America's Road to Wealth

Chapter 131 The confrontation with the former richest man on the West Coast
There is a gambling king in Haojiang.

Gambling is also legal in Las Vegas, USA.

Therefore, like Haojiang, there have also been gambling kings in the United States.

Among the richest living in America.

To get this title, none other than Kirk Kerkorian.

At his peak, Kirk Kerkorian was in charge of nearly half of Las Vegas' gambling revenue.

At the same time, he sold the MGM film company twice and acquired the MGM film company three times, and he owns the Westside Casino and the MGM Grand Hotel.

He is known as the "designer" of Las Vegas. Las Vegas has the current fame, and Kirk Kerkorian contributed at least half of it.

Before the Internet giants came along.

Kirk Kerkorian has long been the richest man on the west coast of the United States and the former richest man in Los Angeles.

last night,

When Charlize Theron went to the hospital for a checkup.

Abel is in the executive corridor of the Hilton Hotel.

Just met this veteran rich man.

The reason the two met was that Abe wanted to buy MGM, which was controlled by Kirk Kerkorian.

As one of the eight big Hollywood.

MGM, which reached its peak with Kirk Kerkorian.

same,
It was also in Kirk Kerkorian's hands, and it became what it was now.

Among the eight major Hollywood companies, MGM is the only company that loses money every year.

After four years of holding this company again, it suffered serious losses for another four years.

Plus some personal business needs.

Kirk Kerkorian, had the idea of ​​selling it again for cash.

At this time, Abel came to the door.

Just as Kirk Kerkorian was nearby, he ran over himself.

Two people met.

Kirk Kerkorian wants to sell, Abel wants to buy.

This transaction between the two should have gone smoothly.

The reason why they didn't get it done last night was that the two of them didn't agree on the price.

Kirk Kerkorian insisted that MGM be sold for $6 or $10 a share.

Abel disagrees.

He insisted that with MGM's current situation.

The price of the two plans is at most 3-6 dollars per share.

The total share capital of MGM Films is approximately 2.4583 million.

If one share is 6 yuan, the total value is about 14.75 billion US dollars.

1996 years,
Kirk Kerkorian spent $13 billion on his third purchase of the company.

If it was sold for $14.75 billion, Kerkorian would still make money at that price.

In fact, as early as 1986-1990, Kirk Kerkorian did a similar thing once.

In 1986, he bought MGM a second time for $14.5 billion.

In 1990, MGM was sold for $13 billion.

Lost [-] million.

This time it was changed to earn 1.75 million US dollars. Although the earning was small, Kerkorian was naturally happy.

But in the end, the two sides had problems with who should bear MGM's debts.

Since MGM entered the 90s, it has basically not made much money.

After years of losses, foreign debts have reached a very serious level.

Kirk Kerkorian said that if Abel was only willing to pay $6, he would not be responsible for any foreign debts.

If Aberken pays $10, he will bear half of MGM's foreign debt.

Do the math, follow this plan.

Kirk Kerkorian still made almost [-] to [-] million U.S. dollars, and successfully sold this loss-making mess of Hollywood Big Eight.

Abel naturally did not agree so easily.

He offered six dollars and would not accept any foreign debt.

Or three dollars a share and assume all foreign debts.

The two had serious conflicts over this.

The price was not negotiated in the end, so we had to break up last night.

Unexpectedly, today, Kirk Kerkorian came to the hotel again very early.

Only then did Abel get up and go downstairs to continue meeting with the old rich man.

After Abel finished talking about this, Charlize Theron, who accompanied him in the elevator to go downstairs.

Finally, she confirmed that the information she searched on the computer last night was true.

The Kerkorian that Abel wants to meet is really the boss of MGM Movies, that Kirk Kerkorian.

"Is MGM Pictures heavily indebted?"

Although he is an insider in Hollywood, Charlize Theron is only a second-tier star in the industry.

In the eyes of Charlize Theron, MGM is a behemoth.

She really didn't know that this giant would be in such a bad situation.

in the elevator,
Last night, her evening dress had been torn and she couldn't wear it.

At the moment, Charlize Theron is wearing a women's casual dress sent by Abel.

It looks generous and decent, beautiful and sexy at the same time very young. .

Well, she's still young, too.

Charlize Theron, born in 1975, just turned 25 this year.

With proper maintenance and natural beauty, she looks younger than an ordinary 25-year-old wild horse.

"It's serious. MGM is worth around US$14-15 billion now. But its foreign debt is almost US$20 billion."

In the elevator, Abel put one hand on her waist and reached into the hem of her clothes to caress her delicate skin.

With the other hand, Abel raised a few gestures, "The money owed is more than the value of the company itself. This makes the cost of taking over MGM more than 30 billion U.S. dollars."

"In the entire United States, there are not many people who are willing to take over and can take over such a company."

Feel the raging of someone's big hand on his skin.

Charlize felt itchy and somewhat ambiguous.

The numbers she heard from Abel.

It made her speechless.

Good guy, it's a business worth more than a billion dollars, or more than three billion dollars.

Let her feel that the contract she signed with Abel this time.

It seems to be signed correctly.

Soon, the two came to the executive corridor of this Hilton Hotel.

Kirk Kerkorian, who is 83 years old this year but is still in good spirits.

Waiting for Abel.

After seeing Abel reappearing today, with a glamorous girl like Charlize Theron beside him.

The old guy gave Abel a man who knows how to look.

Then the old man who was once comparable to Buffett in the investment world in the 80s said:

"Oh~ it's nice to be young. When I bought MGM for the first time, it was the same as you are now, with a different beautiful female star every day."

"It was 30 years ago and I was in my 50s. It was a fantastic time."

"Then, when I got tired of it. I sold MGM."

"Buying later is pure investment and business."

Kirk Kerkorian has a sense of humor and fun, and it seems that everyone in the gambling industry has a bit of this personality.

Last night, Abel saw how old and disrespectful he was in speech.

This guy who came from a poor background is fundamentally different from the top rich people Abel met before.

Seeing him speak like this, Abel took a somewhat reserved Charlize and sat down opposite Kirk Kerkorian.

"Mr. Kerkorian. When you were as young as I was, you couldn't be accompanied by the top beauties in Hollywood like me."

Abel said: "I'm only 20 years old now. When you were 20 years old, it seemed that you were still learning how to fly a plane?"

Kirk Kerkorian curled his lips and muttered:

"Guys who don't know that young people should respect old people!"

Because Abel is right, Kirk Kerkorian really starts to make a fortune, not until about 40 years old!

"Okay." Abel said again, "Mr. Kerkorian. Let's put our topic on MGM."

When it came to business, Kirk Kerkorian also got serious.

The old guy looked at Abel, smiled and said:

"You were the one who came to me last night, and I'm the one who came to you today. How about I be responsible for half of the foreign debt for $9?"

$9 a share?
Abel did a quick conversion and found that it was almost $22.1 billion.

If you add half of the foreign debt, that is close to the cost of more than 32 billion US dollars.

32 billion US dollars, becoming the host of one of the top eight in Hollywood.

He doesn't think it's a bad business.

The key is that the foreign debt of about US$10 billion does not need to be repaid immediately.

As long as the interest can be paid, the repayment period is not reached.

MGM can always owe it, which is why it can borrow so much money.

As for Kirk Kerkorian, if it is sold at this price.

What Kirk Kerkorian can actually get is about $12 billion more.

in other words,

This time Kirk Kerkorian will lose about $[-] million in the MGM business.

last night,

Abe later had the matter of selling MGM for $10 a share.

Throw it to Smith Capital and let the company's traders and analysts analyze whether this price is profitable.

From Wall Street's perspective, analysts generally don't think it's a bad deal.

MGM itself has a large number of IP copyrights, as well as a movie library, worth more than one billion US dollars.

It also has many other fixed assets.

Such as the company's headquarters building, studio and various shooting tools and venues.

It also has a strong film brand value, as well as the powerful distribution capabilities of Hollywood's eight major levels.

This is why it loses money every year, but it can always borrow money to continue to lose money.

So much so that the debt ratio is already so exaggerated, but the reason why it can continue to operate.

This is still from the perspective of Wall Street.

From Hollywood's point of view, it may be more valuable.

The price of ten dollars, Abel agreed in his heart last night.

It's just that he still wants to make some adjustments, and wants to lower the purchase price some more.

After all, it is a big business involving more than three billion US dollars, which is equivalent to a little less than half of his current net worth.

It's just that Kirk Kerkorian is more anxious here.

Kerkorian himself, took the initiative to lower the price.

"9 dollars." Abel pretended to ponder, "That means I will pay almost 22 billion dollars. Will I have to bear about one billion dollars in foreign debt?"

Kirk Kerkorian nodded.

Charlize, who was sitting next to her, was more nervous than the two negotiating people at the moment.

Where has she ever seen such a business negotiation worth billions or billions of dollars?

Even though she was just listening in at the moment, it made her feel extremely exciting.

It was as if she herself was involved, as if she herself had been a part of this business negotiation.

This made her look more dependent on Abel occasionally.

"How about $8." Abel tried to lower the price one last time.

"No." Kirk Kerkorian immediately refused, "The minimum is $9. This is my last sincerity and my bottom line."

Kirk Kerkorian also wanted to say that if he hadn't been in urgent need of a lot of cash recently.

And last night, Abel said that he could pay in cash.

Kirk Kerkorian won't be running today.

For nearly half a year.

Kirk Kerkorian is repeating a business venture he made with Chrysler and Mercedes-Benz in the early and mid-90s.

In the plan a few years ago, he made a profit of 27 billion US dollars.

Although it took almost 6 years, that was already the most he earned in a single investment.

This time he saw an opportunity.

He wants to replicate his investment in Chrysler and Mercedes-Benz in GM.

The plan is already halfway through.

Kerkorian bought a lot of GM stock in the primary and secondary markets.

Halfway through the plan, he suddenly discovered that there were many random players on the way to the acquisition.

Kirk Kerkorian found that many people on Wall Street were staring at him vaguely.

This made Kirk Kerkorian realize that after his last investment.

Wall Street is very sensitive, and this time someone on Wall Street also wants to drink some soup with him.

Kirk Kerkorian must ensure that his cash flow is stronger in order to avoid being robbed and harassed halfway.

Kirk Kerkorian, who refused to admit defeat, began to raise cash in large quantities.

Due to the special circumstances, he dared not reach out to banks or financial groups.

Because these guys are likely to lend him money with one hand, and try to rob him with the other hand.

Don't overestimate the conduct of Wall Street, or should be said, there is no such thing as conduct on Wall Street.

Kirk Kerkorian moved his idea to his own property.

Among them, MGM, which is losing money every year, but is still very popular in the market, has become his first target for sale.

He had been rumored to be selling MGM movies a few months ago.

Many people came to inquire, but only when they heard that the Kirk Cokery Security Department wanted cash.

They basically shook their heads and ran away.

Not many people can come up with two billion dollars in cash.

What's more, MGM still has terrible foreign debts.

at this time,
Abel, who came to Los Angeles, heard the news.

Abel, who was a little moved, came to find him.

And Kirk Kerkorian learned about it through certain channels.

The cash flow of the young rich man in front of him can be regarded as the strongest among the few in the United States.

last night,

Abel also said on the spot that he could pay all in cash.

This is what Kerkorian cares most about.

It's just that the follow-up price cannot be negotiated.

After Abel returned, he was asking Smith Capital to analyze whether the deal was worthwhile.

Kirk Kerkorian didn't stay idle after he went back, and also looked for some sources.

From those sources, he reconfirmed Abel's ability to pay in cash.

That's why Kirk Kerkorian came to see Abel again on his own initiative today.

Simply put, Kirk Kerkorian is willing to lose $[-]-[-] million and sell MGM.

But he needs cash, and the transaction must be all in cash.

Used to support his investment in General Motors.

It's just that no matter how low the price is, the loss will be more.

Kirk Kerkorian would not.

The old guy bit nine dollars to death and didn't let go.

Abel could also see his determination.

9 dollars a share, less than the estimated cost of 2.4 dollars, [-] million dollars less.

Psychologically, Abel is no longer against this price.

He pretended to ponder for a few more minutes, under the watchful gaze of Kirk Kerkorian.

In Charlize's somewhat suppressed breathing.

Abel smiled suddenly, stood up and stretched out his hand to Kirk Kerkorian who was opposite him.

"Happy cooperation, Mr. Kerkorian. Congratulations, you have more bullets, and the chances of making a fortune in another market are even greater!"

What Abel said earlier made Kirk Kerkorian laugh.

The following words made Kirk Kerkorian startled.

Kirk Kerkorian stood up and shook hands with Abel, and said with a wry smile:
"It seems that on the east coast, many people know what I have to do?"

Even the young man Abel knew about it, and Kirk Kerkorian didn't doubt his own judgment.

After shaking hands and letting go, Abel smiled and said:
"It's mainly Mr. Kerkorian, your investment in Mercedes-Dayham and Chrysler was so successful. That's what makes it so compelling."

Don't forget that Abel is also a Wall Streeter now, and a figure in the core area.

To some extent, he is watched and even valued by the giants.

It can also be regarded as one of the giants of Hollywood.

On Wall Street, there are few secrets that can be kept from him.

Unless he's not interested.

Or maybe it's about him.

Last night, while communicating with David and Smith Capital.

He learned about Kirk Kerkorian through David.

He also has a better understanding of Kirk Kerkorian's situation now.

But what Abel didn't know was that this time Kirk Kerkorian's deal.

In the parallel time and space, those who were harassed by Wall Street really didn't get all the credit.

But even if there is harassment.

Kirk Kerkorian in the parallel time and space still made about $7 million on this investment.

Then Kirk Kerkorian in an alternate time and space, in 2009, wanted to play it again.

After Chrysler, Mercedes-Benz Daimler and General Motors.

In the parallel time and space in 09, Kirk Kerkorian focused on Ford.

This guy probably particularly likes car companies and has an indissoluble bond with them.

As a result, Kirk Kerkorian completely failed the third time after the first two were profitable.

No money was made, and more than a billion dollars were lost.

He hunted geese all day long, but was finally pecked by geese.

These are the things that Abel doesn't know.

He just wants to get this historic movie in Kerkorian's hands now!

MGM Movies!
Even if there is some storage and the price is high, he doesn't want to let it go.

Mainly because it was too sudden.

Before he came to Los Angeles, he really didn't know that Kirk Kerkorian wanted to sell MGM.

This time, after coming here, when David Jones arrived in Los Angeles, David Jones got the news by accident.

Then David told him about the boss, and Abel was very moved when he knew it.

He tried to contact Kirk Kerkorian.

Unexpectedly, the latter also knew more or less about his work on Wall Street.

Then there was the contact last night.

Today's contact came after the first contact last night.

And the fact that Abel is about to buy MGM with huge sums of money.

Compared with the previous clear purpose, Abel's acquisition this time.

It was really a coincidence and a whim.

It's just that this kind of coincidence is also very common in shopping malls.

Business opportunities, they lurk in every possible place.

Businessmen who can discover and master them will naturally be able to make a fortune.

(End of this chapter)