Becoming a Russian Oligarch After Rebirth
Chapter 1463 - 1131: From the People, For the People_2

Chapter 1463: Chapter 1131: From the People, For the People_2

"In terms of finances, I have indeed been free for a long time, and now I feel that having so much wealth actually serves little purpose. Money has truly become just a number to me.

So, after officially taking office, I’ve decided to donate all my shares in several major companies, such as Yukos Group, Russian Gas Industry Group, Russian Auto Group, United Airlines, Siberian Gold, Aluminum Industry, and other resource groups to establish a Kremlin Special Fund. This fund is to support the expenditures of institutions like the Federal National Guard Service, also considered a supplementary contribution to the government’s finance expenditure!

After all, these are either resource-based enterprises or enterprises relying on national strength and market power, sourced from the people and used for the people!"

These words truly shattered the sky, shocking everyone in the meeting room!

Wang Ye is donating all his assets?!

Has there ever been such a precedent in history?

Surely not domestically in Russia, and it seems unheard of in other countries too...

Even if there were, those individuals’ wealth couldn’t compare to the vast fortune of Wang Ye, so their donations might just be a show, but Wang Ye is genuinely taking out company shares worth hundreds of billions of US dollars!

Actually, there’s a bit of a misunderstanding; while Wang Ye indeed said he would donate shares from Yukos Group and several other conglomerates, he did not say he would donate all of his company shares.

For companies like Crimea Investment Group, Polar Bear Investment, Xiao Ying Group, and New Sun Group, he would not donate them.

Not because he is reluctant to part with the money, but because some of these companies are either too small to mention or technically not "owned by him" as they are not in his name.

What he is donating are those companies which explicitly list his name on the shareholder rolls, and where he is even the largest shareholder!

Even after discounting these companies, relying solely on Crimea Investment Company and Polar Bear Investment, Wang Ye’s net worth could still compete for the title of the world’s richest man...

Oh, don’t forget that his account also holds more than two hundred billion US dollars in cash!

Donating part of his assets is something Wang Ye has carefully pondered, not a spontaneous act.

After all, as the Chairman of the Economic Committee, he is very well-informed about the country’s financial status and knows that the ambitious initiatives he plans to undertake after taking office, though well-intentioned, cannot proceed without sufficient financial backing.

Since robbing Peter to pay Paul is not an option, he has to figure out a way to generate some funds.

What methods can get money fastest? There are a few means: issuing bonds, nuclear-powered printing of money, increasing tax efforts...

Or he could seize a bunch of oligarchs and confiscate their assets!

But these methods all have significant side effects, and Wang Ye does not wish to take such actions.

Thus, the simplest solution is to dig into his own pockets, and it’s not like he can’t afford to.

For him now, money really is just a number with little significance.

Is there a practical difference between a net worth of one trillion US dollars or one hundred billion US dollars? Both are more than he can spend!

So Wang Ye simply decides to donate the shares of companies like Yukos Group and Russian Gas Industry Group to support the nation’s finances.

To be honest, these group companies are themselves resource enterprises dealing in crude oil, natural gas, aluminum, coal, etc. If he holds a significant number of shares for long, it could easily become a vulnerability for political adversaries to exploit in the future.

Others will seize on this to accuse him of occupying national resources and profiting from the sale of those resources, a hard situation to explain clearly.

So Wang Ye decides to resolve these potential issues on his own, earning a good reputation in the process.

Once everyone comes to their senses, they are awash with admiration.

Gavriil is the first to give a thumbs up, exclaiming: "Mikhail, your actions are absolutely unprecedented, a feat like no other, donating a fortune of a hundred billion just like that! Such courage is truly admirable."

Medvedev, with a face full of respect, said: "Through this act, I am truly convinced of your character, such a deed, I must admit candidly, is beyond my capabilities."

Others also rushed to express their admiration for Wang Ye...

Wang Ye waved his hands modestly and said:

"Everyone, please don’t overpraise me. Even after donating these assets, I still have more than enough left to live a carefree life.

Furthermore, I do have a salary, and all of my basic needs are covered by the country, so I hardly have any expenses to speak of, haha.

I just hope to set an example for all public servants. I’m not expecting everyone to do as I have and donate their assets, since most public servants don’t have much to give.

All I hope is that everyone can be honest and diligent in their duties!"

At this stage, naturally nobody questioned the financing of the Federal National Guards Command anymore since Wang Ye was footing the bill!

What could others possibly say...

...

After the meeting, Wang Ye went to visit his father-in-law and briefly recounted the discussions from the meeting and the actions he intended to take.

After listening, his father-in-law was silent for a while, seemingly struggling to grasp what had been said.

Coming back to his senses, all he could do was shake his head with a wry smile and say, "I never imagined that even before officially taking over, you would make such bold moves. You must think carefully, setting up a new high-level institution, especially in the military sector, involves too many areas, and even if you solve the financial issues, you could still face a lot of resistance."

Wang Ye nodded in understanding:

"I have considered this, but we can’t do nothing just because there are difficulties!

With the current state of our country, we really can’t afford to wait. We must implement extensive top-level reforms or else we will be left behind."

His father-in-law empathized deeply with this sentiment, as he himself had also wished to do the same. However, he had not possessed the same strength or financial means Wang Ye now had, and he faced much more complex circumstances!

In a way, he was envious of the young man Wang Ye.

He didn’t have to worry about money, and as a representative pushed forward by all the major factions, even if Wang Ye took some big steps or rushed things after taking office, everyone would have to begrudgingly accept it and would likely offer their support to some extent.

Therefore, Wang Ye could act according to his plan, to quickly advance and implement it.

In the end, his father-in-law could only sigh deeply, then pat Wang Ye on the shoulder with a look of expectation, and say, "As long as you’re confident, just go ahead and do it!

Being indecisive and restrained is not the way to be in that position, and being overly cautious will accomplish nothing.

You have the advantage because everyone supports you, so you can confidently do whatever you think is right.

I am eager to see, after five or ten years, to what heights you can take this country.

Perhaps, the promises I made to everyone initially... will have to rely on you to fulfill..."

The promises his father-in-law had made?

Wang Ye smiled knowingly and nodded solemnly.

Having donated almost half of his wealth, Wang Ye went home and truthfully informed Rossiyana, as they were now married, and technically speaking, the assets were not just his own but also included Rossiyana’s share.

After listening, Rossiyana wasn’t angry; instead, she just laughed and said, "You are quite generous, donating so much all at once, but it doesn’t matter, our family isn’t short of money anyway. Just our two salaries should be enough to spend, and if not, we can always ask Grandpa for a little sponsorship."

Wang Ye chuckled without saying much, as it seemed Rossiyana was unaware of his little financial secret...

It must be that the old fox Constantin hadn’t told her about their joint efforts to ’make money’ in the United States, an endeavor that Constantin participated in, so he knew exactly how much Wang Ye had earned.

However, that money was earmarked for other purposes and couldn’t be touched for the time being.

...

Time flies, and before you know it, March has arrived, and the official inauguration ceremony is about to be held...