The Birth of Shanghai's First Conglomerate

Chapter 651 Stable Income
For a family, the most crucial thing is a stable income.

For example, a fixed monthly salary, or rent for commercial real estate, etc.

These are all considered stable income, and the most important factor in determining a family's quality of life is this.

Without a doubt, an annual stable income of six billion is an enormous sum.

It's enough for almost anything, you can't possibly spend it all.

This is because none of the listed companies of Tengying Group have paid dividends in the past three years, which has reduced their fixed income to the level of six billion.

If you were to do the math, you'd know that Erpiya alone spends two to three hundred million yuan every year, and her sister's expenses are about the same.

The only one who didn't spend much money was his mistress, Chen Lu.

He's still young, and he's happy just following Su Xiaoxi around.

No matter how you calculate it, such a high family income is still more than enough to spend.

This is equivalent to having 20 million in cash income every day.

This figure is expected to increase to between 65 billion and 70 billion next year.

The real outbreak will have to wait until 23 or even 24.

By then, Tengfei New Energy will definitely be making money, and my wife's health and wellness business, as well as the entire Tengying Group, should have overcome their current difficulties.

At that time, it was highly likely that the annual net cash revenue would be 20 billion.

Without a doubt, this is an even more staggering figure.

It's important to know that all of this does not include income from the investment sector.

Knowing roughly how much fixed income your family has each year gives you peace of mind.

As Song Yanxi said, after her family helped some relatives, even more people came to visit.

Song Shuiqing arrived in the evening. She had completely separated her influencer agency from the Tang family's real estate company.

The Tang family did not listen to him and still spent more than 30 billion yuan to hoard land last year.

The loans amount to no less than several tens of billions. All these miscellaneous factors combined make the Tang family extremely vulnerable.

However, things hadn't reached the point where they couldn't make ends meet, so they didn't agree to Chen Pingsheng's suggestion at all.

If he waits another two years, or maybe another year, he'll have no choice but to sell.

In fact, the asset that Chen Pingsheng is most optimistic about is Wanda Plaza, firstly because if he can successfully acquire Wanda Commercial Management.

Even if we don't say that rental income will increase by several billion next year, Tengfei New Energy's cars can also quickly spread all over the country through Wanda's channel.

Unfortunately, Wang Jianlin was not in dire straits either. Once he fulfilled his listing commitment, he would no longer have the opportunity to acquire Wanda.

Deep down, he didn't want Lao Wang to go through with this.

Even if he takes 50 billion or even 100 billion, as long as he can completely control Wanda Plaza, he can achieve his goal.

He is still very willing. To be honest, Wanda Plaza is definitely a high-quality asset and a pinnacle of commercial real estate.

Aside from Wanda, he has little interest in other five-star hotels and resorts in China.

These are typical examples of things where investing money is easy, but making money is difficult.

It's far better to invest in the current influencer economy, which is asset-light.

Song Shuiqing's performance in the online celebrity field can only be described as mediocre, even less so than that of his sister-in-law Song Wu's family.

However, it still generates hundreds of millions in revenue annually, which is better than that of most listed companies.

That's already pretty good.

“Brother-in-law, the Tang family is getting more and more outrageous. They’re even spreading rumors that you’re taking advantage of my misfortune.”

"Let them say what they want, do you think I care?"

Chen Pingsheng truly didn't care. It's no exaggeration to say that no matter who approached him, his standard remained the same. Land could only be sold at the standard price for a 15-year lease, and commercial real estate included things like Grade A office buildings.

Then it can only be sold according to the 12-year standard.

It's becoming increasingly difficult for companies to operate these days, and large companies are building their own headquarters.

The small company was going to go bankrupt in just a few months, so the fact that he was willing to pay the 12-year price to acquire it was already considered very kind.

In fact, he doesn't accept such assets at all now.

Wouldn't it be better to invest that money in the stock market?
This is why he still wants to build hundreds of thousands of houses for his employees, which is why he thought of acquiring a few cheap plots of land.

"Sigh... I never expected the real estate industry to be in such a difficult situation. Every time the Tang family invites someone over, it's either to borrow money or to borrow money. It's a pity that you, brother-in-law, are the only ones who can actually come up with that kind of funding."

Song Shuiqing finally understood why her brother-in-law had previously disagreed with Song Wu marrying into those real estate tycoons.

So I knew this day would come!
The Tang family is in dire straits. If they are willing to take drastic measures to survive this year, even at a loss of tens of billions, they can sell off all their assets.

I estimate the problem isn't too serious.

If they wait another two years, it will be impossible for the Tang family to apply for bankruptcy liquidation.

"I don't have much money either, and I plan to reduce household expenses next year."

His family earns a lot of money, but their expenses are also exceptionally high.

Take this Jinshan super villa for example. It has more than 200 employees, plus all kinds of food expenses, clothing, sports cars, luxury goods and other shopping expenses.

You can't afford to live like this without at least 500 million a year, not to mention he also owns his own superyacht, resort, leisure club and the like.

Including several children, it would cost at least 1.7 to 1.8 billion yuan every year, which is quite normal.

Song Shuiqing knew, of course, that her brother-in-law's annual expenses were shockingly high; just looking at his lifestyle in that super villa was enough to tell.

Tea leaves are never priced below 500,000 yuan per kilogram, but the expenses are high, while the income is even more outrageous.

The only way to describe it is that it's simply too much to spend.

She didn't stay there for long and soon went back.

After she left, Song Yanxi called her younger sister, Song Wu, and asked her to call her new boyfriend home to visit.

This boyfriend was introduced to her by Chen Pingsheng. She wasn't entirely satisfied with him, but she didn't object either.

Being down-to-earth is a good thing.

Song Wu doesn't have much ambition for her career right now. Acting is purely a hobby and interest for her, and she doesn't make money from it.

She really makes her money from that influencer management company, which earns over 100 million yuan a year.

Chen Pingsheng didn't touch her money at all; he essentially gave his sister-in-law a free influencer management company.

Once a woman is financially secure and has children, her attitude towards marriage becomes completely different – ​​it's no longer a necessity.

Rather, it's something that's optional, and that's why Song Wu isn't too keen on getting married.

I don't want to have any more children.

Her family won't say anything to her; she can live however she wants.

He's even more dashing than his sister, Chen Qi.

Chen Qi is quite something; after discovering that cheongsam shops were particularly profitable, she opened a super large one in Jinshan.

They've been throwing all sorts of promotional ads, they're practically handing them out at the entrance of Tencent Film Group.

She's really going all out to earn more money. Chen Pingsheng bought her and her older sister each a shop on Nanjing Street, so they're definitely financially independent now.

It's simply about earning a little more money for the kids.

(End of this chapter)