Such an achievement is extremely rare even among adults today. With the ability to grasp business opportunities, he has worked hard in shopping malls for decades and finally gained hundreds of billions of assets.
Lv Zhihe, 1929 was born in Jiangmen City, Guangdong Province, and his family was relatively rich, because his great-grandfather once started a business in the United States and had some savings. 1937, Lv Zhihe, who was only eight years old, went to Hong Kong with his father Lu Jinquan to escape the war.
In Hongkong, Lv Zhihe was educated and active. In middle school, he studied business-related knowledge in order to manage his family's business in the future. As a practice, he has begun to help run family food wholesale and clothing factories. Although Lv Zhihe was still young at this time, he was already interested in business.
1942, Lv Zhihe, who was only thirteen years old, found business opportunities in the streets of Hong Kong, because he found that Hong Kong people at that time preferred to eat braised cooked food. He thought that this industry could make money, so he started selling cooked food in the streets with the idea of giving it a try. At first, not many people came to Lv Zhihe to eat cooked food, so he chose to promote cooked food himself.
Business is getting better and better, and more and more people come to spend money. Lv Zhihe had to recruit help during the peak season. With the booming cooked food business, he helped sell some other foods while selling cooked food. In the long run, Lv Zhihe made a lot of money through his own efforts.
1945, Lv Zhihe 16 years old. In the process of doing business with the Japanese army, he earned more than 2 million yuan, which was enough to buy a whole building at that time. Unfortunately, however, due to the defeat of Japan, the yen is worthless, and Lv Zhihe's wealth can only be wiped out, but his ability to make a comeback is still there.
Later, Lv Zhihe found that the auto parts industry was more profitable, so he resumed the auto parts sales business. At that time, the whole Southeast Asia was in great need of auto parts, so Lv Zhihe took the opportunity to make a fortune. At that time, Lv Zhihe was only a young man in his twenties.
1957 according to the economic reality of hongkong, Lv Zhihe invested in sand mining. But at that time, many people thought that Lv Zhihe's move was really unwise, and it was actually a risky move to invest huge sums of money in stone mines.
On the one hand, there is great uncertainty about whether sand mining can make money. On the other hand, sand mining itself is dangerous. In the event of an accident, the whole quarry will be in danger of being closed. However, Lv Zhihe has always insisted on his own investment, unmoved.
Later, with the rapid development of Hong Kong's economy, there was a great demand for building materials in high-rise buildings, so Lv Zhihe made a fortune and was also called "the king of stone mines". In 1970s, Lv Zhihe once again turned his attention to the hotel industry. 1977, Lv Zhihe won the development right of eastern Tsim Sha Tsui for 68 million yuan.
So he set up a holiday hotel seascape on this land, and the money he built the hotel actually came from a bank loan, with a loan of more than 300 million Hong Kong dollars. Later, with the prosperity of Tsim Sha Tsui, the hotel business became better and better.
In addition, the tourism industry in Hong Kong is relatively developed, and the Holiday Inn in Lv Zhihe is close to the sea. Therefore, by the 1990s, the market value of his hotel had exceeded 654.38 billion yuan, completely changing from an "oil tycoon" to a "hotel tycoon".
In 2002, Lv Zhihe won the right to operate Hong Kong casinos, so he was called the "new generation gambling king". In order to gain a foothold in Hong Kong, he joined hands with several foreign companies and opened six casinos in Macau.
The Galaxy Entertainment Company he founded made a lot of profits, earning more than 20 billion in just a few days, which was beyond ordinary people's imagination. In 20 14, Lv Zhihe's worth soared to $23.7 billion, making him the second richest man in Asia. Today, he has hundreds of billions of assets, and he also took out 2 billion to set up the World Civilization Award.
After Lv Zhihe's success, he had luxury houses all over the country, but he didn't like to live in his own luxury house, preferring to live in a hotel. These hotels are all hotels of his own company, which is a kind of support for his own company. In addition to his success, he is also keen on public welfare undertakings and has donated money to schools in Guangzhou, Hong Kong and Beijing for many times. Even Tsinghua University accepted a donation from Lv Zhihe the year before last and established the "Lv Zhihe Building".
When Lv Zhihe was a teenager, he could earn more money than adults imagined. Although the currency has repeatedly depreciated because of the times, it proves Lv Zhihe's ability. In the following decades, Lv Zhihe made a lot of money and acquired hundreds of billions of dollars in assets at the age of 90. The main reasons for his great success are as follows.
First of all, Lv Zhihe is an entrepreneur who is very good at seizing business opportunities. Lv Zhihe started his business when he was a teenager. He first found that the food wholesale and clothing industry at home was profitable, so he began to learn business-related knowledge, and as a result, he earned millions from the Japanese in three years.
After doing food business for a period of time, he found that the sale of auto parts can make a lot of money, so he chose to operate auto parts and then make a fortune. In the process of starting a business, Lv Zhihe has been able to constantly refresh the total wealth and become a successful entrepreneur, largely thanks to this.
Secondly, Lv Zhihe's success lies in the support of family businesses. After experiencing the blow of the worthless yen, Lv Zhihe turned his attention to auto parts, but the initial investment cost of this industry was relatively high, so he and his grandmother set up a joint venture to run the auto parts business together with his uncle.
1964, when he was doing sand mining business, he bought the mining right of the quarry with his father * *, which gave him a chance to make a fortune and was called "the tycoon of the quarry", so Lv Zhihe's success was closely related to the support of his family.
Finally, the times gave Lv Zhihe a chance to succeed. Lv Zhihe made a lot of money during and after the Anti-Japanese War, from the first cooked food to the later gravel, hotels, real estate and so on, all of which were needed by Hong Kong at that time.
In 1960s and 1970s, Hongkong needed a lot of building materials, so Lv Zhihe made a fortune. In the 1980s and 1990s, Hong Kong's economy developed rapidly and its tourism industry had a bright future. It needed a lot of hotels, and Lv Zhihe met this demand, so he succeeded. It is these high consumption and high returns that give Lv Zhihe the opportunity to become a billionaire.
Lv Zhihe has a rich family background and has experienced many adventures in his life. He learned to do business at the age of ten, and constantly seized business opportunities in his later life, walking in the forefront of the times and becoming a leader in the industry.