Time flows like a river, and three years pass in the blink of an eye. 2017, 2018, 2019. Despite some global turbulence, the world has been relatively stable.
Thus, time has entered 2020. At this moment, the world's richest man is still our Mr. Huang He. Thanks to the efforts of countless workers, Jiangnan Group has expanded considerably.
Forbes magazine has finally announced Mr. Huang's wealth for the first time.
Although Huang He became the world's richest man twelve years ago, the exact amount of his wealth has always been a difficult figure to ascertain.
This is because a significant portion of Mr. Huang's assets are not publicly traded, making them challenging to systematically evaluate. This has led to a rather amusing situation in major global wealth rankings.
While the number one spot on these rankings consistently bears the name Huang He, the wealth figure behind that name has remained a question mark. No financial media outlet has been able to calculate this figure, not even a rough estimate.
Fearing backlash, they simply opted to use a question mark.
However, this year, Forbes magazine has finally made a breakthrough. Their rankings have calculated Mr. Huang's wealth at a staggering 3.64 trillion US dollars.
Forbes magazine dedicated over ten pages to explain how this figure was derived.
First, let's consider all the publicly traded companies under Mr. Huang's umbrella, chief among them being OO Network. Thanks to its exclusive control over the entry point for all personal terminal applications and the download gateway for all online and cross-platform games, besides Nintendo, all other PC and console platforms have OO Store as their default game download platform.
Consequently, OO Network has become a terrifying money-making machine. According to its 2019 financial report, OO Network's annual revenue reached an astonishing 836.2 billion US dollars, with a net profit of 358.7 billion US dollars belonging to the company.
This tremendous profitability has made OO Network the second most valuable enterprise globally, with a colossal market capitalization of 3 trillion US dollars, drawing the attention of all other companies. If it weren't for the United States United Super Vacuum Pipeline Railroad Company holding the top spot, it might very well have become the world's number one.
OO Network has floated 40% of its shares on both US and A-shares markets. Of the remaining 60%, 10% is held by various major global institutions.
Within the remaining 50%, 10% is held by Leng Zhimeng, the founder of OO Network. With this 10% stake, she has consistently held the title of the second richest person globally and the richest woman in the world, becoming an object of admiration for countless women.
Especially after an interview where she publicly declared her lifelong commitment to remaining single, refusing marriage with any man and embracing a more liberated life.
At the same time, she candidly admitted to the media that she already has a child, conceived through artificial insemination. The sperm was obtained from a legally approved sperm bank, and she has no interest in knowing the father's identity, nor does she ever intend to.
However, the release of this interview caused considerable excitement among many men in China who had donated sperm to a sperm bank. They were desperately eager to know if that person's identity was theirs. If it were, then as the biological father of Leng Zhimeng's child, they reasoned that by eventually seeking acknowledgment from the child, even if they didn't receive a share of the second richest person's fortune, a few hundred million dollars to go away would be a reasonable expectation.
Unfortunately, Leng Zhimeng maintains strict control over such matters, and no media outlet has managed to capture a photograph of her child, let alone confirm the child's father's identity.
This has strayed a bit too far. With her 10% stake, Leng Zhimeng possesses a net worth of 300 billion US dollars, making her the second richest person in the world.
Meanwhile, Huang He, who holds the remaining 40% of the shares, has a personal fortune of 1.2 trillion US dollars from this single venture alone. However, this represents only one-third of Huang He's total assets as reported by Forbes magazine.
So, where does the remaining two-thirds come from?
This naturally comes from the United States United Super Vacuum Pipeline Railroad Company, currently ranked number one in the world. Although this company has not yet returned to its peak valuation of 80 trillion US dollars, it has successfully reached the benchmark of 5 trillion US dollars over the past few years.
Especially in the first half of 2019, the first section of the super vacuum magnetic levitation high-speed pipeline, constructed by the United States United Super Vacuum Pipeline Railroad Company, was officially opened for operation.
The live broadcast of this opening attracted over 70% of television viewers in the United States simultaneously. All Americans excitedly announced on various social media platforms that the American people now possessed their own super vacuum magnetic levitation high-speed pipeline, thereby breaking the technological blockade imposed by the Chinese. The United States remained the greatest nation.
The United States United Super Vacuum Pipeline Railroad Company naturally became the object of nationwide admiration, even though they had caused such a terrifying disaster seven or eight years prior.
However, seven or eight years is sufficient time for people to completely forget the disaster and once again elevate the United States United Super Vacuum Pipeline Railroad Company to the status of heroes.
Therefore, from the second half of 2019, the stock of the United States United Super Vacuum Pipeline Railroad Company entered a rapid ascent, currently exceeding 6 trillion US dollars and racing towards 7 trillion US dollars. It seems only a matter of time before it surpasses its previous high of 8 trillion US dollars.
The largest shareholder of the United States United Super Vacuum Pipeline Railroad Company is the Western Mustang Fund.
After various interest negotiations and exchanges, the Western Mustang Fund's stake in the United States United Super Vacuum Pipeline Railroad Company has fallen from its peak of 46.8% to the current 27.6%, relinquishing approximately 20% of its shares to appease various internal factions within the United States.
The Western Mustang Fund, which was once on the brink of collapse, was revived through the operations of the Financial God. It has now entered its seventeenth year since its rebirth.
The Western Mustang Fund has become the world's largest private equity fund, with an ever-increasing number of affiliated banks and financial institutions. Thus, the term "Western Mustang Consortium" has emerged in the market. If this development continues, the Western Mustang Consortium will have the opportunity to become the fifth largest consortium in the United States.
By leveraging the Western Mustang Wallet tool, the Western Mustang Fund now controls over 30 trillion US dollars in capital, which is then broadly invested across various industries and enterprises globally.
Although the Western Mustang Fund can no longer replicate the financial miracle of over 400% annual returns it achieved at its inception, it has maintained an undefeated record, consistently generating substantial profits through investments. Depositing funds into the Western Mustang Wallet and waiting for this money to generate more money, achieving around a 5% annual return, has become a nearly mandatory lesson for all American households. Everyone knows that the Western Mustang Wallet is the most secure investment method in the world; it simply never loses.
Other fund companies, forced by the Western Mustang Wallet, have had to promote themselves as high-yield funds, guaranteeing annual returns of over 10%, otherwise, they stand no chance of attracting investment capital away from the Western Mustang Wallet.
Of course, these funds are also not profit-guaranteed; if they lose, they lose. Furthermore, to ensure higher returns, these funds generally adopt a more aggressive and speculative investment style. While they earn a lot, they also lose a lot at times. The number of investors who can consistently achieve annual returns of over 10% is actually very small.
The Western Mustang Fund has not gone public, so no one can accurately calculate its market value. However, based on the annual yield reports submitted by the Western Mustang Fund to its users, the fund's annual returns are approximately 2 trillion US dollars. After deducting the returns payable to users and taxes, the Western Mustang Fund's annual net profit is around 100 billion US dollars. Calculated at a 10x price-to-earnings ratio, its market value is approximately 1 trillion US dollars.
This fund is absolutely controlled by Mr. Huang, and the approximately 100 billion US dollars in profit essentially flows into Mr. Huang's pocket. Over 17 years, it is conservatively estimated that he has earned around 500 billion US dollars in net income. Thus, Mr. Huang's personal wealth has surged from 1.2 trillion US dollars to 1.7 trillion US dollars.
Beyond these, the most significant entity, Jiangnan Group, makes its appearance.
According to confidential intelligence obtained by Forbes magazine, approximately 40% of Jiangnan Group's equity is no longer held by Huang He. This is the fundamental reason why Jiangnan Group stands as a rock in China.
However, Huang He himself still holds 60% of the shares. At present, Jiangnan Group has evolved into a colossal conglomerate, encompassing over a dozen different industries, including but not limited to electronics, retail, blind boxes, gaming, telecommunications, batteries, and more, with over 1,000 affiliated subsidiaries. The assets of this company are conservatively estimated at 3 trillion US dollars.
If 60% of these shares are held by Huang He, that amounts to 1.8 trillion US dollars. Combined with the previous 1.7 trillion US dollars, and other miscellaneous small yields, the final personal asset calculation of 3.6 trillion US dollars is derived in this manner.