Chapter 3895 3897 [One billion funds]
Xiang Nan successfully received a financial investment of US$50 million from Sam Walton, and he subsequently released the news.
However, the outside world is skeptical about this news.
On the one hand, US$50 million is not a small amount. Sam Walton has become the richest man in the United States, with a net worth of only US$3.5 billion, most of which is Wal-Mart stock, so it is not easy to come up with 50 million.
Moreover, although Xiang Nan successfully predicted the August 7th stock market crash, his popularity increased. But that and actual investment are still two different things.
After all, investors can look at the market and make sound analysis, but making money from the stock market is the real hard skill. At present, Xiang Nan does not have any actual results to back him up;
On the one hand, Sam Walton has always been frugal and cautious about investments.
Many investment banks on Wall Street wanted to help him manage his finances, and they created many financial management projects for him. However, the old man didn't know how to do it. No matter what the investment banks said, they didn't believe it at all.
The investment banks on Wall Street have long given up thinking that he does not know how to manage clients' finances at all, so they have blacklisted him. Now when I heard that Xiang Nan had received his 50 million US dollars in financial investment, I naturally didn't believe it.
However, external doubts soon dissipated.
Because Sam Walton himself stood up and said that he had indeed invested 50 million US dollars in Xiang Nan's financial management company, and expressed that he highly recognized his financial management ability.
As soon as the news came out, the outside world was in an uproar.
“Hasn’t he never trusted investment banks? Why would he invest US$50 million?”
“Fifty million US dollars, this is not a small amount. Why not invest it for us?”
“Don’t you think he won’t accept entrusted investment? Why can he get 50 million US dollars in investment?”
Economic consultants at major investment banks are scolded by their own managers.
Not only because fifty million US dollars is a huge investment, but it can earn them hundreds of thousands or even millions of US dollars in commissions every year.
More importantly, as the richest man in the United States, Sam Walton is very directional.
When he invested money in Xiang Nan, it was equivalent to using his reputation, status, and credibility to guarantee Xiang Nan. As the richest man and business tycoon in the United States, his fame, status, and credibility are almost invincible.
Hence, although Xiang Nan’s wealth management company has just been established, after receiving investment from Sam Walton, it is destined to become popular in the investment banking industry. I don’t know how many wealthy people will rush to invest money in his company.
Although there are many wealthy people in the United States, there are more investment banks. Generally speaking, there is more money than enough.
When the wealthy invest in Xiang Nan, other investment banks will definitely face losses, and this is what they fear.
…
Facts have proven that these investment banks’ concerns are indeed justified.
Because of Sam Walton’s endorsement, Xiang Nan’s investment bank soon received a large number of clients, all of whom were willing to give their money to Xiang Nan for investment.
Xiang Nan’s fund size has rapidly expanded to one billion U.S. dollars. Compared with major investment banks such as Goldman Sachs, Merrill Lynch, and Lehman Brothers, which manage hundreds of billions of dollars in assets, it is certainly not worth mentioning.
So it’s really quite good to have a scale of one billion. In time, it may become the sixth largest investment bank in the United States.
With these clients, Xiang Nan quickly established his own network of contacts, including rich people, politicians, celebrities, farmers, old money, and so on. They believe that Xiang Nan can help them make money, and Xiang Nan just relies on their connections and strength to protect the safety of his property.
Xiang Nan then began to invest in the stock market, futures, bonds, etc., and moved out of the Silicon Valley community with Qiaogu to the famous Los Angeles.
In Beverly Hills, he bought his first mansion for $5 million.
This mansion covers an area of 20,000 square meters and has five bedrooms, six bathrooms, swimming pools, gardens, courts, garages, bars, entertainment rooms, fitness rooms, private cinemas, etc.
At the time in Beverly Hills, this was considered a top-notch mansion.
And Xiang Nan also took advantage. Because the owner of this mansion had just suffered heavy losses due to the 1987 stock market crash, he had to choose to sell the mansion to make money.
At normal prices, this mansion could be sold for tens of millions of dollars. But now due to the stock market crash, many wealthy people have suffered heavy losses.
In this case, even as wealthy as them, they would temporarily choose to save money, so Xiang Nan took advantage of him.
…
“Dagang, this house is bigger than our village.” Qiao Gu said to Xiang Nan in surprise.
She walked around their village for about ten minutes. But it would take twenty minutes to go around the house.
“No, it’s smaller than our village.” Xiang Nan waved his hand and said with a smile, “Our village still has so many mountains and so many fields.”
“Are we considered big capitalists now?” Qiaogu asked again curiously.
“Yes, and he is a real capitalist.” Xiang Nan nodded and smiled. He now has capital in his hands and has no involvement in any industry.
“It’s really something you never dreamed of.” Qiaogu said with emotion.
Ten years ago, it was a problem for them to even have enough to eat. Ten years later, they were living in such a huge mansion, with ten servants alone.
If someone had told her ten years ago that she could live such a life, she would have thought they were talking nonsense.
"Since you married me, of course I will give you the best life." Xiang Nan said with a smile.
“But it’s just that I’m living so well, and I feel a little bit unbearable.” Qiao Gu waved her hands and said, “Da Guang, since we have so much money, why not give back to our hometown.”
They made so much money, but apart from sending money home, they did nothing for the folks in Chenjia Village. Qiaogu is a kind-hearted person, but she feels a little uneasy in her heart.
"I know, but it's not the right time now." Xiang Nan waved his hand and said, "I promise you, in a few years, I will definitely return to the mainland to invest."
He thought that he would return to Yiwu to invest in 1992 and help build factories to produce hardware, clothing, footwear, toys, home appliances, etc., and then ship them to the United States and even sell them around the world through his own channels.
But the timing is not very good now. On the one hand, the general environment is not stable enough and is still somewhat volatile; on the other hand, his foundation in the United States is not yet stable.
Daguang Private Equity Fund has just been established. Even with the guarantee of Sam Walton, those investors cannot fully trust Xiang Nan before seeing actual benefits, and their alliance of interests is naturally not reliable.
In this way, it is not easy for Xiang Nan to use his influence to help expand channels for Yiwu products. So he also needs time to prove himself.
(End of this chapter)