Chapter 436 (1/2)

35 billion dollars!

This is the 1991 personal wealth figure of Simon westero given by Forbes magazine.

Careful people can easily find that, compared with last year's $21 billion, the wealth increment of $14 billion is exactly equivalent to Simon's total purchase price of $14 billion for MCA and Bell Atlantic.

However, the explanation given by Forbes magazine is not so.

The $14 billion increase in wealth is mainly due to the stock price growth of technology companies such as Microsoft, Intel, Oracle and sun held by Westeros in the past year, as well as the personal wealth brought to Simon by AOL and Cisco, which have just been listed in recent months.

Only AOL (65.4%) and Cisco (50.1%) have contributed a total of US $10.3 billion to Simon according to the market value of Forbes statistical cycle.

Because of the popularity of windows 3.0, Microsoft's share price has doubled in the past year.

Westero's stake in Microsoft has also increased from about 10% last year to 21.3%. According to the market value of Microsoft's $12.5 billion calculated by Forbes, this part of the stock once again contributed $2.6 billion to Simon's wealth.

According to Forbes, Intel's market value is US $10.5 billion, which contributes US $1.6 billion to Simon's wealth.

Taken together, westero holds shares in AOL, Cisco, Microsoft and Intel, with a total value of $14.6 billion. Other technology companies, such as Oracle, sun and situ, have a combined book value of more than $2 billion.

The stock wealth minus last year's basis is the growth rate in the past year.

MCA and Bell Atlantic, which have been included by Simon, basically offset the liabilities of the whole westrow system.

People with clear eyes can see that, taking the Gulf War at the beginning of this year as the dividing point, there was a very obvious bottom rebound in the US stock market. Simon accurately bought MCA and Bell Atlantic before the Gulf War, which can be said to be a very subtle bottom hunting.

Even now that the two companies are delisted, the value of MCA and Bell Atlantic itself is definitely not as high as the $14 billion it was at the beginning of the year.

What's more, according to the calculation of Forbes, the enterprise growth statistics of westrow system in other aspects such as fashion, technology and so on are very vague.

Finally, cersei capital is hard to get around.

According to some rumors in the industry, cersei capital also made billions of dollars in profits through oil futures and stock index futures before and after the Gulf War.

Although Simon westero's own share of cersei capital's hedge fund cersei fund management company is only one-third, it is still a very considerable wealth.

In addition, the most crucial danelis entertainment.

Last year, Forbes magazine valued Denise entertainment at US $8 billion. This year, with the merger of Denise entertainment and MCA, the company's net asset is no less than US $15 billion. Although last year's acquisition increased the debt by several billion US dollars, Denise entertainment in good financial condition is obviously different from Time Warner in deep trouble.

Another conservative estimate, the market value of Denise entertainment will not be lower than the net assets of the enterprise.

In a word, different from the controversy in previous years, when Forbes released the new year's list of the 400 richest people in the United States, the mainstream media in North America and overseas generally believed that this time, Simon westero's personal wealth was obviously underestimated.

Some even wonder if Simon westero has reached some agreement with Forbes group to make his personal wealth less dazzling.

Although the $35 billion is already very eye-catching.

In fact, many western rich people like to keep a low profile. However, in terms of personal wealth, they are relatively calm and think that wealth represents a kind of glory.

Usually, no one can communicate with the media to reduce their wealth estimates.

It's just normal.

Simon westero, in itself, is not a normal guy.

In the face of the media's query, Forbes magazine firmly denied that the wealth statistics may be controversial because of Simon westrow's too complex personal asset portfolio, but the overall is relatively accurate.

The Forbes list has been in operation for so many years, but its credibility is still enough. Other media such as fortune magazine have also published similar statistics, which have not posed any threat to the Forbes list.

Therefore, even if there are controversies, since the number has been released, Forbes will certainly not change it, and the media and the public will only refer to it.

Maybe many years later, when someone reviews the previous Forbes lists and looks at the data in 1991, they will only see that Simon westrow's personal wealth is 35 billion US dollars. The controversy of that year must have been forgotten for a long time.Simon has no suspense after the top of the list, this year's list after the change is also very big.

John Kruger, also a media tycoon, still holds the second place on the list, with a personal wealth of $5.9 billion, basically the same as last year.

Bill Gates is second on this year's list, with a personal fortune of $5 billion.

Forbes magazine specially commented on this. After transferring 5% of Microsoft's shares to Westeros last year, Damen, who got a huge sum of cash, bought a mansion in New York and San Francisco, and bought a Gulfstream private plane. Finally, he became a super rich man.

However, Forbes commentators said that the shares sold by Damen last year had increased by more than $300 million in just one year.

In other words, Damen actually lost $300 million.

If Microsoft's share price continues to grow, the 5% loss may be more in the future.

Paul Galen, who also transferred 5% of Microsoft's shares at the beginning, is the same.

Next to Bill Gates, the fourth to the eighth places are all occupied by the Walton family whose wealth has been divided equally. Sam Walton and his four children's wealth is $4.4 billion.

Two years ago, the media also said that the real richest man in the United States should be the Walton family. Since this year, the media has no similar argument. The total wealth of the five members of the Walton family is only $22 billion, a total of $13 billion less than Simon's.

Warren Buffett, chairman of Berkshire Hathaway, ranks ninth with $4.2 billion in personal wealth this year.

Pittsburgh's steel tycoon Henry Hillman ranked tenth, but his personal wealth fell directly to $3.3 billion.

It is not difficult to find that, except for Simon and gates, most of the top 10 of this year's Forbes rich list are traditional rich people famous for their steady industry. Even John Kruger has accumulated his wealth for many years.

Affected by the economic downturn and debt crisis in recent years, Sam lestone and Ron Perelman, who were also on the list a few years ago, who were good at high debt management, fell out of the top ten.

However, on the other hand, the total wealth of the 400 top rich in the United States is still showing an increasing trend.

The total wealth of the 400 rich this year is $317.3 billion.

So it's not difficult to see another point. The total wealth of 400 top rich people is 317.3 billion US dollars, of which Simon westrow alone has 35 billion US dollars, accounting for 11%.

Compared with the other rich people on the list, Simon's personal wealth, whether in terms of the amount of assets or the rate of appreciation, is obviously showing a unique posture.

Simon's personal wealth is mainly concentrated in the media and technology. With the release of this list, the media and technology sectors of the US stock market have obviously risen.

In the past few years, many investors have been eager to invest in the film industry because of Simon's success in Hollywood.