Cao Dewang borrowed 6.25 million to buy Fuyao Glass stocks and now earns 20 billion

Since last year, the market value of Fuyao Glass has risen all the way, reaching a peak of nearly 150 billion yuan. In the past few years, the market value of Fuyao Glass has been stable at tens of billions for a long time. From last year to this year, many blue chip stocks have skyrocketed, and Fuyao Glass has also risen two or three times.

Fuyao Glass has skyrocketed, and the biggest winner is naturally Cao Dewang. Although Cao Dewang reduced many shares in order to do charity, his existing share of Fuyao Glass has doubled and his net worth has risen to 20 billion.

Many people don’t know. In fact, Cao Dewang was not a major shareholder of Fuyao Glass at the beginning. Fuyao Glass was also co-organized by Cao Dewang and the local government. Later, the local government decided that the factory was not profitable, so it withdrew its capital, and Cao Dewang was forced to take over the shares of Fuyao Glass. Fuyao Glass has been on the right track since 1990. Stock exchanges in the mainland have begun to rise, and Cao Dewang is also considering listing.

At that time, Cao Dewang went to Singapore to ask a friend who was doing finance. Cao Dewang asked the other party why the company has developed so well, why it should be listed and why its shares should be diluted. This friend told Cao Dewang about all the benefits of listing and financing, so he moved Cao Dewang. Soon after, Cao Dewang began to prepare for the listing of Fuyao Glass. At that time, Cao Dewang was not a major shareholder of the company. At that time, mainlanders didn’t know about stocks, and even many people didn’t trust stocks. At the time, many people thought it was silly to buy stocks with money.

In order to promote the shares of Fuyao Glass, Cao Dewang found many relatives and friends. Although these people do not believe in stocks, they believe in Cao Dewang, because they all know that Cao Dewang can make money and Cao Dewang is a very reliable person. So many relatives and friends subscribed for shares of Fuyao Glass at a price of 1.5 yuan per share.

But it didn’t take long for the market to hear rumors that Fuyao Glass could not be listed. Although this was a rumor, many people were very nervous at the time. The rumors spread quickly and people who bought the shares of Fuyao Glass were very scared. Many relatives and friends have come to Cao Dewang, hoping that Cao Dewang can buy back shares. In fact, no one has done such a thing today. How to return the sold stocks?

After consideration, Cao Dewang did not hesitate to borrow 6.25 million to repurchase all the shares of his relatives and friends in order to protect the reputation of Fuyao Glass. At that time, Cao Dewang repurchased about 4 million shares. In 1993, Fuyao Glass was successfully listed, and the stock price soared 10 times on the opening day. The stocks Cao Dewang bought with 6.25 million bonds also appreciated 10 times. This is just the beginning. At that time, Cao Dewang took the risk of borrowing money to buy these shares, which also made him a major shareholder of Fuyao Glass.

Fuyao Glass has maintained sustained and stable development since 1993, and its stock price has also risen all the way. After several splits, the market value of Fuyao Glass has now risen to more than 100 billion yuan. If Cao Dewang hadn’t risked borrowing to buy so many stocks, he would have made less than 20 billion now. At that time, Cao Dewang had no reason to pay for the things he sold, but he actually bought back all the stocks.

For Cao Dewang, whether it is 20 billion or 30 billion, it makes no difference to him personally. Because in the end he will donate it. Cao Dewang once said that all his assets will be donated and will not be left to his children. Now Cao Dewang has donated more than 12 billion, and he will definitely continue to donate his own stocks in the future.

Cao Dewang deserves to be China’s top benevolent. In fact, many people do not know that Cao Dewang has made two major contributions to China. The first Fuyao Glass was one of the earliest listed companies in China, and Cao Dewang also explored a path for Chinese entrepreneurs. In addition, Cao Dewang was also the first entrepreneur to set up a personal charity fund. No one had done this before Cao Dewang.

Cao Dewang not only played a leading role, but also promoted the legislative protection of charitable donations. What’s more rare is that Cao Dewang has done so many good things, but he is very low-key and never takes credit for it. Cao Dewang thinks that he is just a rich man who has donated some money, and he is not the best beneficiary in China. China’s real first beneficiary should be people like Yuan Longping. Cao Dewang is really a business leader worth learning from young people.