The Birth of Shanghai's First Conglomerate

Chapter 692 An'an Asset Package

Senior year of high school is not only a hurdle for students, but also a major ordeal for parents.

The Chen family is actually doing alright; no one takes the college entrance exam too seriously.

Only Chen An'an was particularly serious about proving herself.

She also wanted to achieve her first significant success in life through her own efforts.

This was definitely a very important test for her.

If she succeeds, perhaps there won't be many difficulties that can stump her in the future.

After all, she's an amazing girl who could even pass the college entrance exam on her own, so what difficulties could possibly stand in her way in the future?

At this important moment in her life, Chen An'an's own Anle Group, including Anle Capital established on Wall Street and the Anle Charitable Foundation covering many mountainous towns, were all taken over by Tengying Group.

These are also Chen An'an's three most important businesses.

Anle Group's most core asset is Tengchao Commercial Management, which is worth over 100 billion yuan. Once she finishes this college entrance examination, she will be able to obtain over 3.5 billion yuan in annual rent from Tengchao Commercial Management.

In addition, the world-class cruise ship, the Tengyehao, with an investment of over 38 billion yuan, will also be transferred to her personal name.

This is a maritime tourism city worth 40 billion yuan. Once its tourism license is granted, earning 1.7 to 1.8 billion yuan a year shouldn't be a problem.

It is expected to be fully completed in 2027, which is the best graduation gift for An'an.

Once they get into university, it truly means their children have grown up.

As for Erpiya, who has been accustomed to a life of luxury since childhood, the seven-star hotel between the two mountains also represents an investment of over 40 billion yuan.

She loves a life of wealth and luxury, and nothing could be a better gift for growing up than making her the owner of a seven-star hotel.

This hotel will definitely be allocated to Erpiya in the future, along with Wanda Plaza.

The two sisters are already billionaires while they are still studying.

After Chen An'an goes to university, Chen Pingsheng will hand over some of the controlling stakes in his traditional businesses to her.

This includes a 5% controlling stake in Teng Hui Department Store, a 5% stake in Deer Antler Coffee, a 5% stake in Snack Run, and a 5% stake in Xin Teng Live.

These four traditional companies will form an important business asset once she is able to complete the college entrance examination independently.

During her university years, the funds would be directly transferred to her Anle Group, making her the de facto president of four listed groups during her university years.

Traditional business is no longer very important to Chen Pingsheng.

Aside from Tencent Media, which has a market value of over 500 billion, Tencent Entertainment, which has a market value of over 100 billion, and Deer Antler Coffee, they are not very meaningful to Tencent.

The traditional businesses we operated in the early days were far less successful than the technology projects we are currently involved in.

Tengde Times includes Tengfei New Energy, Tengfei Mobile (established last year), and Tengfei AI (invested in research and development for over eight years).

They all have the potential to become multi-billion dollar corporations in the future, a potential that traditional businesses can never achieve.

This is also the main reason for his shift in focus.

Therefore, once Chen An'an is admitted to university, she will be the most beautiful and youngest president of one of the four major listed groups.

As for her younger sister Erpiya's college gifts, in addition to Wanda Plaza and the seven-star Liangshan Hotel, she will definitely arrange several listed companies in the future.

These are just gifts for them to practice as they grow up, and also the final test of their upbringing and training.

He already has an unbelievable amount of assets under his name, and many of his businesses were originally intended to be inherited by his two sisters.

I never expected that Nvidia's stock price would surge to this extent.

This also forced him to bring forward his plans and even extend the pressure to the university.

There's no way around it, investing in Nvidia has just been incredibly profitable.

To date, he still owns 3% of Nvidia shares, which is worth $900 billion at the current market value.

This is a sum of money that he could never spend, and it is also his most important core asset.

As long as this asset exists, even if the two sisters fail in all the traditional business ventures, it won't have a significant impact.

Chen Pingsheng had prepared everything for Chen An'an in advance, and even transferred most of the "golden finger luck value" he had gained from donations over the years, including improving employee benefits, to her.

This kind of luck value is more important to him than money; its greatest benefit is that it ensures that a person's life is free from illness and disaster.

Fate, luck, and feng shui are the three most important factors in life; this is no joke.

The "luck value" refers to fortune and feng shui; fate is determined from the moment of birth. Despite the illness lasting three years, no one in their family has contracted it, and even now, with frequent minor ailments, they still haven't had any.

This is the benefit of luck value.

Most people probably can't understand that once you're this rich, the ethereal value of luck is far more important than having hundreds of billions more.

It's not even comparable.

This is the main reason why Chen Pingsheng particularly likes to increase his luck value, and there are only two ways to increase luck.

One is donations, and the other is improving the happiness of internal employees.

He did a pretty good job in both areas.

Donating over 10 billion yuan annually in Shanghai is no joke.

With the imminent launch of Tengfei mobile phones, a variety of promotional materials have followed.

This includes funds donated under the name of Tengfei, which are all for the brand's name.

The biggest surprise this year was probably in May when he almost topped the Forbes list of China's richest people.

This was a list that foreign news media wanted to publish, and with his wealth, he would have been a shoo-in for the top spot.

Upon hearing the news, Chen Pingsheng immediately acquired the overseas media outlet.

The information is tightly controlled.

He couldn't possibly put himself on such a flashy but meaningless list; those who know, know.

His news only appears occasionally in major domestic financial media outlets.

As for those everyday family matters, not a single reporter dared to expose them.

To put it bluntly, this is challenging his authority by risking one's own livelihood.

He absolutely would not allow this to happen.

Just like the heirs of the two Ma families never appear in the media, no one dares to grab Chen An'an or even Erpiya and take pictures of her.

This is something that would never be allowed in a wealthy family.

Like the son of the Wang family, it can only be described as an accident within an accident. Among so many wealthy young men, he is the only one who is active on the Internet every day.

Don't mistake the unexpected for the norm. Under normal circumstances, heirs of wealthy families do not frequently appear in the media or online.

Unless he wants to create an internet celebrity persona to make money through live-streaming e-commerce.

This kind of person is not from any so-called wealthy family at all; in fact, they are a far cry from being from one.

This is something that people do only when their family falls into poverty and they encounter extreme problems.

To put it bluntly, being an internet celebrity is a stain on the reputation of wealthy families.

This is the main reason why he could let the two sisters play live streaming when they were young, but strictly controlled them as they grew up.

The life of the wealthy is simply not suitable for being shown to the public.

Erpiya can easily spend tens or hundreds of thousands of yuan on a single meal outside, how can she show that off?

When online celebrities make these kinds of videos, they're called exploring the secrets of fake wealthy families.

If they go and film it, that's just what you'd call a real high-society life.

This kind of ordinary and unpretentious luxury is the most devastating.

Almost all wealthy families, including those living in top-tier neighborhoods, strictly forbid their children from showing themselves off to the public.

Even the platform itself will judge this behavior as flaunting wealth, which is the kind of behavior that will be banned immediately.

So, no matter how much people on short videos exaggerate, there are actually very few real millionaires or foolish sons of wealthy landlords.

They're all just ordinary people who rent villas to show off, or they're just people who make money through their online celebrity status.

Xin Teng Live, including Tengyou Media, produced a large number of the earliest internet celebrities.

Chen Pingsheng was the pioneer of this kind of thing, allowing internet celebrities to use the persona of the rich to show off, but absolutely forbidding real wealthy families from displaying their daily lives.

This is quite a strange phenomenon, yet it's a platform rule that everyone generally accepts.

(End of this chapter)