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Current Events > University graduate becomes one of the worlds richest people overnight

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Darmik
10/24/19 10:06:47 PM
#1:


https://www.bloomberg.com/news/articles/2019-10-23/son-gifted-3-8-billion-by-parents-wants-to-avoid-rich-lists

One of Chinas richest families just gave their 24-year-old son a $3.8 billion gift.

The founder of Sino Biopharmaceutical Ltd. and his wife are transferring about a fifth of the companys share capital to their son Eric Tse, making him one of the worlds richest people overnight.

The grant of 2.7 billion shares, detailed in a Hong Kong exchange filing late Tuesday, adds to a tsunami of Asian wealth thats being passed down to the next generation. In 2018, four Chinese tycoons placed more than $17 billion into family trusts, while many of Hong Kongs biggest developers are engaged in succession planning. One major advantage is that Hong Kong has no tax on gifts or inherited wealth.

Sino Biopharmaceutical and Tse didnt respond to messages seeking comment on the gift.

The son of Tse Ping and Cheng Cheung Ling, Eric Tse was born in Seattle, attended primary school in Beijing and secondary school in Hong Kong, then graduated with a finance degree from the Wharton School of the University of Pennsylvania, according to an article on the business schools website. He established the China Summit Foundation, a charitable organization that supports education and cultural initiatives and was a Schwarzman Scholar at Beijings Tsinghua University.

Tse is also active on Instagram, where he shares shots of himself parasailing and partying with Rihanna. Other selfie-mates include model Bella Hadid, basketball star Yao Ming and Monacos Princess Charlene. His most recent post is from Beijing, where he attended the 70th anniversary of the Peoples Republic of China.


Inspirational
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Kind Regards,
Darmik
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evil_zombie11
10/24/19 10:10:35 PM
#3:


Ew
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Yo wtf
Probably lifting or running...
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SomeLikeItHoth
10/24/19 10:11:49 PM
#4:


Good on him. Hope he uses the money wisely.
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FAM FOREVER.
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inloveanddeath0
10/24/19 10:12:36 PM
#5:


Probably won't end well
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http://www.last.fm/user/PolarPolaroids
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Paper_Okami
10/24/19 10:13:15 PM
#6:


https://www.youtube.com/watch?v=PmVmeyYj6Po" data-time="

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"Conceit, arrogance and egotism are the essentials of patriotism"- Emma Goldman
"Wimmy Wham Wham Wozzle!" -Slurms MacKenzie
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pls
10/24/19 10:18:31 PM
#7:


Paper_Okami posted...

@SBAllen so do we allow death threats on Gamefaqs?
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Do good.
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#8
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#9
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Paper_Okami
10/24/19 11:44:53 PM
#10:


this one is better than the hitchcock one
https://www.youtube.com/watch?v=acT_PSAZ7BQ" data-time="


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"Conceit, arrogance and egotism are the essentials of patriotism"- Emma Goldman
"Wimmy Wham Wham Wozzle!" -Slurms MacKenzie
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Tupacrulez
10/24/19 11:46:49 PM
#11:


bUt RiCh PeOpLe WoRk HaRd FoR iT!
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Suck less, Rock Moar
Company I work for sends screwed up pieces out all the time.-r4xor, the professional welder.
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#12
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LordFarquad1312
10/24/19 11:50:42 PM
#13:


"Son of a rich family officially becomes rich as well"

The original tittle is shit ass clickbait, the story is not interesting in the least.
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The force is my ally
"If you are tired of fear from links... Let Kirby's Nightmare protect you."
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FvP
10/24/19 11:53:54 PM
#14:


Weak IG game
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FvP | falco_vs_peach | *^*"The Shinies" Member*^* | Adventure Time Member
#FreeCMC PBWSB PDPSB /pdpsb/ PBWSB User Tournament Winner: DiabIo
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