Wang Shi's tens of millions of pensions are unstable, so he has to rely on Tian Pujun to support his family?

Produced by Radar Finance and Economics, edited by Li Yihui, Deep Sea

Wang Shi, the founder of Vanke, once revealed that his "pension" exceeded 10 million, which is even higher than the salary of most executives of A-share listed companies.

In 2017, Wang Shi, then the founder and chairman of Vanke, announced his retirement, and Yu Liang took over as chairman of Vanke. At that time, the board of directors of Vanke appointed Wang Shi as the honorary chairman of the board, and as the honorary chairman, he did not participate in corporate governance.

Recently, Vanke has suffered from turmoil such as rating downgrades. In addition, the WeChat official account of "Yantai Wanlin Enterprise Management Consulting Co., Ltd." published an article entitled "Reflection on Yu Liang's Manipulation of Vanke for Personal Gain", saying that Vanke was suspected of illegally establishing financial institutions to issue usury and deceive shareholders to misappropriate project construction funds. In addition, there are rumors in the market that all Vanke group vice presidents and above are under border control.

On April 14, Yu Liang, Chairman of the Board of Directors of Vanke, Zhu Jiusheng, President of Vanke, and Zhu Xu, Secretary of the Board of Directors, attended the institutional research activities and responded to a series of negative public opinions, including reports from Yantai partners and border control of senior executives. Regarding the report, Vanke said that the whistleblower had previously reported the case to the Yantai public security organ, but the police had not filed a case, and the tax authorities had not determined that Vanke had the subjective intention to evade taxes. Vanke emphasized that there is no so-called private interest of Vanke's management team in the cooperation project. In response to the rumors of "executive border control", Vanke clarified that the group's management was traveling normally abroad. At the business level, Vanke once again admitted that it has indeed encountered phased operational difficulties and short-term pressure on liquidity. However, Vanke reiterated that the debt scale will drop by 100 billion yuan this year and next year, and the debt risk will be substantially resolved, and promised that "all projects of Vanke Group will be delivered on time and with high quality." ”

In this regard, the WeChat public account of "Yantai Wanlin Enterprise Management Consulting Co., Ltd." issued another document on April 15, stating that on the afternoon of April 14, 2024, Yu Liang's team responded to the report of Yantai cooperative shareholders at the investor exchange event held. The content of the response is evasive, the rhetoric is flickering, and only two issues of co-investment and fund aggregation are explained, but the focus of the report, such as shadow banking, usury, related party transactions, misappropriation of funds, information disclosure and other issues, are all avoided, which should be a fact admitted by Yu Liang's team, and they do have these problems.

Due to the continuous turmoil in Vanke, this has also attracted the attention of the outside world, can Wang Shi successfully get his pension of more than 10 million?

However, even if he does not receive a pension from Vanke, Wang Shi's retirement life is still safe, because Wang Shi has a wife who is richer than him. Wang Shi's current wife is Tian Pujun, who has many identities such as producer, actor, and writer.

At the beginning of January this year, Wang Shi revealed in a live video column that he had a 3-year-old daughter. Talking about his wife, Wang Shi said that when they met, Tian Pujun had more cash deposits than him, "If you talk about sugar daddy, it should be me to eat her." ”

"The first pot of gold is clean"

According to the information on Vanke's official website, Wang Shi, born in 1951, graduated from Lanzhou Railway Institute in 1978 with a bachelor's degree. After graduation, Wang Shi successively worked for Guangzhou Railway Bureau, Guangdong Provincial Foreign Trade and Economic Cooperation Commission, and Shenzhen Special Economic Zone Development Company.

As one of China's most well-known entrepreneurs, Wang Shi's entrepreneurial story is far more vivid than these few lines of legend. Wang Shi, who was born in Liuzhou, Guangxi, joined the army after graduating from junior high school at the age of 17 according to his parents' wishes.

It is worth mentioning that Wang Shi's father, Wang Hui, was an old Red Army, who went to Xinjiang to form the Xinjiang Production and Construction Corps, and then the family went south to Guangzhou. Wang Shi's father also served as the director of the Liuzhou Railway Bureau.

After serving as a soldier in Xinjiang for five years, Wang Shi returned to Zhengzhou and worked as a boiler overhauler in a factory. A year later, Wang Shi was selected to be admitted to the water supply and drainage major of Lanzhou Railway College.

In 1977, after graduating, Wang Shi was assigned to work in the engineering section of Guangzhou Railway Bureau. This year, Wang Shi was 26 years old, and during this work, Wang Shi and Wang Jiangsui got married and had children.

This is Wang Shi's first marriage, and his former father-in-law's identity is not simple. According to media reports, Wang Shi's former father-in-law, Wang Ning, was a high-ranking official in Guangdong Province in the 80s and 90s of the 20th century.

In 1980, Wang Shi began to join the Guangdong Provincial Foreign Economic Cooperation Commission through recruitment, responsible for attracting investment. During this period, even though he had connections and resources that were difficult for ordinary people to reach, Wang Shi still felt quite unwilling.

However, he soon went to Shenzhen to work for the Shenzhen Special Economic Zone Development Company. Wang Shi wrote in his autobiography: In 1983, when I stepped on the train from Guangzhou to Shenzhen, the feelings of excitement, ecstasy, and fear came up in my brain, and my palms were sweaty.

The story of Wang Shi reselling corn in Shenzhen to make money is well-known. According to China Economic Net, he found that corn from northern China has to be transported from Hong Kong to the south, and the price has gone up, and if it can be shipped directly from the north to Shenzhen, he can earn a lot of price difference.

So, Wang Shi went to the Guangdong Shipping Bureau to let them open up the northern route. But he didn't have any money in his hand, so he asked the other party to deliver the goods first, and he would settle it after half a year. With the business of selling corn, Wang Shi earned more than 3 million yuan in just eight months from April to December 1983.

Later, Wang Shi said in an exclusive interview with Nanfang Daily, "This is the first pot of gold I dug in the sea, and it was clean." ”

However, in the eyes of the outside world, the details of "let the other party ship first, and settle it after half a year" is very intriguing. Imagine, if it is a child of an ordinary family, who will pay attention to him when he says this?

However, there are also voices that believe that it cannot be concluded that Wang Shi relies on the huge network behind others. It's just that this incident shows that no one can succeed casually.

With this first pot of gold, Wang Shi's business has been smooth since then. In 1984, with more than 3 million yuan, he founded the "Modern Science and Education Instrument Exhibition Center", which was mainly engaged in video equipment, and was once the largest import and seller in Shenzhen, which was the predecessor of Vanke.

In 1988, Vanke transformed into real estate, and gradually cut more than 20 areas of business, focusing on real estate. In the same year, Vanke's shareholding system was reformed, and unexpectedly, Wang Shi, who was 37 years old at the time, took the initiative to give up his personal equity and chose to be a professional manager of the company.

Behind this, there is Wang Shi's emphasis on reputation, and there are also trade-offs in the environment at the time.

"I earn power, honor, and money for the country. I don't want to be an upstart person. "In the 1980s, it was a very dangerous thing to suddenly be rich...... Instead of blindly owning, I chose to stay away. ”

Claiming to be a "big" daughter-in-law

In 2012, the divorce procedures between Wang Shi and his ex-wife Wang Jiangsui were completed.

At that time, this incident caused a commotion on social media, but the public did not know the reasons for the divorce of the big man Wang Shi, the details of the division of property, etc.

At the same time, Wang Shi and Tian Pujun's love affair was exposed. On January 29, 2012, Tian Pujun posted a pot of braised pork on Weibo with the text, "I finally ate stupid braised pork."

After that, Wang Shi's friends successively posted on Weibo to break the news that Wang Shi often made braised pork for Tian Pujun. This "braised pork incident" almost made Tian Pujun famous overnight.

At that time, Wang Shi was 61 years old, and Tian Pujun was a "post-80s". According to public information, Tian Pujun, who was born in Shanghai, made a cameo appearance in the role of "Prince Dun Fujin" in "The Legend of Zhen Huan", but he has not received much attention.

In 2013, she became famous as Wang Shi's "girlfriend" and returned to the public eye as a co-producer of "Chinese Partner".

Regarding the way the two met, it was rumored on the Internet that Tian Pujun met Wang Shi after entering Cheung Kong Graduate School of Business, but was later denied by the party. Regarding this issue, Tian Pujun himself was also secretive, saying that he had known each other for a long time.

In April 2015, Tian Pujun once revealed in the article "Because of You, I Love Myself More" that Wang Shi had proposed to him, but Tian Pujun rejected Wang Shi on the grounds that they were too busy.

The time when the two of them achieved positive results may be in 2018. In October of this year, at an award ceremony held in New York, Wang Shi expressed his gratitude to Tian Pujun in his award speech: "Thank you to my wife Tian Pujun. This is the first time that Wang Shi has publicly acknowledged his marriage to Tian Pujun.

In May 2023, there were rumors that 72-year-old Wang Shi was preparing to divorce 42-year-old Tian Pujun, which sparked heated discussions on the Internet. On May 5, Tian Pujun replied to netizens on his personal Xiaohongshu account: "I am not divorced."

That night, she also posted a video of playing a game with Wang Shi, with the text "Playing 'real estate tycoon' with a real estate tycoon, it's good, don't worry about it", once again denying the divorce rumors.

And Wang Shi once again talked publicly about his wife in January this year. He said in a live video column, "Many people think that I am now married for the second time, and my young daughter-in-law thinks that she is in love with me." I'll give you an account now, when I met her, she had more cash than I did. ”

Wang Shi also said that Tian Pujun did not make money by shooting advertisements, but that she was already a real estate consultant in the mainland of Shui On at that time, "(when I met her) she was already very successful, if you talk about sugar daddy, it should be me to make a big deal with her." ”

In the show, Wang Shi also revealed that he has a 3-year-old daughter, and emphasized that "it is not an illegitimate daughter, but a marriage match." ”

Build a new business landscape

In addition to married life, Wang Shi's career after retirement has also attracted much attention.

In June 2017, 66-year-old Wang Shi officially announced his retirement from Vanke. According to Vanke's 2017 annual report, from 2010 to 2016, Wang Shi, as the chairman of the board of directors, received an average annual after-tax economic profit bonus of 16.7983 million yuan.

In the six months before leaving office in 2016 and 2017, Wang Shi's total pre-tax remuneration was 9.99 million yuan and 5.947 million yuan respectively. As of the end of 2017, Wang Shi held 7,617,200 A shares of Vanke, accounting for 0.069% of the total share capital.

According to the annual report, in order to fully affirm Wang Shi's irreplaceable contributions to the company in the past 33 years, the board of directors appointed Wang Shi as the honorary chairman of the board of directors after deliberation. As the Honorary Chairman, Wang Shi is not a director, supervisor or senior management of the Company and does not participate in corporate governance.

Although he did not participate in the company's operation and governance after leaving office, Wang Shi was still able to receive a "retirement pension" from Vanke. In December 2019, in the interview program of Sina Finance's "At least one hour", Wang Shitan said that he was the honorary chairman of Vanke for life, and his salary remained unchanged according to the original, and the pensions added up to more than 10 million a year.

This income level exceeds that of most current chairmen and senior managers of A-shares. According to the statistics of Caijing, in 2022, there will be 1,932 chairmen of listed companies with an annual salary of one million yuan or more, accounting for 38%, and only 28 will have an annual salary of more than 10 million yuan. Among the general managers, there are 2,322 with a salary of 1 million yuan or more, accounting for nearly half, of which 28 are more than 10 million yuan.

After leaving Vanke, Wang Shi, who has a pension of one million per month, still frequently attracts the attention of the outside world for his study tours, book publications, and rowing sports.

In terms of career, Wang Shi is not idle. Since 2017, he has successively established Deepstone Management Consulting (Shenzhen) Co., Ltd. and Deepstone Holdings Management (Shenzhen) Co., Ltd., which are involved in sports and finance, respectively.

On April 8, 2022, according to the website of the Hong Kong Stock Exchange, Destone Acquisition Corp. (Shenshi Acquisition Enterprise Co., Ltd., hereinafter referred to as "Shenshi Acquisition"), a special purpose acquisition company (SPAC) co-sponsored by Wang Shi, officially submitted a listing application.

The management team of Shenshi acquisition has a strong lineup, the chairman of the company is Wang Shi, the CEO is Liu Erfei, a top investment banker, and the directors include Zhang Chaoyang, the founder of Sohu, Liu Shuwei, "Dong Mingzhu's best friend" and others.

However, at present, the website of the Hong Kong Stock Exchange shows that the listing application of Shenshi Acquisition is "invalid".

In addition, Wang Shi also entered the private equity industry. In April 2023, according to information on the website of the Asset Management Association, "Shenshi (Wuxi) Private Equity Fund Management Co., Ltd." (hereinafter referred to as "Shenshi Fund") completed the filing and registration of private equity fund managers.

Tianyancha shows that Shenshi Fund is 100% controlled by Shenshi Holdings Management (Shenzhen) Co., Ltd., and the actual controller of the latter is Wang Shi, who indirectly holds 94.05% of the equity of Shenshi Private Equity Fund.

Compared with the first generation of entrepreneurs such as Ren Zhengfei and Liu Chuanzhi, Wang Shi seems a little different. He founded Vanke at the age of 33, climbed Mount Everest at the age of 52, traveled abroad to study at the age of 60, and gave way at the age of 66.

On January 4 this year, Wang Shi posted on Weibo and sighed: "Life is a wilderness, not a track, don't let life limit your possibilities."

However, Wang Shi's ability to get out of the "wilderness life" is objectively inseparable from his success in Vanke, and the latter's growth is closely related to the general environment.

Vanke was born in a period of rapid economic growth, "bending down is a piece of gold", Vanke in the era of Wang Shi was in the golden age of real estate, but now the situation is different, Vanke is working hard to "survive".

But fortunately, Wang Shi, who is out of the way, does not seem to affect his daily life even if Vanke's current situation of "phased operational difficulties and short-term liquidity pressure" is difficult to change for a while.