Chapter 366: Riding the Dust

Simon got the data of the 1990 American 400 rich list the day before the new issue of Forbes magazine was released on September 2.

The next day, on Monday, September 3, when the new issue of Forbes magazine was officially launched, a large number of mainstream media in North America that have been closely following the new Forbes rich list published relevant reports almost simultaneously.

$21 billion!

This is the figure of Simon's personal net worth published on Forbes magazine's 1990 Forbes 400 list.

First place without suspense.

Moreover, Simon has also become the first super-rich person on the American 400 list to have a personal net worth of more than $10 billion, and Sam Walton, who was expected to win this title, has already distributed his shares in Walmart to his children.

In addition to Simon, the second place on this year's list is still John Kruger, the runner-up on last year's list, but the personal net worth figure has dropped directly to $5.6 billion, which is a huge difference from Simon.

Further back.

Third place, Warren Buffett, $3.3 billion.

Fourth place, Ronald Perelman, $2.87 billion.

Fifth place, Henry Hillman, $2.65 billion.

Outside of the top five, the sixth to ninth places, sisters Barbara Cox-Anthony and Anne Cox-Chambers and brothers Samuel Newhouse and Donald Newhouse, are tied for $2.6 billion.

From 10th to 17th, there is also a long juxtaposition, namely Sam Walton and his four children who control the Walton Group, the two Pritzker brothers who control the famous Hyatt Hotels Group, and Bill Gates, the founder of Microsoft Corporation, all with a fortune of $2.5 billion.

Affected by the economic recession caused by the U.S. debt crisis, the terms on this year's list have changed very much, and the assets of many wealthy people have shrunk significantly, and Sam Lei Shidong, Ted Alison, and Ross Perrault, who ranked at the top last year, fell directly out of the top ten on the list.

The recession has caused a sharp decline in the net worth of the rich, which should have been a big focus on this year's list, however, when the new list was released, almost all the media attention was attracted by a name that stood out on the list.

Simon's $21 billion personal net worth figure has more than tripled from $6 billion last year.

However, after Forbes magazine's detailed listing and analysis of Simon's personal assets, the $21 billion personal net worth has caused much less controversy than last year.

Among the series of assets under Simon's name, the most interesting this year should be the large amount of money he has earned continuously through Cersei Capital in the Japanese financial market and the crude oil futures market.

After the operation of the crude oil futures market in the first half of the year, Forbes magazine predicts that Simon's overseas cash assets should be around $8 billion, which alone exceeds Simon's personal net worth of $6 billion last year.

Subsequently, Forbes magazine gave an estimated figure of 8 billion to 10 billion US dollars in Daenerys Entertainment assets.

According to Forbes magazine, in order to avoid the controversy caused by last year's valuation, Forbes invited multiple Wall Street financial and accounting teams to participate in the valuation this time, and finally arrived at a valuation range of 8 billion to 10 billion US dollars.

Is Daenerys Entertainment worth that much?

In response to this doubt, Forbes magazine gave a report on Daenerys Entertainment's financial report for Daenerys Entertainment in the first half of 1990, with a net profit after tax of $573 million in two quarters, surpassing any of the seven Hollywood companies.

Moreover, with the follow-up videotapes, television, derivatives and other channels of its super-grossing films, as long as there are no unexpected huge losses, Daenerys Entertainment is enough to ensure that it will maintain a net profit of $1 billion for the next two to three years.

Compared with the list of the top 400 companies in the United States in the first half of Fortune magazine, in the previous fiscal year, among the companies with a net profit of $1 billion, Boeing, which has the lowest market capitalization, has recently reached $15.6 billion, and the other two daily necessities giants with net profits of $1 billion have a market value of $21.8 billion and the other $18.6 billion.

Therefore, in terms of profit scale, Daenerys Entertainment's valuation of $8 billion to $10 billion is definitely very low.

At the same time, Daenerys Entertainment's three film labels with a large number of blockbuster projects, Daenerys Television Company, Blockbuster's 35% stake, Blizzard Studios, EA's 35% stake, potential gold-mining Marvel Entertainment and DC Cinematic Universe rights, etc., these real assets are enough to support Daenerys Entertainment's huge valuation.

It can be seen that just the cash held by Simon's personal name and Daenerys Entertainment are close to Simon's personal net worth figures given by Forbes magazine after they are added.

In addition, Westeros has a large number of listed and unlisted assets under its name.

There were still 19 shares of publicly traded technology companies bought during the 1987 stock market crash, with a total market capitalization of more than $26 billion.

Among them, Microsoft and Intel, which are heavily invested in Westeros, have a current market capitalization of $6.3 billion and $7.6 billion respectively, and only 20% and 15% of the shares of these two companies have brought Simon a fortune of more than $2.5 billion.

Other companies such as SUN, Oracle, AMD, Silicon Map, Adobe, Autodesk, etc., Westeros also held shares worth about $1 billion.

Combined, the 19 publicly traded technology companies have brought a combined $3.5 billion personal wealth to Simon.

The non-listed Cisco, AOL, Igret, etc., as well as the overseas Nokia and non-technology company Melisandre, even if you only count the holdings of Westeros, the total value of these assets is between $1.5 billion and $2 billion.

In addition, among Simon's personal assets, there will be another Cersei Capital this year.

This large private equity fund, which officially set up its headquarters in New York at the beginning of this year, has only operated twice in a row in the Japanese financial market and the crude oil futures market, which is enough to impress the industry. No matter how conservative it is, it will not be worth less than $1 billion.

Finally, add to the large number of real estate and land assets in Simon Westeros's name, which are also valued at about $500 million.

All of this adds up, minus the less than $1.5 billion in liabilities of the entire Westeros system, and Simon's personal assets are roughly between $21 billion and $23.5 billion. Forbes magazine only takes the lowest value of this valuation range, $21 billion, so it is still conservative.

However, even this conservative figure of $21 billion has created a series of unprecedented times.

Not only is he the first super-rich person in the United States to have a personal net worth of more than $10 billion, Simon is also destined to surpass Japan's real estate tycoon Yoshiaki Tsutsumi to become the richest man in the world.

The general public can only envy and praise Simon's personal net worth figures on the Forbes list, or fantasize about what the $21 billion means, but the U.S. capital market has made a very direct response after the release of the Forbes list.

Listed companies linked to the Westeros system, whether it is technology stocks such as Microsoft and Intel, or other industries such as Blockbuster or EA, all saw significant stock price gains in the following week.

The 'Westeros Combination' of the year was also frequently advanced by the media again at this time.

Then, apparently to ride the Forbes list of Simon's personal assets to a new high, Oracle was obviously in a hurry to report the previous quarter's financial report on September 6. In the June-August quarter of 1990, Oracle reported revenues of $207 million and losses of $36 million.

In the quarterly earnings report, Oracle also admitted very frankly that the aggressive expansion style and wrong sales strategy adopted in the past two years were the main reasons for this loss, and said that it would make significant changes to the company, and several executives in charge of Oracle's sales business will leave subsequently, and will also carry out a large-scale layoff of about 400 people to reduce the company's operating costs.

Not only that, in the handwritten letter of Larry Ellison attached to the financial report, he confidently stated that everything was under control of the company, and specifically pointed out the previous increase in Oracle's holdings by Westeros.

If it weren't for Westeros' increased holdings, the huge loss of $36 million in a single quarter, and the company's business strategy mistakes that Oracle finally admitted at this time, it would definitely make countless angry shareholders want to rub Larry Ellison to the ground.

However, this time, after Oracle's quarterly earnings report was released on Thursday, September 6, the following Thursday and Friday days, Oracle's stock price did not plummet as Wall Street analysts expected, although it also did not rise sharply, but the daily trading volume was 80% lower than before the quarterly earnings release, and it is clear that many shareholders are no longer rashly selling Oracle shares, but are starting to wait and see.

Some Oracle shareholders who can connect with the Westeros system are also trying to find out what Simon's attitude towards Oracle is.

The following weekend, Oracle made another announcement that Carol Butz, president of Westeros, would join Oracle's board of directors, in addition to Westeros President James Raybould. Westeros later issued a formal statement supporting Oracle's current chairman and CEO, Larry Ellison, to continue to manage the company, while Westeros will continue to hold Oracle shares for the long term.

Westeros' official statement has temporarily calmed shareholders who have lost patience with the current management because of the 70% drop in Oracle's stock over the past year, and some shareholders, even if they are still unhappy with Larry Ellison, understand that the combination of Westeros and Larry Ellison is unlikely that other shareholders will want to remove the current management.

However, the voices of the opposite are not without it.

The Wall Street Journal argued that Simon's continued increase in Oracle stock and the backing up of the current management, which had made serious business mistakes, was foolish. If Westeros had sold its shares at the peak of Oracle's stock price last year, Simon could have made a return of more than 500% compared to the initial one.

And, even if you still want to hold the company, it is necessary to replace the current management.

The Wall Street Journal also cites Apple as an example.

After ousting founder Steve Jobs, who had suffered huge losses from the unrealistic Macintosh project, Apple's revenue and profits have continued to increase in recent years, and even though the federal stock market has fallen across the board due to the recent war, Apple's market value has exceeded $6 billion.

Simon can roughly understand that the purpose of this article is not so simple.

Rumors of problems within Oracle are not a day or two, and many bears on Wall Street have recently been shorting the company's stock ahead of Oracle's new quarterly earnings report.

Now, because of Simon's support, Oracle's stock price did not fall as expected after the release of the new quarterly earnings report, and even showed signs of rebounding.

In addition to the Oracle incident, since the release of Forbes magazine on September 3, all kinds of invitations have poured in, and countless media eyes have refocused on Simon, and his every move has begun to attract attention again.

In order to avoid the leakage of the planned two-line operation plan in advance, Simon had to temporarily throw off a large group of reporters who were chasing and intercepting reporters and flew to Chicago from New York. "Home Alone" was completed, and although it was enough to send the sample to Los Angeles, Simon flew to Chicago to watch it himself, and hid by the way.

After watching the sample of "Home Alone", and discussing some details with John Hughes by the way, Simon once again shook off the reporters who came to hear the news and went to visit the crew of "Terminator 2" in New Mexico.

Although there are many chapters in advance, after the official start of filming of "Terminator 2", Cameron only stopped for a while at first, and these days have sprouted in a solid state.

After checking the filming progress of the film, Simon no longer has any expectations that Cameron will be able to complete "Terminator 2" within the budget, but fortunately, just after the failure of "The Abyss", Cameron has relented, according to the producer's private estimates, the project should be completed within 70 million US dollars.

Considering the box office potential of "Terminator 2", $70 million, although it is $20 million over the budget, is actually within Simon's affordability. After finishing the visit to "Terminator 2", Simon simply went to the crew of "Outlaw" in North Carolina on the east coast of the United States.

After going around the United States like this, probably realizing that the cost of tracking Simon Westeros was too high, he finally calmed down.

On Saturday, September 8, Simon quietly returned to New York again.

However, although Simon could not be traced, the news about him did not stop.

This week, not only Oracle, but also the media about Simon's personal net worth and what he is doing and what he is about to do, etc., back in New York, the West Coast's "Hollywood Reporter" also suddenly broke the news that Daenerys Entertainment is planning to acquire MCA.

Because it's Saturday, the impact of this news can't be directly reflected in the MCA stock price, but it's impossible not to face it.

Moreover, this week, media controversy about Simon's $21 billion net worth has also come one after another.

A 22-year-old with $21 billion in personal assets.

In any case, even in the sacrosanct Western countries, this is a bit too shocking.

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