What Is The Best Way To Get Rich Overnight?

How can we view this extreme way of wealth growth in China?

The IT industry should be regarded as the best way to cultivate rich people. Most of the billionaires in China are engaged in the IT industry.

Bill Gates, the world's richest man, is a typical case.

Who can possess wealth at the fastest speed?

The best answer is probably not the 13 time Bill Gate, the top of Forbes's list.

The world's richest man has spent more than 25 years accumulating more than 50 billion dollars in wealth.

But for many fortune new people, this speed is not worth praising.

In the 2007 Forbes rich list, Google's two founders, Sergio Brin and Larry Paige, ranked twenty-sixth in the 16 billion dollar position, but it was staggering that they accumulated these wealth in just over two years.

But this may not be the fastest way to get rich.

In the wave of privatization after the disintegration of the former Soviet Union, a large number of Russian rich came into being. According to statistics, the top 100 Russian tycoons had a total wealth of US $248 billion, equivalent to more than 1/4 of nominal GDP in Russia.

Now, the myth of wealth rising has begun its Chinese version.

And the plot is echoed with the world trend and pure Chinese original.

Shi Zhengrong, chairman of Wuxi Suntech, the richest man in New China, is very disgusted with other people's "wealth overnight" to describe his wealth growth rate.

In December 16, 2005, Suntech listed on the New York stock exchange, and its share price climbed all the way. In January 13, 2006, Shi Zhengrong's value soared to $2 billion 313 million.

Within a month, the Shi Zhengrong family became the "China's richest man".

Starting from $2 million to $about 2000000000, it undoubtedly contains many hardworking and wisdom of entrepreneurs, but it is not too much for wealth growth.

In fact, the combination of new technologies and capital markets has created a wealth of wealth in China.

At 11:40 on the evening of August 8, 2005 at Beijing time, Baidu officially listed on the Nasdaq Stock Exchange.

According to the share price of the day, the founder of Baidu Inc and CEO Robin Li have more than 900 million dollars in value, and they will definitely enter the top 10 list of China's mainland top 100 list this year.

This is not the lack of such wealth stories in the IT world.

In July 14, 2005, Focus Media listed on the NASDAQ of the United States. CEO Jiangnan Chun has 41.3% of the shares before Focus Media's listing. According to its issuing price of $17 per share, Jiangnan Chun has been worth nearly 200 million dollars after its share dilution.

As we all know, wealth, including Robin Li, Jiang Nan Chun and grand Chen Tianqiao, is not the first group of people who got rich overnight because of the combination of new economy and capital market.

Their predecessors, Sohu's Zhang Zhaoyang and NetEase's Ding Lei, have long been among the top of the list of rich people because of their outstanding performance in Nasdaq.

The Global Wealth Report 2006 released by BCG, a global consulting giant, pointed out that China has become one of the fastest growing wealth markets in the world, and the number of millionaires in China is ranked sixth in the world. "In Boston,"

The wealth of these millionaires is different.

Some conform to the development trend of new industries, some rely on the operation of capital market, and some rely on channel monopoly and technological innovation.

Of course, some people are more likely to be rich in the lottery market, or the lucky ones in the stock market.

However, it is undeniable that in China's many millionaires, not everyone's way of accumulating wealth can withstand scrutiny.

A famous myth about getting rich overnight is created by a woman named Wu Ying in Dongyang, Zhejiang.

Wu Ying seemed to appear in front of the world overnight.

In 2006, she bought more than 700 shops with 200 million yuan in cash, 5 million yuan donated to the glorious cause of Dongyang, and 12 large industries in Dongyang in two months.

Before that, she was only a small boss in a service place in the county seat.

It was not until February 10, 2007 when Wu Ying was arrested for illegal fund-raising. Wu Ying was himself thrown into prison.

An economist from China said: "the wealth of China's rich people has accumulated billions of dollars in a short time, which is rare in the history of world capital. The primitive accumulation in the early days of capitalist countries has gone through more than 100 years of hard work, and they can only be completed in a decade or even a few years.

"Such corruption does not depend on running enterprises, relying on science and technology, nor primitive accumulation for a long time, but no enterprisers' arduous struggle."

When the state-owned enterprises of Dalian Baiyun tourism Car Rental Companies were restructured into private enterprises, 15 executives from the original company's legal representatives bought the company at 4 million 40 thousand yuan.

The newly registered private company has more than 80% shares of the company's former general manager and the former party secretary. The more than 200 taxi operation plates with a value of about 40000000 yuan are also pferred to the management personnel by the "super low price" of 2 million 230 thousand yuan.

This is another story of "overnight riches" in the MBO reform of state-owned enterprises.

In retrospect of the history of reform and opening up, China has seen several obvious waves of wealth: for the first time in the late 70s and the whole 80s, the first time was the era of self-employed and rich people who were able to go to university, to have a work unit, and to hold an iron rice bowl as a happy event. But at the time, some self-employed individuals took the first step in getting rich. Some people became the best in the wave of the first wave of wealth. There were still a group of top UPS in the first wave of wealth. Uneasy money

The second time is the era of stock market wealth from 1986 to 1992. The Chinese stock market before 1992 can be said to be one of the best ways to get rich. Because of the shortage and blind obedience, people have gone crazy to the stock market, and the stock market has gone up like crazy.

The third wave of wealth boom was from 1992 to June 1993. Some people made huge profits from hype in the real estate industry and gave birth to many billionaires.

The economic boom brought about by the small flat South patrol in 1992 brought many people to the coastal areas.

It seems that overnight, land speculation in Hainan and Beihai in Guangxi has become a trend. Many people who rely on the real estate industry to become rich are pouring out.

Now, China's economic development is undoubtedly faster than before.

Yang Fan, a professor at China University of Political Science and Law, points out that China has entered a period of surging wealth under the stimulation of multiple factors.

He believes that there will be 12 years before the arrival of the aging population in 2019. The growth of GDP in these 12 years will reach more than 3 times in the first 58 years.

With such wealth and market expansion prospects, the valuation of China's wealth increased by international capital and huge capital will also pour into China. This shows that China's rise has been recognized by the international community, but also to a certain extent, it has created excess liquidity in China's domestic capital supply than demand.

Soros, a representative figure of contemporary international speculative capital, wrote in his book "believing in his own delusion" that even though the equilibrium market exists everywhere, it has no meaning for investors, because it can only get the average profit margin there, and can find huge profits by finding and using imbalances.

He further realized that in some periods, some countries might have "historic opportunities" to achieve unbalanced rise.

The report of Boston consulting firm also shows that the growth rate of wealth in China, Brazil, Russia and India in emerging markets is higher than the global average.

"At present, these 4 countries are listed in the world's twenty largest wealth market.

"With the rapid economic development of 4 countries in China, Brazil, Russia and India, its wealth market is expected to grow at a speed of two times the global average.

With the increase of China's own economic strength and the increasing attention of global capital to China, excess liquidity has become a prominent feature of China's economy. This means that too many "restless" money is looking for opportunities in China, and these uneasy money become the best soil for making the myth of wealth.

Riches complex Liu Jiang (a pseudonym) is an editor of a well-known media in China. As a media man, his idol is not a famous journalist like Lippmann and French. He is an admirer of the Google myth.

Now, he is working in this direction.

"I have made a plan for starting a business. What I am going to do now is to find venture capitalists who appreciate it.

"He said.

Liu Jiang hopes that the future business of capital will become the darling of NASDAQ, so as to express its own wealth story.

Such examples are not new.

A newspaper in Shenzhen once conducted a survey among children: "how much money do you want to earn in your life"? The result is that 14.58% of people want to earn more than 100 million yuan, 16.67% of them want to earn more than 10 million, and 27.08% of them want to become millionaires.

A survey in a newspaper in Beijing also shows that 20% of the respondents (young people) hope to get a chance to get rich overnight.

Ironically, among the respondents, most of the ways to achieve wealth are lottery or stock market, which makes Liu Jiang's entrepreneurial ideas seem "down-to-earth".

According to the Ministry of finance, China's lottery sales in 2006 exceeded 80 billion yuan, a record high.

In 2006, the hot stock market also brought China another wonder of "universal stock speculation".

This may explain how strong the desire for wealth is.

"Almost every Chinese has a dream of" getting rich overnight "," almost overnight "is almost a common consensus among people in today's Chinese society.

"An observer named Xue Feng said," according to my observation, "getting rich overnight" is almost a common dream mentality shared by everyone in today's Chinese society. It is only because people's age, culture and experience are different that they show "one night's riches" with varying degrees of mental strength.

Du Xuncheng, Professor of Economics School of Shanghai University of Finance and Economics, believes that there are many reasons for the formation of people's wealth complex. One of the important reasons is the rapid change of people's income gap in the changing society.

In the past traditional society, the redistribution of social wealth is still in progress, but after all, it is rather slow. It is usually calculated by "generation".

Under the conditions of modern imperfect market economy and chaotic social and political conditions, very few people can get rich quickly.

For example, the comprador's wealth is staggering: "match king" Liu Hongsheng became a comprador in Kailuan at the beginning of the last century, earning 80 or more money in one or two years.

Zheng Bozhao served as comprador of the Anglo American tobacco company.

Xu Run earned hundreds of thousands of dollars in real estate in a couple of years, but it was a little more powerful than his real estate King Wang in Shanghai.

The average person's psychology can bear the enrichment of others, and is not able to bear others' wealth and sudden wealth, so they lose their psychological balance and become restless.

Contemporary China is also undergoing pformation. Some people are rapidly getting rich by making use of some imperfections in the advantages of first entry or reform, and the wealth effect has become a wealth effect.

However, if we do not properly guide and control, the harm of this wealth effect is obvious.

Recently, Fortune magazine revealed that the number of billionaires in Russia has ranked second in the world.

A poll conducted by a major Russian public opinion survey showed that 39% of respondents were humiliating to Russia with so many billionaires. Only 7% of respondents were proud of their billionaires.

It is also a market economy. The pattern of rich people in pition society and the stable market economy society are different.

Some people are rich in the natural accumulation pattern of competition, making money accumulate in snowballs.

Most of them rely on more human capital, business minded and good.