There is an old saying, well said, the tiger father has no dog, but often it is the case of the tiger father and the dog, and the rich are not more than three generations.
Because the "tiger father" is difficult to start a business, tempering in these difficulties will naturally have the ability and level far beyond ordinary people, and the descendants will inevitably have low ability to be arrogant and lascivious after the success of entrepreneurship, and become "dogs".
Hong Kong's tycoon families, the Lam family, are typical examples.
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The Lin family was founded by Lin Baixin, who began to set up a knitting factory in the business world from the age of 15 to the acquisition of Hong Kong's first TV station ATV at the age of 80, worth tens of billions, and his life experience is not legendary, and his career is not beautiful.
However, his son was at the other extreme compared to him, and could be described as one heaven and one earth, which was very incomplete. The eldest son was incompetent, incapable of managing the family business, and obsessed with beauty, and it was said that he had sex with thousands of women.
The second son is mediocre in ability, but has no self-awareness, repeatedly folded in the mall, once because of investment failure, the loss of tens of billions of family property.
Lin Baixin was born in Guangdong in 1914, and his father was Lin Xianzhi, a rich man in Shantou at that time and a famous banker. The family environment is excellent, so that Lin Baixin received a good education from an early age, and at the same time, under the teaching of his father, he was quite talented in business, and he quickly showed his talents due to years of hearing about it.
In that era, due to the Opium War in 1840, the defeat of the Qing Dynasty was forced to sign the Treaty of Nanjing, which opened the door to China, foreign commodities continued to pour into the Chinese market, and China's traditional natural economy was strongly impacted under the influence of foreign capitalism, especially the direct bankruptcy of the handicraft industry based on textiles.
As a result, the small-wealthy businessmen have been exploited and squeezed by the bureaucracy, and under the influence of many factors, China's industrial and commercial development has been difficult.
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In this context, the development of the merchant group has been greatly limited, and the industrial level is not enough, and many times can only produce some light industrial products, such as flour, textile and other industries, which are directly unsustainable in heavy industry.
But the development of Industry and Commerce in China could not stop here, many businessmen learned from Western science and technology, used their advanced tools and management at that time to operate and produce, and competed with Western capitalists, of course, some of them were attached to Western capital, we call this part of the people compradors, but in any case we call it national capitalism.
In the coastal areas of Guangdong and Hong Kong, it was the earliest port opened at that time, and the influence of Western capital was also the most profound, and national industry and commerce were also the first to develop in these areas.
Lin Baixin's commercial territory in Guangdong also opened under this circumstance.
In 1930, Lin Baixin moved to Hong Kong with his father Lin Xianzhi, and with the support of his father, he entered the textile industry, and at the age of 15, he established a textile workshop, Cheng Fuk Knitting Factory.
Because it has always been a British colony, a large number of textiles were dumped here, and Hong Kong at that time had no ability and British competition, so that no one stepped into this market, which directly led to the underdevelopment of Hong Kong, and the textile field was much worse than that of Guangdong and other mainlands.
Unlike Lin Baixin, Guangdong's textile industry has the ability to fight with foreign capital.
Under such circumstances, Chengfu Knitting Factory soon gained a foothold in Hong Kong and became his first step towards becoming a "textile king".
Slowly, Lin Baixin's textile business became bigger and bigger, in 1947, Lin Baixin and his wife opened the "Chengfu Weaving Factory" and founded Lixin Garment, and the clothes produced were directly exported to Southeast Asia.
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Not only that, because of a chance, Lin Baixin took a list from East Africa and directly opened the African market, and Lin Baixin's market basic disk was even larger, far exceeding his peers.
In 1966, Lin Baixin built the "Baixin Building", and the establishment of this building marked his peak in the textile field. But Lin Baixin is not satisfied with this, while doing a good job in the basic plate of the textile industry, he will focus on other fields.
In the 1970s, after Nixon's visit to China, China and the United States began to reconcile and began to relax economic restrictions on Asia, And Japan also followed behind the United States, and the economy of Southeast Asia began to have a look, the most typical of which was the later "Four Asian Tigers".
As one of the four Asian tigers, Hong Kong's economy has taken off, the most significant of which is the real estate industry, and real estate stock speculation was in full swing at that time.
Also during this period, Lin Baixin began to enter the real estate industry. In 1972, Lin Baixin listed Lixin and founded Lixin Group, and his business territory gradually opened up the garment, real estate, hotel, entertainment, media, catering and other industries, which was not the peak period of Lin Baixin.
In 1988, Lin Baixin bought the equity of Asia Television and stepped into the film and television industry, and in 1994, Lin Baixinjin became the largest shareholder of ATV, trying to compete with Shaw Film and bring Lixin Group to its peak.
In addition to his career, Lin Baixin's private life is also envied by others, and his four wives and eighteen sons enjoy the blessings of the people, but the descendants also lay the foundation for the decline of the family business later.
In 2005, Lin Baixin died, ending his legendary life.