Ace of the Dragon Division

Chapter 384: 35 Billion Euro In Net Worth 

After pushing up his glasses, Mr. Zhang continued, “The next one is a network company. The founder, Mr. Jiang, established this company in 2007 and received Senior Sister Lan’s investment in return for 30% of the company’s shares. Right now, the company has the third largest portal web in the country and has a first-class gaming platform and development abilities. The company is in its 9th year running, and it has been profitable for the past 5 years, experiencing a 15% or more growth in revenue every subsequent year. In 2012, it went public, and with annual revenue of 7 billion, its market valuation has surged to 80.5 billion RMB. You hold 30% of the company, so that’s about 24.1 billion RMB.”

24.1 was already about 3.4 billion euros…

Holy crap, plus the real estate company, right now just two of the companies under Xu Cheng’s mother’s name were already worth 24 billion euros!

24 billion was already enough to be ranked among the top 30 in the world’s public richest list. Of course, that was just the list of wealthy individuals that were known to the public, which was just the tip of the iceberg, and it didn’t include the hidden ones. The assets under the behemoth families in Huaxia were truly enormous. After all, they belonged to the nation with the largest economy on the continent with the longest history.

Auntie Lan didn’t give Lin Chuxue the chance to talk and just told the lawyer, “Continue, just spill them all at once and stop taking breaks.”

Attorney Zhang nodded. “Yongxi Coal Mine Co., ranked 15th in the industry in the country and not publicly traded. However, the valuation value is at least over a hundred billion. With Mrs. Ye’s 39% holding, that’s the equivalent of 45 billion RMB; Weimei Apparel & Design Company, it takes on the domestic mid-to-high-end fashion market and has storefronts all over the country. The company has a market value of 28 billion; Night Entertainment Media Company, founded in 2002 during the rise of the domestic film market and now one of the 3 largest entertainment companies in the country, with a market value of 39 billion RMB; the last one is one of the three largest e-commerce companies in the country with a 10% holding, valuing at 6.6 billion US dollars.”

Then, Mr. Zhang summarized, “The total market capitalization of the six companies equates to 311.1 billion. Senior Sister Lan, do you want to transfer all that to this Miss’s name? According to the tax laws, transfer of equity is taxed at 20%, which is equivalent to 60 billion.”

“60 billion?!” Lin Chuxue was dumbfounded. Even for someone who was able to maintain her cool at most times, she couldn’t sit still anymore. 60 billion RMB in just tax, that was already a dozen billion in US dollars!

“Let’s forget about it, Auntie Lan, it’s not worth it… Transferring them to my name will shrink the assets immediately by 20%, where would we get that much cash to pay the taxes? Even if I want these assets, I physically can’t…” Lin Chuxue bitterly smiled. She completely didn’t expect the companies managed by Auntie Lan to be worth this much. If she knew it earlier, she definitely wouldn’t have taken Auntie Lan up on her offer.

Auntie Lan said, “It’s fine, transfer them all to her name, I will pay the tax.”

Lin Chuxue looked directly at Auntie Lan in shock. “Auntie Lan, you…”

Auntie Lan smiled. “The money Madam saved up abroad for Young Master is just enough to pay this tax. Mr. Zhang, let’s go through with the procedure.”

“No!” Lin Chuxue directly interrupted. “Right now, I’m still not capable enough and cannot accept and manage this many companies at once. Auntie Lan, please give me more time to consider it again.”

“Too late.” Auntie Lan smiled. She said to the managing partner of the firm, “Mr. Zhang, please go and take care of it now.”

Mr. Zhang nodded and left with his team.

Auntie Lan looked at Lin Chuxue, smiled, and said, “With the fall of the four behemoth companies, do you know the size of wealth that was freed up? Let me give you a rough comparison. In M Nation, there’s the Roosevelt Financial Group and the Morgan Financial Group. There’s the Sanlin Financial Group in Wei Nation, and in the other countries, there are also all kinds of financial groups, big or small. But why doesn’t Huaxia have any public ones? In fact, the behemoth families were financial groups, and their sizes were no smaller than the ones I just talked about. With the fall of these four, the country could free up enough funds to contribute to the reform and development of the national treasury, allowing the country to enter the implementation stage in advance for its military and construction strategies. But do you know these companies I’m giving you and Young Master are still under our names?”

Lin Chuxue was a bit confused.

Auntie Lan laughed and said, “Haven’t you noticed that all the assets that the four behemoth families had invested in were all confiscated by the government but only Madam’s assets and companies weren’t?”

Lin Chuxue’s eyes widened and she instinctively said, “Because of Xu Cheng?”

Auntie Lan nodded. “Yeah. Over these days, I noticed that all the other assets of the four behemoth families were either sold or annexed, but only Madam’s assets were not seized by official personnel. I think there could only be one reason, and it’s Young Master. This might be an exchange, so I felt I must hand these assets back to Young Master. If you two are both not interested, then the officials will probably take ownership. You are a smart woman, you wouldn’t just give these things away for free, right?”

Lin Chuxue softly smiled. “Of course not.”

Auntie Lan: “So, please take over it on behalf of Young Master.”

Lin Chuxue exclaimed, “250 billion RMB, that’s about 35 billion euros! Auntie Lan, no matter how attractive I am, who else in this world is willing to give me 35 billion euros? Oh no, plus the 3 billion Xu Cheng gave to my family earlier, it’s 38 billion in total!”

Auntie Lan: “No matter how much it is, it rightfully belongs to you two. Just accept it on behalf of him. Didn’t you want something to do? You can try managing these companies. You don’t think your man will need money in the future?”

Lin Chuxue stood there in a daze. After a long mental struggle, she smiled at Auntie Lan and said, “Auntie Lan, I don’t think I can accept this. With my personality, I prefer starting everything from scratch. Including Xu Cheng, I don’t think he would want money obtained this way too.”

Then, Lin Chuxue gently put her hand onto Auntie Lan’s hand, smiled, and said, “Auntie Lan, you deserve this money, and I think Xu Cheng’s also very willing to hand this money to you. I know him, he doesn’t really have a concept of money, and he’s happy as long as there’s enough. You served Mom for so long and also managed these businesses for the Ye Family for so long. These companies are all doing extremely well in your hands, so I think these companies really belongs to you.”

Auntie Lan shook her head. “No, I can’t.”

“Yes you can, Auntie. As Xu Cheng’s wife, I made this decision on his behalf. You said these belong to him, then now I’m gifting you all of this!”

Auntie Lan was dumbfounded as she looked at Lin Chuxue.

Who would be able to stay indifferent in front of such a large fortune? Probably almost no one!

However, Lin Chuxue’s mentality of being able to pick up and let go was also very shocking to Auntie Lan.

“Young Madam, I didn’t read you wrong!” Auntie Lan smiled. “But I don’t have any heirs. I can continue taking care of these companies, but in the future, I want to give them all to you and Young Master’s little ones.”

Lin Chuxue smiled and said, “You can do whatever you want.”