Free Web NovelChapter 1112: Chapter 549 New Ideas, New Understanding!_1
Last year, Zhao Yi entered Forbes magazine’s "Forbes China Rich List," and this year, he made it straight into the "Forbes World’s Billionaires List," which is global and only features top-tier billionaires with assets of over a billion dollars.
Therefore, the "Forbes World’s Billionaires List" is also known as the billionaires’ club.
The list published by Forbes features 1,546 billionaires, with 229 being new faces on the list, and Zhao Yi is one of them, as well as one of the higher-ranked newcomers.
Zhao Yi’s total assets were determined to be $1.24 billion, ranking him 1,180th on the billionaires’ list. Although his position seemed quite ordinary, he was also one of the most highlighted, receiving attention comparable to those in the top ten.
Forbes caught on to Zhao Yi’s ’spotlight aura’ and dedicated a special section to introduce him, analyzing his assets.
The report mentioned that Zhao Yi’s assets mainly consist of three areas, one being the shares he holds in Yutu Robotics, whose listing was also a major reason for the surge in Zhao Yi’s assets.
The second is Star Billion Investment Company.
Forbes’ report gave a detailed introduction to Star Billion Investment Company, probably because most of its assets are in M Country, and the stocks it holds are public, making them easily accessible for investigation.
"Star Billion Investment Company is a private enterprise owned by Zhao Yi, holding long-term shares in technology stocks like Apple and Amazon, which have been continuously fortified."
"In recent years, the technology stock market has risen very rapidly, and the market value of Star Billion Investment Company’s shares has also been increasing, with a growth of over thirty percent in just half a year."
"Clearly, Zhao Yi is not only top-notch academically but also has a keen eye for investments..."
Furthermore, there’s Star Billion Technology Company.
Star Billion Technology Company mainly relies on several patent royalties for its revenue, but the patents owned by Zhao Yi are extremely commercially valuable, with the income from patent fees also being quite substantial, easily exceeding 100 million Chinese yuan a year.
The above are Zhao Yi’s main assets. Other assets include some domestic stocks, such as Red Wind Industry, Flying Spirits Distillery, private real estate, among others.
Forbes conducted detailed analyses, but what they had were only the investigable data. Some non-public or personal account data could not possibly be investigated.
Hence, $1.24 billion is just the lower bound of his assets.
And that is already astounding.
Last year, Forbes’ published data showed that Zhao Yi’s total assets were not even half of what they are now; his wealth had surged more than double in just one year.
"This is due to Zhao Yi’s vision in investments," Forbes commented in their report.
Zhao Yi’s ’main source of wealth’ shifted from ’academia, scientific research’ to ’investment.’
International public opinion on Zhao Yi’s entry into the list also changed its main tune to, "Zhao Yi is the true hidden investment tycoon!"
"With so many academic achievements, Zhao Yi’s focus must be on academia. It turns out that with just a bit of investment on the side, he has amassed such considerable wealth!"
"This is what a real tycoon looks like!" freёwebnovel.com
"What does it compare to those businesspeople who focus on making money? When it comes to the ability to earn money, they definitely can’t match Zhao Yi!"
"Zhao Yi is also a self-made man!"
"..."
After Forbes published the billionaires’ list, many people discussed Zhao Yi.
It was the same domestically.
Zhao Yi was one of the most attentively watched individuals on the list, and some acquaintances had their impressions of him somewhat changed.
For instance, Zhou Haoren from Red Wind Industry.
Zhou Haoren had always thought that Zhao Yi’s investments were based on ’actual capabilities.’ His investment in Red Wind Industry was just like that; he first injected funds to acquire shares and then directly participated in the related scientific research. Once breakthrough results were achieved, the company’s share price would naturally soar.
That’s called capability!
Regardless of stock market principles or investment visions, with such operations, even the worst company’s share price would definitely rise.
Now, Zhou Haoren realized he was wrong. Zhao Yi was indeed a hidden tycoon, able to make a great fortune overseas through stock investments with his perceptiveness.
"No comparison at all! Just no comparison..." Zhou Haoren could only sigh.
At the same time.
A few members of the theory group were also sighing. They all knew that Zhao Yi was wealthy, having squeezed into the China Rich List with his net worth calculated in ’billions.’ But they hadn’t expected Zhao Yi to be this wealthy.
Over a billion dollars!
This was an astronomical figure!
For others, it might be just a lively topic, but they were working with Zhao Yi, aware that most of his focus was on research, and he barely concerned himself with investments or money-making.
Huang Zhong was full of envious sighs, "When it comes to making money, we should really learn from Academician Zhao!" He was the one most keen on making money among them.
Although Huang Zhong had become an academician of the Science Academy, it didn’t mean he was wealthy; most of the time, he was just drawing a salary.
Research in mathematics and theoretical physics barely comes with any ’extra earnings.’ Conducting research required great frugality, and sometimes even attending an academic conference meant paying for the flight tickets out of his own pocket.
Huang Zhong’s salary was indeed not low, with a monthly income of over ten thousand and added benefits that easily crossed twenty thousand.
But then...
What’s twenty thousand worth?
In an era of skyrocketing housing prices, he couldn’t afford to change apartments, and he also had a son who was about to get married, adding significant financial pressure.
