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Simon did not buy property in Venice.
On the one hand, there is no suitable real estate.
On the other hand, Simon has some instinctive resistance to this floating city.
As for the reason, it is probably like Simon is not interested in private yachts.The feeling of floating on the water made Simon instinctively feel a certain sense of insecurity.
Arrived in Venice, met with Sofia Fisher and Ella Deutschmann and had a simple dinner together. They discussed the latest development of Gaomen Films in a suite of the Lido Island Venice Boutique Hotel where the closing dinner will be held soon. while waiting for the awards results to flow in from the closing ceremony.
When the news came that Holly Hunter won the best actress at this Venice Film Festival, everyone knew that the overall situation was settled.
The film festival jury may give some secondary honors such as jury awards to some films that cannot win the Golden Lion Award in order to balance, but the best actress is not included in this list.
While waiting for the final news, Simon heard another name.
"Raise the Red Lantern".
The film won a Silver Lion along with two other films.
Last year's "Ju Dou" received a good response. Ella Deutschman has already won the North American distribution rights of "Raise the Red Lantern" in advance, and plans to hit this year's Oscar for Best Foreign Language Film again.
Because Daenerys Entertainment will voluntarily give up the competition for major awards such as the Oscar for Best Picture next year, and the public relations resources are free, it is still very easy to win fringe awards such as Best Foreign Language Film.
Simon neither deliberately promoted nor obstructed this matter, but just let Deutschman operate it himself.
After nine o'clock, the closing ceremony finally came to an end.
"A Farewell to the Piano" directed by Jane Campion and starring Holly Hunter and Harvey Keitel successfully reached the top and won the Golden Lion Award, the highest honor of this Venice Film Festival.
At the end of the closing ceremony, the guests left the movie palace and began to gather at the Venice Boutique Hotel, where it gradually became lively.
When the "Piano Farewell" crew arrived, Simon and others left the hotel suite and rushed to the banquet hall together to congratulate the film's main creators.
Not many people knew that Simon would appear at the closing dinner of this film festival in advance. As the news spread, there was some commotion in the dinner hall, and even many closing ceremony guests who did not plan to attend the dinner temporarily rushed over.
The turmoil in Europe or Eastern Europe will basically end with the disintegration of the Soviet Union by the end of this year.
In the next few years, while continuing to integrate and expand the North American local market, Daenerys Entertainment will focus a large part of its energy on developing the European market.
In the general direction, of course, the U.S. government has come forward to require European countries to increase their efforts to open up their local film markets through relevant trade negotiations.
When it comes to specific Hollywood studios, they need to show their talents.
The next stage of Daenerys Entertainment's goal in Europe is to penetrate the UK, France, Germany, Italy and Spain, which are important movie ticket warehouses in Europe. Daenerys Entertainment's branches in these countries have already been established.
If you want to develop the film market, networking is very important, so participating in such film festivals will only benefit Daenerys Entertainment executives and not harm.
Speaking of it, not only Daenerys entertainment, but the entire Westeros system will slowly penetrate into Europe in the next step.
The future development of companies such as Microsoft, Intel, Cisco, and Igret that Westeros holds shares or controls will be global. To avoid these companies being troubled by the EU in three days and two days, Westeros The system must arrange enough chips in Europe.
Not only integrating the Westeros system into the American economy, but even into the entire world, this is something Simon has been thinking about recently.
To establish an intertwined interest relationship, if the EU wants to make some targeted measures in the future, it needs to consider the consequences, such as whether it will damage its own economy, whether it will cause unemployment for workers in its own country, and whether it will reduce its tax revenue, etc. Wait.
With the constant changes in vision, Simon also became more and more aware that it was not a shrewd decision for companies such as Apple, Microsoft, and Google to find ways to avoid taxation in Europe.
Leaving more benefit taxation to various countries will definitely only bring more benefits to the development of these companies in the markets of these countries.
After all, even if it is transferred back to North America, unless there is a targeted big tax cut, these profits still have to be fully taxed.
Just for tax avoidance, a large sum of money is kept in the offshore market for a long time and cannot be used. It can only rely on some international fixed-income investments to earn some dispensable income. In any case, it is a waste.
However, the choice of tax avoidance as much as possible is understandable if you stand at the level of professional managers of those large companies.
The job of a professional manager is to create and retain as much profit as possible for shareholders.
In comparison, Simon is now on another level.
The noisy closing dinner lasted until late at night. Simon was a little drunk under the entertainment of countless people, and returned to the villa on the shore of Lake Como in Milan with Sofia. It was already past the early morning.
Probably because of the frequent travels, it became very easy for Simon to adapt to the jet lag.
Last night, I didn’t rest until after two o’clock in the morning, and woke up before nine o’clock local time in Milan the next day.
Sophia got up earlier, looking radiant.
At breakfast, read some local newspapers for breakfast.
The news that Simon attended the closing ceremony of the Venice Film Festival last night has been reported by local Italian media.
Probably because of Simon's appearance in Italy, the local Italian media is more lively today.However, the topic discussed by these media was not the closing ceremony of the Venice Film Festival last night, but the new annual list of the 400 richest people in the United States released by "Forbes" magazine in North America yesterday.
Chapter 436 Underestimated (Revised)
350 billion dollars!
This is the 1991 personal net worth figure of Simon Westero given by Forbes magazine.
Careful people can easily find that compared with last year's US$210 billion, the wealth appreciation of US$140 billion is exactly equivalent to Simon's acquisition price of MCA and Bell Atlantic for a total of US$140 billion.
However, the explanation given by Forbes magazine is not the case.
The wealth appreciation of 140 billion US dollars is mainly due to the share price growth of Microsoft, Intel, Oracle, SUN and other technology companies held by Westeros over the past year, as well as the two companies AOL and Cisco that have just gone public in recent months. coming personal wealth.
Among them, only AOL, which holds 65.4% of the shares after the IPO, and Cisco, which holds 50.1% of the shares, contributed a total of US$103 billion to Simon's wealth according to the market value during the statistical period of "Forbes".
Because of the hot sales of the Windows 3.0 system, Microsoft's stock price has doubled in the past year.
Westeros' shareholding in Microsoft has also increased from about 10% last year to 21.3%. Based on Forbes' statistics of Microsoft's market value of US$125 billion, this part of the stock once again contributed US$26 billion to Simon's wealth.
Westeros' shareholding in Intel has also increased to 15.6%. According to Forbes, Intel's market value is US$105 billion, and this part of the stock has contributed US$16 billion to Simon's wealth.
Taken together, Westeros holds the stocks of AOL, Cisco, Microsoft and Intel, with a total value of 146 billion US dollars.For other technology companies such as Oracle, SUN, and Silicon Graphics, the total book market value of Westeros' shares also exceeds US$20 billion.
The wealth of these stocks minus the basis of last year is the value-added rate in the past year.
As for MCA and Bell Atlantic, which have already been acquired by Simon, they basically offset the liabilities of the entire Westeros system.
Anyone with a discerning eye can see that with the Gulf War at the beginning of this year as the dividing point, the U.S. stock market has bottomed out a very obvious rebound. Simon’s precise purchase of MCA and Bell Atlantic before the Gulf War can be said to be a very good one. Exquisite bargaining.
Even if the two companies have been delisted now, the value of MCA and Bell Atlantic will definitely not be 140 billion US dollars at the beginning of the year.
What's more, according to the calculations of "Forbes", the growth statistics of the Westeros system in other fashion, technology and other aspects are very vague.
Finally, there is Cersei Capital, which is difficult to get around.
According to some rumors in the industry, Cersei Capital also made billions of dollars in profits through the operation of oil futures and stock index futures before and after the Gulf War.
Although Simon Westero himself has only one-third of the share in Cersei Fund Management, a hedge fund under Cersei Capital, it is still a very considerable wealth.
Also, most critically, Daenerys entertains.
"Forbes" magazine valued Daenerys Entertainment at US$80 billion last year. This year, with the merger of Daenerys Entertainment and MCA, the company's net assets are not less than US$150 billion, although because Last year's acquisitions added billions of dollars in liabilities, but Daenerys Entertainment, which is in good financial shape, is clearly different from Time Warner, which is in deep trouble.
No matter how conservatively estimated, the market value of Daenerys Entertainment will not be lower than the company's net assets.
All in all, unlike previous controversies, when "Forbes" released the new annual list of the 400 richest people in the United States, the mainstream media in North America and overseas generally believed that this time, Simon Westero's personal net worth was obviously underestimated .
Some even wonder if Simon Westeros has made some kind of agreement with Forbes Group to make his personal wealth look less glaring.
Although 350 billion US dollars is already very dazzling.
Many wealthy people in the West actually like to keep a low profile. However, in terms of personal wealth, everyone is relatively calm and believes that wealth represents a kind of glory.
Typically, no one can communicate with the media to reduce their wealth estimates.
This is only normal.
Simon Westeros, in itself, is not a normal guy.
In the face of doubts from the media, "Forbes" magazine expressed a firm denial, and claimed that this wealth statistics may be controversial because Simon Westero's personal asset portfolio is too complicated, but the overall is relatively accurate.
The "Forbes" list has been operating for so many years, and its credibility is still sufficient. Other media such as "Fortune" magazine have also released similar statistics, and none of them pose any threat to the "Forbes" list.
Therefore, even if there is controversy, since the number has been released, Forbes will definitely not modify it, and the media and the public will only use this number as a reference.
Probably many years later, if someone looks back at Forbes' previous lists and checks the data in 1991, they will only see the figure of Simon Westeros' personal wealth of 350 billion US dollars.The controversy of the year must have long been forgotten.
After Simon topped the list without any suspense, the subsequent ranking changes in this year's list are also very large.
John Kruger, who is also a media tycoon, still holds the No.2 position on the list, with a personal wealth of 59 billion US dollars, which is basically the same as last year.
Bill Gates occupies No.2 on this year's list, with a personal wealth of $50 billion.
"Forbes" magazine made a special comment on this. After transferring 5% of Microsoft shares to Westeros last year, Damen, who received a huge amount of cash, bought luxury houses in New York and San Francisco, and also bought a private Gulfstream. The plane finally has the style of the super rich.
However, the commentator of "Forbes" said that the stock that Damen sold last year has increased in value by more than 3 million US dollars in just one year.
In other words, Damen actually lost $3 million.
If Microsoft's stock price continues to grow, this 5% loss may be more in the future.
The same is true for Paul Galen, who also transferred 5% of Microsoft shares.
Following Bill Gates, from No.4 to No.8, there are five full positions, all of which are occupied by the Walton family whose wealth has been evenly divided. The wealth figures of Sam Walton and his four children are all 44 One hundred million U.S. dollars.
Two years ago, some media said that the real richest man in the United States should actually be the Walton family. Since this year, the media has no such arguments.The combined wealth of the five members of the Walton family is only US$220 billion, which is US$130 billion less than that of Simon.
Berkshire Hathaway chairman Warren Buffett ranks No.42 this year with a personal wealth of US$9 billion.
Pittsburgh steel tycoon Henry Hillman ranks No.10, but his personal wealth dropped directly to $33 billion.
Combining this list, it is not difficult to find that, except for Simon and Gates, most of the top ten in this year's "Forbes" rich list are traditional rich people known for their stable industries. Only now has the current net worth.
Affected by the economic downturn and debt crisis in recent years, Sam Redstone and Ron Perelman, who were on the list a few years ago, have fallen out of the list. Top ten positions on the list.
However, on the other hand, the total wealth of the 400 top richest people in the United States still shows an increasing trend.
The 400 millionaires have a combined wealth of US$3173 billion this year.
In this way, it is not difficult to see another point. The total wealth of the 400 top rich people is 3173 billion US dollars, of which only Simon Westeros owns 350 billion US dollars, accounting for 11%.
Compared with other rich people on the list, Simon's personal wealth, whether it is the amount of assets or the speed of appreciation, is clearly showing a posture of riding the dust.
Because Simon's personal wealth is mainly concentrated in media and technology, with the release of this list, the media and technology sectors of the US stock market have clearly experienced a wave of rise.
In the past few years, many investors have been eager to invest capital in the film industry because of Simon's fortune in Hollywood.
The pattern of major Hollywood studios has changed because of Simon alone.
However, the threshold of Hollywood is not easy for everyone to enter after all.
The successive emergence and closure of a large number of second- and third-tier Hollywood film companies in the 80s has proved this point.
however.
In the field of science and technology, especially the emerging Internet industry, the threshold is no longer so high.
Just a few days after the "Forbes" list was released, the White House also responded to the "Information Superhighway Act" secretly promoted by the Westeros system. The White House spokesman stated at a regular press conference that the president had read the relevant bills , and held a special meeting with cabinet members to discuss the feasibility of the bill.
Although the White House has no legislative power, the president can sign executive orders that also have the force of law.
Moreover, if we can get the assistance of the White House, especially the Bush family who has a deep background in Congress, many bills will pass through Congress more smoothly.
However, the media also understand that it is impossible for the White House to help the Democratic Party promote an important bill involving hundreds of billions of dollars in output value. If Bush and the team behind him are optimistic about the prospects of the Internet industry, they are more likely to introduce a similar bill personally drafted.
George Bush has been attacked too much for not caring about internal affairs, and he needs to promote some bills that are closely related to the domestic economy.
In any case, the White House responded to the Information Superhighway Act, which is a very good sign.
The investment trajectory of the Westeros system in the field of new technology is also simple and clear.Therefore, in a short period of time, countless capitals began to gear up to target the Internet industry.
Simon was in Italy when this year's Forbes list was published.
However, due to the announcement of the wealth list in North America, there is still no sign of stopping.
Over the years, many media have marveled at Simon's birth, and there has never been a lack of news criticizing and questioning this young super-rich man.
However, just like the weak waves caused by Matthew Broderick and others failed to affect Simon at all, Simon actually didn't know about most of the media's criticism of him, and he didn't bother to pay attention.
With the release of the new year's list, corresponding doubts and criticisms have increased as usual.
The most criticized should still be about how to spend such a huge fortune that Simon Westero has accumulated.
The Simon; Janet Westeros Foundation has been very active in recent years.
However, because Simon's personal wealth is too large, some media believe that Simon's investment in charity is still too low, and there are even remarks about Simon's personal wealth of tens of billions of dollars that should belong to the entire society as usual.
Many rich people have humbly stated in the media that they are just a 'wealth keeper'.
It is probably because similar views have been said too much, and some people believe it, so they began to call on Simon Westeros in the newspaper to 'return the wealth of society' to society.
For similar news, Simon didn't even want to read it.