Top of the Great Era

Chapter 1539 There is no crisis in personal finances

Zhou Buqi actually has a lot of things to do, but when he arrived in Silicon Valley, he only lived for half a month, not to mention London, Manchester, Seoul, New York, Tokyo, and even the nearest Los Angeles. Communication via email, WeChat, video and phone calls.

On the one hand, the wife and children are all around, three daughters and one son, it is best to spend more time with them.On the one hand, the recent Silicon Valley business is the focus of his work.

Bitcoin and blockchain are on the one hand, investing in Internet finance is on the other hand, and there is the equity transaction of Netflix.

In fact, Zhou Buqi already holds enough Netflix shares, nearly 1900 million shares, accounting for more than 30% of the total share capital.Netflix's board of directors and management do not believe that his continued increase in holdings will be conducive to the healthy development of the company.

However, the emergence of Ziweixing Global has changed the entire structure of Netflix's board of directors!

Ziweixing Universal has two super film and television libraries of Universal Pictures and MGM. There are more than 8000 movies of various kinds alone, and the total number of movies and TV series obtained by Netflix's streaming media business is only 3500.

If Netflix can establish a deep strategic partnership with Ziweixing Global, is it possible that Netflix’s streaming business will not take off?
However, after the exchange, Ziweixing Global meant to wait. The new company has just been established, and if it is not possible to completely change Hollywood's inherent concept of Internet streaming media in the past few years, the impact will be too great.

Keep your feet on the ground first, and keep your eyes on Lucasfilm first.

Netflix only thought it was an excuse.

The next step is very easy. Netflix’s management proposed on the board of directors to support Zhou Buqi’s further increase in Netflix’s stock holdings.For the past two months, Senior Sister Zhen Yu has been doing this.

On November 11, a multi-party agreement was reached.

Zhou’s family fund spent a total of US$4.2 million, with an average premium of 12%, and bought 4 million Netflix shares in the primary market from four institutions.On the day the news was announced, Netflix's stock price soared by 963%, reaching $22, and Netflix's market value soared to $52 billion!
The share price has risen, which is good news for minority shareholders.

Even the outside world has made predictions.

The strategic cooperation between Netflix and Ziwei Star Global is a matter of time!

Then, Wall Street’s investment banks finally changed their low view of Netflix’s stock in the past half a year, gave a “buy” investment recommendation, and even set Netflix’s expected stock price at $85.

However, the matter of cooperation should not be rushed, wait until the gust of wind has passed, let's wait for a few more months.It is best to wait for Hulu's management to resign collectively, and wait for them to join Ziwei Star Global, and let them handle this business.

For Zhou Buqi, right now he has to deal with a problem quickly.

There is no money at home!
Now, there is only 4 million US dollars left in the account of the family fund. Even if the 6 million cash in the domestic account is added, it is still a drop in the bucket.It's not that the family's expenses are too high, but that the debt is too high.

The total liabilities of the family fund are as high as $50 billion.

Interest alone costs $3.5 million a year.

Senior Sister Zhenyu said it when the family was sitting together making dumplings. As soon as she said this, everyone present changed their faces except Wen Zhixia and Xue Baoshan.

Seeing the cold scene, Zhen Yu knew she had made a slip of the tongue, and quickly smiled and said, "Don't worry, the money issue has been dealt with long ago, and the family has made a lot of money this year!"

Although they were all secretaries, Sun Wanran was obviously closer, and asked tentatively, "What kind of income is it? Anyway, it can't be salary income."

Zhen Yu smiled, "Well, it's not salary, it's capital gains."

Sun Guanran's beautiful eyes flickered, and she said pleasantly, "It's a private placement!"

Zhen Yu pursed her lips, "Yes, it has been established for one year, and all the indicators have been met. This year, we can get the first excess dividend."

"How many are there?"

"The details are still unclear, and we will have to wait until the end of the year for settlement."

Zhen Yu actually has a rough estimate, but it's not convenient to say it on this occasion.

At this time last year, Zhou Buqi set up two private equity funds, one is Pluto Capital, with a total scale of 100 billion US dollars; the other is Neptune Capital, with a total scale of 120 billion US dollars.

She hasn't got the data today. As of yesterday, the total size of Pluto Capital has reached 131.2 billion US dollars, with an annualized return of 31.2%.

The data of Neptune Capital is not so eye-catching, but the annualized return has reached 28.7%, and the total scale has reached 154.4 billion US dollars.

The annualized returns of the two private equity funds have exceeded the 20% dividend line. That is to say, if the commission is based on the current income, the managers of the funds will get a total of 31.2+34.4=65.6 billion US dollars from the total income of the two funds. Take 25% commission.

A total of $16.4 billion!
However, this is only a floating profit on the book, and a 20% capital gains tax needs to be paid for cashing out.

In other words, the shareholders of Pluto Capital and Neptune Capital earned a total of 49.2 billion US dollars, and they made a direct net profit of 13.2 billion US dollars!
Boss Zhou has created such a big business, it is impossible for him to have a personal financial crisis.

When the Bitcoin market is established, it will be even more comfortable.

The next day, Zhou Buqi flew to New York with Senior Sister Zhenyu and Sister Baoshan to deal with the financial affairs of the family.

On the plane, Zhou Buqi asked: "Senior sister Zhenyu, the annual commission is more than one billion US dollars, so much money, can I not cash it out? Just exchange it for fund shares."

Zhen Yu shook her head lightly, "No, commissions are considered financial income, definite income, and must be taxed. This is different from floating income in the capital market."

Xue Baoshan pursed her lips and said with a smile: "Student Zhou, if all fund managers' commissions are not cashed out, then New York's taxes will not be able to be collected."

Zhou Buqi sighed, "Actually, there is no need to cash out at all, there is too much money to spend."

Zhen Yu said: "Actually, it's not that much. The family owes too much. In addition to the long-term debt of 50 billion US dollars, there are also short-term debts, which come from Neptune's capital turnover, such as the private yacht you ordered, and there are several other places. The purchase price of the real estate, the principal and interest must be repaid. What can really be obtained is about 10 billion U.S. dollars.”

Zhou Buqi asked, "Can we delay cashing out until next year?"

Zhen Yu rolled her eyes at him, "Boss, stop making wishful thinking about such little tricks, their financial system doesn't have so many loopholes for you to take advantage of!"

The capital gains tax in the United States is also different. For financial products held for less than one year, the capital gains tax rate is 1%.For financial products held for more than one year, the profit tax rate is 20%.

In other words, if the two private equity funds can delay paying commissions for a few months, the holding period can be extended to more than one year, and the tax rate is only 1%.

But it doesn't matter, this year I have to pay 20% tax, and it will only be 15% in the future.

Zhou Buqi's two private equity funds are different from other private equity funds. They are playing long-term value investment.

Zhen Yu said softly: "We have made so much money, we don't know how many prosecutors and taxation agencies are watching, we just need to follow the rules in a safe and sound way. After this time, we will sign the documents, and we will gradually complete the work in December. Cash out the funds and send them out as commissions. We don’t receive much salary, and the only income for the family every year is these commissions, so let’s keep the family fund’s healthy cash flow.”

Zhou Buqi said: "Okay, anyway, let's take care of the money, spend more money, um...you can go to Australia to buy a luxury house, and then go to the southern hemisphere to spend the winter in winter. Why don't you buy a piece of land and build a manor by yourself? Row."

Zhen Yu is not interested in participating in this kind of thing. Fortunately, Aunt Xue, Ning Yaxian, Wu Yu, and Wen Zhixia are very interested in the house, so let them do it.

It doesn't matter how much you spend.

Then, she turned the topic to Ziwei Xing and asked curiously: "What happened to that bitcoin? I heard from Guo Pengfei that you have recently become obsessed with blockchain technology?"

"Guo Pengfei knows everything?"

"Is there no such thing?"

"Yes, but it's all speculation, so it's not worth mentioning." Zhou Buqi explained frankly, "Ziweixing's technical direction has always been cloud computing and artificial intelligence, and this has not changed. However, Blockchain technology must be hyped up with bluff, and some science fiction-level technologies must be depicted.”

Xue Baoshan was very confused, "Why do you want to speculate on concepts? Doing business quietly, isn't it good?"

Zhou Buqi shook his head, "Not good."

"why?"

"The atmosphere here in Silicon Valley, you may not be involved much, and you will understand after a few visits. What Silicon Valley admires is not a giant with a high market value, but a revolutionary innovation that can change the world. In this regard, Zi MSI is still a little bit worse."

"Is it bad?"

Xue Baoshan disagreed.

Many of Ziweixing's businesses have also caused great changes and impacts on the world. For example, Helo on smartphones may change the pattern of the communication industry.

Zhou Buqi said: "Cloud computing was promoted by Google and Amazon, and social networking was promoted by Facebook. Silicon Valley cares more about 0 to 1. From this perspective, Ziweixing International is compared with those Silicon Valley giants. , will be greatly reduced in terms of attractiveness. We have not contributed from 0 to 1 in any industry."

Xue Baoshan was not convinced, "Facebook was built by imitating Xiaonei."

Zhou Buqi said: "But the United States does not have Xiaonei. In their cognition, Facebook is the originator of social networks. It is Facebook that promotes and makes changes around the world, not Xiaonei."

Zhen Yu gradually understood, "So although the concept of blockchain was proposed by Satoshi Nakamoto around Bitcoin, it has just begun and is still at the stage of 0. We have to take over this direction, Zi MSI will win the recognition and respect of Silicon Valley elites if it wants to promote the blockchain from 0 to 1 and promote the most cutting-edge technological changes.”

"Yes, that's what it means." Zhou Buqi paused, squinting his eyes, "The virtual currency around the blockchain will definitely become popular in the future. In this decentralized industry, Ziweixing International should become an industry leader. center."

(End of this chapter)