I Want To Be a Rich Man on Hong Kong Island

Zurich Switzerland.

In a villa near Lake Zurich, Wu Guangyao was reuniting with his family;

On the grass in the yard, brother and sister Wu Xianli and Wu Peiyu are playing badminton;

Wu Guangyao and Mrs. Sutton hugged each other on the roof terrace, looking at Lake Zurich not far away.

Although Mrs. Sutton is 52 years old, Wu Guangyao hugs her very naturally and lovingly;

Perhaps, although the two have lost a lot of passion, they have also established a strong family relationship.

Holding Mrs. Sutton in my arms, I also have a feeling of "holding my hand and growing old together".

White swans and wild ducks (mandarin ducks) can be seen everywhere on the lake, leisurely and harmonious;

The north bank of Lake Zurich is known as the "Golden Bank" where the rich live, while the south bank is called the "Silver Bank".

And Mrs. Sutton's villa is on the north bank, and the distance from the urban area is moderate;

Not only is it convenient to travel, but it can also be quiet in the midst of noise!

Of course, for such a wealthy family, it is natural to have 'one set in front of the face, one set behind the back, one set in the urban area, one set in the suburbs, one set in the east, and one set in the north';

Usually, children study and live in a European-style villa in the urban area.

"The environment here is really good!" Wu Guangyao couldn't help but admire.

Switzerland has the safest financial system in the world, and Zurich is the representative city of the Swiss banking industry and one of the largest financial centers in the world;

Meanwhile, Zurich has been named the most liveable city in the world!

Mrs. Sutton said happily: "If you like it, stay here as long as you like!"

Wu Guangyao couldn't bear to dampen Mrs. Sutton's enthusiasm, and said with a smile, "It just so happens that there are many things happening in Zurich this time!"

This time when he came to Zurich, Wu Guangyao came to check the status of the gold he entrusted here to buy for himself;

At the same time, we also need to have some exchanges with the staff of the second family headquarters here.

Since April 1976, the "Guangyao Family Office" has purchased spot gold in Switzerland, London, and Hong Kong, and stored it in the hands of large reputable banks;

The current average purchase price is about 115 US dollars per ounce, about 4 million US dollars per ton, and the global procurement situation is about 500 tons;

Although the purchasing speed was slow due to the large purchase volume, Wu Guangyao was not in a hurry;

Even if it is $200 an ounce, I have to store 1,000 tons of gold;

This thing, you can't lose even if you want to!

And 1,000 tons of gold, based on the average price of 135 US dollars per ounce, is expected to cost 5 billion US dollars;

By 1980, this batch of funds was as high as about 30 billion US dollars.

The investment time spans only 4 years, which is very cost-effective, even more cost-effective than speculating on Tokyo real estate!

"By the way, how is the real estate industry in Switzerland? Is it good?" Wu Guangyao asked with concern.

Mrs. Sutton's business is mainly real estate. The real estate business in the UK has been developing well. Even after immigrating to Switzerland, the British real estate business department is also managed by veterans;

As for Mrs. Sutton, she has opened up real estate in Switzerland these years.

"En! It's very easy to do. I feel that as long as I learn your real estate theory, I can make money in the real estate industry in that country!" Mrs. Sutton looked at Wu Guangyao and complimented her.

But it seems that I was right!

"Well, I've wronged you! If you weren't Chris' mother, you wouldn't be able to have this fortune!" Wu Guangyao said with his arms around Mrs. Sutton.

Mrs. Sutton suddenly tensed up. She looked behind and was relieved to find that there was no one there.

"Didn't it be agreed, we can't mention our relationship anymore, we are sisters! Besides, I enjoy this kind of life very much, I don't need to be a strong woman."

Although Mrs. Sutton is the owner of the real estate company, she never accepts interviews;

Even the power in the company is in the hands of professional managers, and she manages the company behind the scenes.

This is worrying about her identity being exposed and causing trouble for Chris!

Currently, Mrs. Sutton's business includes gh real estate company,

and a portion of MGM;

However, Wu Guangyao also gave a lot of pocket money, and there were always tens of millions of dollars every year, which was used to purchase fixed assets.

.........

The next day, Wu Guangyao and Mrs. Sutton came to the second headquarters of the "Guangyao Family Office" in Zurich (second only to Hong Kong);

Peter Lynch, head of investment management of the family office, first came to the office to report to Wu Guangyao.

It can be said that Peter Lynch has won the heart of Wu Guangyao, even Robertson of the Tiger Fund cannot compare;

Because this is a very loyal financial talent with stable investment.

"Boss, I made an appointment for you to check the vault. UBS will make an appointment this afternoon, and Credit Suisse Bank will make an appointment tomorrow morning. They are accompanied by their presidents, and they have arranged a banquet."

Wu Guangyao nodded, not too surprised by the importance of the two banks!

"By the way, help me organize a foreign exchange investment team, mainly speculating in USD/JPY!" Wu Guangyao said.

"Okay, it will be ready in three days! Does the boss have any suggestions?" Peter Lynch asked.

Peter Lynch knew that the investment department of the 'Guangyao Family Office' did not have much self-invested funds, only a few hundred million dollars;

Most of the funds need to be given verbal instructions by this person, and then the investment team will execute them;

Of course, this boss only understands the general trend, and in terms of details, he has to rely on the family investment team.

However, Qiaqia is such a big trend, which makes people feel very admirable;

Peter Lynch thought to himself, if he had the same money as his boss, he would invest;

Then the rate of return after a few years, I will be crushed by the boss!

Wu Guangyao thought for a while, and roughly talked about his memory: "Since the floating exchange rate with the US dollar has been implemented, the Japanese yen has been rising all the way; from the initial 360:1 to the current 280:1, but I think it will continue. Go higher, in the latest wave, trade me according to the result of 220:1."

Wu Guangyao directly told Peter Lynch the result, and then he became the shopkeeper himself.

Peter Lynch asked again: "The boss's personal funds for this transaction?"

Wu Guangyao implemented the separation of family funds and personal funds, and before his death, personal funds will maintain a much higher ratio than family funds;

The investment of my own personal funds is also through the investment department of the family office, but it is not included in the family fund.

Wu Guangyao nodded and said, "Take out 300 million US dollars and add 5 times the leverage. Let's do it!"

With 5 times leverage, if the 300 million US dollars is to be liquidated, the yen must depreciate by at least 20% against the US dollar, which is obviously impossible;

The appreciation of the yen is a trend. Throughout the 1970s, the yen appreciated to a maximum of 220:1, and then depreciated slightly against the US dollar at 240:1;

In the 1980s, there was a very important node, that is, since 1985, the yen began to appreciate sharply. From the exchange rate of 240:1 against the US dollar, it appreciated to 130:1 in just three years.

You can add up to 100 times the leverage in foreign exchange speculation, and you can double your profit or liquidate your position by floating up and down by one point;

Obviously, it is impossible for Wu Guangyao to operate this kind of gambler's game.

According to the consistent investment strategy, Wu Guangyao pursues stability, which can be said to be a 100% victory (historical major trends, minor trends do not trade);

Originally, adding ten times the leverage would be a sure win, but Wu Guangyao was also afraid that his memory might have problems;

What if there is a 10% depreciation in the middle, and then a sharp appreciation!

However, taking a step back, even if the 300 million US dollars is lost, it seems that Wu Guangyao will not feel sad;

It is equivalent to reminding Wu Guangyao that history has changed, and the advantages of traversers have been greatly reduced!

Just like shipping, according to history, Bao Yugang only went ashore in 1978 in his previous life;

But Wu Guangyao estimated that he had changed the history of the industry, so he began to reduce the number of ships in 1974.

Peter nodded, and then said worriedly: "Boss, your personal cash flow is about 7 billion U.S. dollars, and now you have spent 5.3 billion U.S. dollars to buy spot gold and invest in foreign exchange; plus the investment in Tokyo Disneyland and Hong Kong's fixed assets Invest, your cash flow is a little low, you need to be vigilant!"

Tokyo Disney is expected to invest 700 million US dollars (historically invested 1,500 yen), which is relatively larger than the original historical area and luxurious facilities;

The main investor in Tokyo Disneyland is Disney, part of Wu Guangyao's personal investment, and part of the investment from two branches of the Wu family in Japan.

Hong Kong's fixed asset investment is to buy high-end buildings;

According to the current situation, after another year, a grade-A office building in Central is expected to cost more than 7.8 billion Hong Kong dollars!

Therefore, before he knew it, Wu Guangyao's cash had depreciated a lot!

Heartache!

Thinking of this, Wu Guangyao became very angry and said, "It's okay, even if I don't have a penny in cash, I can borrow 1 billion U.S. dollars within an hour!"

Peter Lynch was taken aback for a moment, but quickly realized;

Not counting the boss's own bank, banks on Hong Kong Island and overseas banks may immediately agree to lend to the boss;

It turns out that Wu Guangyao's companies have extremely low debt ratios, and are sole proprietorships, or hold the majority of the shares;

The important thing is that these companies are generally favored by banks in the world!

"The boss said, since this is the case, I think we should make more use of the loan in the future!"

Wu Guangyao nodded in agreement, and he thought so too!

First of all, Lenovo Group's shares are worth six to seven billion U.S. dollars, and Wu Guangyao intends to borrow money to buy real estate in Tokyo;

Then I still have a large number of assets that can be mortgaged, such as Universal Group, Dongfang Group, Baiyou Group, Zipper Group, etc.;

Thinking of this, Wu Guangyao's heart became hot!

At this time, the trading volume of gold futures and oil futures has increased significantly, can you try it yourself!

You can start investing in gold futures now. In four years, the original increase is more than 600%;

Adding triple leverage, wouldn't it be possible to earn 18 times!

Oil futures entered the market in the second half of 1978, soon followed by the Iranian Revolution and the Iran-Iraq War;

Then the price of oil increased by 250% from $13 to $34;

Add eight times the leverage, and you can earn 20 times!

If these investments go well, Wu Guangyao's personal cash flow can reach US$60 billion in the 1980s.

And Wu Guangyao only needs to invest another 2 billion US dollars into oil and gold futures!

Sure enough, finance is stealing money!

Wu Guangyao said generously: "Then take a loan. I have always been quite conservative in my style; but now that the industries under my umbrella have stabilized and can bring me a lot of profits, I might consider taking a loan as collateral for investment. .Later, let's have a good discussion."

Peter Lynch nodded, the boss was telling the truth!

With a huge industrial chain and continuous and growing profits, the Wu family's ability to resist risks has reached a world-class level.

What's more, as the boss said, investing in solid gold and liquid gold (oil) has much less risk!

In the afternoon, Wu Guangyao took Mrs. Sutton to visit the vault of the Union Bank of Switzerland.

Looking at the mountain of gold, Wu Guangyao was already numb!

"Mr. Wu, here is 98.25 tons of gold, and the accounts are all on it!" The president of Union Bank handed over a stack of documents.

Wu Guangyao took it, glanced at it casually, and returned it to the president of United Bank;

Peter Lynch of his own family office is responsible for these specific details!

These big banks in Zurich have a wide range of businesses and can help customers buy and sell gold spot/futures, cash/foreign exchange, bulk commodities, oil futures, etc.;

They have close ties with the five largest gold merchants in the world, so it is quite convenient to find them for buying and selling physical gold.

Of course, Lao Fengxiang under Wu Guangyao has also become a gold merchant in Hong Kong in recent years, but the number of transactions is relatively small, only about 20 tons a year; after all, the annual import and export of gold in Hong Kong is only about 100 tons tons or so.

"Mr. Ku He, we have been partners for ten years, so don't worry!" Wu Guangyao said.

After complimenting each other, Wu Guangyao suddenly said: "Mr. Ku He, can I mortgage my gold to your bank and then make a loan?"

Ku He's eyes lit up, does this client want a large loan?

Although helping customers buy and sell gold spot, you can also earn a lot of commissions;

But in this era, loans are the most profitable for banks. After all, commercial loans are generally around 12% to 16%.

"Of course! Gold is a fixed asset. We can lend it to Mr. Wu at 80% of the market price, and the interest is only 10%!" Ku He said enthusiastically.

It's costly!

However, because Wu Guangyao's loan amount is large and his own credit is good, the estimated loan rate is 9%, which can be discussed.

Wu Guangyao nodded and said, "If there is a demand, I will definitely consider your bank!"

Just asking, not actually deciding on a loan;

But it may be in demand for a few years!

Ku He is not disappointed either, as long as he establishes a relationship of trust with the richest man, the Future Union Bank will be one of his important partners;

After all, rich people like to keep their assets in Switzerland!

.........

In October, autumn is crisp and clear.

The number of yachts in Victoria Harbor has increased, and Hong Kong has officially entered the era of rich people.

Wu Guangyao and Wheelock Chairman Marden sat opposite each other on the deck of a yacht;

Madden has lost interest because Wheelock's profits have continued to decline over the past few years;

In 1973, Wheelock's recurring profit reached 180 million Hong Kong dollars;

However, affected by the oil crisis in October 1973, in 1974, Wheelock's profit had dropped to HK$69 million;

In 1975, Wheelock's profit dropped to HK$29 million.

Therefore, at the beginning of this month, John Madden, the chairman of Wheelock, intends to sell Wheelock;

Jardine Matheson was the first to contact Wheelock, and Wheelock also agreed to the acquisition;

However, with the intervention of Hutchison \u0026 Co., this acquisition has added suspense!

"Would Mr. Wu be interested in Hui Defeng?" Ma Deng offered to mention it.

At this time, the acquisition of Wheelock was only a verbal agreement, and there was no substantial progress;

So, anything is possible!

Wu Guangyao shook his head and said, "Wei Li is presiding over this matter. I personally don't care! I don't even know what you're talking about, what's the point?"

These words are facts, not Wu Guangyao's tricks!

Moreover, Wu Guangyao knew that the acquisition of Wheelock would never succeed.

Madden nodded, believing what Wu Guangyao said!

Madden said: "Currently, Jardine Matheson and Hutchison are asking us to provide specific plan information!"

Wu Guangyao said: "Hutchison Matheson, Jardine Matheson, and Wheelock Group, the three companies have similar businesses. I think you are unwilling. If the acquisition fails, your business is at risk of being damaged!"

Madden nodded and said, "Our financial company also said the same! Actually, I asked Mr. Wu today to ask if Mr. Wu intends to facilitate this acquisition?"

Wu Guangyao was taken aback for a moment, then looked at John Madden, and found that there was indeed sincerity on his face.

The Madden family of Wheelock, as always, is wary of the mainland, for fear that the other day will take back Hong Kong and confiscate their assets;

Therefore, over the years, the Madden family invested and shipped the money earned from Hong Kong;

These ships are registered abroad, and they are movable assets, which makes the Marden family feel at ease.

The relationship between the two is good, if Wu Guangyao is interested in buying, Madden is happy;

After all, Wu Guangyao will not let him suffer, this is the experience of the two of them working together over the years;

The most classic cooperation is naturally China Gas;

In recent years, with the operation of the oil refinery invested by Towngas in Singapore, it can earn a lot of profits every year;

And the piped gas customers in Hong Kong are increasing very rapidly every year;

Therefore, the management and shareholders of China Gas are all convinced by Wu Guangyao.

Wu Guangyao shook his head and said resolutely: "As for Wheelock, I have no intention of participating in the acquisition. Everything is subject to the actions of Hutchison's management. Mr. Madden, I am actually not optimistic about this acquisition either!"

Madden lost again. If Wu Guangyao participated in this acquisition, at least the Madden family could gain more!

However, Jardine and Hutchison participated in the acquisition, and they first proposed that Wheelock should provide specific plans for the future!

So, how could Wheelock agree!

In addition, the bids of the two companies are also low!

Madden nodded, and said, "Well, I forgot about Mr. Wu's Global Group. They have been selling ships like crazy in the past few years. I think they are not optimistic about the future of shipping!"

Wu Guangyao said: "Shipping is cyclical. If I don't sell the ship, I will lose a lot. So, don't over-interpret it!"

Wu Guangyao knew that the head of Wheelock was a bit stubborn;

Don't look at him now that he is in a slump, thinking about selling Wheelock;

In two years, he will buy ships in a big way, and people really don't know what they are thinking!

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