novelones Chapter 363 Disaster, Investing in Donald
Chapter 363 Disaster, Investing in Donald
Donald came from a relatively wealthy family.
He has had a leadership temperament since childhood and was more ambitious than his father. In 1974, he officially entered New York real estate.
He first bought a dilapidated small hotel near the New York Station for 1000 million.
It took five years to transform it into the Hyatt Hotel, and the business is still very prosperous today, which became an important milestone in his career.
He was only 34 years old at the time and already well-known in New York City.
Then he spent another $2 million to build a building named after his surname. The 68-story building is located in the business center of Manhattan.
The building attracted countless tenants, making him rich and famous.
At this point, his business investments began to spread to other industries:
Open casinos, operate shipping, manage professional football teams, and sponsor professional boxing matches.
What made Li Qilin look weird was Donald's bad taste. No matter whether he was building a building or even a casino toilet seat, his surname would be printed on it.
Although this is shameful, it did make Donald become a famous rich man in the beautiful country.
Moreover, he has a swaggering style and often shocks the world with his special remarks.
The key is that the banker really believed in him and felt that he would not make fun of his reputation.
As a result, bankers were willing to provide him with loans of tens of millions of dollars at any time.
With the loan, Donald has to expand his business territory crazily, and real estate is naturally the top priority.
In the early 1990s, the real estate market in the United States was in recession. Donald's net worth was also rapidly depreciating, and his income was also rapidly decreasing.
Personal assets rapidly depreciated from US$18 billion to US$5 million.
At that time, he was deeply in debt, with the annual interest burden alone amounting to more than [-] million US dollars.
When you owe a bank more than a billion dollars, you are their boss, and Donald really embodies this.
Many banks were afraid that he would not be able to get back his capital if he went bankrupt, so they reduced or exempted his loan interest.
This does give Donald, who is heavily in debt, a chance to breathe.
After this turmoil, he became more rigorous in his thinking, successively dealt with debts, and took back the real estate supervised by the bank.
By 1999, with the recovery of the real estate industry in the United States, Donald's net worth once again reached around 20 billion US dollars.
Although he didn't know why Tang Na wanted to meet him, Wang Lei was still happy to meet him and even made some investments.
Donald's building is not far from Rockefeller Center.
This future big shot looked very happy after meeting Wang Lei.
Because there is a big gap between the two in their status at this time. The Wang Group is a Fortune 500 company in the world, and the net worth of Wang and his son is rumored to be hundreds of billions of dollars!
As for him, he is a well-known real estate developer in New York, ranking just a few hundred on the Forbes list.
The disparity in status between the two is not ordinary.
"Mr. Wang, thank you very much for your willingness to meet me."
Wang Lei nodded and said with a smile:
"Donald, there's no need to be polite to me. I've asked someone to prepare breakfast. You can eat some with me."
Donald nodded in surprise. He didn't expect Wang Lei to be so easy to talk to, and his words had a familiar air.
Just as he pulled up his seat, there was a sudden loud crash from the direction of the World Trade Center.
Even the Rockefeller Building, which was so far away, could feel the earth shaking.
Donald was so frightened that he quickly shrank his head and hid under the table.
"Mr. Wang, hide in quickly."
Wang Lei declined his kindness.
At this time, Liu Hu and Li Qilin rushed in in a hurry.
Wang Lei asked in a solemn voice: "What happened?"
"Boss, the plane crashed. Should we find another place to hide?"
Just when Li Qilin asked a question, there was another crash.
The ground was shaking, and the sound of buildings collapsing could be heard in the distance.
People downstairs screamed in panic.
"Donald, let's talk somewhere else."
……
Looking at the countless vehicles heading out, Donald finally calmed down slightly.
To his surprise, Wang Lei remained calm.
It is said that the richer people are, the more afraid they are of death, but Wang Lei didn't look afraid at all.
"Donald, do you buy airline stock?"
Donald shook his head. Wang Lei's words reminded him that if something like this happened, the U.S. stock market would definitely be very ugly tomorrow, and he must take action as soon as possible.
"But I recently bought Internet stocks at the bottom, which was about US$3800 million."
"Then you should ask the entrusting agency to sell as soon as possible. If it is slower, it will probably shrink a lot."
Donald took out his mobile phone in a slightly embarrassed manner. After giving orders to his men, he finally breathed a sigh of relief.
"Thank you for reminding."
"It's okay, we're friends."
This sentence of "friend" made Tang Nader more vigilant. Maybe Wang Lei had something wrong with him.
Soon he smiled mockingly to himself. His little possessions were probably not enough to fill the gap between the other party's teeth.
The car stopped at a luxurious manor outside New York.
"Mr. Wang, is this your manor?"
"Yes, I made you laugh. This was my first time here since I bought this place. I asked the security guard to open the door for us."
Because the manor has been vacant, there are only two security guards and a cleaner responsible for cleaning the place.
It would be embarrassing for rich people to buy mansions and manors if they do not live there permanently. Once they are not properly managed, they will become a paradise for security guards and cleaning staff.
Fortunately, the management of Wang's Real Estate has always been very strict, and the rotation system and spot inspection system must have avoided this situation.
After arriving in the living room, Wang Lei turned on the LCD TV.
The plane crash was reported on TV, and the two World Trade Center buildings were in ruins!
Donald looked at it in a daze, wondering how he would feel after experiencing this.
Wang Lei was not interested in this, but asked about Tang Na's business.
"That's right, I have always held a small share of the Rockefeller Building, and now I have decided to transfer the shares to you."
Wang Lei suddenly realized that after he bought 80% of the shares in Rockefeller Building from Mitsubishi Estate, he had been acquiring the remaining shares in the market. Now he holds close to 98% of the shares, and he can be contacted by the holders of the last shares.
However, the other party repeatedly refused to acquire it. It turned out that the owner behind the scenes was Donald.
Donald is a very shrewd person. He knows that the real estate industry in the beautiful country will definitely recover. He would rather repay the loan slowly than sell off the real estate in his hands.
"Weren't you always unwilling to sell? Why did you suddenly change your mind?"
"I want to do a business with you."
Wang Lei became interested:
"What do you think."
"I want to be a member of the Wang Group!"
Wang Lei instantly understood his little thoughts and said with a smile:
"Do you want to become a contractor of Wang Group?"
Donald nodded. He knew very well that if he hugged Wang Lei's lap, his real estate career would reach a higher level.
His career encountered a bottleneck. After thinking hard for a few years, he saw the speed of the Wang Group's expansion and felt that he could solve the problem by taking advantage of the situation.