Chapter 3895 3897 [One Billion Funds]

Xiang Nan successfully obtained a $50 million investment from Sam Walton, and he then released the news.

However, the outside world was skeptical about the news.

On the one hand, $50 million is not a small amount. Sam Walton became the richest man in the United States, with a net worth of only $3.5 billion, most of which was Walmart's stock, so it was not easy to come up with 50 million.

And although Xiang Nan successfully predicted the 87 stock market crash and gained a wave of popularity. But that is still different from real investment.

After all, stockholders can analyze the market, but being able to make money from the stock market is the real hard skill. At present, Xiang Nan has no actual results to support himself;

On the one hand, Sam Walton has always been frugal and cautious about investment.

Many investment banks on Wall Street have wanted to help him manage his finances, and I don’t know how many financial projects they have carefully created for him, but the old man is unmoved, and he doesn’t believe it at all, no matter how much the investment banks say.

The investment banks on Wall Street had given up on him long ago, thinking that he would not entrust others with financial management, so they had blacklisted him. Now, when they heard that Xiang Nan had received a $50 million investment from him, they naturally did not believe it.

However, the outside world's doubts soon dissipated.

Because Sam Walton himself stood up and said that he did invest $50 million in Xiang Nan's financial management company, and expressed his great recognition of his financial management ability.

As soon as the news came out, the outside world was in an uproar.

"Didn't he never trust investment banks? Why would he invest $50 million?"

"Fifty million dollars is not a small amount. Why not invest in us?"

"Didn't you judge that he would not accept entrusted investment? Why can he get a $50 million investment?"

The economic advisors of major investment banks were scolded by their own managers.

Not only because $50 million is a huge investment, it can allow them to get hundreds of thousands or even millions of dollars in commissions every year.

More importantly, as the richest man in the United States, Sam Walton has a very strong orientation.

When he invested money in Xiang Nan, it was equivalent to using his fame, status, and reputation to help Xiang Nan guarantee it. As the richest man in the United States and a business tycoon, his fame, status and reputation are almost invincible.

So although Xiang Nan's wealth management company has just been established, it is destined to become a hot commodity in the investment banking industry after receiving investment from Sam Walton. I don't know how many rich people will rush to invest their money in his company.

Although there are many rich people in the United States, there are even more investment banks. Generally speaking, there are too many monks and too little porridge.

When the rich invest in Xiang Nan, other investment banks will definitely face losses, and this is exactly what they fear.

...

And the facts have proved that the concerns of these investment banks are indeed not unreasonable.

Because of Sam Walton's endorsement, Xiang Nan's investment bank soon welcomed a large number of customers, and they were all willing to give their money to Xiang Nan for investment.

The scale of Xiang Nan's funds quickly expanded to US$1 billion, which is of course not worth mentioning compared to large investment banks such as Goldman Sachs, Merrill Lynch, and Lehman Brothers that manage hundreds of billions of dollars in assets.

But you should also know that Goldman Sachs, Merrill Lynch, Lehman Brothers, etc. were all founded in the last century, and they all have a history of a hundred years. Xiang Nan's Daguang Wealth Management Company has only just been established.

So it is really quite good to have a scale of one billion. In time, it may become the sixth largest investment bank in the United States.

Xiang Nan also quickly established his own network with these clients, including wealthy people, politicians, celebrities, farmers, old money, and so on.

They believe that Xiang Nan can help them make money, and Xiang Nan just happens to use their connections and power to protect the safety of his property.

Xiang Nan then began to invest in stocks, futures, bonds, etc., and moved out of the Silicon Valley community with Qiaogu and came to the famous Los Angeles.

In Beverly Hills, he spent five million US dollars to buy his first mansion.

This mansion covers an area of ​​20,000 square meters and has five bedrooms, six bathrooms, swimming pools, gardens, courts, garages, bars, entertainment rooms, gyms, private theaters, etc.

In Beverly Hills at that time, this was already a top mansion.

And Xiang Nan also took advantage of it. Because the owner of this mansion had just suffered heavy losses due to the stock market crash in 1987, he had to choose to sell the mansion to recover blood.

If it were sold at a normal price, this mansion could be sold for tens of millions of dollars. But now, due to the stock market crash, many wealthy people have suffered heavy losses.

In this case, even if they are as rich as they are, they will temporarily choose to save money, so Xiang Nan picked up a bargain.

…

"Daguang, this house is bigger than our village." Qiaogu said to Xiang Nan in surprise.

It only takes her ten minutes to walk around their village. But it takes twenty minutes to walk around this house.

"No, it's smaller than our village." Xiang Nan waved his hand and smiled, "There are still so many mountains and fields in our village."

"Are we big capitalists now?" Qiaogu asked curiously again.

"Yes, and we are real capitalists." Xiang Nan nodded and smiled. He now has capital in his hands, and has not involved in any real industry.

"It's something I can't even dream of." Qiaogu sighed again.

Ten years ago, they even had a problem with having enough food. Ten years later, they live in such a big mansion, with ten servants alone.

If someone had told her that she could live such a life ten years ago, she would have thought that person was talking nonsense.

"Since you married me, I will of course give you the best life." Xiang Nan said with a smile.

"But I am the only one living so well, and I really feel a little bit sorry." Qiaogu waved her hand and said, "Daguang, since we have so much money, why not give back to our hometown."

They made so much money, but apart from sending money home, they did not do anything for the folks in Chenjia Village. Qiaogu is a kind-hearted person, and she felt a little uneasy.

"I know, but it's not appropriate now." Xiang Nan waved his hand and said, "I promise you, in a few years, I will definitely return to the mainland to invest."

He thought of returning to Yiwu to invest in 1992, helping to build factories, producing hardware, clothing, shoes and socks, toys, home appliances, etc., and then shipping them to the United States through his own channels, and even selling them all over the world.

But the timing is not too good now. On the one hand, the overall environment is not stable enough, and there are still some fluctuations; on the other hand, his foundation in the United States is not stable.

Daguang Private Equity Fund has just been established. Even with the guarantee of Sam Walton, those investors cannot trust Xiang Nan 100% before seeing the actual benefits, and their interest alliance is naturally not solid.

In this way, it is not so easy for Xiang Nan to use his influence to help Yiwu products expand channels. So he also needs time to prove himself.