Becoming a Russian Oligarch After Rebirth
Chapter 1360 - 1080: Making a Fortune in Silence

Chapter 1360: Chapter 1080: Making a Fortune in Silence

Gavriil was shocked when he mentioned that Wang Ye could "predict the future." He thought his secret of "rebirth" had been discovered.

Perhaps in the eyes of some, Wang Ye’s dual identity is already his biggest secret.

But in fact, no one knows that Wang Ye’s real secret is not his identity, but that he is a reborn individual...

This is his biggest secret, and he has never revealed it to anyone!

Of course, even if he did, probably no one would believe it, after all, it’s too incredible.

For Gavriil, Wang Ye’s vision was indeed too "advanced," and each of his predictions about significant future events was accurate.

Hence the earlier exclamation.

Truthfully, Gavriil’s feelings towards Wang Ye were also changing.

From initial appreciation and seeing his usefulness, to now admiring and even respecting him, believing that Wang Ye’s capabilities were unmatched in the entire Moscow political arena. It would be the best choice to entrust the country to him in the future!

However, as he said, this was merely his personal opinion, not representing the views of the Kremlin.

But this actually explains a lot.

That is, in the Moscow political arena, many people, regardless of their faction, are increasingly acknowledging Wang Ye, and no one could question his abilities.

...

Shortly after Wang Ye and Gavriil had their discussion, some insiders were still skeptical about Wang Ye’s "prediction of the world economic crisis," but a crisis had already fiercely arrived.

On June 11, HSBC Holdings announced their earnings and additionally increased the preparation amount in American subprime residential loans to 7 billion US dollars, totaling 10.573 billion US dollars, an increase of 33.6%; the news caused a significant drop in the stock market that day, with the Hang Seng Index dropping by 777 points, a 4% decrease.

On June 24, facing a debt pressure of 17.4 billion US dollars from Wall Street and unable to repay, New Century Financial, the second-largest subprime mortgage company in America, declared bankruptcy protection and also cut 54% of its workforce.

On July 1, the Industrial Bank of Germany announced a profit warning, later estimating an annual loss of 8.2 billion euros due to massive losses caused by its involvement in the American real estate subprime mortgage market services through its "Rhineland Fund" and the bank itself.

The German Central Bank called a nationwide meeting with banks to discuss a rescue package for the Industrial Bank of Germany.

On July 5, America’s tenth largest mortgage institution, American Housing Mortgage Investment Corporation formally filed for bankruptcy protection, becoming another large mortgage institution applying for bankruptcy in America following New Century Financial.

On July 6, Bear Stearns, America’s fifth-largest investment bank, announced that two of its funds had collapsed, also due to the subprime storm.

On July 7, France’s largest bank, Paris Bank, announced the freezing of three of its funds, also because of huge losses incurred from investing in American subprime bonds. This move led to a significant drop in the European stock market.

On the same day, US stocks plummeted, with the Dow falling by 2%, Standard & Poor’s by 2.04%, and Nasdaq by 2.15%.

European stocks suffered the same fate, plunging by 3.4% at market opening, with no worldwide stock market spared...

On July 8, the European Central Bank and the Federal Reserve both announced intervention to save the stock market.

From July 8 to July 19, within 48 hours, central banks around the world injected over forty billion US dollars to rescue the market!

The Federal Reserve alone injected more than sixty billion US dollars into banks in one day, but it didn’t have much effect; the stock market only temporarily halted its decline before continuing to plummet.

The US stock index has fallen to its lowest point in recent years!

...

This economic crisis came suddenly and was ferocious, with strong explosive power, sweeping across the globe in just about a month, leaving almost no country unaffected.

Europe and the United States and other developed countries, with their heads scorched, are trying to deal with this crisis that is sweeping worldwide, saving the plummeting property and stock markets, having no time to care about other things.

Only a few countries with relatively closed financial markets were less affected, such as Russia and some of its poorer brothers, along with a country in Asia...

In the midst of this chaos, probably no one noticed that Wang Ye’s Big Shark Hedging Fund was "killing it" on the American financial market!

Because it had been lurking in the American financial market months in advance, although with a large amount of capital, the operations were spread out, not only short-selling subprime bonds but also short-selling stock indices.

With the astonishing volume of the American financial market, this one hundred billion US dollars was like a drop in the ocean, virtually causing no ripples.

Now that the economic crisis had arrived as expected, while others were wailing losses, that Big Shark Hedging Fund was making a fortune quietly...

By mid-July, when the economic crisis officially erupted, the Big Shark Hedging Fund’s profit had already reached about 150%, that’s about one hundred and fifty billion US dollars!

This was already considered "exceeding expectations."

After all, Wang Ye had initially promised the shareholders a minimum profit of 50%, with half of the part exceeding 100% taken by him personally before distributing the rest according to the investment ratios.

If he were to cash out and leave the market now, the amount Wang Ye could divide was extremely astonishing.

He could take half of the five hundred billion, which is two hundred and fifty billion US dollars.

Then the remaining total profit of one thousand two hundred fifty billion, with Wang Ye personally contributing two hundred billion, which is one-fifth, means he could still get two hundred fifty billion US dollars.