Reaching the age of thirty, my income randomly doubled-Chapter 516 - 315 Huge Cash-out

Chapter 516: Chapter 315 Huge Cash-out

His pockets had been flush with money for a while, but in a blink, it was all spent.

Among his current businesses, Xin Teng Live Streaming was soonest able to IPO.

Once Xin Teng Live Streaming went public, it would be the first stock in the influencer economy.

The significance of that was still very substantial.

Since last year, he had cashed out his shares in Xin Teng Live Streaming multiple times.

As of now, only 20% of the shares remained.

Considering 60% cash out, that would be only 12%.

Luckily, the influencer economy at Xin Teng Live Streaming was vast, owning nearly ten thousand female broadcasters.

There were also a hundred and thirty with fans exceeding a million, and about twenty with more than ten million.

About half of them were past contestants from trainee competitions.

The rest just earned a monthly salary ranging from six thousand to twenty thousand.

That’s how the influencer economy worked: sizzle for a short time and make a fortune, or yell your heart out without fire and earn mere ordinary wages.

As for the workforce, one could only say their quality was mixed!

Offline, looking for a big brother was routine.

As for female broadcasters, if short videos didn’t catch fire and there were no big brothers to spend money in their live streams, incomes simply wouldn’t rise.

Chen Pingsheng didn’t interfere with these issues; mainly, it was too much to manage.

Most who became influencers were not highly educated, so expecting them to follow rules strictly was utterly unrealistic.

The entire industry was like this. In his own words, only a fool would look for a wife in live streaming rooms.

Xin Teng Live Streaming’s annual profit fluctuated between thirty and forty billion, all realized through promoting products.

By the standards of Xiangjiang’s price-to-earnings ratio, its IPO valuation would likely be between 350 billion and 480 billion.

Second only to his Tengying Entertainment.

Regrettably, the influencer economy lacked stability; a single directive could shake the whole industry.

It was difficult to say whether the state would intervene in the future. After all, these days, many young people longed to be influencers without engaging in any other occupation.

Several years from now, perhaps when asked what they want to do in the future during class,

in their era, they would have said teacher, policeman, scientist.

The answer from children in the future might just be to become an influencer.

The reason being, many scientists work a lifetime and don’t earn as much as an influencer does in one year.

Because of this factor, the future of Xin Teng Live Streaming was filled with uncertainties.

This uncertainty mainly concentrated on regulatory strategies.

Eventually, the valuation given by Xiangjiang was 240 billion, which was half what it would normally be.

Chen Pingsheng still agreed since he now needed money for more significant endeavors.

On May 12, Xin Teng Live Streaming officially completed its IPO ceremony in Xiangjiang.

He also successfully cashed out 28.8 billion as desired.

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Not just on his part did he make a significant sum, but Chang Fu also achieved complete financial independence.

He himself had never touched that 20% of his shares.

He suddenly became a well-known new rich in Magic City, and also the president of a listed enterprise valued in hundreds of billions.

He also became the absolute leader in the entire influencer field.

Chen Pingsheng had merely cashed out Xin Teng, which was surviving attached to Kwai, and he still had a Teng You Media that grew alongside TikTok.

The likelihood of being short on money in the coming year was low.

He stayed in Xiangjiang for three full days before returning to Magic City, then went straight to the headquarters at Golden Mountain.

It wasn’t just him who had come there; accompanying him were Chang Fu, Tong Zelan, and his wife Yang Qian.

The old factories at Golden Mountain had already been moved, pushed by the local leadership.

Tengying Town was about to undergo extensive construction here, so the demolitions naturally needed to be quick.

The drizzling rain added a mysterious beauty to the shores of Golden Mountain Lake.

Currently, their family owned the Water Cloud Space University, which spanned more than a thousand acres at Golden Mountain and had nearly ten thousand students.

They also had a Tengying five-star internal charity hotel close by.

“Old Chen, the design drawings aren’t even ready yet. What brought you here again?”

Chang Fu shared a large black umbrella with him.

Chen Pingsheng said, “I’m not here to see Tengying Town. This area will probably have six to eight thousand top-tier employee apartments. These are for the transitional use of new Tengying employees. Besides these, I plan to buy this entire area to build a Tengying Eco-community that spans over a thousand acres.

“Most of the employees being able to afford a home here is also a responsibility we bear as employers.”

“Are you out of your mind?”

Chang Fu exclaimed in surprise, “A thousand acres of commercial residential land? How much money would that cost?”

“Over ten billion, I guess. Actually, it’s not too bad. The land and construction are expected to cost about twenty billion in total.”

Chen Pingsheng genuinely wanted his employees to own a place in Magic City.

At least once these houses are built, even if it means providing interest-free loans for the employees to buy them, that would significantly lessen their financial burden.

Everyone who has bought a house knows how high bank interest can be.

A loan of one million would cost at least 1.5 million to repay.

He personally used his own money to buy the land and to fund the construction, just saving them the bank interest alone could make most of them deeply grateful.

In the end, running a business means bearing certain social responsibilities.

Especially for them, the employers.

Another key point is that by having the houses built, it would also help attract high-end talents in the future.

Moreover, this was also indirectly hoarding a batch of super large commercial real estate.

Spending twenty billion now, with the current rate of increase in housing prices, it was definitely impossible to incur losses.

Especially since it was him buying and building on his own.

Chen Pingsheng talked with local leader Zhao Sheng about this, a thousand acres of commercial residential land was not something any leader would dare sell to him privately.

It ultimately still had to go through the bidding and auction by the Ministry of Land and Resources.

Buying it wouldn’t be an instant affair either, it also required the leaders to first plan such a huge area.

At this stage of Tengying’s development, they were no longer just amusing themselves by satisfying employees with high salaries.

They were aiming deeper, trying to solve their employees’ housing worries, those shelters against the elements.

This was his future direction of development, starting off by building a thousand-acre Tengying Ecological Community here.

The more money at home, the greater the social responsibility.

If he didn’t do more good deeds, who would ensure the safety of his assets?

Chen Pingsheng finally decided to shake things up at home on May 19th.

This was money he planned to use for building houses for his staff, hoping for a significantly high multiplier.

“Ding, congratulations host, today’s accumulated income is 2.8 billion. Would you like to enable random multiplier?”

“Enable.”

The familiar Golden Dice appeared again, vigorously tumbling through numbers one through five.

It finally stopped dead on six.

Perhaps even Golden Finger Grandpa knew he was going to use this money for charity, as it rolled the maximum multiplier.

One minute, two minutes, three minutes, and after about fifteen minutes, 172.8 billion arrived in his bank account.

Wasn’t this how the money came for building the Tengying High-end Ecological Community?

With this money, his family’s total investment in commercial real estate would be about seventy-two billion.

Considering the rise in real estate prices over the years, his family’s assets in commercial real estate had nearly reached one hundred billion.

For the next five or even ten years, they would not increase this investment ratio.

In his own words, that was completely enough.

Even just living off the rental income, Chen An’an could be well-fed for eight lifetimes.