Free Web NovelChapter 1419: Chapter 673 This is a real UFO!
Zhao Yi was not surprised to find himself at the top of the rich list. The primary reason was the rapid development of Yixing Company, followed by the growth of the domestic manufacturing industry. Several manufacturing companies had seen their stock prices multiply manyfold, significantly increasing his net worth.
To this day, he had no idea how much wealth he actually possessed; money to him was truly just a number.
This statement might seem like a boast, but that was genuinely how it felt to be this wealthy. The funds in his private account were soaring every day, and the shares he held saw daily fluctuations.
Furthermore, the management team behind him was continuously engaging in various investments and maneuvers in the stock market.
In such a scenario, it was impossible for anyone to know exactly how much money they had or the precise value of their assets.
When he saw his estimated assets were $75.3 billion, Zhao Yi was slightly taken aback. However, upon examining the details of the assessment, he found that they had undervalued him somewhat.
Forbes magazine’s asset assessments were based on public information. freewebnoveℓ.com
The main assets controlled by Zhao Yi included multiple sectors, with companies related to the latest technologies being a key part.
Yixing Company was the largest among them. He owned less than fifteen percent of its shares. As Yixing was not a publicly traded company, its market value was estimated based on public data. Forbes had appraised it at close to two hundred billion dollars.
While this estimate wasn’t high, it wasn’t too low either.
Just the shares he held in Yixing Company were worth close to thirty billion dollars.
Other companies related to the newest technologies included Space Information Technology, Advanced Compression Materials Manufacturing, and a share in the anti-gravity technology patents held by Aviation Group.
Although Zhao Yi held less than three percent in either shares or royalties for each company, their excellent performance and expansionist growth meant that together, they approached a value of ten billion dollars.
Then there was Yutu Robotics.
Yutu Robotics was the company in which Zhao Yi had the largest shareholding, and it was developing rapidly, with a market value having already exceeded forty billion dollars. The value of Zhao Yi’s shares was around eight billion dollars.
Another significant investment was the Star Billion Investment Company.
After repatriating his overseas investments, Zhao Yi had mostly invested in domestic and HK stocks. With the rapid development of the domestic manufacturing and technology sectors, the stock prices of the companies he invested in had risen sharply. Additionally, companies like those in the photoelectric industry that received follow-on investments surged quickly with the development of anti-gravity technology.
And so on.
Together, these investments constituted Zhao Yi’s ultra-high net worth.
Forbes’ summary of Zhao Yi’s assets was mostly estimative, providing concrete figures for only a limited number of companies, including Yutu Robotics and Red Wind Industry.
This was primarily because they didn’t have access to complete information. Companies like Yixing were not publicly listed, and the latest technology-related enterprises had also stayed private, leading Forbes to rely on publicly available information such as published profit reports, transaction data, and asset details for their assessments.
In reality, the shares and assets Zhao Yi controlled exceeded the evaluations made by Forbes by a substantial margin.
For instance, one area that Forbes could not collect data on was Zhao Yi’s personal bank account.
Zhao Yi had a bank account managed under strict supervision due to the significant volume of transactions it handled, including royalties from the latest technology patents being deposited directly.
This account consistently maintained funds of over ten billion RMB.
The reason the balance remained high was not due to a lack of investment but because there were simply too many sources of income, many of which were large sums.
Zhang Zhen was specifically responsible for handling Zhao Yi’s finances, mainly managing his liquid assets. To this end, he had assembled a financial team, but the continuous influx of funds into Zhao Yi’s account, combined with minimal expenditures, meant that Zhang Zhen and his team’s consistent investments only increased Zhao Yi’s wealth.
After reviewing the Forbes report, Zhao Yi had a rough idea of his assets and found it somewhat strange to become the richest man, primarily because compared to the ’world’s richest man,’ an asset value of over $75 billion didn’t seem that high.
If his memory served him correctly, at the time he had traveled through time, the world’s richest man had assets exceeding one hundred billion dollars.
Over $75 billion could rank within the top ten but surely not first.
After some careful thought, Zhao Yi identified the reason as mainly due to the butterfly effect’s impact.
In the past, stocks of technology companies in M Country were of ’immortal level,’ propelling the magnates of the internet and technology sectors to the forefront of the rich list.
Now it was different.
With the rise of the domestic scene and the development of the latest technologies, M Country’s technology companies were the most affected.
Spatial Information Transmission technology directly impacted companies in the information industry.
Tesla was hit by Yixing Company’s cross-dimensional assault.
Even Apple Company was affected, with its stock price suffering alongside the somewhat poor performance of M Country’s stock market over recent years; while not completely collapsing, it certainly wasn’t thriving either.
As a result, the second place on the rich list was now occupied by the luxury magnate Bernard Arnault.
