72 billion!China s richest woman has changed hands, 94 year old Kuang Xiaoqing debuted first, what i

Mondo Finance Updated on 2024-01-31

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Evergrande lost 812 billion yuan in two years, and Country Garden lost 50 billion yuan in half a year

Obviously not, not long ago, a 94-year-old lady relied on the real estate business to become the richest woman in China.

In the past year, she has collected HK$6 billion (calculated on a share-based basis) by collecting rent alone.

She is China's "richest" old lady and Guo Desheng's wife - Kuang Xiaoqing.

Among the four major families in Hong Kong - Cheng Yutong family, Guo Desheng family, Li Ka-shing family, and Lee Shau Kee family, except for Lee Shau Kee, the first generation of founders all married rich daughters.

It can be seen that marrying the right wife is really prosperous.

Kwong Xiaoqing's family has been running a dyeing workshop for generations, and her father gave her a mansion in Guangzhou when she was born in 1929.

When he was 7 years old, due to the unexpected death of his father, Kuang Xiaoqing's family began to come out to work, and thus met Guo Desheng, who was 20 years older than him.

However, at that time, Guo Desheng was only a small shopkeeper of the "Hung Cheong Hekee" grocery store in Hong Kong.

I have to say that compared with those "Puxin women" who want to have wealth in one step, rich daughters can better identify those potential stocks, and they can not only harvest wealth but also enjoy the psychological identity of "sharing weal and woe".

As a virtuous helper, Kuang Xiaoqing carefully cultivated six children (three sons and three daughters).

The three sons (Guo Bingxiang, Guo Bingjiang, and Guo Binglian) did not become the children of the gentlemen, but all entered the world's famous schools.

Among them, Guo Binglian holds master's degrees from two top universities, Cambridge University and Harvard University.

The behavior of serious parenting since childhood made the children extremely convinced of Kuang Xiaoqing, and also established the old lady's family prestige in the future.

As the mother-in-law of the big family, Kuang Xiaoqing also attaches great importance to family education and family morality, and helps the eldest son's daughter-in-law Li Tianying to fight the "little three".

In the mid-to-late 90s, Guo Bingxiang and "confidant" Tang Jinxin got together again, ignoring his mother's advice to "leave that woman", once let Tang Jinxin enter the house, and even introduced her into the group as a director.

As a last resort, Kuang Xiaoqing chose to use the power of the family to balance Guo Bingxiang, and asked him to handwrite the "Eleven Family Rules" promise, stipulating that he could not divorce Li Tianying, and prohibiting Tang Jinxin and his children from participating in the group's business.

After Guo Bingxiang's death, Kuang Xiaoqing divided his property into two, half of which was directly distributed to Li Tianying, and the other half was divided equally between Li and his three children, so that Li suddenly had a family foundation of 30 billion.

Guo Bingxiang, the eldest son who was proud of him when he was young, is also the person who will make Kuang Xiaoqing sad and troublesome the most in the future.

In the early 90s, due to the kidnapping of Zhang Ziqiang, the thief of the century, Guo Bingxiang's temperament changed greatly, and he began to oppose his two younger brothers everywhere, and Guo Desheng's desire to "rule together with three sons without separating the family" was almost shattered.

At the critical moment, it was the 79-year-old Kuang Xiaoqing who turned the tide and became the family's "Dinghai Shen Needle".

Don't look at the perennial behind-the-scenes and don't interfere in the specific business of the family, but after the launch, Kuang Xiaoqing's methods are also extremely ruthless and decisive, even Li Shauji was amazed, and bluntly said that he wanted the son of the Guo family to listen to his mother.

At that time, Kwong Xiaoqing was worried that the infighting between the three brothers would affect the stability of Sun Hung Kai, and she decided to solve the problem herself.

Kwong Xiaoqing gathered the three brothers for a conversation and told them that Sun Hung Kai is a family business and needs brothers to work together.

She hopes that the three brothers can put aside their personal grievances and work together for the development of the company.

After listening to Kuang Xiaoqing's words, the three brothers all felt a little guilty in their hearts. They all pledged to do their best to protect the interests of their families and the company.

But later, Guo Bingxiang repeated it again and again. Kwong Xiaoqing had to reluctantly kick her out of the game and step up as chairman.

However, Guo Bingxiang finally got the corruption case of the century.

When the family encountered another crisis, Kwong Xiaoqing once again showed his decisiveness, reorganized the family trust and kicked out Guo Bingxiang, and introduced Guo Bingxiang's family and two sons to jointly control the family trust.

Sun Hung Kai Properties has been listed for more than 50 years, and although it has experienced different economic cycles, second-generation infighting and other problems, it still maintains a stable operation, with a total market value of more than 200 billion yuan, and Kwong Xiaoqing has made great contributions.

It was her own efforts that prevented the "second generation" from separating the family, and Sun Hung Kai found a steady path of development.

Compared with Evergrande, Country Garden and other upstarts in the mainland, Sun Hung Kai is stable enough although it does not have a sales volume of 100 billion yuan.

It is different from the single profit method of mainland real estate enterprises - to earn the difference between real estate and land prices.

Sun Hung Kai has a very rich profit channel. In terms of real estate business, it adheres to the balanced layout of the two wings of "residential development + property self-sustaining".

Sun Hung Kai & Kai alone owns 20 buildings in Hong Kong, such as Global ** Plaza, IFC and other top commercial real estate.

In the mainland, Sun Hung Kai also owns many shopping malls in the mainland, such as the International Financial Center in Shanghai, APM in Beijing, and IGC in Guangzhou.

Due to the early entry into the market, the commercial real estate in these first-tier cities has been able to make a steady stream of blood for the group.

According to the financial report, Sun Hung Kai property leasing revenue only accounted for 21 percent of the total revenue06%, but the profit accounted for 3818%。In the non-mask period, Sun Hung Kai's rental income has been maintained at around HK$25 billion for a long time.

Looking at Sun Hung Kai Properties' business, it is not difficult to find that the company's assets are often concentrated in high-quality first-tier cities, and it has a stronger ability to resist cyclicals.

Evergrande and Country Garden are from outside the "Fifth Ring Road" and are obviously the most prone to depreciation.

It is worth mentioning that Hong Kong tycoons have never been aggressive in leveraged investment, with less debt, and adopt a "intensive farming" development model.

Taking Sun Hung Kai as an example, its assets have exceeded 800 billion yuan, and its liabilities are only 20% of its total assets, so their net worth is often real wealth.

On the other hand, many other rich people are often in the capital market bubble, and a little wind and waves may go to the "loser".

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Author: and Zhengsheng

Editor: Ichiyigi

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