Ah Long was right about one thing: when they were making money together in the treasury bond market, they put in a lot of money, but in the end, they only got a small portion.
Later, everyone came to Shenzhen, and all that money was converted into shares.
He admitted that Chen Dong had given everyone a considerable number of shares, and if they were sold now, each person could earn at least tens of millions.
Tens of millions in the mid-1990s is equivalent to hundreds of millions of yuan in today's world. Even if you're terrible at managing money, if you bought real estate with all that money, you wouldn't have to do anything; the appreciation of those properties would be more than you could ever spend in your lifetime.
And how much are house prices now? Although they've risen a bit in recent years, generally speaking, the price per square meter is only two or three thousand yuan. And this is still in Beijing.
If it were located in a third- or fourth-tier city, the price would be even lower.
Of course, the housing prices in Yanjing at that time could not be compared with those in Shenzhen. The most representative example is that in the 1980s, Shenzhen had just welcomed Hong Kong real estate investors and built the first commercial building in the country. At that time, houses were not sold by square meter, but by unit.
In terms of price, that translates to between 1500 and 1700 yuan per square meter.
This was back in the 1980s, and at the same time, how much did real estate in Beijing cost? One property in Shenzhen could buy three or four properties in Beijing.
“Brother Fei, Brother Long, I know what you’re talking about, but that’s all in the past. Think about it carefully. If it weren’t for Brother Dong, the three of us might all be in jail right now.”
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