A century-old wealthy family that rose from Shanghai

New York State.

Chen Leyi, supporting her large pregnant belly, was directing the maid to clean the house.

After hearing this, Tang said with a pained expression, "This matter can be left to them. There's no need for you to supervise it personally. Why don't we go and rest for a bit?"

Seeing her husband come home from get off work, Chen Leyi smiled slightly, then said seriously, "My parents are coming to visit me, and I don't want them to see our bad side, so I'll personally supervise this cleaning."

Tang immediately said upon hearing this, "Then I'll do it. You go and rest for a bit. I promise to tidy it up perfectly!"

Chen Leyi waved her hand and said, "You're not good at this, I have to do it myself!"

Tang Wensheng felt helpless about his wife's stubborn sexiness and could only support her from the side.

He knew his wife had a very strong personality ever since they met last spring, but he still pursued her relentlessly. Finally, after only three months, both sets of parents began urging them to arrange the marriage.

In his father-in-law's words, any relationship not aimed at marriage is just playing around. Fortunately, this was exactly what he wanted.

After all, the two were approaching thirty, and both families quickly arranged their wedding. They lived in New York State after the marriage. Tang Wensheng was still allowed to work at Pfizer, while Chen Leyi managed her own investment company.

Tang Wensheng saw the shadow of a 'businesswoman' and 'female elite' in Chen Leyi, who still personally managed her investment company even when she was pregnant.

He knew that Chen Leyi wouldn't compromise, and the only one who could compromise was him. Fortunately, Chen Leyi didn't ask him to join the business world, but continued to support his scientific research.

Chen Leyi has very strict requirements, as evidenced by this household hygiene incident.

Two days later, Chen Guangliang and Jiang Meiying arrived at Chen Leyi's villa.

"Dad, Mom"

Chen Leyi happily jogged over and took Chen Guangliang's arm.

Tang Wensheng also walked over respectfully and greeted them, "Dad, Mom, you must be tired from your journey!"

Chen Guangliang said with a smile, "It's not hard work at all. How can coming to see my daughter be considered hard work!"

Tang Wensheng suddenly felt a cold sweat break out, wondering if his father-in-law was worried that he would bully his daughter. However, he felt wronged and thought to himself, "Who would dare to bully your daughter?"

Chen Guangliang patted Tang Wensheng on the shoulder and said, "Come on, let's go inside and sit down!"

However, she handed her daughter's hand to her mother, Jiang Meiying.

After exchanging pleasantries, everyone sat down in the living room.

Chen Guangliang suddenly said, "Hearing your voice, are you interested in leaving Pfizer and working for your own company?"

Tang was taken aback. He remembered that Chen's Enterprise did not have biopharmaceuticals.

"cough"

Only after hearing Chen Leyi cough did he quickly say, "I'll follow Dad's arrangements."

Chen Guangliang said with a smile, "It's not about following my arrangements, but about your own willingness! Le Yi always tells me that she only got money after getting married, and that she has no potential for career development. So, I hope that her mother and she can jointly establish a biopharmaceutical company. After all, with the development of the world economy, the prospects for biopharmaceuticals are quite optimistic and will continue to thrive."

Tang Wensheng nodded upon hearing this and said, "What Dad said makes a lot of sense. However, in the United States, large corporations have a lot of control over biopharmaceuticals. The development of a new drug often takes many years and incurs huge research and development costs."

Chen Guangliang waved his hand and said, "Money shouldn't be a problem. Le Yi has plenty of funds! I think the most important thing is to find a target for developing new drugs. We can't make mistakes, otherwise it's easy to waste money."

Tang Wensheng suddenly realized something and was surprised. He said, "I heard my father say that it was you who had the foresight to discover the article about penicillin published in a British magazine, and it was you who fully funded my father's research in this area."

Jiang Meiying and Chen Leyi were surprised. They had never heard Chen Guangliang mention this before. It turned out that their father was an important discoverer and supporter of penicillin.

Chen Guangliang waved his hand and said, "Your father is just being modest. Let's get back to the topic. I hope your mother will invest 50% and you and your husband will invest 50% to jointly establish a biotechnology company called 'Amgen.' The initial research and development direction of this company will be new drugs for treating cardiovascular diseases such as angina. The direction of this drug should be to inhibit the activity of phosphodiesterase and promote vasodilation."

Tang Wensheng's eyes lit up. Sure enough, his father-in-law had a very clear goal. He immediately said, "I am willing to take the lead in forming this research and development team and restart our business!"

Chen Guangliang nodded in satisfaction. He knew that the new drug for treating angina and other cardiovascular diseases was a hoax, and the real purpose was to develop 'sildenafil'.

Of course, if the Chen family's Amgen Biopharmaceuticals acquires sildenafil, a highly profitable drug, then they will have more funds to invest in other new drugs and enter fields such as oncology in the future.

At this point, Chen Leyi took the initiative to say, "Since Father has already thought of a clear direction, and Mother and I are investing in the same area, I think it would be fair if Mother held 51% of the shares and I held 49%."

Tang Wensheng quickly added, "That's how it should be."

Chen Guangliang smiled and looked at his eldest daughter, saying, "If it weren't for your eagerness to invest in your brother's hotel business, I wouldn't have thought of venturing into biopharmaceuticals."

The implication is that this business was originally intended for her.

Moved, Chen Leyi came to Chen Guangliang's side again, took his arm and said, "Father, I just don't want to sit around and do nothing. Although you have given me a lot of wealth, I also want to have something to do, instead of becoming a housewife who only has children."

She had no hesitation in having children, but that didn't diminish her ambition for her career.

Chen Guangliang patted her hand and said, "Don't overthink it. This business is full of variables and challenges. No pharmaceutical company can guarantee that it can develop new drugs and make money. The biopharmaceutical field is developing in a 'monopolistic' way, where big fish eat small fish and small fish eat shrimp. So this is something you two need to understand—we are far, far behind those pharmaceutical companies with hundreds of years of history."

"Yes, I know"

Although her daughter received 50% of the shares, Jiang Meiying's branch of the family still retains 50%. Once sildenafil is successfully developed, it will be a golden opportunity to reap huge profits and go public.

At that time, this industry may be managed by Chen Leyi and Tang Wensheng, but it may also return to the Chen family in the future. In other words, the company will be managed by a virtuous and capable person, or even a 'professional manager' as CEO.

Therefore, discussing the issue of ownership is unnecessary!
Later, Chen Guangliang said to his daughter Chen Leyi, "IBM's market value is now close to 1500 billion US dollars. You should gradually sell your IBM shares. Don't rush, sell them slowly, even if it takes six months. This way, the profit will be higher."

"Yes, Father, thank you for this dowry."

Chen Guangliang smiled and shook his head, saying, "It's not a dowry, but the money you're entitled to. I'll give it to you when you decide not to marry!"

"Hmm, that's 8000 million US dollars!"

Chen Leyi initially received $2000 million, but Chen Guangliang advised her to invest in IBM, which effectively means she now receives $8000 million.

Of course, the total wealth of Jiang Meiying's family has reached nearly one billion US dollars, truly making them a wealthy family in the United States. The main distribution of this wealth is as follows: Jiang Meiying's investment companies have assets worth more than 5 million US dollars, Chen Wenjin's business is worth 2.5 million US dollars, Chen Leyi holds more than 8000 million US dollars, and Chen Wenhua holds more than 8000 million US dollars.

Two days later, Chen Guangliang and his wife Jiang Meiying checked into the Ritz-Carlton Hotel in Boston. Chen Wenjin also came to spend the weekend there with Kelly and their three children, as well as the brothers Chen Wenhua and Chen Wenhai.

In the study, Chen Wenjin reported to her father on the progress of the hotel business.

After listening, Chen Guangliang said, "The Ritz-Carlton Hotel is arguably the premier super brand. Since its founding in the 19th century, it has adhered to classic style, becoming the preferred hotel for dignitaries and politicians. Extremely noble and luxurious, it has always been known as 'the roof of the world,' especially its motto, 'We serve ladies and gentlemen with the same attitude,' which is considered a classic in the industry. Therefore, you must ensure that no matter which city there is a Ritz-Carlton Hotel, it will always be the first choice for national dignitaries and social celebrities. The most important factor here is inheriting the excellent management experience of the 'Ritz Hotel.'"

Chen Wenjin nodded and said, "We've established a base at the Boston Ritz-Carlton Hotel and brought in management talent from the Ritz-Carlton Hotel in Europe. More importantly, we've brought in professional hotel managers from the United States, which has formed a plan for the gradual development of the Ritz-Carlton Hotel in the future. Of course, the Ritz-Carlton Hotel has one drawback: it can be a high-end luxury brand, but it can't be the foundation of a hotel group. Therefore, acquiring the Sheraton Hotel Management Group is very important. Even if it's just taking a stake and becoming a major shareholder, it can still achieve the effect of a powerful alliance."

Chen Guangliang said, “But don’t forget that acquiring or investing in Sheraton Hotels is full of uncertainties. So I suggest you manage the ‘Amazon Hotel Group’ well. Regardless of whether Sheraton Hotels can be acquired or invested in, your hotel business needs a complete reservation system and marketing network. This is the core system of a large hotel group. And this system requires a leading vision and strategy. You need to develop independent hotel brands slowly. In the future, you will only be acquired step by step by large hotel groups. The future development of the hotel industry will still favor group management.”

Chen Wenjin was greatly inspired and admired his father's long-term vision. He said, "Yes, I've remembered what my father said! By the way, I want to gradually sell off my IBM and Boeing shares, since the hotel development needs funds."

"It's feasible. We should make good use of loans, but we can't get too much debt."

Okay, I understand.

No real estate business can operate without debt, but Chen Guangliang had always warned Chen Wenjin not to exceed 40% in debt ratio. Of course, he had always done very well and didn't have too much debt, but this time, developing the hotel business might increase it considerably.

After discussing work, the two put their work aside and went on vacation with their families at the hotel.

The Ritz-Carlton, Boston was actually founded in 1927, making it forty years old. At that time, there were only four Ritz-Carlton hotels worldwide, three of which were still called 'Ritz Hotels'.

Could this top-tier European luxury hotel become a flagship brand for the Chen family?

Next, we'll see how capable Chen Wenjin and his management team are!
Of course, Chen Wenjin has another great advantage, which is that his father is familiar with the development trends of every region in the world and the environmental changes of every city. This is very important because a stable environment and a country or region with development potential are one of the key factors for hotel site selection.

Back to my office building in New York after my vacation.

Chen Guangliang also officially invested in Chen Wenhua: "Wenhua, you are now 25 years old, the age to start your own business. IBM stock is expected to reach its peak this year, so you can gradually cash out your IBM stock and use the funds as the capital to start your own company."

When they invested in IBM, Jiang Meiying's family had over US$120 million in investment funds, of which US$80 million was invested in IBM, accounting for about 0.4% of the total equity. Now, that US$80 million investment in IBM alone has grown to nearly US$500 million, distributed among the four companies under Jiang Meiying's family.

Chen Wenhua finally looked forward to the day when he could start his own business. He became a little nervous, because without his father's guidance, he always felt that something was missing.

Relying on their father's guidance was something the brothers never felt ashamed of; they believed their father's insight was far superior to that of economic experts.

“I want to use these funds to acquire an insurance company and obtain more capital. Of course, I always keep my father’s ‘egg philosophy’ in mind, and I will diversify my investments with the 8000 million yuan I have on hand.”

On one hand, they acquire insurance companies to increase capital; on the other hand, they diversify their investments by spreading their capital.

This is not a good match!
Chen Guangliang said, “It’s good that you think that way! But I’m warning you something: the United States is bogged down in the Vietnam War, and this bull market is expected to end at the end of 1968. 1969 is very likely to be a stock market crash. Be careful. I’ll let you know if I have any ideas.”

“I’ve taken note! I’ve always firmly believed that my father’s ‘value investing’ philosophy is the most correct one.”

Chen Guangliang said with a smile, "When Cai Zhiyong of Wall Street was known as the 'Chinese stock god of Wall Street,' didn't you feel envious and wavering?"

Chen Wenhua confidently stated, "He and I are completely different types of people."

His eyes revealed a disdain for Cai Zhiyong, the hottest 'Wall Street stock god' in recent years, whose returns even surpassed those of Buffett.

Indeed, in Chen Wenhua's eyes, his Chen family originated in Shanghai in the 1930s and, after many years of development, had accumulated a strong foundation. Even in the securities industry, their family had already made considerable profits. More importantly, family members, led by the 'second brother' Chen Wenjin, had already begun to make a name for themselves in the American business world.

Cai Zhiyong, who appeared out of nowhere, has made rapid progress in recent years, but because his investment philosophy is at odds with value investing, Chen Wenhua has never taken him seriously.

Even though the two sides had met and communicated several times.

"Are you done talking?"

Jiang Meiying walked in dressed in business attire; her black women's trousers were stretched taut by her full, rounded figure.

"Yes, we've finished talking!"

Jiang Meiying said with great charm, "What magic did you cast on them? They've all been working incredibly hard lately!"

As she spoke, she stood next to Chen Guangliang's desk, pretending to tidy up the things on the desk, bending over and sticking her butt out.

"Snapped"

Chen Guangliang slapped him, and it was incredibly elastic and resilient!

"What else could it be? Not giving it to them is just part of their career planning. Now all they need is Wenhai, but he's only 15, so there's still a long way to go!"

Jiang Meiying turned her head charmingly and said, "Then don't worry about Wenhai."

Chen Guangliang said with a smile, "Isn't it because I want you to have children so that you can build more businesses? Otherwise, one or two would be enough, so how can you say you're not worried?"

Jiang Meiying scoffed, "I think I can still have children now, so do you still want to?"

Chen Guangliang struck her buttocks again and said, "What's the point of having children? Don't you have the energy to nurture them? But today I want to see how this vixen will 'want'!"

He pulled up Jiang Meiying's pants and sure enough, it was underwear. This woman really knew him.

The moment the super-large lights illuminated the room, the war began.

The ageless "Number One Beauty" of Shanghai Beach soon began to sing the love song. Whether it was her appearance, her real skin, or everything inside, Jiang Meiying maintained the youthfulness of someone in their early 30s. Some people even mistook her for Chen Wenjin's sister.

This is also the state Chen Guangliang needs, because although he is already 57 years old, his physical vitality is that of someone in their early thirties; if these women age, he will definitely find someone younger, after all, he can't become a monk. (End of this chapter)