Becoming a Russian Oligarch After Rebirth
Chapter 599 Year-end Bonus (1)_1

Chapter 599: Chapter 599 Year-end Bonus (1)_1

Wang Ye has never been a man to keep all the profits to himself.

He clearly understands that money can’t be earned all by oneself, nor could he do all the profitable businesses on his own.

If one wants to keep expanding, it is important to have a good network of friends, regardless of the country or industry.

In nearly two years of living in Moscow, he has made friends with many powerful people, such as Gavriil, Rilinov, Aleksey, Shao Yigu, A Bu, and others.

He even managed to connect with some smaller players, like Flammie and Novich from the police department.

However, in the business sector, he felt that he was lacking friends.

Apart from an "Uncle" Khodorkovsky, there were no other power figures.

Therefore, Wang Ye planned to use the Facebook network as a tool to draw and win over some business tycoons, or major families like the Rossiyana family who have influence in both politics and business.

He even planned to introduce Euro-American capital in the future, facilitating Facebook’s overseas promotion.

Hence, the next round of fundraising would be on a much larger scale.

The amount might be astonishing...

Of course, this also entirely depends on how far Sergei and his team can take the website, and whether it could become the "unicorn" in everyone’s eyes!

...

Upon receiving Wang Ye’s promise, a smile appeared on Rossiyana’s face.

Although the investment could not be made immediately, at least she got Wang Ye’s promise to participate in the next round of financing.

This could also give her family an explanation.

Rossiyana is quite valued in her family, after all, she has the connection of being the daughter-in-law...

However, her family does not put all its eggs in one basket, as it is uncertain whether she will stay in the Kremlin for long, and whether she can have a stable position.

The political arena in Moscow is in constant change...

Therefore, the Rossiyana family is also diversifying their "investments", not putting all eggs in one basket.

One of their recently selected "investment targets" is Mikhail!

This emerging political star is young enough, with a good reputation, and has a significant influence among the younger generation.

More importantly, Mikhail is capable of dealing with anyone and doesn’t bear the mark of any single faction.

Particularly considering his party is the third faction, it currently maintains a neutral attitude in the competition between the first and second factions.

Moreover, Mikhail’s achievement in the business field is the most excellent in recent years!

Playing both politics and business, and performing exceptionally well in both!

Therefore, the Rossiyana family judges that this young man, Mikhail, would have a promising future.

Therefore when Rossiyana came over to be Wang Ye’s assistant, it was not only the suggestion from the Kremlin. Her family also played a part...

...

There is a small episode that Wang Ye doesn’t know about.

This lottery draw was handed over to the Facebook network to conduct the final awarding.

On one hand, he wanted to save trouble, on the other hand, he wanted to give Facebook more exposure in the news media.

The lucky winner, Milosevic, a student from Petersburg University, had a conversation with Sergei when he came to collect his award.

Both were university students and computer experts.

When meeting Sergei, Milosevic suggested some improvements on the Facebook network, ideas he had from his daily usage.

Some suggestions were rather innovative, and Sergei was greatly inspired.

The two had a great conversation, and in the end, Sergei simply invited Milosevic to work at Facebook.

The offered position was a product manager, not too high, but not low either.

Although Facebook doesn’t have a large number of employees, Sergei adheres to a principle of quality over quantity. Every employee recruited is personally interviewed by him, especially those in technical positions, who are absolutely top-notch experts.

Therefore, the salary offered is not low, the position of product manager offered to Milosevic has a monthly salary up to three thousand dollars!

Even in Moscow, it is definitely a high salary.

After a brief hesitation, Milosevic agreed to it. After all, transferring universities is relatively easy here, and he can study at Moscow University.

This would not interfere with his academic degree or his work.

Moreover, Facebook is a website that he has high hopes for. Even if he goes to study in Silicon Valley after graduating from his university, it might be challenging to get a better opportunity than this.

Being a "veteran" employee in a promising internet company at its initial stage, if the company goes public, just the incentive of stock rights alone can make an ordinary person a millionaire, and perhaps even a billionaire!

Milosevic is completely aware of this.

...

As December came to a close, Wang Ye became even busier.

Since all his companies began to collate their performances for the year and prepare year-end financial reports.

Of course, they also have to report this year’s results to him, the big boss.

The first to schedule an appointment to report to Wang Ye was from the New Sun Group.

Now the responsibility of running it lies with Big Head Kong. After the merger of Lyublino Large Market and the Old ACT Market, along with the official opening of the New Sun Phase Two, the New Sun Group almost monopolized the import wholesale distribution market all over Russia.

That was not trivial at all, but a money tree!

"President, this year’s group’s total revenue reached 780 million US dollars. This includes rent, management fees, customs clearance and transportation costs, as well as money exchange service charges, etc. After deducting market operating expenses, the net profit is 520 million US dollars..."

Big Head Kong sat across Wang Ye, delivering the report with a full-faced smile.

In terms of revenue, the New Sun Group did not rank very high, only having 780 million US dollars.

This number is basically incomparable to the other group companies.

However, their net profit is very high!

After all, the operating cost is very low once this kind of wholesale market is set up, and money can be earned simply by sitting back and relaxing.

The reason for this year’s expenditure of 260 million US dollars was the construction of the New Sun Phase Two market and the acquisition of both Lyublino Large Market and the Old ACT Market.

Otherwise, the profit this year would have been even higher!

After a few changes in the shares of the New Sun Group and the acquisitions of both Lyublino Large Market and the Old ACT Market, the board again negotiated and redistributed the shares.

Presently, Wang Ye holds over half of the shares of the New Sun Group, up to 55%!

Therefore, of the 520 million US dollars net profit, he would take home 286 million US dollars.

Nearly 300 million US dollars!

Whilst calculating this figure, Wang Ye was a bit amazed.

Initially, he didn’t pay much attention to the New Sun Group, as he had to manage many other larger group companies.

Nevertheless, at the end of the year, this unassuming group company had indeed brought him a small surprise...