Tao Liangchen
Chapter 331 Our Son, So Rich!
It was already mid-June, and the mid-year accounts had just been cleared.
As Su Yehao's proxy accounting firm, the vast majority of his capital flow data was recorded in this firm.
In theory, this data shouldn't be shown to outsiders, but how could Zhugan's parents be wary of Su's father? Not only did they find the financial data, but they also thoughtfully helped to make a copy.
He didn't know until he looked, and was shocked when he saw it.
Su's father was amazed.
How long had it been since he paid attention, and his little rascal had become so rich?
According to the accountant, excluding bank loans, Su Yehao's net worth should be between thirty and forty billion Hong Kong dollars. The specific situation couldn't be accurately calculated, since the latest data wasn't sent in real time, but only summarized at the end of each month for tax purposes.
Moreover, Su Yehao's asset fluctuations far exceeded those of ordinary companies, making it impossible to calculate in detail.
Once net worth exceeds ten billion, it becomes very difficult to make an accurate calculation of individual assets. Investment diversification and allocation means it's constantly fluctuating, so Su Yehao often can't figure out exactly how much money he has.
Su's father only asked if it was possible to earn more than two hundred million U.S. dollars in a month.
The accountant nodded, replying that the recent increase in Internet companies had been very significant, and Su Yehao was very bold, and had been playing with leverage this year.
The reason he was so concerned was mainly because Su's father was depressed.
After working hard for half his life in business, he suddenly discovered that his son had caught up in just one year, which would inevitably lead to some mental imbalance.
Of course, it was a good thing, but...he still felt very incomprehensible, always feeling that money wasn't earned this way, and shouldn't be so easy to come by.
Only a few short months.
Su Yehao's assets had risen all the way from several hundred million to more than a billion, and recently, he had doubled his money again by building a multi-position with leverage.
The speed of wealth growth was so fast that Su's father had to admit defeat. He hadn't accepted the fact that "his son was already richer than him" when he left.
He used to think that Su Yehao liked to brag and was especially lucky.
The father now suddenly realized that his son was really amazing. He got into the car and called his lawfully wedded wife, saying, "Guess how much money Xiaohao has on hand..."
Mother Tang usually didn't know much about Su Yehao's business, but she also knew that he had done a lot of things one after another.
She casually said, "You're so boring, you're also thinking about your son's money. Aren't you afraid he'll fight you?"
"Hey? What did I say? I just asked you to guess!" Su's father was surprised himself, and now he wanted to drag his children's mother into the water to shock her together.
Mother Tang replied impatiently, "It should be a lot, around 1.5 billion Hong Kong dollars? Don't think he's buying land and buying companies. Most of the money is borrowed from banks. He seems to have earned a lot himself, right?"
"You think so too, right? But that kid has quietly earned thirty or forty billion! I just heard that he made more than two hundred million U.S. dollars in stocks. Doesn't that mean he's richer than us? How did his brain grow? Do you know what he did?"
"..."
Mother Tang was startled by the number, and asked, "Really? I've been busy with business recently, and I rarely see him. How would I know what he's doing?"
"Of course it's true. I went to the accounting firm that handles his accounts to check, and I just came out of the gate. That kid financed and leveraged a massive multi-position worth more than 600 million U.S. dollars last month, and the stock price really went crazy, earning more than two hundred million in one fell swoop! U.S. dollars!"
Just listen to Su's father's tone, and you'll know how shocked he is at this moment.
If you don't do business, you don't know. People always say that it's easy for rich people to make money, but that's only relatively speaking.
If it were really that easy, all the rich people in the world would have made a fortune long ago. The reality is that there are very few people who can break through bottlenecks. More people are prone to retreat instead of advance after seizing an opportunity to get rich, falling into a quagmire.
Su Yehao was afraid of being nagged, so he usually only contacted his parents when there were important matters. Otherwise, he would say as little as possible.
Therefore, after only a month or two, the couple were a little dazed when they discovered that their son had done another big thing. They didn't understand when making money had become so simple.
The wealth-creation myth of the Internet industry is not just talk.
Compared with traditional industries, making money in this emerging industry does seem unusually easy.
If Su Yehao knew his parents' mentality at the moment, he would definitely think they were making a fuss. Thirty or forty billion Hong Kong dollars sounds like a lot, but it's actually only four or five hundred million U.S. dollars, just one percent of the total net worth of Bill Gates, the current world's richest man. Throwing it in Silicon Valley only counts as a pretty good rich man, still half way from the threshold of a super-rich.
But Su's father and Mother Tang obviously didn't have such high expectations for their son. At this moment, they were already dumbfounded, falling into deep confusion.
Su's father was silent for a moment, then suddenly said, "Our son is so rich...Doesn't that mean that all the wealth added together has touched the threshold of a 10 billion wealthy family?"
"...It seems to be true, even if it hasn't reached it, it's about the same. The newspaper only said last time that he spent a lot of money to acquire a high-tech American company. I didn't expect him to be playing so big in secret. After making money from investing, has he withdrawn it all?"
After Mother Tang asked, the father realized something and sighed:
"I don't know, and I dare not give advice. I've already started to not understand. From the beginning, I wasn't optimistic about Internet companies. How would I know it would be so powerful? If I clear my positions too early and sell it off, wouldn't I be even more humiliated? How will I have the prestige to suppress him in the future?"
Hearing this, Mother Tang found it very reasonable.
She said faintly, "That's right. Last time I said I would hand over the family charitable trust fund to him to manage. If I listened to his advice and invested, I could probably earn a few hundred million more."
Su's father immediately seemed to have stepped on his foot, with a gloomy face:
"That's all in the past. You also agreed at the beginning. What are you bringing this up for? Alas, are you going to ask, or am I going to ask? Forget it, let's have lunch together tomorrow. I'll talk to him face to face then. No wonder he has such great ambitions. It turns out he has money in his hands. He told me tonight that he's going to get another piece of land in Guangzhou, not much smaller than the Pengcheng Cultural Tourism City, and he's bringing in the Donghuang Zhao family too."
"Isn't it a good thing that he wants to buy land? Settle it quickly, and everyone will be relieved."
"...If only that were the case. His accountant told me that he had never seen someone like Xiaohao, who could borrow money to make money all the way, and play tricks with loans. He continues to borrow money as soon as he has a little profit, and then invests it. I feel like this time is the same." Su's father said with emotion.
After the two discussed it, they finally decided to clarify the situation tomorrow first.
Originally, they didn't care about the trend of U.S. stocks. Tonight, they checked the stock prices on the computer by chance. The NASDAQ index turned green again, rising more than three points. Yahoo, Cisco, and Amazon all had relatively large gains...