Chapter 932 Funeral and Influence

Little Morgan is dead.

The death was very sudden. Yesterday Li Zitao was still wondering whether his body had reached its end.

Heard the news the next day.

The shock caused by Morgan Jr.'s death on Wall Street was more than just a storm of rhetoric.

On the day when the news of the death was announced, JP Morgan's stock price jumped three times in a row, which shocked the entire financial industry.

Stanley was less affected because it was a partnership system after all.

However, Stanley's phone was almost rang that day, and everyone was worried about the fall of the financial giant.

The more than 100 companies controlled and indirectly controlled by Morgan have also been greatly affected.

Eliminating this effect cannot be accomplished overnight.

Harry Morgan had his hands full for the next year.

Still, this is good news for rich countries.

Juliana, who just finished the crazy last night, put all her energy into work again.

The shareholders of JP Morgan also had frequent contact with the management of Fuguo, and this shock made them see JP Morgan's dependence on the Morgan family.

If you want to get rid of this dependence, you need to introduce more funds and help.

And in today's Wall Street, and even the entire world's financial industry, there is no better choice than rich countries.

Because, no bank can compare with its cash reserves.

Not even the Fed.

If you want to print money, you need the US government to pay for it.

Otherwise, what they print out is a pile of waste paper.

And the Lee Bank Holdings Company where Wells Fargo is located, referred to as "L-BhG" financial alliance, is "printing" a full amount of banknotes at full capacity every day.

In the past, Morgan relied on his good relationship with European royal families and nobles to monopolize the financial business transactions in Europe and the United States.

Wells Fargo now replaces it.

But rich countries rely not on friendship and relationships, but on their irreplaceable importance.

The loans required by the allies, the advance payment for various arms purchases, and even the military supplies and military funds of some countries are all loans provided by rich countries.

During the war, when the interests of all walks of life were severely suppressed, the rich country with sufficient funds was the father of everyone.

However, in order to prevent the future Li's Bank Holding Company from falling into the fate of Morgan, the heir only has the right to pay dividends and has no management rights.

Li Zitao is already making various preparations, such as splitting his L-BhG shares.

In L-BhG, Li Zitao holds 35.5%, the undisputed largest shareholder.

He plans to split 30% of the shares, 10% of which will be transferred to the Li Family Fund as a welfare and stable income for future generations.

Another 10% of the shares are put into Los Angeles City Bank, and its shares are 100% held by Li Zitao, without any dispute.

The last 10% of the shares, Li Zitao is going to put it in, which is the Li's Higher Education Student Fund.

The advantage of doing this is that it can provide the Li family with a steady stream of high-level talents and allow the family to earn enough prestige.

More importantly, no one dared to touch this part of the shares easily.

It does not represent anyone's cake, but may summarize the great benefits of every family, and everyone may have the opportunity to use it.

Even Li Zitao's descendants cannot easily touch this cake.

But it was also because of this that it seemed particularly safe. As long as his sons were not out of their minds, they had to smash this big pot by themselves.

Then, this part of the shares will be firmly controlled by Mrs. Li.

After doing all this, on the surface, the shares of L-BhG controlled by Lee are only 5.5%.

Becoming the smallest shareholder other than Jonathan also allows the public to shift their attention to other people and become less conspicuous.

In capitalist countries, foundations are the best shield to transfer hatred and gain reputation.

Every year, you only need to invest 5-12% of your income into charity, and you can spend a huge amount of money flowing into your wallet amidst countless thanks.

What's more, there is no need to pay taxes.

But it is precisely because of this that more rich people are willing to invest in charity and promote the development of all walks of life in society.

Pros and cons are for everyone to judge.

Money, to Li Zitao now, is more and more like a string of symbolic numbers.

How much money he has now, even he doesn't know.

All he knows is that no matter what he is doing, profits will flow into his account every minute.

At the same time, the taxes he paid were getting less and less, and his net worth on the surface was getting lower and lower.

Some people speculate that his worth has exceeded 5 billion, while others say it is 10 billion.

But no one will take it seriously, just treat it as a boring chat, there is only one thing they know and confirm; he is very, very rich.

In fact, Li Zitao was also puzzled by this question, "How much money do I have?"

"Boss, this question may take some time." Tia, who had just taken over, said helplessly.

It is indeed a huge project to calculate Li Zitao's worth.

Especially after he intentionally changed his shares and formed multiple cross-holdings, it would take a lot of time to clear these shares repeatedly.

"It's okay, I think the most important thing is time." Li Zitao has been very leisurely recently.

At the age of 30, he has entered the semi-retirement stage.

Because there are too few things that he needs to handle personally.

Unless it is some particularly important events, or the annual general meeting, related to the internal review of the company, etc., the rest of the things do not need him to take action at all.

However, the daily work schedule is still very full.

Just because he doesn't need to come forward doesn't mean he will allow the company to develop itself without understanding the company's development direction and progress.

At this stage, what needs the most attention is the negotiation with JP Morgan.

For this financial enterprise that has lost its soul and is no longer under the control of the Morgan family, Fuguo has opened its mouth to it, looking for the right time.

The ambition of Fuguo is not terrible. What is terrible is that inside JP Morgan, many shareholders are happy to see this matter.

Crises often come from within, and this is exactly the case for the current JP Morgan.

And Harry Morgan, the younger Morgan's successor, is busy with his father's posterity and his influence on Stanley.

If he had a choice, he hoped that his father could persist for another year or two.

Even if he can only be like a 'corpse', lying on the bed and relying on various instruments to survive, it is far better than the current situation.

"After Morgan is settled, what is our next goal?" This is the question Jonathan asked him on the phone.

"Maybe, the next enemy is between us." Li Zitao replied jokingly.