Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 741: Radical Forbes is too conservative

Among the investments made by Bi'an in recent years, although many startups eventually went bankrupt, there were even more that successfully grew and developed. The investment success rate is a miracle in the industry.

Although Chen Mo does not receive a salary from the Bi'an Group, he can get very considerable investment dividends every year: a part from the Bi'an Group, a part from Xiaomi, and a part from dividends from other types of investments, which add up to a lot.

Apart from the villa, car and daily expenses, Chen Mo put almost all his thoughts on his career. Those female confidantes did not require him to spend money. Instead, most of the money was spent by the women, which made him experience the Sigma realm of living off women.

These consumptions are not even comparable to the consumption level of the average rich second generation.

Accumulated over the years, the funds in his personal account have exceeded 10 billion yuan, reaching a level that provincial bank presidents can personally visit him and regard him as their breadwinner.

But Chen Mo himself was also very curious: After working so hard for so many years, how much wealth has he accumulated?
In fact, this year's Hurun list deliberately underestimated his wealth, and Chen Mo did not do anything secretive.

Although he once considered the principle of "a tree stands out in the forest", he later figured it out: the source of his wealth is clean and transparent and can withstand any scrutiny. It is not like some of his competitors who are shady. So what is there to worry about?
So in the past two years, he has completely allowed outside speculation.

But whether it is the US$220 billion announced by Hurun or the US$440 billion valuation by Forbes, Chen Mo thinks both are too conservative.

This feeling is like studying hard for more than ten years to prepare for the college entrance examination, and the mock exams are usually at the level of Tsinghua University and Peking University, but in the end, the college entrance examination results come out and are not even up to the level of a 985 university.

Even if he performed poorly in the exam, it wouldn't be this bad. Either the marking was wrong, or someone tampered with the paper.

Although he was not sure about his own net worth, Chen Mo knew that his financial team must know.

So he called Wu Dan and asked him to sort out the overall valuation of the Bi'an Group, including investments, and my personal assets.

Thanks to the tradition established during Zhou Shouzhi's time, every investment is recorded in detail and the data is summarized regularly.

After receiving instructions from his boss, Wu Dan immediately summoned the core actuaries of the other side's financial department to carry out data integration.

Two hours later, an encrypted email with the highest security level was sent to Chen Mo's mailbox.

When Chen Mo saw the numbers inside, his pupils dilated. Even though he had a rough estimate that it would be around 1000 billion US dollars at best, the numbers inside still far exceeded his expectations.

Chen Mo murmured self-deprecatingly, "It seems that Forbes, which Hurun called radical, is still too conservative."

Personal wealth: 1632, unit: US$ million

The asset scale of Bi'an Technology Group: 2 trillion, unit: RMB

This is the final answer given by the Bi'an Finance Team.

This is nearly 1024% higher than the Forbes estimate of US$60 billion, because Forbes is not aware of Bi'an's complete investment portfolio and actual revenue situation.

Chen Mo stared at the number in a daze.
I didn't expect that in just a few years, I would create a peak Evergrande. There is no song and dance troupe on the other side.
Is this the richest man? Or the richest man in the world?
Coming back to his senses, he carefully looked at the calculation details in the report:

The annual revenue of Bi'an Group is approximately RMB 2537 billion. As a private company, referring to the high profit margins of the Internet industry, the valuation is estimated to be approximately RMB 4 trillion (approximately US$1 billion) using a price-to-sales ratio (P/S) of 1600 times.

For comparison: In the same year, Huawei's revenue was 5216 billion yuan and its valuation was 2 trillion yuan; Tencent, which has similar business, has a market value of approximately 1 trillion Hong Kong dollars (8000 billion yuan).

In the headquarters of the Bi'an Group alone, Chen Mo's 51% stake is worth more than US$800 billion.

Important investment projects of Bi'an Venture Capital include:
ByteDance (valued at $700 billion, 51% stake)

Didi Chuxing (valued at $330 billion, 28% stake)

DJI Technology (valued at $120 billion, 24% stake)

Ele.me (valued at $160 billion, 22% stake)

Xiaomi Technology (market value $1200 billion, 18.6% stake)

Nvidia (market value $280 billion, 13.2% stake)

JD.com (market value $800 billion, 8% stake)

These major investments alone are worth $851 billion, and Chen Mo's equity interest is approximately $434 billion.

Other investments include hundreds of companies such as Bilibili (valued at 100 billion), Mihoyo (valued at 10 billion), and spun-off subsidiaries (film, video, cultural and creative, etc.)

Lei Jun’s Shunwei Capital also holds a 16% stake.

All of the above factors add up to a total valuation of $1632 billion.

In fact, on the surface, the scale of the Bi'an Group is far behind Microsoft with a market value of US$4400 billion, Amazon with a market value of US$3500 billion, and Facebook with a market value of US$3300 billion, but it cannot resist the high share of its shares.

Bill Gates holds only 3% of the shares, Jeff Bezos holds 17%, and Zuckerberg holds 28%, but still far less than Chen Mo's 51%. However, Chen Mo is still skeptical about the Forbes list. Apart from him, Warren Buffett is definitely not as little as shown on the list. The old man has more wealth hidden under the surface.

And the same goes for Bill Gates. His 3% stake is worth $144 billion based on Microsoft's market value, while his net worth on the list is $750 billion. Where does the difference come from?

Especially since Deng previously claimed to have made naked donations, his status as the world's richest man remains unshakable. In fact, the essence of his "naked donations" is to transfer his wealth to a foundation led by him, and to achieve tax avoidance and continued wealth growth through capital operations permitted by law.

And according to the information he got, Lao Bi and Lao Ba and other investors cooperated to obtain high returns through investment in start-up companies and other channels. There is a lot of water behind this.
So even though his account figures make him the world's richest man, Chen Mo still remains calm.

Because he knew very well that this was also an "information cocoon" in another dimension.
When the dark fog comes into contact in the form of a game plug-in, perhaps his current assets are simply not enough.

Not to mention foreign countries, there are trillion-level central enterprises in China alone, such as Poly Group, China Resources Group, CITIC Group, and China Merchants Group. These companies have different focuses, but they are involved in all aspects of China's social development. In particular, the last founder can be traced back to Li Hongzhang, and the scale is in the unit of trillions.
There are many foreign companies, including Rockefeller, Morgan, Citigroup in the United States, Barclays in the United Kingdom, Rothschild in Switzerland, Mitsubishi and Mitsui in Japan.
These consortiums have accumulated wealth and power over decades or even hundreds of years, and have a profound impact not only on the global economy, but also on international relations.

As for South Korea's Samsung? It doesn't even make the list. It's just a pawn controlled by one or more companies.

Samsung can only influence the economy of their own country, but these conglomerates can influence the world.

So even with Chen Mo's current status, all he can access is just a vague outline.

After all this thought, Chen Mo felt that his time was still very tight. After all, what he might face in the future might be the foundation accumulated by the enemy over the past hundred years.

Chen Mo rubbed his temples and brought his thoughts back to reality.

At present, the chess game of the domestic market has not been fully decided, and the industry atmosphere is far from the ideal state he expected.

It would be too ambitious to think about the affairs of those international chaebols now.

He secretly rejoiced that Booth didn't seem to have figured out all of his cards, which gave him room to continue to bide his time.

Looking at the astonishing figures in the financial report, Chen Mo knew better than anyone that these so-called valuations were just wealth on paper before they were listed and realized.

Although some assets can be cashed out through capital operations after listing, that is a story for the future.

He took out his cell phone to check the balance in his bank account, which was only over 20 billion RMB, less than billion USD.

This figure is in stark contrast to his trillion-dollar fortune: the cash he has at his disposal accounts for less than 1% of his total assets.

"The richest man?" Chen Mo smiled self-deprecatingly.

Forbes ranked him seventh, which he thought was just right, not too eye-catching but still getting the recognition he deserves.

But Chen Mo never expected that in this world, besides himself, there was someone who had full control over the real data of the Bi'an Group.
Recently, the Forbes Rich List has sparked widespread discussion from all walks of life under the continuous coverage of major media.

Especially in the Chinese business community, the impressive achievement of a technology-innovative entrepreneur who has entered the top ten of the world's richest list for the first time and ranked seventh has become the focus of heated discussion among the whole nation.

This achievement is of milestone significance both from the perspective of national image and personal honor.

Because of this, the incident quickly attracted the attention of relevant government departments, and mainstream official media followed up with reports, recording this historic moment in history.

At this point, the name Chen Mo has been officially recognized as the "No. 1 in business."

"Immediately organize a comprehensive investigation of the Bi'an Group and Chen Mo himself."

Following the leader's order, the relevant functional departments quickly took action to systematically collect and organize various information of the Bian'an Group.

The next morning, a detailed investigation report appeared on the leader's desk.

The report shows that the business scope of Bi'an Group has expanded to many cutting-edge fields such as media, film and television, games, social networking, government affairs, network security, chips, cloud computing, smart driving, and artificial intelligence.

When he reviewed the report, the Bi'an Group was like a carefully woven business spider web, with its core business as the hub and radiating to various fields.

Final statistics show that the group's overall valuation is as high as US$2400 billion, equivalent to about RMB 1.6 trillion.

Even though he had seen countless ups and downs, he couldn't help but be shocked by the development speed of the Bi'an Group and Chen Mo. This long-lost feeling of surprise made him realize the extraordinary nature of this company.
What shocked him was not the scale, after all, enterprises of this level are not unique in the country, but he was surprised that this achievement was achieved in just six years.

With this surprise, he began to carefully study the development history of the Bi'an Group:

He started from scratch and earned his first pot of gold of 6 million yuan by developing a group buying website;

By leveraging Xiaomi, the company successfully built the WeChat platform to seize the mobile Internet trend;

Then, we will establish continuous cash flow through mobile gaming business;
Then, we will expand into strategic areas such as cloud computing, commercial operations, and network security.
(End of this chapter)