nycdaug Chapter 384 Chanel Shares!
Chapter 384 Chanel Shares!
The Wertheimer family—if it were just that name, probably not many people would know it.
But when it comes to "Chanel", almost everyone knows it.
Chanel is a private business owned by the Wetheimer family.
The two current heads of the Wertheimer family are brothers Alain Wertheimer and Gerald Wertheimer.
The two each own half of Chanel's shares.
However, as the two get older, starting last year, they gradually handed over some business to the next generation.
This includes the decentralization of some shares.
David Wertheimer is the youngest of the fifth generation members of this family.
And Wang Xiucheng knew that he desperately needed money right now.
He is eager to prove his abilities, so he has been secretly raising funds behind his family's back, hoping to make a big splash.
Unlike other luxury brands, Chanel is not a publicly traded company. Like Koch Industries, the largest privately held company, it is completely privately owned.
Wang Xiucheng's goal today is "Chanel".
Or rather, it was David Wertheimer.
Wang Xiucheng recalled that David Wertheimer appeared in Saudi Arabia to watch horse racing, and there were also news reports that David Wertheimer was raising funds to start a company.
Wang Xiucheng felt that he could start with David Wertheimer.
That's why he went to Qatar to meet the dumpling skin prince, which gave him the opportunity to come to Saudi Arabia.
Of course, Wang Xiucheng hadn't expected David Wertheimer to take the initiative to get to know him.
His original idea was to ask Jassim to introduce him.
This saves us a lot of trouble.
The next challenge is figuring out how to get David Wertheimer to have a one-on-one conversation with him.
You need to be skillful in getting the other party to suspect you but also in getting them hooked.
Wang Xiucheng has already thrown out two baits: one is the phone call from earlier, and the other is "Horse Number 3".
Whether or not someone takes the bait depends on whether they are really short of money.
We chatted casually for a while longer, and then we saw that there were less than fifteen minutes left in the countdown to the game.
David Wertheimer suddenly asked, "Mr. Wang, do you really think so highly of horse number 3?"
“Of course,” Wang Xiucheng replied affirmatively.
“Mr. Wang, would you like to play a game?” David Wertheimer asked in a low voice.
"What do you mean?" Wang Xiucheng asked, puzzled, but inwardly he was already amused.
Hooked!
“How about this, we each pick a horse, and whoever wins gets the other’s chips.” David Wertheimer covered his mouth and said, “We each pick a horse, and whoever wins gets the other’s chips.”
"Interesting." Wang Xiucheng's eyes lit up. "Unique what?"
"One billion US dollars, does Wang Xiucheng dare to do that?" David Wertheimer asked tentatively.
Upon hearing this, Wang Xiucheng exclaimed, "10 billion? Are you playing that big?"
"Mr. Wang dares not?"
"What a joke, I wouldn't dare?" Wang Xiucheng suddenly stood up, seemingly a little angry: "If I didn't dare, how could I have won 43 billion?"
Seeing how excited Wang Xiucheng was, David Wertheimer felt a sense of relief.
Wang Xiucheng is only 20 years old after all.
To win against Fertitta for 43 billion is simply a matter of Fertitta's bad luck.
"But..." Wang Xiucheng suddenly asked, "Do you have 10 billion?"
David Wertheimer paused slightly.
He certainly doesn't have 10 billion; he's raising funds to start a company.
If we had 10 billion, this company would have been established long ago.
In his view, he was certain he could win Wang Xiucheng's 10 billion.
The reason is simple: the financial backer behind horse number 3 is his family.
He can't make horse number 3 win the championship, but isn't it easy to make horse number 3 finish last?
So, isn't this just like making money without any investment?
If he weren't afraid of scaring Wang Xiucheng, he would have dared to go head-to-head with Wang Xiucheng for 43 billion.
"You have no money? Are you kidding me?"
Seeing his expression, Wang Xiucheng said somewhat unhappily.
“Mr. Wang, you’ve misunderstood,” David Wertheimer immediately explained. “Of course I have money.”
“Saying this is useless. Do you think I’m stupid?” Wang Xiucheng said angrily.
David Wertheimer nodded inwardly. Aren't you the same?
But on the surface, David Wertheimer said, "Of course not, I have collateral."
"The collateral?" Wang Xiucheng asked, puzzled.
David Wertheimer whispered, "Do you know my family?"
Wang Xiucheng shook his head.
“The Wertheimer family owns Chanel.” David Wertheimer patted his chest with some pride. “I own 5% of Chanel shares. Isn’t that enough to cover my costs?”
"Chanel?" Wang Xiucheng paused for a moment, then suddenly slapped his forehead: "I know, the one that sells perfume, no wonder you know Jassim."
“I’m ashamed,” David Wertheimer said. “We need to get Mr. Jassim to testify about this, otherwise…”
David Wertheimer didn't say what he was going to say next, but his meaning was clear: he was afraid Wang Xiucheng would deny it.
“Of course I have no problem,” Wang Xiucheng said. “It’s a pity you don’t know Fertitta, otherwise he would tell you not to be alone with me.”
David Wertheimer smiled but did not reply.
Does Fertitta even deserve to be called a "family"?
The two men got up, found Jassim on the platform behind them, and told him what had happened.
Jassim was dumbfounded. Are you two crazy?
That's 10 million!
Even for Jassim, who controls Qatar's sovereign wealth fund, 10 billion is still a huge sum of money.
He really wanted to give Wang Xiucheng some advice.
As a fan of Wang Xiucheng, he didn't want to see Wang Xiucheng lose 10 billion yuan, become depressed, and even stop playing basketball.
At least as an Asian, it's very satisfying to see Wang Xiucheng dominate on the international stage.
"By the way, you just said you own how many shares in Chanel?" Wang Xiucheng suddenly asked.
“5%,” David Wertheimer replied.
"So little? Can it really be worth 10 billion?" Wang Xiucheng asked uncertainly.
“Of course.” Jassim, standing beside him, stared wide-eyed, but quickly regained his aristocratic composure.
It's normal that Wang Xiucheng didn't know the value of Chanel, after all, he was only 20 years old and a player.
“Based on brand value, although Chanel is a privately owned company, its valuation of over $200 billion is not a problem,” Jassim said.
"5%, even if I win, it won't make much difference."
Wang Xiucheng shook his head, seemingly having suddenly lost interest in the matter.
Seeing Wang Xiucheng like this, Jassim was relieved.
But David Wertheimer refused to accept it.
The duck that was almost in his mouth was about to fly away; how could he give up?
Moreover, the more Wang Xiucheng acted this way, the more confident he became.
“My husband, although I only own 5% of the shares, my brother also owns 5% of the shares. If needed, I can contribute 10% of the shares.”
"10%?" Upon hearing this, Wang Xiucheng actually nodded. "10% isn't much, but it's still respectable."
“However, this would require Mr. Wang to spend 20 billion to acquire it,” David Wertheimer said.
Wang Xiucheng chuckled upon hearing this, "Don't you know that Fertitta just returned 20 billion in cash to me?"
Seeing that the two of them were in such a state, Jassim said, "This matter is too big. I need to get the Saudi royal family to vouch for us."
The two exchanged a glance, neither of them having any objections.
Soon, Jassim, accompanied by a somewhat overweight man wearing glasses and a white headscarf, arrived at a room in the horse farm with Wang Xiucheng and David Wertheimer.
Jassim was still trying to persuade them, but he didn't want either David Wertheimer or Wang Xiucheng to get involved.
But it was clear that both of them were a little red-eyed at this point.
Seeing this, Jassim stopped trying to persuade him and instead introduced the fat man with the white headscarf.
“He is Mohammed, the Saudi Minister of Economic Development. If you still don’t give up on this matter, the two of us will guarantee it for you. But no matter who wins in the end, they will have to come up with 100 million as a reward for the guarantee.”
The fat man in the white turban then said, "If you're serious, then please remember that this person can only leave Saudi Arabia after the debt has been repaid. Do you have any objections?"