Six dirty secrets of the hottest business godfathe

2022-10-14
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The six "dirty secrets" of the Asian business Godfather: self-made people are less

they are always full of admiration for the business tycoons in Hong Kong and Southeast Asia, such as Li Ka Shing, Stanley Ho, Xie Guomin, Lin Wutong, Chen Yongzhi, and so on, and call them the "Godfather" of wealth. However, their way to wealth may not be so glorious. "The godfather of Asia: money and power in Hong Kong and Southeast Asia", written by Stawell, revealed their "dirty" history of wealth and secrets

the people of business tycoons in Hong Kong and Southeast Asia, such as Li Ka Shing, Stanley Ho, Xie Guomin, Lin Wutong, Chen Yongzhi, are always full of admiration and call them the godfather of wealth. However, their way to get rich may not be so glorious. "The godfather of Asia: money and power in Hong Kong and Southeast Asia", written by Stawell, revealed their dirty history of wealth and secrets

Lin Xingzhi, the first Jianbi of Xiangjiang, wrote a comment saying that many contents of this book need to be clarified by the Godfathers themselves

1. The truth of starting from scratch

Chinese tycoons mostly start from scratch. This is a lie! Only one fifth of those who really started from scratch. Most tycoons, to some extent, start from their ancestors or fathers. Most of the merchants who have really developed in this region are the second generation rather than the first generation

these rich people are either from superior families or have become sons-in-law of superior families. Of course, these rich people have indeed raised the wealth of their original families to a new level through their own efforts, but this effort is mainly reflected in the use of existing wealth as capital for political rent-seeking

Li Ka Shing always said how poor he was when he was a child and why he didn't have the opportunity to study. In fact, before he worked for his rich uncle, he studied for several years and then married his cousin. The business he started was financially supported by his father-in-law. There is no doubt that Li is a business genius, but his genius lies in his ability to engage in relationships and transactions. In the environment of free competition, he did not show much ability of investment and management

Stawell pointed out that the Godfathers' favorite boast was that they were born in grass-roots and lived in inhuman poverty in their childhood, which was too exaggerated and untrue; Wang Gengwu, former president of the University of Hong Kong, now a professor at the National University of Singapore and director of the Institute of East Asian Studies, said that I had never seen a coolie born businessman, not to mention the rich. In order to study the social authority of overseas Chinese, Professor Wang's sentence exposed the false statement that many rich and powerful people have successfully fabricated touching stories to show their self struggle and deliberately belittle their origins

Stawell also questioned Li Guobao, the chairman of the Bank of East Asia, who knows the world situation like the back of his hand. Sir Li blurted out that there are many rich people who start from scratch, such as Run Run Run Shaw, Li Zhaoji and Huo Yingdong, who are typical tycoons from scratch. Stawell disagreed. He pointed out that after Sir Shao was a rich textile merchant in Shanghai, Li Zhaoji's predecessor was the successful owner of the Silver Village in Shunde. Huo Yingdong was indeed born in the proletariat, but he received a British government scholarship to attend a famous school (Huangren academy, dropped out of school due to World War II) - in the colonial era, entering a famous school to learn English was equivalent to jumping out of the grass-roots class and taking the first step to success in his career! It is obvious that at the time of the change of power, most of the rich children from the South have nothing, except that they have the genes of the rich class and a good childhood education, as well as the personal education and extensive interpersonal relationships they have been exposed to, which are all advantages that the grass-roots people completely lack

2. Monopoly is not engaged in export industry. Stawell pointed out that these super rich in Asia have two same characteristics in doing business. First, most of them are not engaged in the most prosperous export industry, because they have to face international competition to make an export business, which means that even if orders come in a steady stream and the business is promising, the profits are ordinary. From the perspective of profit-making, doing export trade, especially concurrently operating factories, makes hard money, and it is relatively small profits, so avoiding it is the best policy. Second, the businesses they are more interested in are port terminals, telecommunications services, public utilities, gambling and entertainment, and property development. The common feature of these projects is that they have patents or only a few competitors, so it is easier to form a cartel, and then have a wide range of financial resources. In fact, the most widely used types of materials based on high molecular polymers are all positive. In terms of external economy (trade), Hong Kong is indeed the most free, but its internal economy is not free at all. All industries such as real estate, public utilities and retail are monopolized by oligarchs. In order to block the competition in the retail industry, Li Ka Shing did not allow Carrefour trucks to enter the property area owned by Cheung Kong industries, interrupting the supply of water and electricity

after deducting Li Ka Shing's profits from monopoly assets, market manipulation and insider trading, even with the huge profits he obtained from selling oranges, his investment income in the open market is not higher than that of passive investment. (interestingly, like mainland investors who are keen on making stocks, Hong Kong investors who have been played by Li time and time again have always enjoyed the concept of Superman.)

3. Constantly changing their colors

there are signs that the wealth status of Southeast Asian rich people is directly proportional to their degree of de Chinalization: the deeper they integrate with local culture, the higher their status

of course, to be more precise, their wealth and status have little to do with their cultural essence, but depend on their ability to adapt to changes. Whether it is the early colonial rulers, the later nationalists, or the Japanese occupying forces, the successful rich should be able to constantly change their colors according to the changes of political rulers. With the return of Hong Kong and Macao and the economic prosperity of China in recent years, more and more rich people have become patriots

gambling king he started his business with the Japanese during World War II and is now a well-known patriot. In order to expand the Chinese market, some rich people try their best to show their Chinese character to the Chinese people. In fact, their Chinese language ability has been very poor

4. Selective frugality

the frugality and diligence that the rich people strive to show mentioned by the author also makes people sigh through the tensile experiment. The whole world knows that Li Ka Shing wears a west iron city watch, or a rich man only flies economy class, and so on. But the same thrifty rich have many luxurious houses, Rolls Royce and women

the frugality of the Godfathers is called selective frugality. Many of them still live in the ancient luxury houses they bought decades ago (the purpose is mostly to teach their children and grandchildren by frugality, and what Yang ignores is the geomantic omen problem of not willing to abandon the treasure land of wealth); Someone bought a big house and demolished it into several smaller properties, and then sold or sublet them to keep one of the earned self occupied properties. Many of them paid lower wages than floor sweepers to show that they didn't care about their income and served shareholders free of charge. Therefore, Stawell pointed out that Hong Kong has salaries tax but no dividend tax, exposing the mystery of low salary. In terms of dividends, Henderson's Lee Siu Kee ranks first. Although Lee's (Hong Kong's richest man in 1996 and the world's fourth richest man) ranking in the world's richest man in recent years has fallen slightly from a high level, his position as Hong Kong's richest man should be maintained. In the past two decades, he may receive as much as $300 million in tax-free dividends from Henderson alone, but billions of Hong Kong dollars are a small number in his fortune of more than 100 billion; Li Zhaoji owns more than 30000 property units in the United States. Over the years, property prices in the United States have doubled. With private investment funds, his personal wealth is really immeasurable

these rich people often say they work 12 hours a day, seven days a week. But don't forget that what they said about work is not what ordinary business owners said about studying customer needs, developing new products, supervising production processes, but instructing subordinates, accompanying important people to eat, playing golf, and other entertainment programs

5. Integration of officials and businessmen

the extremely rich in Southeast Asian countries, especially Indonesia, the Philippines and Thailand, have a deep integration of officials and businessmen (not just collusion) and nepotism. Hong Kong officials and Hong Kong businessmen can't catch up with them. Many of them really act like underworld leaders in the Godfather written by mariopuzo (also the later film of the same name). Among them, Tommy, the second son of Suharto, knows the needs of the Chinese market very well. The most notorious is Tommy, His behavior is the same as that of the godfather of the Sicilian Mafia

in 2000 (his father stepped down in 1998), he was sentenced to 18 months' imprisonment for bribery, theft of state property (more than US $1 billion owed to the Bank of Indonesia) and illegal occupation of state land. He commanded his doormen in prison and successfully assassinated the judge who convicted him, adding another 15 years' imprisonment. However, he had no regrets and was ruthless again, In 2003, the police were sent to smash tempo, a popular magazine that published his crime, and injured many people (the matter went to the International Court of justice, but it was not settled because no one dared to be a witness). Tommy appealed straightly and was conditionally released in October, 2006. It was unreasonable to juxtapose other pure business tycoons with such rogue figures who took advantage of their father's shadow to extort and plunder without quotation marks

however, in China, the relationship will become very complicated. Even if you get rid of the apparent decision-maker, the obstruction of a small staff member may make you face trouble

an example given by the author is Singapore's new city in Suzhou. Although Lee Kuan Yew was a master of relations and secured the central government, the different opinions of the local government in Suzhou led to the failure of the plan. The real relationship kingdom is Southeast Asia: if you deal with the authorities, you can use the state treasury as your own ATM and withdraw money directly from the central bank

6. The original sin of region

although people regard Singapore and Hong Kong as models of development, in fact, the fundamental reason for the success of these two cities lies in that they are surrounded by corrupt and inefficient countries/regions, and they position themselves as centers providing money laundering and smuggling services in these countries/regions

although there are great differences in political and economic systems between Singapore and Hong Kong, there is no big difference in per capita GDP. This means that their fundamental advantage lies in their geographical location and market positioning

why does Singapore, which has always emphasized Confucian morality, open casinos and is said to have a loose attitude towards prostitution: it is positioned as a money laundering center and a paradise for economic criminals. Many economic criminals pursued by Indonesia live here, and a considerable proportion of Singapore's financial assets come from Indonesian billionaires. One reason for the rapid development of Singapore's financial industry in recent years is that the anti money laundering laws and regulations in Europe are becoming more and more stringent, and many funds that do not want to see the light have been transferred from Switzerland

in the email that led to Xie Guozhong's resignation from Morgan Stanley, he wrote: Singapore has always advertised the success story of globalization. In fact, Singapore's success mainly comes from laundering money for corrupt officials and businessmen in Indonesia. At present, Indonesia has no money to launder, so Singapore is building casinos to attract corrupt funds from other countries

it is no secret that Hong Kong started from smuggling

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