Extraordinary Genius Chapter 975
Bill Gates and Steve Forbes left together, and Bill Gates asked when they are in the car. "Steve, I did not expect Feng to be so rich. It seems like investing in funds is more profitable. What do you think if I sell away some of my Microsoft shares and invest in funds?"
Steve looked at Bill Gates and said. "Bill, I need to tell you something. My estimation of Feng Yus companies in China is based on the loans gotten by Feng Yu early last year. The market value of your company had risen so much over one year, why cant his companies do the same? Also, the loan amount will be much lesser than the actual value of his companies shares. I estimate his assets in China is worth more than 5 billion USD!"
Bill Gates was shocked. "You are saying his wealth is around 30 billion USD?"
"Bill, you still dont understand. Do you think his profits from his investment company in Hong Kong is only 15 billion? What about his capital? Did he use only the money he got from loans? Dont forget that company is an investment company and charges commission when people invest with them. Feng Yu had said that his profits are over 15 billion USD, and we do not know how much he made if we include the commission. Just think about it. His initial asset might not reach 1 billion USD, and what is his rate of returns? Do you think the commission he charges will be cheap?"
Steve shook his head. Bill Gates is a genius when it comes to software development. But when it comes to investment, he is average. He does not even know Feng Yus assets are more than what was revealed.
"That means his actual wealth is more than me?"
Bill Gates net worth is around 30 to 40 billion USD, and most of it is in the form of Microsoft shares, and some other investments like shares, fixed assets, planes, antiques, arts, etc.
"I dont know. But his actual net worth should not be far from you. Dont forget that Feng Yu is an important trading partner to Russia. Do you think he does not have investments in Russia? We had only tabulated his investments in China. What about other countries? Maybe in another two years, you might not be the Worlds top billionaire."
Bill Gates cannot accept that he has to hand over the title of The Worlds top billionaire to Feng Yu! Steve does not know that the new operating system will increase Microsofts profits to a higher level, and the stock prices rose further. Bill Gates wealth will increase again.
Bill Gates is determined to keep the title of The Worlds top billionaire! He will not hand it over to Feng Yu!
Feng Yu ordered his brokers to invest in some shares, and then he flew to his home in Washington State.
Tu Hao saw Feng Yu and ran over to him. Its been months since Feng Yu met his pet. A dog is very loyal, and even when Tu Hao had not to meet Feng Yu for months, he can still recognize him.
"Mr. Feng, you are back. I will prepare for lunch now." The gardener Old Tian had just washed the pool.
"Ok. I will bring Tu Hao for a walk."
"Tu Hao had learned a new trick. With a hand gesture, he will roll over."
Huh? A new trick? Feng Yu is happy, and he ordered Tu Hao to sit. Then he drew a circle with his hand, and Tu Hao rolls over!
Hah This is so fun. Feng Yu was excited and keep drawing circles with his hand. Tu Hao kept rolling and rolling until he fell into the pool!
Feng Yu quickly pull Tu Hao out and let Old Tian blow-dry his fur. When Tu Hao was led away by Old Tian, there was unhappiness in his eyes.
After lunch, Feng Yu took a short rest before getting the driver to send him to Microsoft Headquarters. If he still does not appear in Microsoft, he will put Bill Gates in a difficult position.
Paul Allen sat in his office in Microsoft reading the latest issue of magazine. The new Billionaire list is announced in this issue.
The first position is still Bill Gates. This is not a surprise, but Paul Allen is shocked and angry by the person in the second position!
Feng Yu, China, 28 billion USD net worth!
How is this possible?! How can that Feng Yu have so much money? Steve Forbes must have made a mistake!
Paul Allen read at the short introduction about Feng Yu. Finance, software, electronics, retail, food, PC, real estate, etc. He is involved in so many industries?!
Wait a minute Finance is mentioned before the software. Did Steve count Microsoft shares as financial investments?
Paul Allen knows Feng Yu have businesses in the PC, electronics, real estate sector. Still, the retail and food industries were placed before PC. That means Feng Yus retail and food businesses are worth more than his PC business.
Wasnt Feng Yu a shareholder of Lenovo in China? Isnt that company is Chinas biggest PC manufacturer and had taken the top spot of PCs sales in China for three years. The market value of Lenovo should be high. What are Feng Yus food and retail businesses?
Is the food business referring to the beverage recommended by Feng Yu in the past?
Paul Allen starts to flip the magazine to look for his name. He was positioned in the thirties, and his net worth is not even half of Feng Yu!
The fury Paul Allen flipped to the article after the billionaire list, and he got angrier!
The youngest billionaire in history Feng Yu!
This article is written by Steve Forbes, and it describes Feng Yus achievements and businesses and commented on the potential of the industries Feng Yu is in. Most importantly, it states Feng Yus Wind and Rain Consulting Firm had made at least 15 billion USD in different financial instruments and products.
The article did not state how Feng Yu created his wealth but states Feng Yus main investments as financial investments during last years Asian Financial Crisis, and Microsoft.
These two investments had brought high profits for Feng Yu.
The article is full of praises for Feng Yu. It claims Feng Yu has more potential than Warren Buffet to overtake Bill Gates as the Worlds top billionaire, and listed Feng Yus contribution to Microsoft, etc.
Paul Allen tore the magazine in anger. Feng Yus contribution to Microsoft is second to Bill Gates! Bullshit!
Feng Yu had only opened up the Chinese market, and their products are selling dirt cheap there! What about my contributions to Microsoft?! I am the one who introduced computing to Bill Gates! Without me, there will be no Microsoft!
Knock knock knock
"Mr. Allen, Director Fengs assistant, Ralph, is informing you that he is using his executive directors power, and had gotten the permission of the Chairman, to call for a Directors meeting."
Paul Allen was even more furious. Feng Yu had come back, and is calling for a directors meeting?! What is he trying to do? Is he trying to flaunt his position as the Worlds second billionaire?!
"I am not attending! Tell him that I am not free!"