Wall Street Legend
Chapter 287 Real Estate Company
If you miss it, you miss it, there is nothing to regret.
On the one hand, social networking, on the other hand, mobile smart products, plus Netflix, Green Mountain Coffee and other industries ready for long-term investment, it is enough for Ye Dongqing to be famous for a century, and to be invincible all over the world. There is no need to be obsessed with Huawei, just fancy this company. It’s just the huge cash flow that it may bring, and Apple may also become a “cow” that can provide him with blood transfusions within a few years.
You must know that Tamsui Investment Group currently owes a large amount of money, totaling more than 10 billion US dollars, and needs to repay interest on an annual basis. Without a stable source of funds, it is difficult to repay these foreign debts. If the assets are not sold, it is estimated that it will be unlikely to be paid off within five years. In addition, money-burning expenses such as the Cobra Building, Yip's Manor, private jets, etc. will inevitably slow down the debt repayment progress.
Overall, the risk is not big. After all, most of the money is used to invest in high-quality assets, and it is not lost by him gambling. Occasionally, he seizes the opportunity to make a fortune, such as this time with crude oil futures. As long as the amount is large enough, he can make a small profit. Get some blood back.
There are advantages to not investing in Huawei, which makes Tamsui Investment Group’s capital flow abundant again. Ye Dongqing quickly found other investment targets, including Corning Incorporated, Qualcomm, and Tesla, which is about to raise Series A financing. He values the most It’s Tesla. Judging from the initial sales of Model-3, after countries implement policies to stop the sale of fuel vehicles in the 30s and 40s, this company may be able to reach the heights of Apple’s peak period.
In the foreseeable future, autonomous driving will inevitably replace manual driving, and the decline of the oil industry is certain. From a strategic perspective, which oil-poor country is willing to spend large sums of money to purchase oil every year? And let the U.S. dollar use this market to dominate the world? When will the electric vehicle technology, represented by autonomous driving and ultra-high battery life, truly mature? The good days for oil-rich countries to just make money will come to an end. Ye Dongqing feels that with his intervention, the time for the technology to mature may not be advanced yet. few.
Obviously he didn't invest, but he had already thought about what kind of electric car he wanted to develop. The shape was similar to the Taycan. He also paid a deposit at that time. Unfortunately, he jumped off the building before seeing the car. Compared with the mediocre Model-S, that kind of car Undoubtedly too beautiful.
Throughout March, Ye Dongqing sorted out all the industries in his hands. The people from the KPMG consulting company have not yet handed over an answer sheet that satisfies him. They will probably continue to check and fill in the gaps. For example, the very important management structure is still He is in the foundation stage and can determine how far he can go in the future...
April 9th.
Instead of taking the helicopter that he had just acquired, he took to the road in that cool Bugatti, planning to drive all the way to Manhattan himself. The luxury car that he spent two million dollars to buy was always wasted. It was black and white. The sound and power are mesmerizing.
A new Rolls-Royce Phantom driven by a bodyguard opened the way, and Ye Dongqing drove behind. Passers-by saluted after entering the city. In New York City, which is huge, there are currently only two Bugatti supercars. Many people don’t know this at all. What kind of car is it? All I know is that it looks beautiful.
The Ferrari Enzo is not bad either, but it is not as impressive to drive as this one. After arriving at the Trump Tower, I parked the car at the door, threw the car keys to the bodyguard, stretched myself and went upstairs to discuss business...
This year is a relatively important year. Apart from Facebook and Skype, which are already well-known, some achievements have been made in other investment fields, but it is not enough. Today, the main supporter of Ye Dongqing's net worth of more than 10 billion US dollars is Facebook. Others Business takes a long time to see high returns.
All the company affairs that had been accumulated in January and February were dealt with during this period. Recently, the company has been slightly rectified. Ye Dongqing tried to transfer some assets to the names of shell companies established in other countries, for the sake of long-term interests. It is considered that part of the assets will be transferred to a charitable trust fund in his name to avoid excessive growth of wealth in the future and attract unnecessary attention.
Ye Dongqing has already begun to think about the future.
Going upstairs to the conference room, people from Vornado Real Estate Company were waiting for him. After sitting down, he smiled and said, "Sorry, there is a bit of traffic jam on the road. I recently moved to Long Island, so I kept you waiting."
"It's okay, I like that island. There are not many private islands for sale near Manhattan. Yours is the largest one in the past thirty years. In fact, I also thought about buying it before, but the price was too high. , and I already have a small island in the Maldives, which I have rented for three hundred years."
The speaker stood up, shook hands with Ye Dongqing, and introduced himself: "Mike Becker, CEO of Vornado, the land you are interested in is unique in Manhattan. We originally planned to build two high-end apartments on it. It’s for rent, but if the price is right, you can sell it.”
Upon hearing this, Ye Dongqing knew that it would be difficult to lower the price. The other party's subtext was already quite obvious. They were not in a hurry to sell that large piece of land. They could develop it themselves.
The real estate market in Manhattan has been developing for hundreds of years, and prices have long been stable. There have been no major fluctuations during this period. In fact, he really hopes to push the price down, but considering the size of the land and especially the location, he also knows how to keep the price down. The space won’t be too big. Big global companies like to focus on Manhattan, and rich people like to come here to invest in real estate, which means there is no shortage of buyers.
Vornado Real Estate Company started as a chain of discount stores in New Jersey in the 1940s. With its business transformation, it gradually developed into one of the largest real estate agencies in New York. Its most famous properties include One Penn Plaza. , and the already approved Lot 220 South Central Park. Pu Chuan, who lives above Ye Dongqing's apartment, is nicknamed the "New York Real Estate King", but compared with this company, his strength is obviously much lower.
"It's really suitable for building apartments there, but the real estate market in Manhattan is a bit saturated now, isn't it? It's not as cost-effective to make money through long-term leasing and management as to get a large sum of cash at once. The cash can be used for investment, and the rate of return is higher. Maybe I can help in this regard." Ye Dongqing deliberately concealed the news that the property market prices and transaction volume will rise sharply in the future. A group of banks and real estate companies are messing around, allowing those guys without stable income to pass through the bank review, which in turn pushed up real estate prices, leading to the subprime mortgage crisis in 2008.
The source of the subprime mortgage crisis has already emerged in this era. Financial institutions such as banks and investment funds are packaging loan businesses and trading them as certain financial commodities.
Mr. Mike Becker did not expect this. He knew what kind of business Ye Dongqing was doing. It was more like a private equity fund that gave stable returns. The money invested in him was invested by him. So far, the returns seem to be very good. …
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