Chapter 39

Regarding the Golden House project, public opinion was more positive than negative.

Firstly, Wang Zixuan himself exuded a positive energy aura. The Positive Energy Fund was continuously helping those in need every day.

Secondly, the Golden House could indeed boost the development of the tourism industry and significantly promote the construction of the International Tourism Island.

Even if Wang Zixuan was simply wanting to commemorate his achievements in the gold market, few people thought it was inappropriate.

However, while everyone was still discussing the Golden House, the San Ya municipal government dropped another bombshell the next day.

San Ya announced that it would distribute a 4,000 yuan price subsidy to each resident before the Spring Festival.

This news instantly caught everyone's attention.

After all, no matter how luxurious the Golden Palace was, it was just Wang Zixuan's whim. But the 4,000 yuan price subsidy to each resident in San Ya involved over 600,000 people.

Previously, Hong Kong and Macau had both distributed red envelopes to residents. Although the red envelopes distributed by San Ya did not exceed those of these two places, they were still enough to make the entire nation envious.

San Ya was also the first city in the country to distribute a large price subsidy, naturally putting it at the forefront of public attention.

The San Ya government also provided an explanation: due to the significant increase in fiscal revenue in 2009, which benefited from Wang Zixuan's personal income tax payments, there was a certain degree of randomness, making it impossible to formulate a stable fiscal revenue plan. After the International Tourism Island was elevated to a national strategy, the prices in San Ya soared. To mitigate the impact of this policy on residents, the San Ya government decided to distribute a 4,000 yuan price subsidy to each resident.

On this matter, the public almost unanimously supported San Ya's approach, believing it was a way to return wealth to the people.

Experts, however, were more critical than praising, arguing that San Ya's approach was lazy governance and a waste of public resources, and that San Ya should make more long-term plans.

This attitude from the experts naturally drew a chorus of criticism.

Wang Zixuan naturally also won the respect of the residents of San Ya.

In fact, San Ya had a plan to distribute price subsidies, but they did not dare to do so on such a large scale. However, one of the conditions for Wang Zixuan to settle in San Ya was that 50% of the taxes he paid must be directly distributed to all residents.

To attract Wang Zixuan to settle and invest, San Ya had to agree to this condition.

Negotiations between the Wang family and the Beijing authorities over the transfer of household registration took a long time, as everyone knew that Wang Zixuan's personal income tax would be a significant amount.

In the end, Wang Liangming and Wang Zihao's household registrations remained in Beijing, while Wang Zixuan's was transferred to San Ya.

Wang Zixuan's personal income tax payment was 20.5 billion yuan. San Ya had to remit 60% to the state and a portion to the Hainan province, leaving about 5 billion yuan for San Ya.

After this news was released, many netizens flooded Wang Zixuan's Weibo with comments, asking how much tax he had paid.

Wang Zixuan did not hide it and directly posted the receipt for the 20.5 billion yuan personal income tax payment.

Soon, people calculated Wang Zixuan's net worth based on this information. The 20 billion yuan for charity did not require taxation, and the income from the capital market was subject to a 20% tax rate.

Thus, Wang Zixuan's remaining net worth should be around 80 billion yuan, far exceeding the previous mainland tycoon, though still falling short of Li Ka-shing.

The news that Wang Zixuan had made nearly 20 billion US dollars from the gold market also made headlines in many media outlets worldwide. If the previous estimates were rough, this time they were based on solid evidence.

On January 6, Wang Zixuan's company announced that it had bought 5% of the shares in the French stock market of Club Med and would continue to buy more, while also making a full acquisition offer to the French Club Med, offering a 50% premium to buy out the remaining shareholders' shares to achieve privatization and delist from the French stock market.

The Citibank was handling this acquisition for Wang Zixuan, and he paid a substantial commission for it.

The plan to acquire Club Med also clearly revealed Wang Zixuan's strategic layout.

The 50 billion yuan investment in San Ya was not a whim or a capricious act; entering the tourism industry on a large scale was Wang Zixuan's ultimate goal, and the 50 billion yuan investment in San Ya was just one part of a larger plan.

The stock price of Club Med also rose in response, but the 50% premium had already attracted many shareholders, who expressed their willingness to sell their shares.

Due to the financial crisis, Club Med lost over 50 million euros in 2008 and another 50 million euros in 2009. For a company with a market value of only 350 million euros, these losses were significant.

For many shareholders, Club Med had become a hot potato. Now that someone was offering a high price to buy it, they naturally would not refuse.

However, this privatization acquisition still needed approval from the French Financial Markets Authority.

On the same day, Wang Zixuan's company announced that it had purchased the Scorpios Island, originally owned by the late Greek shipping tycoon Aristotle Onassis, from Russian billionaire Dmitry Rybolovlev for 200 million US dollars. It also bought the Echinades Islands, a group of 18 small islands, from the Grivas family for 100 million US dollars.

The Grivas family had owned the Echinades Islands for over a century, but due to the financial crisis, they could no longer afford to maintain them. Given the high price offered by Wang Zixuan, they sold the islands without hesitation.

Scorpios Island was much more famous than the Echinades Islands. The late Greek shipping tycoon Aristotle Onassis married the widow of US President John F. Kennedy, Jacqueline Kennedy, on Scorpios Island.

Both the world's richest man, Bill Gates, and American superstar Madonna had wanted to buy the island, but in August 2009, Dmitry Rybolovlev purchased it from the late Greek shipping tycoon's granddaughter for 152 million US dollars.

The island appreciated by 30% in just four months, so Dmitry Rybolovlev did not hesitate to sell it.

Wang Zixuan's company also announced that it would acquire more islands in Greece to develop tourism.

The Greek government, eager to reduce its fiscal deficit, naturally hoped for a large investment from Wang Zixuan and thus gave his acquisitions a green light.

Citibank also used this news to tell the shareholders of Club Med that although Wang Zixuan was not short of money, he was not a fool, and Club Med was not his only option. They should not overprice their shares.

If they rejected Wang Zixuan's offer, the shareholders of Club Med would not only have to continue holding a company that was losing money every year but also face competition from a financial genius with deep pockets, which could lead to even greater losses.

In just one day, Wang Zixuan became a prince with 19 islands.

However, the first pot of gold he dug from the gold market was almost used up.

The 50 billion yuan investment in San Ya, the acquisition of Club Med and 19 Greek islands, and the subsequent development costs would require a significant amount of money. He also planned to acquire tourism resources in other countries. The aircraft and yachts he ordered might cost nearly 10 billion yuan, leaving him with very little available funds.

(Thank you to reader "Le Ye 456" for the 100 yuan tip)

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