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Text Chapter 1618 Controversy over the world¡¯s richest man

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    The "Forbes Annual Series Ranking" basically comes out at a different time every year, sometimes in February or March of the following year, sometimes at the end of the year.

    This year¡¯s Forbes lists were released on January 6, 2014.

    There is no doubt that what everyone is most concerned about this time is whether Xiao Qi will be ranked as the world's richest man in the "Forbes World's Richest List" and how much assets can be assessed for him.

    "Fu Run Rich List" has been compromised by public relations. Everyone hopes that "Forbes World Rich List" can be more fair.

    When the results came out, everyone still felt a little disappointed.

    It¡¯s true that the world¡¯s richest man is Xiao Qi. Basically, there is not much suspense about this.

    But Forbes rated Xiao Qi¡¯s assets at only 96.3 billion U.S. dollars, which is more than 30 billion U.S. dollars higher than the second-ranked Bill Gates, and more than 40 billion U.S. dollars higher than the third-ranked Mr. Buffett.

    This is completely a black box operation!

    Public opinion was in an uproar for a while.

    Forbes, which received a huge public relations fee of 100 million U.S. dollars, had already made preparations. It also released a clarification and evaluation of Xiao Qi.

    ¡°First of all, let me explain that this list is based on data collected and confirmed before December.

    We know that everyone has an estimate of Mr. Xiao Qi¡¯s wealth of about 300 billion US dollars, but we must explain that the valuation of Mr. Xiao Qi¡¯s two major sources of wealth: DreamPad and the App Store are actually one  The very high premium valuation is not proportional to the value generated by these two brands.

    For example, the DreamPad has been on sale 13 times as of the end of November.  The total sales volume is 86.465 million units. Including other optional accessories and limited edition costs, the total sales volume is about 70 billion US dollars.  But you don¡¯t know that the patent fees, hardware production fees, and operating costs that DreamPad requires are very high.  Basically accounting for about 80% of the selling price.  So based on common sense in economics and its life cycle, our correct valuation is around US$40 billion.

    Similarly, although app stores are becoming more and more popular, don¡¯t forget that app stores only get 30% of sales.  Among this 30%, you still need to pay huge fees for website maintenance, program store processing, etc., and the profit is only 10% at best. It has even been losing money in recent months due to heavy investment in cloud computing and cloud storage.  Therefore, the previous purchases of Apple and Samsung at a valuation of US$200 billion were not motivated by financial interests.  It lies in the consideration of industry competition.  Therefore, our correct valuation is around US$60 billion.

    Of course, if Mr. Xiao Qi lists these two companies, then Mr. Xiao Qi¡¯s net worth will be at least about 230 billion.  But it is a pity that according to our understanding, Mr. Xiao Qi has no plans to IPO these two core assets.  Private holding remains his first choice.

    In addition, the assets owned by Mr. Xiao Qi, such as DreamStars, which will be launched in December.  Because it has just been prepared for sale, detailed data has not yet been obtained, and it is impossible to make a good valuation.

    Other shares of WeChat, the world's number one instant voice messaging tool, Xiaoniao.com, Mingxiang Holdings North American Laboratory, and Xiaoyao Logistics are all private companies, so we are also unable to know the details.  The number of shares can only be approximated. We are in a hurry and are limited by our ability and information. I am very sorry.

    The editorial department of Forbes knew that after this valuation came out.  We will definitely encounter a lot of criticism.  Just like there are 100 Hamlets in the eyes of 100 people, everyone's valuation of Xiao Qi's family property is definitely different from what we have tracked and calculated.  But we feel that everyone¡¯s mind should not be on debating these things, we should focus on more meaningful things.

    We admire Mr. Xiao Qi, a super genius who just turned 20 this year.  He is more dazzling than his predecessors Bill Gates, Zuckerberg, etc.  What he brought to us was not a dazzling rich man, but the positive significance he gave to technology in the world.  When smart electronics open a window, our lives will usher in more incredible beauty.

    According to what Mr. Xiao Qi told reporters, within the next five years, Fairy Company will bring many smart electronic devices, not just smartphones and tablets.  We look forward to the performance of this talented young man, and also to our future lives, where we can enjoy the fun brought by technology even more.  "

    All right.

    Although this article is written in a very inspiring and humanistic way, it is just to deceive ordinary people who don¡¯t know the details.

    "At least Gang Leader Qiao took a look at it and threw it aside. He sneered at his wife and said, "What do you mean?Wonder if you have money and nowhere to spend it?  The public relations fee is much higher this time!  "

    Li Jianxi also smiled brightly. Xiao Qi's method was different from his. His wealth was spread among hundreds of companies directly and indirectly controlled by Samsung, making it impossible to find out how much he had. Xiao Qi just used  The simplest method is simply to cover up others' eyes and ears, and will also be criticized by others.

    Wall Street professionals also have great doubts about this.

    More professional people are still criticizing Forbes, believing that they have become more and more unfair in recent years.

    "I don't want to say how much Xiao Qi's DreamPad and App Store are worth, nor do I want to say that you think it's difficult to estimate wealth in China. But you Forbes should at least include the true valuation of Mingxiang Holdings' North American laboratory, right?  You can't say the valuation? So based on the patents they have and the price at which Xiao Qi purchased the companies, they should be valued at US$5 billion, right?" -  Thanshry Lope, editor-in-chief of the Wall Street Financial Times.

    "Tsk, tsk, is Forbes a blind company? Have you forgotten that on December 31st, Goldman Sachs, Merrill Lynch, Citigroup, Lehman Brothers and Bear Stearns had delivered $5 billion in betting bets to Xiao Qi?  The world¡¯s largest bet by private individuals and investment banks is not included in your count? Oh, I understand, you can say that the list was completed before December, so you didn¡¯t see it?¡±¡ª¡ª  "New Jersey Business Times" Deputy Editor Zel Kabu.

    Of course, Xiao Qi is not a gunman without a public relations company.

    "I think these people are funny. Xiao Qi's money is not yours. Why are you so angry? Xiao Qi's companies are private companies. As long as he does not disclose the share composition, there is no way to know. Does he have any  Occupying a majority of the shares of DreamPad and the App Store, do you know that Forbes conducted eight months of follow-up visits and came to a conclusion that is much more fair than just speaking with one mouth, right?" - "Celtic"  Weekly column reporter Ruo? His real name is Te.

    "Listening to some people's valuation of DreamPad and the App Store, I laughed! Do you still remember when YAHOO's market value was 205.5 billion US dollars, Cisco 555.4 billion US dollars, and Microsoft 624 billion US dollars? That time was really a reflection of their true value.  Why is a company that has only been established for just two years and has two good ideas valued so highly? Who is willing to spend so much money to buy it? What do you think?  It¡¯s high enough! Xiao Qi¡¯s real wealth should be around 40 billion U.S. dollars, ranking third in the world!¡± - Andy Cole, Editor-in-Chief of the London Financial Times.

    "Americans are so fond of boasting. What is the market value of Nokia? How many mobile phones does it produce and how much market share does it occupy? The tablet market occupied by DreamPad is itself a niche product. Why is it valued so much?  High? Do I understand that they want to design another bubble to make us stupidly buy it? It is said that Xiao Qi only earned more than 20 billion US dollars in the past year, but he owed money to several banks in China.  The loan exceeds 150 billion U.S. dollars. How much does the world's richest man have left after deducting loans?" - Jean Dickigny, a famous economist on France 2.

    ""

    No matter how fierce the debate is, as Forbes said, none of Xiao Qi's companies have been listed. You think the valuation is high, I think the valuation is low, so what's the problem?

    Because there is no real reference at all!

    This is also the biggest reason why Forbes dared to accept $100 million from Xiao Qi. Otherwise, no matter how they wanted the money, they would not be able to justify it.

    Even so, they still quietly gave Xiao Qi a lot of advice.

    For example, you can learn from Gang Leader Qiao and set up a private management fund to separate many shares.

    Or by setting up many offshore companies to hold the company's shares separately.

    This can not only reduce tax risks, but also maintain a sense of mystery.

    Not only the European and American countries are arguing non-stop, domestic newspapers, magazines, online reviews, etc. have also launched full comments. Some think it is fair, some think that it is not enough, and some even drag out the Fu Run rankings and slap them in the face.  of.

    However, everyone argued over and over again, and it was because of the long-term authority of Forbes and Fu Run that in the end there was no result.

    As everyone knows, the young man is most depressed right now. Grandma, I have never heard of anyone paying someone to belittle themselves. This young master, I have set a precedent for a generation!

    PS: This morning, when I opened the monthly ticket list, wow, at least 25 of the top 30 people had leaflets asking for monthly tickets. What a spectacular scene it was!  Much better than everyone else, I am really too shy. I struggled for a long time yesterday, but I was still embarrassed to ask for a monthly ticket.  But brothers, you can't bully honest people. On the 1st, only two brothers gave monthly tickets. How can you bear it?
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