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He owed more than 70 billion yuan and was finally cornered, so he could only choose to flee, and when he left, he only took away his celebrity girlfriend and 6.1 billion funds in his account, and nothing else was brought with him, but unfortunately he did not escape the punishment of the law in the end.
Before the police formally arrested him, he and his girlfriend spent money in Hong Kong, and even when his father died, he had no way to come back to his father's funeral, he was Wang Jiuhong, a very famous rich man.
So who is Wang Yonghong, and what did he do to owe 70 billion in debt? What will end up with him?
Build your own business empire
Wang Yonghong was born in a family of civil servants in Guangxi, his father worked in a government unit, his mother was a housewife, and there were two brothers in the family, Wang Yonghong and Wang Jihong.
The two brothers have also had good academic performance since childhood, never need their parents to worry, and after graduating from college, they also entered the company's middle-level work, but this kind of life is not ideal for Wang Yonghong.
Because no matter how hard he worked, he was always working for others, and his strength could not be reflected, so he resigned decisively and wanted to start his own business.
In 1995, Wang Yongjiang applied for a huge loan from the bank and the financial support of his family, and established a company of his own, called Yongshunfa Auto Cleaning Company.
In the early stage of entrepreneurship, there were indeed many difficulties, such as the supply of the capital chain was not timely, the number of customers was small, and there was no popularity, but these difficulties were carried down by Wang Yonghong, and it took less than 3 years to run the company well.
Later, with the opening of national policies, Wang Yonghong also smelled business opportunities, that is, the rise of the real estate industry, so he decisively sold his company to Sinopec, and then co-founded Zhonghong Group with Sinopec, and officially announced that he would enter the real estate field.
Since then, Wang Yongjiang's worth has become very high overnight, and even many bigwigs in the financial industry have been shocked, and his worth has soared directly to 10 billion, becoming a rich man in the true sense.
In 2008, Wang Yonghong borrowed the shell of ST Keyuan to successfully go public, pushing his company to a new height, and harvested tens of billions of profits in just a few years. In 2013, Wang Yonghong was named the richest man in Jiangxi Province.
After the company went public, Wang Yonghong did not put all his eggs in a basket of real estate, but successively invested in many industries, such as mobile games, film and television, tourism and other industries, and blossomed more, so he harvested countless properties.
Wang Yonghong's career can be said to have reached the pinnacle of life, in addition to the success of his career, Wang Yongjiang's love has not fallen, and even threatened to the outside world that he has met true love.
Wang Yonghong, who has achieved great success in his career, began to indulge in the life of drunken gold fans, and met the very popular female star Han Xiting at a drinking party, and immediately asked her agent for contact information.
didn't pay much attention to him, and later Wang Yonghong began to introduce her to a lot of film and television resources for the sake of Pomeranian's smile, and even the stars in the circle stayed away from Han Xiting, and the changes in the environment also made Han Xiting know the importance of rights and backgrounds, and the two began to fall in love.
has attained perfection in love and has become unparalleled in career, such a favorable environment makes Wang Yonghong begin to be complacent, but as the saying goes, arrogant soldiers will be defeated.
Often when a person is the most successful, a small thing can make everything go to the fire, I believe Wang Yonghong did not expect that half of his life's career was finally ruined in his proud "A+3" plan.
So what is this plan? Why did Wang Yonghong become heavily indebted when he participated in this plan, and even owed more than 70 billion, what is going on?
fell off the altar and fled in a hurry
The "A+3" plan was part of the Hainan Banshan Peninsula project, and the group's board of directors felt that the project was too risky, and it was difficult to maintain stability with the existing capital chain, but Wang Yonghong believed that high risk represented high returns, and developed inexplicable confidence in the project, regardless of opposition to enforcement.
However, only two years later, the development company of the project had a serious problem of broken capital chain, and the follow-up funds could not be supplied, resulting in the project having to be stopped halfway.
All the efforts made before were in vain, and even the outside world was shocked by the news, after all, Wang Yonghong was a well-known figure at that time, and the group under him had also been listed, but he didn't even win the project.
Later, according to the continuous understanding of the media, I learned that the reason for the failure of the Mid-Levels Peninsula project was not only because of the disconnection of the group's capital chain, but also because of many problems within the group.
For example, the power is too centralized, all the rights are controlled by Wang Yonghong, and even the directors of the board of directors cannot affect his status.
However, the shopping mall is changing rapidly, and Wang Yonghong's decision-making has not kept up with the pace of the times, and he lacks sensitivity to the environment and the market.
Because the adventurous spirit brought him blind self-confidence, Wang Yonghong did not listen to other people's opinions and invested directly, so failure is also a matter of course.
According to official statistics, because of the failure of this investment, Wang Yonghong owed more than 80 billion yuan, which is a huge amount of money, and Wang Yonghong also knew that he had no place in the mainland, and there was no chance to turn over, so he took advantage of his position to take away the remaining 6.1 billion yuan in the company's account.
fled to Hong Kong with his celebrity girlfriend, but what is strange is that he was already a street rat, and he attended an auction with his girlfriend in 2015.
With a wave of his hand, he bought Yongzheng Pink and Green Shuanglongzun worth 120 million yuan, but where would he come up with so much money when he was close to bankruptcy.
When making the final payment, he has been cheating and refusing to pay, and even ended up in court, and this matter was also exposed by the media, and Wang Yonghong suffered unprecedented ridicule and abuse for a while, and the good reputation accumulated in the previous decades no longer existed, and became a laughing stock in everyone's mouth.
My father's funeral did not return
However, Wang Yonghong was not punished for this incident, but ran abroad with the rest of the money and his girlfriend, and no one knows what country they fled to.
After the incident happened, it quickly spread on the Internet, and even Wang Yonghong's father knew about it, and he never expected that the son he had cultivated for so many years, and the son he was once proud of had now become an old man, a hooligan who owed money and did not pay it back, which made the old man unacceptable for a while, and he was directly angry on the hospital bed.
It didn't take long for him to die, and at this time, Wang Yonghong was still hiding debts in a foreign country with his girlfriend, and he didn't know the news of his father's death at all, and when Wang Jihong told him, it was too late, and he couldn't return to China at all, let alone keep filial piety to his father.
But this incident did not arouse Wang Yonghong's repentance at all, he still went his own way, and even pushed all the charges and mistakes on Wang Jihong in order to escape the punishment of domestic laws.
At this time, Wang Yonghong had already made a fuss about betraying his relatives, and there was nothing around him except cold money and a celebrity girlfriend.
However, no matter how many methods he used to escape his crimes, it was impossible for him to forgive his crimes in a sentence or two, because his previous willfulness had caused serious damage to the local finances.
The company's efficiency has also been declining, and even the company's internal employees have not been paid for several months, and there have been a large number of resignations and layoffs, which is a serious violation of relevant regulations.
Although Wang Yonghong's wealth in the first half of his life was largely due to his adventures, but there was Lady Luck who blessed him before, this time it was different, Lady Luck couldn't help him, and he still couldn't escape the punishment he deserved.
In 2019, with the efforts of the police, Wang Yonghong was arrested and brought to justice, and the relevant departments in Shenzhen gave the most severe warning and punishment to Zhonghong Group, not only to repay all economic losses within a limited time, but also to require him to publicly apologize to the society and admit his mistakes.
Wang Yonghong also ushered in his own punishment, because his incorrect decision-making led to the failure of the group's investment, directly canceled the rights and positions of the chairman of the group, and then because he took away the remaining money on the group's books, he committed a taboo in the financial industry, and was imprisoned for several years.
epilogue
Therefore, whether it is a person or a business, we must pay attention to down-to-earth, and have been relying on adventure and gambling can not be exchanged for long-term stability, especially in business, we must have a sober and calm mind, and the decisions made in this way are still really practical.
Not only that, but also to read the strengths of others, listen to the opinions of the people around you, after all, a person's insight and depth are limited, and only by gathering everyone's strength and wisdom together can we do great things.
I also hope that everyone can learn a lesson from Wang Yonghong's incident, be honest in life and work, don't think about opportunism, and don't blindly take risks, which will not only push yourself into the abyss, but even affect the people around you, and then you will have no chance to regret it.
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