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He wanted to donate 10 million dollars, but no one dared to accept it. He made trillions of assets and distributed all his assets to his son-in-law.
Throughout the ages, the idea of patriarchy has become weaker and weaker in modern times, but in the eyes of many wealthy people in China, it still seems difficult to bear a son to inherit their property, and nobody wants to hand over his property to an outsider in the future. Naturally, Lenovo's Liu Chuanzhi and Wahaha's Zong Qinghou are excepted. But in history, there is really a man who has no son all his life, can only distribute his trillion assets to his four sons-in-law, he is Bao Yugang.
If you are familiar with history, you will find that Bao Yugang was originally the 29th grandson of Bao Zheng, a clean official of the Song Dynasty. In addition, as a generation of boat king, Bao Yugang has actually won more honors than Li Ka-shing, so is his family. But in 1985, because Bao Yugang had cancer, he had to share all his assets with his four sons-in-law.
The details of the allocation are simple: Bao Peiqing, the eldest daughter, and Su Haiwen, the eldest son-in-law, were given the privately owned shipping kingdom of Bao Yugang, Universal Shipping, but at that time, there were already many problems in this global shipping, which needed to be solved urgently. Bao accompanied Rong, the second daughter, and Wu Guangzheng, her second son-in-law, to share all the listed companies of Hui Te Fung (except Japan). At that time, it was said that the assets of Hui Te Fung had exceeded 5.5 billion US dollars.
The third daughter, Bao Peili, and the third son-in-law, Toshihiro, share in the insurance and trading company that Toyoto holds in Japan. The fourth daughter, Bao Peihui, and the fourth son-in-law, Zheng Weimin, shared nearly $10 billion in Treasury bonds, stocks and cash with the third daughter, Bao Peili, and the third son-in-law, Toshihiro. Apart from that, they were allotted 1 billion dollars worth of family property investment. Throughout these asset allocations, in fact, Bao Yugang's third and fourth daughters are the best assets, but also the best management.
Throughout Bao Yugang's life, in fact, no longer can be described by legend. In 1949, Bao Yugang and his father took one hundred thousand to Hongkong. But at the very beginning, two people encountered a number one problem. What should I do? At that time, Bao Yugang was not thinking about the hot real estate, but shipping. At that time, Bao Yugang's mother advised him to "run a horse and run a horse for three risks". Of course, Bao Yugang still sticks to his dream and thinks he can do it in a bigoted way.
At first, there was no boat on Bao Yugang's hands. The first boat was still bought from Bao Yugang who had made a special trip to England. It was an old cargo ship powered mainly by burning coal, and the ship had been in use for 28 years before it was purchased by Bao Yugang. But Bao didn't mind at all. He still treated it like a baby and had it repainted. After everything was ready, Bao Yugang began his life as a ship owner.
In 1955, Bao Yugang set up a shipping company named global shipping group. At the beginning of his founding, Bao Yugang leased the Kim'an, which he had purchased before, to a Japanese shipping company for transporting coal from India to Japan on a long-term lease. Many people do not understand, because the world's shipping bosses at that time are short-term rent approach, never a long-term rent.
Because in their view, the profit of long-term rent is lower than short-term rent not only a little bit, but also the risk is reduced. And "risk is small" is exactly what Bao Yugang needs. Because in his view, he would rather make less money and share more risks. At that time, this view was derided by many shipping chiefs in Hongkong. But in fact, Zhengbao Yugang gradually climbed to the throne of the world's ship king by this steady and steady way!
After successfully renting his first ship, Bao Yugang knew the importance of capital. So Bao Yugang went to the most influential HSBC bank in Hong Kong all day and asked their big class to meet him. But unfortunately, every time Bao Yugang went to HSBC, he would be late to close the door, even the staff laughed at him. In order to uphold his dream of navigation, Bao Yugang insisted on this for two years. For two years, Bao Yugang went to HSBC once a day. Finally, he moved the big class of HSBC and gave him a few minutes to talk about his business plan.
Thanks to his innovative shipping plan, the HSBC bank decided to give Bao Yugang a permanent and unlimited loan support. With this, Bao Yugang rapidly developed his own shipping group, and in 20 years, from an unknown shipping boss, became the world's famous ship king. After becoming a ship king, Bao Yu Gang at that time wanted to donate some money to build the country. But helplessly, when I heard that Bao Yugang wanted to donate $10 million, no one dared to accept Bao Yugang's donation. In desperation, Bao Yugang could only go to the capital for donations.
He wanted to donate $10 million, but nobody dared accept it. He had a family of trillions and could only be allotted to his four sons-in-law. In fact, looking at today's wealthy, who did not expect that a few decades ago Bao Yugang actually has a family of trillions, has already become the world's richest man! As a rich businessman with a strong patriotism, Bao Yu was the one we should remember.
He wanted to donate 10 million dollars, but no one dared to accept it. He made trillions of assets and distributed all his assets to his son-in-law.
Throughout the ages, the idea of patriarchy has become weaker and weaker in modern times, but in the eyes of many wealthy people in China, it still seems difficult to bear a son to inherit their property, and nobody wants to hand over his property to an outsider in the future. Naturally, Lenovo's Liu Chuanzhi and Wahaha's Zong Qinghou are excepted. But in history, there is really a man who has no son all his life, can only distribute his trillion assets to his four sons-in-law, he is Bao Yugang.
If you are familiar with history, you will find that Bao Yugang was originally the 29th grandson of Bao Zheng, a clean official of the Song Dynasty. In addition, as a generation of boat king, Bao Yugang has actually won more honors than Li Ka-shing, so is his family. But in 1985, because Bao Yugang had cancer, he had to share all his assets with his four sons-in-law.
The details of the allocation are simple: Bao Peiqing, the eldest daughter, and Su Haiwen, the eldest son-in-law, were given the privately owned shipping kingdom of Bao Yugang, Universal Shipping, but at that time, there were already many problems in this global shipping, which needed to be solved urgently. Bao accompanied Rong, the second daughter, and Wu Guangzheng, her second son-in-law, to share all the listed companies of Hui Te Fung (except Japan). At that time, it was said that the assets of Hui Te Fung had exceeded 5.5 billion US dollars.
The third daughter, Bao Peili, and the third son-in-law, Toshihiro, share in the insurance and trading company that Toyoto holds in Japan. The fourth daughter, Bao Peihui, and the fourth son-in-law, Zheng Weimin, shared nearly $10 billion in Treasury bonds, stocks and cash with the third daughter, Bao Peili, and the third son-in-law, Toshihiro. Apart from that, they were allotted 1 billion dollars worth of family property investment. Throughout these asset allocations, in fact, Bao Yugang's third and fourth daughters are the best assets, but also the best management.
Throughout Bao Yugang's life, in fact, no longer can be described by legend. In 1949, Bao Yugang and his father took one hundred thousand to Hongkong. But at the very beginning, two people encountered a number one problem. What should I do? At that time, Bao Yugang was not thinking about the hot real estate, but shipping. At that time, Bao Yugang's mother advised him to "run a horse and run a horse for three risks". Of course, Bao Yugang still sticks to his dream and thinks he can do it in a bigoted way.
At first, there was no boat on Bao Yugang's hands. The first boat was still bought from Bao Yugang who had made a special trip to England. It was an old cargo ship powered mainly by burning coal, and the ship had been in use for 28 years before it was purchased by Bao Yugang. But Bao didn't mind at all. He still treated it like a baby and had it repainted. After everything was ready, Bao Yugang began his life as a ship owner.
In 1955, Bao Yugang set up a shipping company named global shipping group. At the beginning of his founding, Bao Yugang leased the Kim'an, which he had purchased before, to a Japanese shipping company for transporting coal from India to Japan on a long-term lease. Many people do not understand, because the world's shipping bosses at that time are short-term rent approach, never a long-term rent.
Because in their view, the profit of long-term rent is lower than short-term rent not only a little bit, but also the risk is reduced. And "risk is small" is exactly what Bao Yugang needs. Because in his view, he would rather make less money and share more risks. At that time, this view was derided by many shipping chiefs in Hongkong. But in fact, Zhengbao Yugang gradually climbed to the throne of the world's ship king by this steady and steady way!
After successfully renting his first ship, Bao Yugang knew the importance of capital. So Bao Yugang went to the most influential HSBC bank in Hong Kong all day and asked their big class to meet him. But unfortunately, every time Bao Yugang went to HSBC, he would be late to close the door, even the staff laughed at him. In order to uphold his dream of navigation, Bao Yugang insisted on this for two years. For two years, Bao Yugang went to HSBC once a day. Finally, he moved the big class of HSBC and gave him a few minutes to talk about his business plan.
Thanks to his innovative shipping plan, the HSBC bank decided to give Bao Yugang a permanent and unlimited loan support. With this, Bao Yugang rapidly developed his own shipping group, and in 20 years, from an unknown shipping boss, became the world's famous ship king. After becoming a ship king, Bao Yu Gang at that time wanted to donate some money to build the country. But helplessly, when I heard that Bao Yugang wanted to donate $10 million, no one dared to accept Bao Yugang's donation. In desperation, Bao Yugang could only go to the capital for donations.
He wanted to donate $10 million, but nobody dared accept it. He had a family of trillions and could only be allotted to his four sons-in-law. In fact, looking at today's wealthy, who did not expect that a few decades ago Bao Yugang actually has a family of trillions, has already become the world's richest man! As a rich businessman with a strong patriotism, Bao Yu was the one we should remember.
page revision: 3, last edited: 23 Sep 2018 09:32
