So his team of consultants and secretarial office worked intensively overnight to buy what he wanted from various consulting firms and corporate service agencies. After sorting and counting the information, they placed it on Han Chudong's desk the next morning, along with a letter of recommendation from consultants and oil industry elites.
Their opinion is that the oil industry has been in a bad state recently, and Getty Oil's position has begun to be marginalized. Judging from the layout of Mason United Group and other businesses, there is no need to take the risk of buying a large number of shares in Getty Oil. It is said that Getty Oil's influence in the Middle East has long been shattered as Saudi Arabia tightened its oil exploration and sales rights. Even Mobil Oil has lost its management rights to Saudi Aramco and can only get some scattered orders.
These advisors suggested that if any investment was to be made, it should be made in Mobil Oil.
There have been rumors coming from Saudi Arabia that it is preparing to buy Mobil's shares in Saudi Aramco. The price may exceed expectations and is still under negotiation.
Most of the time, Han Chudong likes to make decisions according to his own ideas, but he still has a group of think tanks under him. The idea of buying Getty Oil shares is ambiguous and he can buy it or not.
After considering this proposal and the poor overall environment of the oil industry, I finally gave up on this idea. I felt that it would be better to use the money to continue to increase holdings of stocks in companies such as Walmart, or to increase investment in high-tech companies in Silicon Valley. This should bring more profits and influence.
Suddenly I realized that it was probably because I felt bored and subconsciously wanted to step out of my comfort zone, so I thought about Getty Oil Company, which had many competitors and was constantly competing with it both openly and secretly. If I really bought it back, I would probably regret it.
Thinking of this, Han Chudong decided not to act impulsively. He even planned to wait and see for a while before lending money to Gordon Getty to pry open the family foundation, and then make a decision based on the situation.
…
I dealt with some things and met some people in the morning, and then had a simple lunch in the company's cafeteria.
I went back to the office and lay down for a while, then simply asked someone to arrange a helicopter so that I could skip work and go home.
By hiring good employees and handling all the things he could, Han Chudong no longer had to take care of the business himself like he did in the previous two years, which often made him feel like he had nothing to do.
The bigger the business and the more complete the management, the fewer things Han Chudong needs to be personally responsible for, which is always a good thing. However, it also means that Han Chudong has to start looking for other fun things to pass the time.
I stayed at home and read novels until the evening when I went to have dinner with the CEO of Lehman Brothers.
Han Chudong plans to issue US$500 million in corporate bonds through Mason United Group in the near future. The purpose of the transaction has almost been decided. A casino hotel will be built in Las Vegas with an investment of approximately US$250 million to US$300 million. This amount of funds does not need to be invested all at once. The construction period may be as long as three to four years. It is estimated that an initial investment of US$60 to 70 million will be enough.
Therefore, more than 400 million US dollars can be allocated for other investments, covering supermarket chains, home appliance manufacturing and sales, semiconductor production and research and development, and banking and insurance industries. It mainly refers to the second round of financing for Berkshire Hathaway to help it acquire the majority of shares of an insurance company.
Lehman Brothers took the initiative to extend an olive branch, which made Han Chudong think about getting an additional huge sum of money in addition to the 500 million US dollars. He agreed with Bank of America to issue a five-year corporate bond. The current bank benchmark interest rate has been lowered to 5.1%. With such a low financing rate, it would be a pity not to get more money back for investment.
Han Chudong's net worth is mainly concentrated in the company's valuation, most of which is book wealth. It is true that Rainbow Beauty and Mango Toys can make money, but more money has been invested. Since the second half of this year, he has come up with the idea of further improving the company's industry and then semi-retiring behind the scenes. The reason is that he earned too much in the past few years and began to no longer care about those green papers.
The problem is that retirement is easy, but it is not easy to find other fun things to devote yourself to after retirement. At the beginning of this year, Han Chudong bought a ski resort in the Alps, and will soon open a Las Vegas casino hotel. These were all things he spent money on to buy fun, but it seems to have no effect.
I took the time to talk about this with David Rockefeller, the current head of the Rockefeller family. He called the process Han Chudong is going through "super rich disease." In short, it mainly means that when wealth reaches a certain level, it becomes too easy to get anything you want, and there is a lack of pursuit and joy in struggle.
I also asked David Rockefeller how to solve the problem. He joked that he could donate all his property to the government, and then everything would be fine immediately. Or he could do as he did and try to adapt to the pace of life of the super rich.
Han Chudong is a simple-minded person and of course he will not donate the money. He just plans to spend more time enjoying life and regard business as a spice in life so as not to be bored from idleness.
The meeting with Mr. Belle Forde, CEO of Lehman Brothers, went very smoothly. Han Chudong told him that he planned to raise another 300 million US dollars. The other party was willing to calculate the bond interest rate based on the benchmark interest rate. The only requirement was that the listing of Rainbow Beauty be arranged by them and that Lehman Brothers be given priority financing rights. The price would definitely be fair.
After a brief consideration, Han Chudong agreed, and everything went smoothly after that. He had free time until Christmas, when he had a meal with Helena's parents and personally sang a song for the company's employees on the stage the day before Christmas Eve.
He spent this year's Christmas holiday in Hawaii. He had no expectations for the coming year and just lived his life calmly.
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He became the world's richest man in 1975.
There is no wrong version in the 1619 book forum!
In 1976, Han Chudong was still the richest man in the world.
In 1977, the overall financial environment was relatively bad, and Han Chudong's apparent net worth soared to 8.6 billion US dollars.
By 1978, during the Argentina World Cup, his public wealth had staggeringly reached 13 billion U.S. dollars, and the scale of his private business was as high as more than 4 billion U.S. dollars.
It was in this situation that Han Chudong saw the article entitled "Practice is the Only Criterion for Testing Truth" and decided to return to China.
I didn't bring much money, just 30 million US dollars, which I planned to use as start-up capital to invest in some factories and donate to 500 schools...