Hollywood Hunter

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Simon got the 1990 list of the 400 richest Americans the day before the new issue of Forbes magazine was released on September 2.

The next day was September 3, Monday, when the new issue of Forbes magazine was officially released, and a large number of North American media who had been paying close attention to this year’s Forbes Rich List published relevant reports almost simultaneously. Obviously, these media also obtained the news ahead of schedule. Relevant information.

$21 billion!

This is Simon's personal net worth figure published on Forbes magazine's 1990 list of America's 400 richest people.

No suspense first place.

Moreover, Simon has also become the first super-rich person on the 400 richest list in the United States with a personal net worth of more than 10 billion US dollars. Sam Walton, who was expected to win this title, has spread his shares in Wal-Mart among his children.

In addition to Simon, the second place on this year's list is still last year's runner-up John Kruger, but his personal net worth has fallen directly to $5.6 billion, a huge difference from Simon.

Further back.

Third, Warren Buffett, $3.3 billion.

Fourth place, Ronald Perelman, $2.87 billion.

Fifth, Henry Hillman, $2.65 billion.

Outside the top five, sixth to ninth, tied for sisters Barbara Cox-Anthony and Anne Cox-Chambers and brothers Samuel Newhouse and Donald Newhouse , the personal net worth figures are 2.6 billion US dollars.

From 10th to 17th, there is also a long list of ties, namely Sam Walton, who controls the Walton Group, and his four children, Pritz, who controls the famous Hyatt Hotel Group. The two brothers of the Ke family, and finally the founder of Microsoft, Bill Gates, the eight richest people are each with a fortune of 2.5 billion US dollars.

Affected by the economic recession caused by the U.S. debt crisis, the rankings on this year's list have changed a lot, and the assets of many rich people have shrunk significantly. Last year's top rankings were Sam Redstone, Ted Arison, and Ross Pei. The three of Luo directly fell out of the top ten on the list.

The economic recession has caused the wealth of the rich to shrink sharply. This should have been a very important focus of this year's list. However, when the new list was released, almost all the media's attention was focused on a certain name on the list. absorb.

Simon's personal net worth of $21 billion more than tripled from last year's $6 billion.

However, after the detailed listing and analysis of Simon's personal assets by Forbes magazine, the personal net worth of $21 billion has caused much less controversy than last year.

Among the series of assets under Simon's name, the one that has attracted the most attention this year should be the large amount of cash he has continuously earned in the Japanese financial market and crude oil futures market through Cersei Capital.

This cash asset, the figure exposed at the beginning of the year, has reached 4.5 billion US dollars. After the operation of the crude oil futures market in the first half of the year, Forbes magazine estimated that Simon's overseas cash assets should be around 8 billion US dollars. More than Simon's combined personal net worth of $6 billion last year.

Subsequently, "Forbes" magazine gave Daenerys entertainment assets assessment figures of 8 billion to 10 billion US dollars.

According to "Forbes" magazine, in order to avoid the controversy caused by last year's valuation, "Forbes" invited a number of Wall Street financial and accounting teams to participate in the valuation this time, and finally came up with a valuation range of 8 billion to 10 billion US dollars .

Is Daenerys Entertainment worth so much?

In response to this doubt, "Forbes" magazine gave a company financial report of Daenerys Entertainment for the first half of 1990. The net profit after tax of US$573 million in just two quarters exceeded any of the seven Hollywood giants. .

Moreover, with the follow-up videotape, TV, derivatives and other channel income of its super blockbuster films, as long as there are no serious project failures and losses in the next few years, Daenerys Entertainment will be able to maintain the annual income in the next two to three years. The scale of net profit at the level of 1 billion US dollars.

Comparing Fortune Magazine's list of the top 400 U.S. companies in the first half of the year, among the companies with a net profit of $1 billion in the previous fiscal year, Boeing, the company with the lowest market value, has a recent market value of $15.6 billion. Johnson \u0026 Johnson's two daily necessities giants with a net profit of $1 billion also have a market value of $21.8 billion and the other $18.6 billion.

Therefore, in terms of profit scale, the valuation of Daenerys Entertainment of 8 billion to 10 billion US dollars is definitely low.

At the same time, Daenerys Entertainment owns three film labels with a large number of blockbuster projects, Daenerys TV Company, 35% stake in Blockbuster, Blizzard Studio, 35% stake in ea Company, potential gold mine level Marvel Entertainment and dc movie universe rights and so on, these real assets are enough to support the huge valuation of Daenerys Entertainment.

Obviously, it is only the cash and Daenerys Entertainment held in Simon's personal name that add up to the figure of Simon's personal net worth given by Forbes magazine.

In addition, the Westeros Corporation has a large number of listed and unlisted corporate assets under its name.

Of the batch of listed technology companies purchased during the stock market crash in 1987, there were still 19 remaining companies, with a total market value of more than $26 billion.

Among them, Microsoft and Intel, which are heavily owned by Westeros, have a current market value of $6.3 billion and $7.6 billion, respectively, but these two companies

The 20% and 15% holdings have brought Simon a fortune of more than $2.5 billion.

Other companies such as Sun, Oracle, AMD, Silicon Graphics, Adobe, Autodesk, etc., Westeros' holdings are also worth $1 billion.

Combined, the 19 publicly traded tech companies have brought Simon a personal fortune of $3.5 billion.

In addition, unlisted Cisco, America Online, Igret, etc., as well as overseas Nokia and Melisandre, a non-tech enterprise, even if only the shareholding of Westeros is calculated, the total value of these assets is Also between $1.5 billion and $2 billion.

Moreover, among the personal assets under Simon's name, a Cersei Capital will be added this year.

This large-scale private equity fund, which officially set up its headquarters in New York at the beginning of this year, has only operated twice in the Japanese financial market and crude oil futures market, which is enough to make the industry look at it with admiration. Even conservatively, the value will not be less than $1 billion.

Finally, a large number of real estate and land assets in Simon's name must be counted, and the valuation also reaches 500 million US dollars.

All that together, minus the less than $1.5 billion in liabilities for the entire Westeros system, Simon's personal fortune is roughly between $21 billion and $23.5 billion. What Forbes magazine takes is only the lowest value of this valuation range.

But even this conservative figure of $21 billion creates a series of unprecedented numbers.

Not only is the first super-rich person in the United States with a personal net worth of more than 10 billion US dollars, Simon is also destined to surpass the Japanese real estate tycoon Yoshiaki Tsutsumi in the 1990 list of the world's richest people released by Forbes and become a global billionaire. richest man.

Facing Simon's personal net worth figures on the Forbes list, the general public can only envy, admire, and question, or imagine what the $21 billion means and how many things can be bought, but the US capital market is listed in Forbes. After the announcement of the list, a very direct feedback was made.

Listed companies related to the Westeros system, whether it is technology stocks such as Microsoft and Intel, or other industries such as Blockbuster or ea, all saw their stock prices rise significantly in the following week.

The "Westeros Combination" of the year was also frequently mentioned by the media again.

Immediately afterwards, in order to ride the wind of Simon’s personal net worth on the Forbes list, Oracle hurriedly announced the previous quarter’s financial report on September 6.

For the June-August 1990 fiscal quarter, Oracle posted $207 million in revenue and a loss of $36 million.

In the quarterly earnings report, Oracle very frankly admitted that the aggressive expansion strategy and wrong sales practices adopted in the past two years were the main reasons for this loss, and said that the company would be adjusted significantly. In the subsequent resignation, a large-scale layoff of about 400 people will be carried out to reduce the operating cost of the company.

Not only that, in the personal letter to shareholders attached to the financial report, Larry Ellison confidently stated that the company is under control, and specifically pointed out the previous increase in Oracle by Westeros.

If it weren't for the build-up in Westeros, the massive $36 million loss in a single quarter, and the company's missteps in corporate strategy that Oracle was only finally admitting to this point, it would have made countless angry shareholders want to take Larry Ellison Press and rub on the ground.

However, the fact is that after Oracle's quarterly earnings report was released on Thursday, September 6, the company's stock price did not plummet as expected by Wall Street analysts on the following two days on Thursday and Friday. The single-day trading volume was 80% lower than before the quarterly earnings release.

Obviously, many shareholders are no longer rashly selling Oracle shares, but are starting to wait and see.

Some Oracle shareholders who can connect with the Westeros system also tried their best to inquire about Simon's attitude towards Oracle.

On the following Saturday, Oracle made another announcement that in addition to Westeros company president James Raybould, Carol Bartz, president of Westeros Inc.'s Igret, would also join Oracle. Board of Directors. The Westeros company then officially issued a statement in support of Oracle's current chairman and CEO Larry Ellison to continue to manage the company, while Westeros will continue to hold Oracle's stock for a long time.

The official statement from Westeros has temporarily calmed shareholders who have lost patience with current management as Oracle stock has fallen 70% in the past year. Some shareholders, even if they are still unhappy with Larry Ellison, I also understand that under the combination of Westeros and Larry Ellison, it is unlikely that other shareholders will want to replace the current management.

However, the voice of the naysayer is not without it.

The Wall Street Journal considered Simon's folly to continue to increase his holdings of Oracle stock and support the current management who has made serious business mistakes. If Westeros sold its shares at the peak of Oracle's share price last year, Simon could have made more than a 500% return on investment in recent years.

And, even if you still want to hold on to the company, it is necessary to replace the current management.

The Wall Street Journal also cited Apple as an example.

After ousting founder Steve Jobs, who once cost the company huge losses due to an unrealistic Macintosh project, Apple's revenue and profits have continued to grow in recent years, even as the federal stock market recently succumbed to the war. Because of the decline across the board, Apple's market value has exceeded 6 billion US dollars.

Simon can roughly understand the purpose of this article

is not so simple.

Rumors of problems within Oracle have not been around for a day or two, and many short sellers on Wall Street have recently been shorting Oracle's stock before the release of Oracle's new quarterly earnings report.

Now, because of Simon's strong support, Oracle's stock price did not drop as expected after the release of the new quarterly earnings report, and even rebounded to a certain extent. Those who shorted Oracle's stock will naturally not be reconciled.

In addition to the Oracle issue, since the issue of Forbes magazine on September 3rd, various invitations flooded to Simon like a tide, and the eyes of countless media also refocused on Simon, and his every move began to prepare again. attention.

In order to avoid the planned two-line operation plan leaking ahead of time, Simon had to temporarily throw off a large number of reporters who were chasing and blocking reporters and flew from New York to Chicago. "Home Alone" has been completed, and although people can send the demo to Los Angeles, Simon still flew to Chicago to watch it himself, and hide by the way.

After watching the demo of "Home Alone" and discussing some details with John Hughes, Simon once again threw away the reporters who heard the news and flew from the north of the United States to the south of New Mexico to visit the "Terminator 2" crew.

Although there were many chapters in advance, after "Terminator 2" officially started filming, Cameron only stopped for a while at first, and these days it germinated solidly.

After checking the shooting progress of the film, Simon no longer has any expectations for Cameron to complete "Terminator 2" within the budget. Fortunately, after the failure of "Abyss", Cameron has restrained in the end, according to the system According to private estimates given by the filmmakers, the project should be completed within $70 million.

Considering the box office potential of "Terminator 2", $70 million, although $20 million over budget, is actually within Simon's range. After the visit of "Terminator 2", Simon simply went to the "Desperados" crew in North Carolina on the east coast of the United States.

After walking around the United States for a long time, he probably realized that the cost of tracking Simon Westeros was too high, and he finally calmed down around him.

On Saturday, September 8, Simon quietly returned to New York again.

Although Simon himself could not be traced, the news about him did not stop.

During this week, not only Oracle, but also topics such as Simon's personal wealth and what he is doing and what he is doing are emerging in the media. On the day of returning to New York, in addition to the change of Oracle's board of directors, the West Coast "The Hollywood Reporter" also suddenly exploded. The news that Daenerys Entertainment is planning to acquire mca.

Because it is Saturday, the impact of this news cannot be directly reflected in the mca stock price, but it is impossible not to face it.

Moreover, this week, media controversy about Simon's $21 billion net worth has also come one after another.

In any case, 22-year-olds have far surpassed countless deep-rooted old-fashioned wealthy families with just a few years of accumulation. Even in Western countries that are very open to private wealth, this is too shocking. .

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