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Chapter 817: Chapter 710: Among the Ten Billions (Subscribe please!)
"Borrowing from the bank is also no good; you still have to pay it back," Mother Tang had a strong aversion to borrowing money.
Tang Qing said with a bitter smile, "Mom, I’m doing business, not playing house. It’s often unavoidable to deal with banks, and taking loans is inevitable. Don’t worry, the worst case scenario if I can’t pay back the bank is mortgaging company shares, which won’t affect me."
"That’s a woman’s view. Now, how many companies don’t borrow money from the bank? As long as he doesn’t borrow from friends, it’s okay."
Tang Kai also stood on Tang Qing’s side.
"But, if you owe too much and can’t pay it back, wouldn’t you have to mortgage the company?" Mother Tang couldn’t bear the thought.
Tang Father: "..."
Finally, Tang Father began to understand why his son always kept them in the dark. With Mother Tang’s personality, once she knew, she would surely nag in Tang Qing’s ear nonstop, probably all anxious every day, waking up with the thought of her son owing a lot of money.
Alright then.
Suddenly, Tang Father felt that what Tang Qing did was right. He could foresee that for quite a long period of time, Mother Tang would definitely worry every day about her son’s company failing in business and going bankrupt, and she would nag him every day about it.
He was a bit regretful that he brought Mother Tang along today.
"Sister-in-law, don’t worry. Tangtang’s companies are all prime assets. They have strong profit generation capabilities and will definitely not lack money," Tang Kai reassured her, with Youman chiming in.
Holding Mother Tang’s hand, she said, "Yes, sister-in-law, Tangtang has a sense of measure, and he’s so smart, he’s sure to make a lot of money, so you don’t need to worry."
Mother Tang said with a wry smile, "Alright, I’ll try to control my emotions."
Concern leads to chaos.
That’s exactly her situation right now.
"By the way, Tangtang, you mentioned that you could pay it off by the beginning of next year. Where will you get the money from?" Father Tang asked.
Tang Qing smiled and said, "Comet Film’s first movie is about to be released. If nothing unexpected happens, it could make a good chunk of money. As for how much, we’ll have to wait and see."
Tang Qing estimated that "Civilization: Soul of the Stars" would earn no less than five hundred million U.S. dollars at the global box office, but the actual situation would have to be tested by the market. So, he set a ’modest goal’ for now to avoid being embarrassed—five hundred million U.S. dollars, not too much or too little.
"Movies make that much money?" Mother Tang asked doubtfully.
"Of course, this movie of mine is definitely going to make money," Tang Qing said confidently.
Not forgetting his initial curiosity, Father Tang asked, "Tangtang, how much property do you have now, how many companies, and how much debt?"
Tang Qing thought for a moment.
It was impossible to hide it anyway.
Might as well lay all the cards on the table.
So Tang Qing said, "I’m not exactly sure how much property I have because its value is constantly increasing. As for the number of companies, I have quite a few in which I hold or control shares.
"I have a majority stake in Sheng Tang Group, which is my first company. I own ninety-five percent of the shares. The rest belongs to my initial partners, and some are rewards given to the company’s senior executives, but they only have dividend rights. The market value is around one billion RMB.
"The second company I founded is Tianyan Group, mainly responsible for managing my subsidiary companies and providing business information services. I own one hundred percent of the shares, with a market value of about three hundred million RMB.
"Comet Film, this company, I plan to reorganize into Comet Film and Television Cultural Media Group at the beginning of next year. Subsidiaries include movie production, Internet literature, publishing, talent agencies, and Internet video companies. Its current market value is also around eight hundred million RMB. After the new year, doubling it won’t be a problem.
"I also have a bodyguard company in the domestic market, but it’s not very large, just valued at around one hundred million RMB. Apart from the domestic ones, I control two other companies abroad.
"One is called Microcrystalline Technology, in Seattle, United States, mainly engaged in the research and development and sales of civilian solar energy products. It’s currently valued at around one billion RMB. Its technology has already made breakthroughs, and it should be able to turn profitable in the first half of next year.
"Lastly, there’s Wan Qing Mining, which is currently involved in mining development in Algeria. I’m collaborating with others to acquire a large number of mines in Congo Gold. When I initially bought it, the purchase price was nearly one point one billion RMB, but now... it’s incalculable.
"Er... these are all my controlling subsidiaries."
Having said that.
Tang Qing paused for a moment.
Because the four people opposite him were already a bit overwhelmed.
Just counting these six controlling companies, Tang Qing’s total assets exceeded four billion RMB. What kind of concept was that? It was nearly catching up with Tang Kai’s business scale. A year ago, the market value of Tang Kai’s jewelry business didn’t even reach half of Tang Qing’s current value.
Tang Kai had been prepared and was only slightly surprised because it seemed there was no mention of those three hundred million U.S. dollars. Previously, Tang Qing had said that those three hundred million U.S. dollars were meant for a mining partnership with a Saudi prince.
The faces of Father Tang and Mother Tang were slightly reddened.
Four billion RMB.
How could they not be excited?
"And what about the stakes in companies? Come on, spill it." Father Tang hurriedly asked.
Tang Qing looked at their faces, "Uh... are you sure you can handle it?"
"Brat, just say it all at once." Father Tang decided it was better not to suffer such embarrassment again and be surprised all at once.
Tang Qing continued.
"All right, I have stakes in quite a few companies. I won’t mention the ones with a market value below one hundred million RMB, as it’s not necessary. Above one hundred million in Qingyan City, there’s one, which I partnered with Liu Qian, Dream Melody Jewelry Group, with a current market value of 1.5 billion RMB.
In Beijing, there’s also a real estate company I partnered with a few friends on. I hold twenty-five percent of the shares, and its market value is currently around eight billion RMB, and it’s growing rapidly.
The last one is an oil company I’ve partnered with a Saudi Prince in Algeria. I hold forty percent of the shares, which is valued at three hundred million U.S. dollars, equivalent to 2.4 billion RMB. That seems to be it."
Father Tang and Mother Tang silently calculated the total assets in their minds.
In the end,
they arrived at a figure of eighty billion RMB.
It had doubled again from before.
"Tangtang, are you sure you can pay it all back?" Father Tang took a deep breath—assets and liabilities were only a step apart, it was heaven in one thought, hell in another, and this wealth was accumulated in how long? Just one year.
Tang Qing confidently said, "Don’t worry, I can pay it off by the end of next March." 𝒏𝒐𝙫𝙥𝙪𝙗.𝒄𝙤𝙢
"Movies aren’t worth that much money," Mother Tang was skeptical.
"Hehe, Mom and Dad, do you remember when I mentioned Wan Qing Mining just now? In the end, I said ’immeasurable’," Tang Qing said with a smile. This was a card that would not be fully revealed, and it wasn’t a top secret.
"Seems like it," they recalled.
Everyone remembered that Tang Qing had indeed said those four words, but what did that mean? Immeasurable didn’t mean you could use it to pay off debts.
Tang Qing smiled and countered, "You all know about gambling stone, right?"
The four of them nodded quickly, especially Tang Kai, who was in this business and knew it very well.
"That’s right. What I have is somewhat similar. I won a Gold Mine in a bet, a very productive Gold Mine that has profits in the billions every month, at least one or two billion, or as much as two or three billion. So, Mom and Dad, stop worrying about the debt."
Tang Qing still hid a large part of the production. If he mentioned that the mine’s maximum monthly capacity was Gold worth ten billion RMB, it would be too shocking, so he took it slow and only mentioned what was safe to say.
Even so,
everyone was a bit stunned.
"Second brother, how much is a gold mine like this worth?" Father Tang really didn’t know how to calculate it.
"This would be considered a rich mine. Its value depends on the gold reserves, but given this production rate, thirty billion RMB is the base. If the reserves are high, then there’s no upper limit," Tang Kai said with a wry smile and a sigh.
A lifetime of struggle,
and he was not worth as much as his nephew’s one mine.
It really was... miners are the real wealthy people.
Eighty plus thirty,
equals one hundred ten.
Plus the words ’immeasurable.’
Had Tang Qing already fully stepped into the ranks of billionaires?
It was unbelievable no matter how they thought about it.
Tang Kai had thought he would be the first to enter this circle, but he hadn’t expected that even with his fruit wine and being the sole supplier for the massive production of Gems and Jewelry, he couldn’t keep up with Tang Qing’s speed of accumulating wealth.
No wonder Tang Qing always refused his help.
Because Tang Qing was even wealthier than him.
