To be a rich man …you should run into debt

traderone (25)in #news • 7 years ago

I’ve just read an incredible news… on Thursday a property tycoon Xu Jiayin has been named the richest man in China with a net worth of $ 43 bn….I think now you are asking what’s wrong?
His company Evergrande Group though has a market value of 47$ bn , its total debt stand at 100$ bn….so it’s very easy to be rich nowadays.

You can find more details on the article on CNBC as below 104768698-GettyImages-514014892.530x298.jpg

Source : https://www.cnbc.com/2017/10/12/chinas-richest-man-built-fortune-even-as-debt-mountain-climbed.html
Images: https://www.cnbc.com/2017/10/12/chinas-richest-man-built-fortune-even-as-debt-mountain-climbed.html

#money #china #investing

7 years ago in #news by traderone (25)

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