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He is called "China Buffett", and the return rate of his investment projects is higher than Buffett's 18%.
Born at the grassroots level, I almost failed in junior high school. It only took him 65,438+05 years, and the assets managed by the company he is in charge have reached 500 billion RMB, making it the largest equity private equity fund in Asia. The wealth myth created by this man can only be described as madness!
Not only that, he is also behind many business tycoons such as Ma, Liu and Dong Mingzhu. He is Zhang Lei, the founder of Gaoling Capital.
1972, in this special year, a couple in Zhumadian City, Henan Province gave birth to a child, and the couple named him Zhang Lei, then the "rotten street". At that time, no one expected that the boy would be in charge of 500 billion wealth in the future.
Zhang Lei's family is average, either rich or expensive, while Zhang Lei is a typical "Xiong Haizi". He didn't like learning since he was a child, so that he barely passed the passing line in junior high school. In the eyes of many people, such a child is destined to be a mediocre life and a "wage earner" for a lifetime.
However, although Zhang Lei doesn't like studying, he is very business-minded.
As his residence is not far from Zhumadian Railway Station, Zhang Lei, who is only seven years old, moved a small bench to set up a stall near the railway station in his spare time and rented his comic books to waiting passengers and passers-by. Interestingly, even after entering high school, Zhang Lei is still doing this job.
During the summer vacation of senior three, Zhang Lei not only expanded the book rental business, but also began to sell some mineral water, bread and specialty products. At the end of the summer vacation, Zhang Lei earned more than 800 yuan by setting up a stall, while the salary of civil servants at that time was only 100 yuan.
Although his grades are not good, Zhang Lei loves reading books outside textbooks, and it is this hobby that has changed his life.
When he was a sophomore, he came across a book about finance in the library-Capital. Perhaps he was interested in business since he was a child, so he was deeply moved by the financial knowledge in the book. At that moment, he finally knew that his life should not be so decadent. If he wants to be at the top of the pyramid, the college entrance examination is undoubtedly the best time to "overtake in the corner".
So, from then on, Zhang Lei began to study hard as if possessed. In the eyes of his classmates, he seems to be thoroughly remoulded. At the end of the college entrance examination, he insulted hundreds of thousands of candidates in Henan and directly won the top prize in Henan Province. It is really "a blockbuster if you don't sing."
1990, Zhang Lei did the opposite. When students chose science and engineering majors in succession, Zhang Lei chose the international finance major which was extremely unpopular at that time.
Few students chose this major at that time. After all, China joined the WTO at 200 1. In the 1990s, most people didn't even know what international finance was. Later, Zhang Lei's head teacher recalled the incident and said:
In his college career, Zhang Lei was also a man of the hour. In his sophomore year, as the president of the Student Union, he also participated in the stock market simulation contest organized by the campus, and was invited to give a lecture at CCTV, which can be described as infinite scenery.
Surprisingly, after graduating from college, he embarked on an unusual path. He didn't choose to work in a financial institution like other students, but went to Minmetals Group. This is a company specializing in mining and trading, which can be said to be completely different from Zhang Lei's major.
Many people don't want to do this job because they often go to remote mines, but Zhang Lei is very happy. In his view, it can see a wider world.
When Zhang Lei took the green leather train to "appreciate" the great rivers and mountains of the motherland, the Internet in China was still in the "Stone Age":
Jack Ma, the future richest man in China, just resigned from school and started China Yellow Pages with 20,000 yuan. Penguin boss Ma has just become the stationmaster of Huiduo substation; As for Liu, he also runs his own JD. COM multimedia "Zhongguancun small counter" ...
After traveling all over China, Zhang Lei suddenly had a new idea-to study abroad and see the bigger world.
In this way, 1998, Zhang Lei embarked on the journey of studying abroad. It was this decision that dramatically changed his life.
Because Zhang Lei's previous achievements on campus were very satisfactory, when he decided to study abroad, seven schools offered Zhang Lei the opportunity to enter school. Comparatively speaking, Zhang Lei finally chose Yale, because Yale can provide Zhang Lei with an entrance scholarship.
But to Zhang Lei's surprise, Yale can indeed provide scholarships, but only for one year, which makes Zhang Lei, who has little savings, start to panic. Being in a foreign land, penniless, doesn't feel very good.
So he started frantically looking for a part-time job. A week after hitting the wall, Zhang Lei finally found a job as an intern in the Yale Investment Office. A few years later, Zhang Lei once again entered the investment industry.
It was this internship that made him know David Svencen, a great man in his life and his mentor.
The origin of this man is not simple. As the chief investment officer of Yale University Endowment Fund, he is not only famous in the investment field, but also trained many talents for major investment institutions in the United States. He is called the godfather of investment by the industry. In the future, when it comes to the development history of Zhang Lei, the experience of contact with David Svencen is considered as the turning point of Zhang Lei's life.
In fact, according to the usual practice, Yale Investment Office will not accept interns with work experience like Zhang Lei, but David Svencen said that he saw sincerity and great potential in Zhang Lei.
During his internship, Svencen taught Zhang Lei his investment theory through examples. After graduating from Yale University with a master's degree, Zhang Lei also worked for an emerging market hedge fund company in Washington, D.C., with the recommendation of his tutor.
Here, Zhang Lei saw the top analytical methods in the industry and got a lot of company data and annual reports for free. It was these experiences that made him develop a sinister investment vision. It can be said that this experience played a decisive role in Zhang Lei's great success in the future.
Because he brought great benefits to the company during his work, the leaders also appointed Zhang Lei as the first representative of NYSE in China, which was an excellent development opportunity for Zhang Lei at that time. But what everyone didn't expect was that Zhang Lei, who was restless, refused the job, resigned and decided to return to China to start a business.
Zhang Lei, who has worked hard in the enterprise for several years, knows that he is just a "migrant worker" with a high salary, and his ambition goes far beyond this.
With the rise of China's financial industry and taking advantage of China's entry into WTO, Zhang Lei returned to China and founded China Venture Network. At the peak of the website, more than 13000 enterprises settled in China, which was called "the most influential investment brand in China" at that time.
However, it seems that starting a business is not so easy. With the bursting of the 200 1 Internet bubble, Zhang Lei's China Venture Network has also been greatly impacted. Even if Zhang Lei tried his best to save it, it was just a mantis. This once popular leading enterprise has become history after only one year of success.
After this failure, Zhang Lei went to the United States again to join the global emerging market investment fund, where he was "silent" for four years. Until 2005, 32-year-old Zhang Lei returned to China with $20 million from his mentor Svencen's investment fund, and founded the "Gaoyao Capital" investment company. After that, Zhang Lei officially opened the highlight moment of his life.
In 2005, the number of simultaneous online users of Tencent QQ exceeded100000, creating a myth in the history of the Internet. However, Ma Hua Teng was not happy at that time, because he always had a headache for not realizing users.
At that time, Li Ka-shing's second son, Li Zekai, was not optimistic about Tencent, thinking that Tencent's highlight period had passed. However, Zhang Lei, who is visiting Yiwu, Zhejiang, doesn't think so. He noticed that many merchants and bosses on the street would have QQ numbers printed on their business cards, which made him smell huge business opportunities.
He thinks that as long as there is such horrible traffic, it is impossible not to make money, so he puts all the company's current assets in Tencent's secondary market.
Sure enough, by 2020, Tencent's valuation has reached 500 billion US dollars, nearly 250 times, and now its market value is nearly 3 trillion, so Zhang Lei's hand is undoubtedly a "bet" to win.
While contacting Tencent, JD.COM, who was not favored by the industry, was also favored by Zhang Lei. At that time, JD.COM was in a transitional period and was in urgent need of financial support. However, most investment institutions are not optimistic about JD.COM. The business model of COM.
Until 20 10, I found Liu with hundreds of pages of analysis report and told him, JD. COM's business model is very ideal, and there will definitely be a market in the future, so he intends to inject capital into it.
Liu was ecstatic at the analysis, so he told him that he needed $75 million in financing. After hearing this request, the following words made Liu unbelievable:
In this way, together with eight alumni, Zhang Lei injected $300 million into JD.COM, making it the largest transaction in the domestic Internet industry at that time. In fact, many big names in the industry were not optimistic about this business at that time, and even ridiculed Gaoling Capital as a "fool with more money". However, Zhang Lei ignored these rumors and knew the great potential behind JD.COM.
In 20 14, JD.COM was listed on Nasdaq, and its market value soared to $26 billion. This also means that Zhang Lei's investment value of $22.5 million has exceeded $3 billion.
Similarly, in the legendary investment history of Zhang Lei, there is also the shadow of Dong Mingzhu.
In 20 19, Zhang Lei came to gree headquarters and asked Dong Mingzhu for 0/5% equity of/kloc-0, hoping to become a major shareholder of gree. Faced with this "unreasonable" man, Dong Mingzhu was disgusted at first. After all, as a leading household appliance enterprise with a market value of 100 billion yuan, it is indeed a bit too arrogant for this sudden "requirement".
However, Gree suffered a serious financial crisis, which eventually required investment institutions to take over, and Zhang Lei's high capital was undoubtedly the best choice.
20 19 In April, Gree Electric announced that Gao Yan Capital invested 40 billion yuan to acquire 15% of the total share capital of Gree Group and officially became one of Gree's major shareholders.
However, Zhang Lei did not participate too much in the management of the company, and promised Dong Mingzhu the following points:
Under the leadership of Zhang Lei, Dong Mingzhu led Gree to a new level. In just a few years, Zhang Lei Gaoyao Capital has also benefited a lot from Gree Group.
Not only that, Zhang Lei also focused on the pet field that nobody paid attention to at that time with a long-term vision. As early as 20 14, Zhang Lei led the company to lay out the pet industry. And promoted from an investor to an entrepreneur, in just one year, Gaochun Capital opened nearly 300 pet shops.
It was not until 2065438+2008 that other investors saw the trend of pets in the market and found that collars had been laid out in the whole industry four years ago. While others were catching up, Zhang Lei once again showed his amazing investment ability. He directly integrated nearly 1 1,000 pet shops of several leading companies in the pet industry.
At this point, Gao Yan Capital is already the leader of the pet industry, and no company can compete with this giant of 1000 chain stores, completely creating a new way of playing in China's capital market.
According to Zhang Lei's investment philosophy, Gaoling Capital only invests in 2-4 projects at most a year, but to the shock of the industry, Gaoling Capital has hardly missed it. Since its establishment, its average annual return rate is as high as 39%, far exceeding Warren Buffett's 2 1%, which is why Zhang Lei is called "China Buffett".
Zhang Lei seems to have opened a god's perspective, and is invincible in China's capital market, and the territory of Gaoyou Empire is getting bigger and bigger.
Many big companies we see today, such as Baidu, Tencent, Meituan, Didi ... These companies cover almost every aspect of our daily life, and actually have the shadow of Zhang Lei behind them. It can be said that for every penny we spend on weekdays, a part will flow to Gao Yan Capital.
While his career was successful, Zhang Lei did not forget to cultivate his alma mater.
In 20 10, he donated $8,888,888 to Yale University, which was the highest personal donation record of Yale graduates at that time. However, this behavior also caused a controversy at that time-everyone thought that Zhang Lei should be donated to his alma mater, Renmin University, rather than an American university.
In fact, Zhang Lei did not forget that in the same year that China Renmin University celebrated its 60th anniversary, Zhang Lei donated 65.438 billion yuan to China Renmin University. In addition, in 20 17, Zhang Lei donated 300 million yuan to Renmin university to set up an education fund.
From a newsboy in Zhumadian, Henan Province, to the champion of the college entrance examination, and now to the capital crocodile, Zhang Lei's experience is undoubtedly a legend, not only holding 500 billion wealth, but also his personal worth is as high as 20 billion.
Although his background is very ordinary, everything he did shocked the industry. Over the years, he has been using practical actions to interpret what he said to Liu on the wine table: