Resource Tycoon Reborn

However, Prince Al Saud will not express any objections anymore. During this period, he has learned a lot about Citibank's stock price.

When Citibank's stock price fell to 21 dollars per share, he thought it had almost reached the bottom and could not fall any further. As a result, Citibank fell...

When Citibank's stock price fell to eleven dollars per share, he thought it must have reached the bottom this time and could not get any cheaper. As a result, Citibank continued to fall...

When Citibank's stock price fell to seven dollars per share, he thought it was already a jump price, and it would be ridiculous to fall any further. As a result, Citibank continued to fall...

So now, even if Fang Mingyuan believes that Citibank's stock price will fall to two dollars per share, Prince Al Saud will not be too surprised.

"If I had known that Citibank would be in the situation it is today, I might as well have gotten rid of it last year." Prince Al Saud said regretfully. Although at the time he saw that Citibank's prospects were poor and full of crises, he did not expect that it would

Falling into this situation!

Fang Mingyuan smiled and said: "Will His Highness really do that?" Citibank shares, for Prince Al Saud, are not just a representative of wealth! He does not think that Prince Al Saud can be so easily

Otherwise, he would not have agreed to cooperate with Fang Mingyuan because of the possibility of acquiring more shares in Citibank.

"Fang, for a loser, the winner should be graceful!" Prince Al Saud said with a wry smile.

"Until the dust finally settles, who can dare to say that he will definitely be the winner? Your Highness the Prince does not have to be like this." Fang Mingyuan said with a smile. In his memory, Citibank was still one of the world's top financial institutions and a member of the U.S. government.

The loan was repaid quickly, and the U.S. government gained huge profits as a result. The U.S. Treasury Secretary once expressed his pride in public to prove that the U.S. was responding to the financial crisis caused by the subprime mortgage crisis.

At that time, the huge amount of money invested was not without return. Fang Mingyuan had a very clear impression of this point.

"Whether I am a loser or not, you are definitely a winner!" Prince Al Saud solemnly said. The European and American stock markets are not like the domestic stock market. No matter whether the stock price rises or falls, whether the stock market is bear or bull,

Investors with a vision can still make money, and sometimes they can even make more money than in the bull market. Prince Al Saud does not believe that since Fang Mingyuan can see that Citigroup is surrounded by risks, he will have nothing to lose in the stock market.

As? And when Citibank's stock price fell to two dollars per share, he made a large investment. As long as Citibank can survive, his investment should be at least 50-60% profit!

"You are definitely not a loser! Your Highness, Khalid, believe me, you will have the last laugh!" Fang Mingyuan said solemnly, "Besides, I also told you that I have no ambitions for Citigroup. The United States

People can tolerate you holding an important position on the board of directors of Citigroup, or even becoming the chairman, but they will not allow me to become the core decision-maker of the board of directors of Citigroup. Ten percent of the shares is probably already the top.

Oh my God!"

Prince Al Saud nodded secretly in his heart. Fang Mingyuan is telling the truth. Americans can allow Fang Mingyuan to dominate the entertainment industry, but they cannot allow him to control the top financial institutions in the United States because this is related to the financial order of the United States.

In any case, Fang Mingyuan is now a Chinese, and a Chinese who has close relations with high-level Chinese officials! But he is different. Saudi Arabia is a die-hard ally of the Americans in the Middle East!

"I also mentioned to you at the beginning that I chose Citigroup, firstly, to make a fortune; secondly, to further improve my status in American society; and thirdly, for the extraordinary benefits of Citigroup.

core business to further enrich the strength of our Fang family's companies." Fang Mingyuan picked up the already cold coffee at hand, took a sip and said, "Perhaps, in the future, I will exchange shares of Citigroup with you for other things that I know more about.

Something interesting."

"Then I am definitely very welcome!" Prince Al Saud laughed. He knew that in order to reduce financial pressure and improve profitability, the board of directors of Citigroup has been discussing splitting the company's businesses into two, and intends to

Eventually, some non-core businesses were divested.

After leaving Prince Al Saud's residence, Fang Mingyuan headed to the Upper East Side, the famous wealthy district in New York.

Among the five major boroughs of New York, Manhattan, as the center of American finance and trade, is undoubtedly the most famous. Some people say that this is the place where human wisdom is turned into wealth. At the same time, Manhattan is also a favorite residential area for wealthy Americans. And along the

To the north and east of the world-famous Central Park is New York's famous Upper East Side. Although the building density here is very high and there are many high-rise buildings, it is the most expensive and popular residential area in New York, known as New York.

The "Gold Coast" is home to the richest people in New York, including wealthy people from major well-known financial and investment banks in the United States. It is a real wealthy area!

It has the best private schools in New York, the highest concentration of private clubs, various art galleries, brand-name shopping malls, luxury hotels, and the most typical and authentic cooperative apartment buildings. Here, a four-bedroom apartment

The average price of a cooperative apartment may exceed three million US dollars, and you don't need to be rich to live in one. There are often some well-known people, including rich people, who are rejected by the apartments here.

Although Fang Mingyuan refused Prince Al Saud's stay, he certainly would not stay in a hotel here. There is also a mansion belonging to him here, a villa given to him by the Saudi royal family. It is said that in 2006

At that time, its value had exceeded 90 million U.S. dollars. Later, when Fang Mingyuan "disposed" of the mansions gifted by the Middle Eastern royal family, he considered that it was located near Central Park in New York and that the Fang family would not be able to "forget" it in the future.

To open up the American market, he stayed here. But he stayed here. Fang Mingyuan did not ask the Saudi royal family to continue to reimburse the expenses of this villa. The servants here have also been screened and re-selected.

I fell in love with someone I can trust.

This place receives a lot of Fang family members and guests every year, and the utilization rate is quite high, but Fang Mingyuan himself has never lived here for a few days. But I have to admit that living here is indeed a kind of enjoyment, if nothing else.

, just across the street is the entrance to the middle of Central Park, which is enough to make wealthy Americans praise it.

The car turned into the gate of the villa, and Butler Smith was already waiting in front of the door. He was nearly fifty years old and had worked for Prince Abdullah at his villa in the United States for many years, winning the trust and favor of Prince Abdullah.

, after learning that Fang Mingyuan had re-screened and selected the staff here, he specially introduced him. After a detailed and serious inspection of him, Fang Mingyuan decided that he would be the housekeeper here, responsible for all the staff.

non-confidential matters, and over twenty staff members managing this place.

"Sir, Mr. Gary Barrett is already on his way here. If nothing unexpected happens, he will arrive in about fifteen minutes." Smith took Fang Mingyuan's clothes and said softly,

"I've prepared tea. By the way, what would you like to have for dinner?"

"Barrett, he came quickly!" Fang Mingyuan nodded and said, "Let's have Western food, maybe we need to entertain guests."

"Yes, I will arrange it." Smith bowed.

Gary Barrett, a well-known developer in New York, established Etell Company in 1988 and is now the largest land holder in Manhattan, New York, whether it is the Upper East Side, Times Square, the Central Business District, or Midtown.

The projects and properties it has built and developed so far have successfully constructed 20 million square meters of architectural works, and many high-end well-known real estate projects have won international awards. However, not many people know it, including the shareholders and directors of etell.

Everyone, almost 40% of the shares of etell company are actually in Fang Mingyuan's name, although he has never appeared on the board of directors or the list of shareholders of etell company. In fact, it was a coincidence that he bought a stake in etell company at that time. It was chosen by Yu Dongfeng.

Only later did Fang Mingyuan pay attention.

Gary Barrett looked at his watch and urged his driver to drive faster. He didn't want to be late and leave a bad impression on Fang Mingyuan. Although this was only the third time he saw Fang Mingyuan, the first two

Each time they were at a party. This time they met alone, Barrett also spent a lot of effort and energy to get it. He didn't know that Fang Mingyuan was actually the company's major shareholder, but all his shares were scattered.

Hidden in the darkness, Barrett came with a heavy responsibility this time.

Although it is said that since the establishment of Etell, the projects and properties it has built and developed have never failed, even during the economic downturn in the United States and the world. But this time, the subprime mortgage crisis in the United States triggered a financial crisis and eventually led to

The global economic crisis is approaching fiercely. More and more people can no longer afford housing loans and have to sell their houses at low prices. In other words, after being repossessed by banks, they are sold on the market at very low prices. The real estate industry in the United States has also been hit hard as a result.

According to industry statistics, last year, the overall housing prices in the United States fell by 21.7%, and in some areas even as high as 40% to 50%!

Such a large decline has made Bank of America very cautious in investing in the real estate industry. Although etell company said that its past performance has been very good, and so far, the company's operating conditions are still satisfactory, it has also been affected by the banking industry.

Affected by the contraction of the real estate industry, there are some restrictions on loans. Of course, this is also related to the fact that in the past, most of Etell's banking business was handed over to Citigroup. Citigroup is now in a mess, and its stock price is even lower.

It has fallen so much that it has almost become the floor price, and the business has naturally been greatly affected. Even if etell company transfers its business to other major banks in the United States, the situation will not be fundamentally solved. The banks are now paying the most attention

They are self-insured rather than expanding their business and customers. They are very cautious about projects with high risks, even if they have collateral. Unfortunately, etell's projects are currently classified as

The risk is high! However, Barrett believes that the impact of the global economic crisis on the U.S. economy will eventually pass. It is just a matter of time, and he believes that this time will not last too long, probably in 2010.

In other words, there will be a turn for the better in 2011. And the real estate industry will definitely be back on track by then!

But before that, the construction industry in the United States also entered a downturn. In order to ensure that the company has work and avoid losses and large-scale layoffs, even if it is only a meager profit, those construction companies will actively strive for it, and this is undoubtedly

It has greatly reduced the construction cost of the project. For etell company, they naturally hope to seize this opportunity. Because the most immediate thing they have now is that they have a project under preparation, and its budget cost is likely to exceed ten

US$800 million! According to their calculations, if construction can start this year, the final total cost may drop to less than US$1.5 billion.

The cost has been reduced by almost 300 million U.S. dollars, accounting for one-sixth of the total investment in the original plan! Although construction begins now, when the building is completed, it is likely that the U.S. economy will begin to recover and the real estate industry will just get on the right track.

You can't sell it at a satisfactory price, but in Barrett's view, this is not a problem. Are you not satisfied with the price? Then you can hold it first and wait until the price is satisfactory before selling. And to promote the price increase, the method is still

Many. For example, some world-famous people have chosen this place to serve as a live advertisement for their etell company! From this point of view, Fang Mingyuan is undoubtedly a very suitable candidate. This person has great experience in the global entertainment and financial industries.

, the shipping industry, the steel industry, and the oil industry all have considerable influence. Last year, a movie premiere attracted the attention of billions of people around the world. Look at the rich people who appeared at the premiere.

You can imagine how many potential customers of Etell Company there are among the people he knows! (To be continued.)

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