Hollywood Hunter

Chapter 496: The Family (2)

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After getting along for a long time, the couple has long been in the same mind.

Janet saw what Simon was thinking at a glance, and greeted Aaliyah, who had just brought coffee, to fetch her laptop. Although there is very little work on weekdays, as the housekeeper of the Westeros family, no one knows Simon's family background better than Janet.

Opening the laptop, Janet called up a document and said to Simon, "I just happened to do some statistics recently. Guess how much money you have now?"

Simon just smiled and looked at the document.

Janet obviously has a lot more accurate data than Forbes, so women's statistics are definitely more reliable than Forbes.

The assets under Simon's name are the easiest to count, or a series of listed technology companies.

Affected by the continuous outbreak of new technology waves, Cisco and AOL, two companies that have great advantages in the industry and show ultra-high growth, have both exceeded the $10 billion mark in market value this year. Just these two companies have contributed more than 10 billion US dollars of personal wealth to Simon.

Other technology companies such as Microsoft, Intel, Oracle, and sun have also been rising rapidly.

Taken together, as of the last trading day of last week, the total value of all technology stocks of listed companies held by Simon’s name reached $21.7 billion.

This alone is destined to surpass all the super rich people in this world.

For Simon now, however, this tech asset isn't the most important thing yet.

The most important thing, of course, is still Daenerys Entertainment.

Successfully completed the merger of mca, not only did not show the dilemma after the merger of Time Warner, Daenerys Entertainment is still developing rapidly this year, the rise of 3D animation of Pixar Studio, the complete merger of ea game company, the heavy holding of shares The rising stock price of Blockbuster, the launch of the Universal Studios Osaka plan, etc., have made Daenerys Entertainment more and more consolidated as the most powerful entertainment company in Hollywood.

Compared with Time Warner, which is still hovering in the tens of billions of dollars in market value, the current valuation of Daenerys Entertainment can definitely easily exceed 20 billion US dollars.

Daenerys Entertainment, but only one of the 'four women' of the Westeros system.

The other three women, Cersei Capital, Igret Corporation, and Melisandre Corporation, have also seen rapid expansion over the year.

Among them, the value of Cersei Capital is one of the most difficult to estimate. However, with the comprehensive strength shown by Cersei Capital at this time, if this company is listed, it will be absolutely easy to break through the market value of 10 billion US dollars.

Igreit, which has an absolute leading edge in the online field of the Internet, is even more controversial about its valuation.

However, just based on Igreit's current revenue and the general price-earnings ratio of new technology companies, the Internet company's valuation has skyrocketed to $5 billion.

Melisandre seems to be the least conspicuous among the four women. However, with the continuous increase of Gucci's revenue scale and the continuous merger of Van Cleef \u0026 Arpels, ck and other companies, Melisandre's valuation has also steadily exceeded $3 billion.

Therefore, just these four women can probably bring Simon a wealth of about 40 billion US dollars again.

In addition, the Westeros system also owns a large regional telecommunications operator, the former Bell Atlantic now renamed Verizon.

As one of the most powerful regional telecommunications companies in the Seven Bells, Simon's bargain-hunting price reached $7 billion when the stock market was at its lowest point. The North American stock market recovered rapidly after the end of the Gulf War last year. The wave of new technologies has also driven the rapid development of the telecommunications industry. Now Verizon, if it is re-listed, its market value can also reach tens of billions of dollars.

That's another $10 billion.

Immediately afterwards, the Westeros system also invested in a large number of non-listed companies such as Nokia, Qualcomm, graphics card chip development company ati, etc., plus the property and land under Simon’s personal name, the total value of these two assets. , again over $5 billion.

Finally, although the Westeros system has experienced many loan acquisitions or bond financings in the past year, the overall debt of the Westeros system, comprehensively calculated, is still only about 16 billion US dollars.

As a result, the combined assets minus the liabilities, compared with the $35 billion given by Forbes last year, Simon's net worth this year has once again risen to $60 billion.

Janet leaned over her husband and accompanies her to flip through the documents. Occasionally, she glanced at the man beside her who had completed a super snowball in just six years. This was her man.

After reading the information, Janet waited quietly for a while before saying, "I think we need to speed up preparations for the future."

The next thing, of course, is about the inheritance of wealth.

The personal wealth of 60 billion US dollars, even after 20 or 30 years, is enough to squeeze into the forefront of the world's richest list, and now in 1992, it is far more than all other rich people in the world.

For billionaires, the inheritance of wealth is always a problem that is difficult to avoid.

Although there are occasional thoughts about the flood after my death, but most of the time, Simon is not willing to create a huge business empire that collapses after many years.

In Western society, a topic that is difficult to avoid when it comes to inheritance of wealth is undoubtedly the inheritance tax.

Because of this, the woman did not renounce her Australian citizenship when Simon and Janet married.

Australia has no heritage

tax.

With Simon's influence on Australia now, it is absolutely impossible for this country to restart the inheritance tax in the future.

In addition, put the little guy in Australia to take care of Veronica. For more than half a year, the Johnston family has also quietly registered Australian citizenship for Melbourne Westeros.

It can be said that in the current Westeros family, Simon is an American, Janet is an Australian, and a certain little guy has dual nationality.

This is actually some of the layouts that the couple quietly made.

Of course, although there are still many problems, the road is a step by step.

On the other hand, although he decided to pass on the wealth, Simon did not intend to split these assets and throw them away to future children, but preferred the model of a family foundation.

The most important reason why American families such as Rockefeller, Morgan, and Ford have been able to prosper for a hundred years is the family foundation, which not only ensures that future generations cannot squander the wealth left by their ancestors, but also a unified family foundation. It can ensure the long-term cohesion of the family.

In the original timeline, Damen classmates and Warren Buffett, who called on the rich to donate most of their property after their death, were just a blind eye in the eyes of discerning people.

Bill Gates had already established a foundation in the late 1990s. If the super-rich really used all his wealth for charity, then it would be impossible for the other party to remain at the top of the world's richest list for many consecutive years. s position.

So, where is the money of the door classmates?

This means the foundation structure established by the gate students.

Externally, what the public often hears is actually the Bill \u0026 Melinda Gates Foundation, which is indeed a pure charitable fund. However, the door students gradually sold Microsoft shares, but did not put the money into this fund. But another very low-key Bill \u0026 Melinda Gates Trust.

The latter is actually a family trust.

The charitable model of Damen students is actually to allocate a certain amount of money from the trust fund every year and invest it into the charitable fund.

As for this trust fund, you can refer to the Jobs Trust Fund left after the death of Jobs on the original timeline.

The trust fund of the Jobs family, after the death of Jobs, still paid inheritance tax.

However, the inheritance tax rate is only 15%, which is obviously very low compared to the highest 50% inheritance tax in the United States.

As for why family trusts only need to pay 15% estate tax, the main reason is that, by convention, these trust funds have a charitable nature and must donate a certain amount of money to charity every year.

Although charitable, these trusts are also tax-exempt.

It is conceivable that as long as the successor can take good care of these trust funds, even if a sum of money needs to be donated every year, the overall size of the trust is likely to continue to rise. Moreover, many trust funds also have a certain contribution period.

After fulfilling the donation period, the remaining assets will all belong to the family to which the trust fund belongs.

In this regard, among the major families in the American tradition, the Ford family has done the best.

Compared with the more established Morgans and Rockefellers, the Ford family with the same long history, the total assets of the family foundation have been rising for more than half a century.

All in all, the Bill \u0026 Melinda Gates Trust Fund established by the gate students, in the final analysis, is for the inheritance of wealth. However, in Western society, like racial discrimination, some things can be done, but it is best not to say it, or at least to find a high-sounding reason.

This is political correctness.

Another Warren Buffett, the veteran rich man, also established the Buffett Foundation very early.

Buffett's long-standing call for heavy taxes on the wealthy also seems bogus in Simon's view.

Because, if the United States really levies heavy taxes on the rich, it will not actually be levied on the old-fashioned rich man.

Buffett only offers himself an annual salary of $100,000 a year. In addition, Berkshire Hathaway has never had any dividend mechanism. Therefore, Warren Buffett is not considered a 'high earner' in theory, and naturally he is not. Need to pay the 'heavy tax' that he personally calls for.

Not only that, although the federal government also called on the federal government to raise corporate taxes, but on the original timeline, taking advantage of the tax loopholes in the US insurance industry (insurance reserves do not need to be taxed), Berkshire Hathaway, who holds an insurance company , owed tens of billions of dollars in taxes to the U.S. government for a long time by converting corporate profits into insurance reserves,

Buffett has claimed more than once that Berkshire Hathaway is actually an insurance company.

The reason is self-evident.

The Simon \u0026 Janet Westeros Foundation has been in operation for several years, but it is also a purely charitable foundation.

If you want to lay out for the subsequent inheritance, at least one trust fund is needed.

Simon is only 24 years old this year, and now suddenly set up a family trust, the goal is actually too obvious.

American law is not set in stone.

Now showing the posture of making arrangements for the inheritance of wealth, it is inevitable that there will be no federal congressman or presidential candidate who finds that his approval rate is too low during the election process, so he is used as a target to gain attention.

Robbing the rich to help the poor is something that most ordinary people like to hear, even if the "rich" is robbed, the benefits cannot fall on them.

This is also a system flaw in Western society.

Those in power sometimes do whatever they can to get votes, and they don't even consider whether the proposed initiative will harm the long-term interests of a country.

In the original timeline, the super-rich tax in France is the most typical representative.

The 70% tax on the rich has directly forced a large number of the rich in France out of the country, and the French economy has also been severely impacted.

In memory, this tendency also appeared in the United States later.

The young congresswoman from the bottom of the world called for a tax of more than 70% on the rich to rob the rich to help the poor.

This society has never been fair.

There is nothing wrong with the pursuit of fairness, but if this pursuit exceeds a certain limit, it is not fair to another group of people.

If the pursuit of fairness is completely out of control, people will starve to death as a result.

Thoughts were flying, Simon nodded when he heard Janet's words, shook his head again, and said, "Yes, but don't be too obvious. At least, it is not suitable to set up a trust fund now."

Janet naturally understood Simon's concerns and said, "I know, I'm thinking, next, we should increase the proportion of overseas investment."

Although the United States is a global tax, it will definitely have more room for maneuver by putting more assets overseas.

Otherwise, the wealthy Americans would not have kept their trillion-dollar wealth outside the United States.

Melisandre is headquartered in Switzerland, Nokia is headquartered in Finland, and Cersei Capital is also registered in an overseas tax haven. This is actually Simon's instinctive layout overseas.

In the days that followed, the couple quietly discussed the next steps in the development of the Westeros system whenever they had time.

Although plans can never keep up with changes, having a plan is certainly better than having no plan.

Before I knew it, August passed quietly.

The summer season in North America has come to an end. Except for Clint Eastwood's new film "Unforgivable", which will be released on August 7, there are no other blockbusters at the end of the summer season.

In the first week of September, the new issue of "Forbes" magazine officially announced the 1992 list of the 400 richest people in the United States.

Although it has not been supported by official data from the Westeros system, Forbes magazine's calculation of Simon's personal assets is not much different from Janet's private statistics.

Of course, this is not much different, just relative to Simon's total personal assets.

$65 billion.

The figure is even higher than Janet’s private statistics. In the feature article, the extra $5 billion is mainly because Forbes is more optimistic about the Igret company than the Simon and his wife, and at the same time, the valuation of Daenerys Entertainment. Also higher than Janet's stats.

Such a number is even more unparalleled on the entire list.

The second-ranked student, although with the continuous release of Microsoft's stock price, this year's net worth has reached 7.5 billion US dollars, but in front of Simon's 65 billion US dollars, he can still only look up.

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