Free Web NovelChapter 952: Chapter 482: Then Let’s Be Even More Conservative!_1
The Forbes Billionaires List is a ranking created by the financial magazine Forbes, which updates the ranking of the world’s billionaires every year.
Known as the "Billionaires Club," the Forbes Billionaires List features individuals whose fortunes exceed one billion US dollars, each of whom can be called a "billionaire" once they make the list.
The "Forbes China Rich List" is a customized ranking for China by Forbes, which broadens the scope to include those with assets over one hundred million US dollars who may make the list.
In the newly announced "Forbes China Rich List," Zhao Yi ranked 425th on his first entry, essentially at the bottom of the list, but his inclusion became the focus of public attention, even more discussed than the top three on the list.
Zhao Yi was already a person of interest, being one of the most renowned scholars in China and even globally, unanimously recognized as the world’s top mathematician, with substantial contributions in various other fields.
Such a young genius scholar had squeezed into the Forbes list, becoming one of the top-tier billionaires in the country?
Many people felt their understanding had been turned upside down.
Upon closer examination, the Forbes list identified the main sources of Zhao Yi’s wealth—
Research and investment!
Zhao Yi was also the only billionaire on the list with the word "research" highlighted as the source of income.
The internet was abuzz—
"Impressive! Getting on the billionaires list through research, God Zhao is the real deal!"
"My teacher told me that doing research is about making contributions, but now I realize that research is the real path to unlimited wealth!"
"Don’t just focus on research. God Zhao himself has a great eye for investment, just look at Yutu Robot!"
"And look at Red Wind Industry!"
"Say, mustn’t God Zhao’s inclusion in the list be largely related to Yutu Robot Company?"
Of course, that’s true, but it’s not the full picture.
The financial data in Forbes comes from public information and professional valuation firms.
It’s easy to calculate the wealth of billionaires with publicly listed companies; simply multiply the company’s total market value by the percentage of shares held. For companies that aren’t publicly traded, the valuation relies on professional assessment firms.
In the past several months or year, Yutu Robot Company has been rapidly developing. With the completion of their robotic operating system and the intelligent technology developed on that basis, Yutu Robot quickly expanded its enterprise customer base.
Their corporate clients include many large-scale businesses and publicly traded companies.
Additionally, in the area of collaborative research and development, Yutu Robot has made significant progress. They have entered partnerships with large technology companies to develop voice interaction systems for mobile phones, computers, vehicles and other areas. Automotive industry giants have also partnered with Yutu Robot Company to develop autonomous driving technology.
Collaborative research and development in various fields of intelligent technology have made it even more favored by investors and the market.
Although it hasn’t realized large-scale profitability yet, Yutu Robot’s future is widely optimistic, with professional valuation firms continually upgrading its estimated value.
And this is even before going public. freewebnovel.cσ๓
With continuous good news from Yutu Robot, and broad market optimism for the company, if they manage to go public successfully, the stock would definitely attract massive interest. Professionals believe, "If Yutu goes public, its market value could easily triple."
Despite the general market optimism for Yutu Robot, it’s unlikely to go public soon, as it has not yet achieved stable profits. Domestic listing requirements would not be met without stable earnings, and going overseas would require multiple reviews, which are unlikely to pass without a main core revenue business.
Zhao Yi’s appearance on the rich list is related to the development of Yutu Robot, but an increase in assets to over four hundred million US dollars isn’t solely due to Yutu Robot; it’s also thanks to Star Billion Investment and Red Wind Industry.
Red Wind Industry’s shares are only a small part, with the larger part being Star Billion Investment.
Star Billion Investment is just a title; in reality, it’s a company personally controlled by Zhao Yi that mainly buys stock in M Country. Selling is very rare, but as the stock purchased by the company greatly increases in value, so do the accumulated assets held by the company, which now exceeds one hundred and fifty million US dollars.
Adding together the assets of Yutu Robot and Star Billion Investment, the total is worth over four hundred million US dollars.
The shares of Red Wind Industry are merely a fraction of that total.
As the internet was buzzing with discussion, Zhao Yi developed a sense of crisis. The Forbes valuation of his assets wasn’t accurate—for example, his bank account still held over one hundred million yuan, and Star Billion Investment had over forty million US dollars in liquid funds.
However, having a portion of his assets disclosed publicly left him somewhat gloomy.
He wasn’t the type of pure businessman who could use the Forbes list to increase his fame, but rather felt like an ordinary person, a commoner; the disclosure of his wealth made him uncomfortable. freewebnσvel.cøm
"Damn those M Country folks!"
"Why even publish a billionaires list? Even if they’d found out, there was no need to broadcast it! Making money off a magazine by investigating this stuff is just heartless!"
"Now, everyone knows."
Zhao Yi’s worries weren’t unwarranted. As soon as Forbes published the list, he immediately received calls from a lot of acquaintances, each congratulating him on making the list.
Some were purely envious teasing.
Others wanted to gain some wisdom, inquiring how he managed his investments to earn so much money.
