He was once the richest man in Jiangxi, owning an impressive 9,800 luxury homes around Beijing.
He once spent hundreds of millions of dollars to win antiques at a sky-high price of 120 million Hong Kong dollars, just to smile.
However, his business decisions have left behind the devastated ruins of unfinished buildings in Beijing, and the hard-earned money of 240,000 investors has been wiped out, and they have fallen into the quagmire of losses.
How did he make a legend? What is the solution to the mysteries that surround him?
In 1972, Wang Yonghong fell to the ground in the family of Jiangxi civil servants, and the identity of a cleaner miraculously turned into a billionaire.
Despite the large size of the family, thanks to the generous support of her parents, the young Wang Yonghong still lived a carefree life during that time.
In Wang Yongan's first 23 years, his life was smooth, as if his wishes had come true. He was deeply cared for by his family and loved by his brothers and sisters, successfully graduated from the university he longed for, and achieved the goal that countless people envied, and joined the state-owned enterprise that everyone yearns for.
Wang Yonghong's life achievements are remarkable, surpassing the best of his peers, and still many people yearn for it.
However, with the immersion of a comfortable life, his"Rebellious spirit"But it became more and more intense, and it seemed to be an internal drive that prompted him to seek new challenges.
Wang Yonghong gradually became dissatisfied with the life path laid out for him by his father, and longed to get rid of the aura of his father and pursue self-independence. Soon after stepping into a state-owned enterprise, he resolutely violated his parents' expectations, chose to resign, and joined the ranks of the mighty "North Drift".
Despite holding the aura of a college student, Wang Yonghong's career opportunities are like stars, waiting for him to choose.
After careful consideration, Wang Yonghong resolutely gave up those opportunities. Because this kind of conformist way of going to work has not changed substantially from his past life pattern.
Wang Yonghong, who is seeking a breakthrough, decides to let go of the smoothness of the past and take the initiative to devote himself to the unknown predicament. Soon, he stepped into a gas station as a cleaner to take on a new challenge in life.
The former office elite is now tasked with cleaning toilets, which is an unacceptable change in the eyes of others, and people speculate that Wang Yonghong will have difficulty adapting.
Wang Yonghong, who has been shuttling frequently with his father in the core area of power since he was a child, knows that the car is like a machine that needs to be carefully cared for, but there were few specialized car maintenance service stations in the market at that time.
After careful consideration, Wang Yonghong decisively got in touch with his parents. With the unwavering support of her family, Wang Yonghong quickly established her first auto repair shop.
With the deep network of connections he has accumulated at gas stations, Wang Yonghong has successfully attracted many private car owners in Beijing and has become an important supporter of his early business. After tasting the lucrative profits of the automotive market for the first time, this risk-taking entrepreneur embarked on a new round of business exploration.
Not only did he aggressively expand the number of auto repair shops, but he also made a decisive foray into the gas station industry, expanding his business through acquisitions.
In the face of Wang Yonghong's astonishing decision, many onlookers secretly speculated that the gas stations that were being sold were unprofitable because of their poor efficiency.
However, Wang Yonghong chose to take over these "loss-making assets", and there seemed to be a hidden incomprehension of him in the questioning, and some people doubted whether his thinking was different from ordinary people.
Unexpectedly, the state launched a program to purchase private gas stations. With keen insight and policy opportunities, Wang Yonghong quickly obtained a cash inflow of more than 40 million yuan, and has since become the envy of everyone.
Although he was adamantly opposed at first, now seeing the brilliant achievements of his son's career, behind the relieved smiles of his parents is recognition of him.
For those who have tasted happiness in the business world, such as Wang Yonghong, after receiving 40 million cash, they will not hesitate to embark on a new investment journey and continue to pursue greater success and fun.
With a vision of excellence, in 1998, it was grasped"Housing reform"Today, we have accumulated 9,800 properties, standing on a new stage in the real estate market and becoming a new generation of industry leaders.
China's real estate market is an attractive investment destination and an opportunity not to be missed for many wealth holders.
For Wang Yonghong, who has assets of 40 million, this is undoubtedly an ideal place to pursue more wealth growth, and he is eager to get a spoonful of this tempting "wealth cake".
Once upon a time, the real estate market in Beijing's inner ring was extremely hot, and it constituted an insurmountable wall for Wang Yonghong's investment path.
At a time when everyone expected him to turn to other urban layouts, Wang Yonghong unexpectedly made a seemingly "unwise" choice - he threw everything he had in exchange for an undeveloped place on the edge of the Fifth Ring Road.
Although this vast 600 acres of land seems vast, people can't help but shake their heads when they see that farmland, because at that time, the remote location of the Fifth Ring Road really made people suspicious.
In the face of everyone's doubts, even vegetable farmers feel that the remote location is not suitable for real estate investment, but Wang Yonghong's determination is still unwavering. He was under pressure, even if he was saddled with a loan, to create a prosperous high-rise building on this land.
As he wished, with the rise of residential areas and bustling shopping malls, Wang Yonghong finally ushered in the long-awaited moment. On November 1, 2003, symbolizing the historic change, Beijing's first artery around the city, the Fifth Ring Road, was completed and officially opened to traffic.
Wang Yonghong's precious land is unexpectedly located in a transportation hub, and with the increasing development of Beijing's subway network, the once remote North Fifth Ring Road has now become a hot "** area".
With this historic transformation, the "Beijing Pixel" project stands out in the hearts of many home buyers and has become a hot object of pursuit.
The rise of Beijing pixels, so that the soil that was once ignored by everyone has now witnessed the glorious chapter of Wang Yonghong, who has turned into the attention of the industry with the success of the 9,800 real estate project"Mansion tycoon"。
He carefully constructed it"Non-central international business garden"The project has lived up to expectations and has been promoted to a key construction treasure in the capital.
Wang Yonghong built his business empire with a series of spectacular architectural masterpieces, an achievement that amassed a staggering 36 billion yuan and propelled him to the pinnacle of honor as a wealth leader in Jiangxi Province.
Wang Yonghong, with his profound strength in the real estate field, has become the focus of people from all walks of life, and a vase investment event of 100 million yuan has unexpectedly revealed the hidden economic crisis at that time.
Actresses in the entertainment industry are eager to take advantage of this platform"Soaring into the sky", flocked to him, but he, Wang Yonghong, is particularly fond of rising stars who have not yet won much praise.
His vision is unique, and Han Xiting is the bright pearl in his eyes.
Wang Yonghong's pursuit of Han Xiting can be called persistent, and with his deep network resources, he spared no effort to contact Zhang Yimou, a great director in the film industry, just to strive for Han Xiting to have a special role in the preparation of "The Thirteen Hairpins of Jinling".
Face"Capital"The strong pressure that even the master Zhang Yimou can't avoid. In the midst of a grim decision, he cleverly added it to the plot"Yichun"This role, thus realizing Han Xiting's dream, allowed her to shine as"Mou girl"。
After performing to her heart's content, Han Xiting chose to become Wang Yonghong's private art darling, and since then her creative path seems to have stopped, with few works and a sparse figure in the public eye.
By the time the public eye refocused on her, the year had shifted to 2017. This year, Wang Yonghong has always shown the demeanor of a business elite, and the real estate project of Zhonghong Group she created has become the first choice of buyers in Beijing.
When the legendary Wang Yonghong won a stunning Hong Kong auction with a stunning 1After 2.4 billion Hong Kong dollars won the rare pink and blue double dragon statue, Zhonghong Group's ** market soared like a rocket.
Surprisingly, just a few days later, the auction house launched a lawsuit against Wang Yonghong. The financial situation behind this once decisive and powerful figure at auction reveals a little-known fact - his funds are already stretched thin.
Wang Yonghong was unable to pay Qinglongzun's last payment, and the auction house's resolute lawsuit ruthlessly revealed his financial difficulties, but both Wang Yonghong and Han Xiting remained silent and did not respond.
As we all know, Wang's financial troubles are not a temporary thing, and since the success of the Beijing pixel project, his mentality has clearly changed profoundly.
Firmly believing in his investment talent, Wang Yonghong insisted on his own opinions, and in the face of all doubts and opposition, he resolutely embarked on a journey of pursuing large-scale development.
Wang Yonghong's vision is discerning, and his next strategic focus is to tourism. Despite the promising development of tourism, the immediacy of its benefits is not as rapid as that of real estate projects.
In the face of Wang Yonghong's large-scale investment, Zhongheng Group's financial difficulties have become increasingly prominent, especially the Sanya Mid-Levels Peninsula project, which has occupied a huge amount of funds of up to 20 billion yuan, which has constituted a heavy financial burden on it.
At the end of 2014, Wang Yonghong encountered an unprecedented and severe challenge. On December 19, after in-depth and rigorous investigation and evidence collection, the China Securities Regulatory Commission (CSRC) exposed 18 ** market manipulation cases led by Xu Xiang in a press conference, and its illegal activities were clearly exposed.
In the fierce fluctuations of China's **, Wang Yonghong, as a key figure in the control of 18**, gradually revealed his figure, followed by a sharp decline in Zhonghong**.
This year also unveiled the prelude to Wang Yonghong's debt crisis.
The double whammy of 2017 – Beijing"Commercial and residential projects are prohibited"The policy and the illegal reclamation turmoil on Ruyi Island in Hainan are like two sharp swords, which make Wang Yonghong and Zhonghong Group face a severe test.
The huge fine of more than 30 million yuan did not stop, but accelerated the accumulation of their debts, and the loan pressure of more than 80 billion yuan followed.
In the face of the chaotic situation in Zhonghong, both professionals in the financial circle and onlookers call themselves the past"Invest in Wizards"Wang Yonghong's follow-up was full of curiosity.
However, his actual move was unexpected and surprising!
In December 2017, Wang Yonghong, without the permission of the board of directors, conducted an illegal transaction and transferred Zhonghong 61A huge amount of 500 million yuan was injected into a business of a subsidiary, which was like a sequelae of a storm, leaving a mess in vain.
Now, the cash reserves in Zhonghong's account have decreased significantly, why is Wang Yonghong so urgent to transfer money to the subsidiary to pay? What are the urgent business needs behind this?
After an in-depth investigation by the board of directors, the funds ostensibly flowed to the subsidiary, but in fact, they secretly crossed Chen Cang and went directly to Wang Yonghong's private account. After the huge amount of money arrived, Wang Yonghong decisively took Han Xiting overseas to escape tracking.
This shocking news was like a thunderbolt from the sky, ruthlessly destroying Zhonghong Group, the stock price collapsed instantly, and the anger of creditors was like a frenzy, directly drowning the company's door in the whirlpool of debt.
No matter where he is, his hometown has always been hampered by debt problems - even when he is far away, Wang Yonghong's heart is still shrouded in the shadow of debt, and he has not stopped.
On August 27, 2018, Wang Yonghong unexpectedly announced through Zhonghong that JDB and the company had reached a major agreement involving operational custody and debt restructuring.
This good news has made the market see the hope of Zhonghong's revitalization, and shareholders have restored their confidence in Zhonghong ** and bought a large number of them, encouraged by JDB's help.
On the occasion of the day, the share price of Zhonghong ** soared significantly, followed by the enthusiasm of investors, and the number of shareholders exceeded the 240,000 mark in one fell swoop.
However, in the early morning of August 28, the senior management of JDB Group suddenly came forward to clarify, firmly denying the existence of any official cooperation with Zhonghong, which was unexpected.
Directly revealing the problems in Wang Yonghong's contract, we use data to directly attack the truth and expose his false disguise.
At this moment, the truth was revealed, and it turned out to be Wang Yonghong's secret hand. JDB Group's announcement was like a hammer, knocking Zhonghong's share price into the abyss and making the dreams of 240,000 investors come to naught.
As a member of a family of civil servants, Wang Yonghong's father was deeply affected and found it difficult to accept his son's violation of the law. Unable to bear the double blow of debt and scandals with his relatives, he sadly passed away.
In the face of possible crimes and many confrontations, Wang Yonghong seemed to feel deeply remorseful and chose to live overseas, even his father's farewell ceremony He was unable to attend, sticking to his own seclusion.
is like a net of heaven and earth, negligent but not leaky, although Wang Yonghong carefully hidden, but the legal net is restored, in 2019, my country's unremitting pursuit finally brought him into the trial of the law.
With the steady progress of the economy, there are always people like seagulls soaring, emerging in the tide of the economy and achieving brilliant achievements.
Unfortunately, some people fail to understand that individual success is rooted in social and collective support. When they can't keep pace with the collective and miss the opportunity to share prosperity, they will face the situation of being eliminated and in a difficult situation, just like Wang Yonghong. Wang Yonghong