Reaching the age of thirty, my income randomly doubled - Chapter 1029 - 772: Prodigal Son Fund

Chapter 1029: Chapter 772: Prodigal Son Fund

Chen Pingsheng indeed intended to train his daughter-in-law, Su Xiaoxi.

Chen Lu’s talent was quite unremarkable, and he himself had that laid-back personality since childhood.

He disliked too many disputes and especially loathed those office business competitions.

With such a personality, it was absolutely impossible for him to obtain the controlling shares of Tengfei AI, Tengfei New Energy, and the globally leading solid-state battery company, Tengde Era.

Since he couldn’t be expected to inherit the family tech groups, the next step had to be planned.

His children, with the current business resources and amount of funding, would make at least tens of billions annually.

Although Er Piya was a bit lazy, she herself could generate a net profit of two to three hundred billion through investments every year.

She was already considered a prodigy in the investment field, and that on a global scale.

Although the profit was high, her annual investment amount was in the trillions.

That is to say, maintaining a 20% to 30% profit margin on a trillion-level investment annually was already very impressive.

The larger the investment, the smaller the profit margin tends to be.

For annual investments above the trillion level, maintaining an over 10% return rate per year was considered excellent.

If one could maintain above 15%, then they’d be considered top-tier in global investment banks.

Like Erya now, still maintaining over 20%, many banks and global consortiums are eager to send her money.

But she doesn’t need it.

The family’s cash reserves are unimaginably high.

Chen Pingsheng, even without any bank loans or borrowing from anyone, could mobilize funds of three trillion at any time.

This is fundamentally different from virtual assets; just like in emergencies, no matter how many properties you have, they can’t be liquidated immediately.

Being able to mobilize cash reserves at any time, this is the true bottom line of the family.

In the past few decades, the only ones truly able to mobilize over a trillion in a few hours would probably be Xiangjiang’s richest man, Li.

And in global tech groups, Apple’s cash reserves are as high as 350 billion US Dollars.

They have always been incredibly strong, probably for this reason.

Think about it, the group can net over a hundred billion US Dollars annually, while its cash reserves reach 1.5 trillion RMB.

With such funds, what major challenges can’t be overcome?

Among Chen Pingsheng’s tech groups, the one with the highest cash reserves is Tengfei AI.

As of last year, it had already reached 40 billion US Dollars.

Mainly because the new generation of robots was selling like hotcakes in the global market.

Next, Tengde Era has 24 billion US Dollars in cash reserves, Tengfei New Energy Cars have 18 billion US Dollars, and even the least, Tengfei AI Phones, has 12 billion US Dollars in cash reserves.

Cash reserves are essentially like a family’s bank account balance, the more the family savings, the higher the risk resistance ability.

A group’s cash reserves actually enhance risk resistance capability to better handle market crises that can change at any time.

This is completely different from family reserves, even absolute majority shareholder Chen Pingsheng can’t privately misappropriate these group reserve funds.

The only thing he can access is his family’s reserve funds.

That is to say, the family funds accumulated annually through investment or project profit sharing.

Even though only 50% of the group’s yearly dividend is distributed, earning 100 units and only distributing 50.

The remaining 50 are to be accumulated in cash reserves or used for future large projects.

His group may be many, but the projects he owns globally are even more.

In 2029 alone, he cashed out NVIDIA shares, and took 75 billion US Dollars to invest in stable global projects.

Including ports, major infrastructure, and hydroelectric livelihoods projects.

His family’s annual profit globally is definitely not less than ten billion.

Th𝐢ѕ 𝗰hȺp†𝙚r 𝖎𝑠 p𝑜𝕤𝓉ꬲ𝒹 b𝗒 𝒦𝗶𝙩𝗲ηⲟ𝐯𝖾𝘭

And this doesn’t even include the group dividend rights allocated to the three children.

The global project dividends that he and his wife Song Yanxi still receive alone exceed ten billion annually.

With such an enormous total profit, frankly, unless one had unrivaled talent coupled with decades of nurturing, they couldn’t handle such astronomical wealth.

An’an, including Er Piya, each took over part of the group dividend rights, then utilized their abilities to create more wealth independently.

Er Piya completely focused on global investment, with large investments yielding substantial returns.

An’an mainly proceeded cautiously with projects and managed groups, enhancing annual returns through group appreciation.

As for Chen Lu, his investment talent was mediocre, he lacked the motivation to run a group, and was even less inclined to start a business.

No matter how he was stimulated, it was useless; in the past, the only one who could spur him forward was Su Xiaoxi.

Now, after getting married, he’s resumed his laid-back lifestyle.

In the future, he will just be an ordinary worker in his own group, and whatever level he can achieve is entirely up to him.

For Su Xiaoxi, some industries will definitely be arranged.

For a family like theirs, living off the family’s wealth is not allowed; in other words, whatever amount you spend annually, you must at least earn back more than twice that.

If one lacks this capability, perhaps they should consider Old Chen’s spendthrift fund.

Chen Pingsheng already spent 50 billion to set up such a spendthrift fund for anyone truly incapable of earning.

Every month, one can only receive ten million from the spendthrift fund as a fixed living allowance.

No more than this.

This amount can be received from the day one becomes an adult until the day one dies.

If one’s children are still unable to create wealth, they can continue receiving it.