Becoming a Russian Oligarch After Rebirth
Chapter 552: Top Three on the Wealthy List_1

Chapter 552: Chapter 552: Top Three on the Wealthy List_1

Wang Ye simply remained silent while the other directors nodded repeatedly in agreement.

"Indeed, Mikhail has indeed made remarkable contributions to the Group. A reward of five percent shares is by no means excessive."

"Our company’s market value has indeed soared recently. This is all thanks to Misha."

"The president is so generous. Mikhail, your uncle treats you so well that there’s nothing to say!"

"If one day the president retires, I believe only Misha can take over his position. I would not approve of anyone else!"...

Everyone praised Khodorkovsky and Wang Ye endlessly. After all, compliments cost nothing...

If they really had to offer their shares as a reward to Wang Ye, they would probably refrain from doing so.

Looking at Khodorkovsky’s kind smile, Wang Ye was feeling a surge of emotion.

This nominal "uncle" truly treated him well.

Perhaps at first, Khodorkovsky might have had ideas of "using" him.

But as time went on, after Wang Ye demonstrated extraordinary talent, Khodorkovsky’s attitude towards Wang Ye changed.

He did not do anything against Wang Ye, and on many occasions, provided immense assistance to Wang Ye!

Without mentioning anything else, just the money he lent to Wang Ye is close to two billion US dollars!

Without this financially strong uncle, many things would have been impossible for Wang Ye.

Furthermore, the high-profile contacts that Wang Ye made at the beginning were all because of Khodorkovsky’s connections. They treated him kindly...

For instance, A Bu and Gavriil.

Without this "uncle" Wang Ye would not have had the chance to meet them at all!

Of course, the reason those people were willing to help Wang Ye later on has a lot to do with Wang Ye’s own merit. It was not only because he was Khodorkovsky’s "nephew".

Put it this way, Wang Ye’s current achievement is due to his personal abilities and efforts. But Khodorkovsky also provided him with a giant platform and great assistance.

Both aspects complement each other. One could not do without the other!

......

"Then... thank you, Uncle." In the end, Wang Ye did not refuse and accepted this huge reward.

"Haha, that’s right! It’s just a little share. In the future, your business will not just be limited to this. There’s no need for formalities between us, nephew," Khodorkovsky laughed heartily.

Before this, Wang Ye had never known about the share structure of Yukos Group. Today, at the board meeting, because of the share transfer matter, Khodorkovsky explained it to him.

The Yukos Group is no simple company.

This is a true giant in the energy industry!

After acquiring the Siberian Oil Company, it has undisputedly become the largest oil company in Russia, accounting for eighty percent of the nationwide oil production and fifty percent of the exports!

The reason why the export number is so much less than the production number is because a portion is sold to the state-owned oil company. It then does domestic sales or turns to export after refining.

Put it this way, it’s sort of like a "protection fee"...

But even so, it’s not an exaggeration to say that the Yukos group reigns supreme.

The shares of the Group are held by Khodorkovsky individually and the offshore company he controls, totaling 65%!

Of course, he is also the Group’s largest shareholder, chairman, and president.

The Russian Gas Industry Group controls 20% of Yukos Group’s shares and is the second-largest shareholder.

The remaining fifteen percent are controlled by several domestic Russian and European and American funds, who are all minor shareholders.

After Khodorkovsky personally transferred 5% of his shares to Wang Ye as per their agreement, he will still control 60% of the Group’s shares and remain the largest shareholder with absolute control.

The Russian Gas Industry Group will still have 20% of the shares and remain the second-largest shareholder.

But Wang Ye, owning 5% of the shares, will become the Group’s third-largest shareholder overnight!

At that time, he would not merely be a nominal director, but a bona fide major shareholder of the company!

......

Khodorkovsky seemed to have prepared everything in advance, immediately calling in his assistant and the Group’s legal advisor.

He took out a prepared share transfer agreement for Wang Ye to sign.

In this agreement, it clearly stated that Khodorkovsky would transfer the 5% of Yukos Group’s shares he held to Mikhail for the price of "1 US dollar".

Wang Ye picked up a signing pen and earnestly signed his name, Mikhail, on the agreement...

These few letters are worth billions of US dollars!

After signing, Khodorkovsky smiled and said, "Alright, the legal department can handle the rest. Congratulations, Misha. If there is a rich list this year, I guess you could be... among the top three! You might even be the second."

Who the first is, needless to say, besides Khodorkovsky, nobody else even needs to think about it!

But for the second place, it’s not too sure.

Last year, A Bu steadily held the second place.

Wang Ye barely made it into the top ten.

However, speaking of it, Wang Ye is not very sure about his own net worth.

Because his companies haven’t gone public, it’s hard to estimate their value.

But regardless, even without the 5% Yukos Group shares, taking into account only Wang Ye’s companies, his net worth should comfortably exceed fifty billion US dollars.

Making the top ten is definitely no problem.

Adding the 5% Yukos Group shares this year, Wang Ye’s net worth will break ten billion US dollars!

This will directly place him in the top three of the Russian Rich List and there could even be a chance to claim the second spot!

Of course, there are also many invisible wealthy individuals here. Without mentioning others, A Bu’s real net worth is much more than appears on the rich list...

......

After the board meeting concluded, the directors made their excuses and left.

Wang Ye remained, following Khodorkovsky to his office to continue their chat over coffee.

After they settled down on the sofa, the assistant brought them fragrant coffee and then left the room.

In the spacious office, only the two of them remained.

Wang Ye took out a cigarette box, lit a cigarette, but did not offer one to Khodorkovsky.

Because he knew that Khodorkovsky barely smoked, he occasionally enjoyed a cigar.

But Wang Ye did not like cigars just yet, perhaps he felt he was not old enough...

"Uncle, there really isn’t a need to give me so many shares. And, I always felt that it is most appropriate for you to manage the Yukos Group. I have a pile of problems on my hands and I simply don’t have enough energy to manage such a large Group."

The blue smoke veiled Wang Ye’s face, making it impossible to see his thoughts.

He wasn’t being modest, but speaking his mind!

The Yukos Group isn’t like any ordinary company. This company is huge!

Just observing how busy Khodorkovsky is each day made it evident...