollars in assets are all donated away, and it is bound to cause a sensation. The charter smiled and said lightly: "The laboratory has not had any heavyweight achievements this year, and the citizens have some opinions about the laboratory being so luxurious, and after this news is announced, it should be able to eliminate a lot of noise." ”

Chen Baolin was not so optimistic, stared at his eyes, and said with a serious face: "San'er, it doesn't matter how much sister you donate, the key is what the company will do after donating?" ”

"You mean who is in charge of my equity?"

"Hmm."

"Isn't it very clear that the NB Science and Education Foundation has the final say, and as long as I'm alive, the foundation has to have the final say, so I don't need to worry about these issues at all. What's more, I don't plan to take care of the company's affairs anymore, only by leaving it alone can I have the vitality of self-development and self-correction. ”

"After so many years of tossing, I really don't know what you're trying to do."

"Diagram Lab," he asked, gesturing to a few researchers walking outside the shop, and with a meaningful smile, "Pauline, don't you feel a sense of accomplishment when you watch the scientists walk around the door every day?" (To be continued......)