Reborn in 2010, the AI in my mind is too powerful.
Chapter 286 One step per year
The Forbes list of billionaires remains dominated by the Mexican telecommunications tycoon Carlos Slim's family. His net worth is estimated at $740 billion, marking his fourth consecutive year as the world's richest person.
People are used to this, and due to the limitations of Mexico as a country, they don't know much about him. When he is mentioned, people instinctively think of things like collusion between officials and businessmen.
So the one who really caused a sensation was Chen Yiran, who ranked second.
Last year, Chen Yiran's $510 billion valuation was considered by many economists to be a bit of an underestimation, but this year's $700 billion valuation is considered by many economists to be a bit of a high one.
The main reason is that although Aurora Group has carried out many large-scale mergers and acquisitions, the acquired companies are all good, including leading companies in servo motors and many machinery manufacturers, with very stable cash flow. Coupled with the company's original businesses, especially the stable licensing fees in EDA, its financial situation can be described as quite good.
However, none of the long-term plans have been realized yet. The company is not a listed company and its financial data has not been disclosed. It can only be vaguely felt that a huge amount of funds have been invested in research and development.
Most economists would instinctively think of a bubble in this situation. In their view, economic development either progresses or regresses, and Aurora Group's valuation certainly cannot increase this year; it might even need to be reduced appropriately.
Forbes knew there would be controversy, so, just like last year, it included a feature article with the list, titled "The World's Richest Person Next Year."
"Although we don't have very detailed data on the development of Aurora Group this year, based on the industry share of Aurora's various subsidiaries, we can say with certainty that Aurora Group is developing steadily compared to last year."
However, this is not the main reason why we directly overestimated Chen Yiran's net worth by nearly 20 billion. We divide his net worth growth into several parts.
First is Steve Jobs' estate, which is also the fastest appreciating asset in Chen Yiran's possession this year. As we all know, after Jobs passed away, he made a very surprising move. He gave half of his Apple shares to Chen Yiran. This amount of shares is not large, but it successfully tied Chen Yiran to the Apple bandwagon.
We have confirmed that at the board meeting at the end of last year, Apple's management received a further share of equity, and Chen Yiran now holds approximately 1.5% of Apple's shares. Since he joined Apple, the company's stock price has more than doubled in a year and a half and is now heading towards a trillion dollars. This represents an increase of over ten billion US dollars in Chen Yiran's assets.
Secondly, Chen Yiran's purchase of the McLaren team last year led to a significant boost in McLaren's sales. Thanks to Chen Yiran's skill, McLaren won the Drivers' Championship again after a three-year hiatus, and the Constructors' Championship after a 14-year absence. Coupled with Chen Yiran's inherent popularity and media attention, this resulted in a substantial increase in McLaren's sales.
They have surpassed Ferrari to become the most sought-after team by GG in the F1 paddock. Although the FIA has imposed many restrictions on McLaren's technology and repeatedly demanded that they share it, we are not convinced that these can stump our young technical geniuses. We estimate that the McLaren team is now worth at least $40 billion.
Other assets, such as the value of AMD shares, the small positions Chen Yiran occasionally flaunts on Twitter, and the gradual increase in Aurora Group's market capitalization, can also be estimated at around 50 billion US dollars.
Therefore, we ultimately valued Chen Yiran at $700 billion. Of course, we all believe that barring any black swan events this year, Chen Yiran has a very high chance of becoming the world's richest person next year.
This press release did not dispel the concerns of most economists, who generally believe that Chen Yiran's net worth should be around 650 billion, still behind Bill Gates's 670 billion US dollars.
However, recently the media has begun to show a clear division, with supporters and opponents of Chen Yiran forming a distinct camp. Comcast hired a bunch of economists to try to convince the public that Chen Yiran's Aurora Group is a huge bubble.
Apple's stock price was also a bubble. Their acquisition of Disney was similar to AOL's takeover of Time Warner in 2001, taking advantage of the dot-com bubble and its inflated stock price.
Before Disney's television network could launch a large-scale counterattack, Warner Bros. made its move, preparing to curry favor with the future boss.
CNN, as Warner's top news network, began to aggressively promote Chen Yiran. They also cleverly interviewed many online novice investors who had blindly bought stocks related to Chen Yiran.
A plumber in his forties excitedly showed everyone his son's scholarship acceptance letter during the live stream: "Look, this is my son's scholarship acceptance letter. My son wasn't a very good student before, and initially, given our family's circumstances, we weren't even prepared to send him to university!"
After all, college tuition is a bit expensive. We live in Martinsville, Virginia, where the economy is in a bad state. It seems that the unemployment rate is now in double digits. Everyone is poor, and they can't even afford to fix a broken water pipe.
But I know my son has always longed for college life; he really likes the University of Virginia. However, he's very sensible and has always pretended not to care. He knows that even with the special treatment for in-state students, the tuition is still over $12,000 a year.
But I made one last effort! Two years ago, I secretly used all my family's savings to buy stocks! Specifically, the Chen Yiran sector, and a year later, $7,000 became $20,000!
Two years ago, Steve Jobs passed away. Although his things were extremely expensive, he was still wise enough to give his stocks to Chen Yiran.
So I bought Apple stock too! This time I gritted my teeth and went to a professional stock firm for financing. Although my credit is not very good, they thought buying Apple was not high-risk, so they still gave me a one-to-one allocation. I bought $4 worth of Apple stock!
It's quadrupled in value now! I've earned enough to cover my son's tuition, food, and lodging!
But my son is even more ambitious. He trusts Chen Yiran more. He's studying materials science in school and hopes to work for Chen Yiran in the future. He worked very hard, earned a scholarship, and then told me absolutely not to sell the stock. He believes that in the future, the stock will at least multiply several times over!
The program that day greatly encouraged stock market investors who believed in Chen Yiran online. The following Friday, on the last trading day of the week, Apple finally broke through the one trillion dollar market value mark with the help of the program.
That day, CNN's headline read: Apple's market capitalization is now equivalent to the combined value of the second to fourth-ranked companies.
If Apple were compared to a country's GDP, its economic size would rank after Germany, surpassing France and the United Kingdom, placing it among the world's top five economies.
Chen Yiran tweeted, directly targeting Forbes magazine's official account: "Should we recalculate?"
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