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Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

author:Old Zhao Shang Vision

Welcome to the "Old Zhao Business Vision", in the previous article, we have told the story of many entrepreneurs who fell off the horse after becoming famous.

Today we tell the story of a self-made rich man, 30 years old topped the "Forbes" rich list of 16th, he is the "highway king", the former chairman of Shanghai Fuxi Investment Company Zhang Rongkun.

By understanding the process of breaking onto the beach after graduating from high school, stepping to the top, worth as much as 4.9 billion yuan in 2005, and then the insider exposure was short-lived and quickly fell, I believe it will bring us a lot of inspiration and warnings.

Our article mainly tells the following three parts: the origin of the "highway king", the imprisonment of the bell, the enlightenment and warning of the incident.

Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

Zhang Rongkun

Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

First, the origin of the "highway king":

Zhang Rongkun, a native of Suzhou, was born in October 1973. Growing up in a poor and ordinary family, his parents had no prominent background and no business experience.

Zhang Rongkun was a teenager and an old man, and he had the talent to do business very early, and during his schooling, he saw that the greeting cards among his classmates were more popular at that time, so he entered a batch of cards and earned his living expenses for a period of time.

The teenager Zhang Rongkun saw the charm of business, and often skipped school early to sell grapes, school supplies and the like.

Zhang Rongkun may have affected his studies due to business, he did not pass the math test in the three years of high school, and his academic performance was counted down in the class, but he was very organized in the class and often organized students to do some activities. So it's no surprise that he didn't get into college.

Zhang Rongkun went to the sea to do business after graduating from high school, and unlike when he was in school, he began to invest heavily.

Friends who work with Zhang Rongkun say that Zhang Rongkun is young and old, and he does not have to worry about being deceived when working with him, and he is very moralistic.

In 1994, Zhang Rongkun was just in his early 20s, and after several years of hard work, he already had some savings in his hands. He saw that the Chinese stock market, the futures market environment is relatively good, began to get involved in futures trading, Zhang Rongkun's business talent was undoubtedly revealed, and soon earned millions of yuan.

Zhang Rongkun was still not satisfied with this, his ambition was greater, more adventurous, and he quickly invested all his funds in the stock market. Zhang Rongkun earned tens of millions of yuan in a short period of time and realized his original capital accumulation.

Zhang Rongkun understood the truth that "within the hooves, there is no dragon". He decided to go to the beach.

In 2000, just entering the first year of the 21st century, Zhang Rongkun moved the company from Jiangsu to Shanghai after a long period of preparation and preparation. Zhang Rongkun once explained to himself: "Even if the mud is brought to Shanghai, a package can also be sold for money." Zhang Rongkun on the beach, like a fish in the water, in this land he quickly gained fame and fortune, but the means to take is not so glorious.

Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

Zhang Rongkun on the beach

In February 2002, Zhang Rongkun founded Shanghai Fuxi Investment with a registered capital of 500 million yuan. However, he acquired a 99.35% stake in Shanghai Luqiao Development Co., Ltd. for 3.207 billion yuan and obtained the right to operate the Shanghai section of the Shanghai-Hangzhou Expressway for 30 years.

In 2003, Zhang Rongkun obtained the right to operate the Jiajin Expressway for 25 years at a price of 5 billion yuan.

In 2004, Zhang Rongkun obtained the right to operate from Shanghai to Jinshan for 1 billion yuan.

Then, at a price of 588 million yuan, it obtained 20% of the revenue management right of Suzhou Sujiahang Expressway.

As of June 2005, Zhang Rongkun invested in or participated in the management and control of more than 200 kilometers of highways, and won the title of "Highway King".

In 2002, Forbes Chinese mainland the richest list, and Zhang Rongkun ranked 48th with a value of 1.198 billion yuan.

In 2005, Forbes Chinese mainland the richest list, and Zhang Rongkun ranked 16th with a value of 4.9 billion yuan.

Zhang Rongkun started from scratch, and the poor boy turned over. Originally, it was an inspirational story, but it quickly dug up the inside story behind it and went from peak to prisoner.

Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

II. Imprisonment:

In 2006, Lu Jiali (known as the most beautiful public mistress) accompanied a XX to Paris, France to buy spring, introducing a French actress to accompany her at night. After the media exposure, uncover the inside story.

Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

Pictures of Lu Jiali circulating on the Internet

Zhang Rongkun did not use his own money. There were many people involved in the case. (Specific details are not suitable for detailed description)

In April 2008, the first trial of Zhang Rongkun was staged in Jilin Province, and the prosecution and defense revolved around the "five deadly sins" issued against Zhang Rongkun.

On April 7, the Intermediate People's Court of Songyuan City, Jilin Province, pronounced a first-instance judgment on Zhang Rongkun's case for the crimes of unit purchase, bribery of company personnel, manipulation of the securities market, fraudulent issuance of bonds, and withdrawal of capital contributions, and decided to carry out 19 years' imprisonment and confiscate all of his seized assets of more than 1.3 billion yuan. The two defendants, Shanghai Boiling Point Investment and Development Co., Ltd. and Fuxi Investment Holdings Co., Ltd., were fined RMB2.3 billion and RMB0.5 billion respectively.

Zhang Rongkun, the "highway king", fell from the top and was imprisoned.

Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

III. Incident Warning and Reflection:

"Highway King" Zhang Rongkun, also known as the "Loan King", the building he has operated for many years in the dark side of the collapse, an inspirational fairy tale shattered, bringing us more contemplation and thinking.

We reflect from both subjective and objective aspects.

From an objective point of view, we can only hope that the relevant departments will strengthen supervision, ensure the safety of social security funds, and recast a sound regulatory framework system. It will not provide opportunities for "Zhang Rongkun," "Wang Rongkun," and "Li Rongkun, and will not provide the soil for the survival of such speculators."

From a subjective point of view, Zhang Weiying once proposed that entrepreneurs should keep a distance from XX and avoid falling into the complex XX game. Entrepreneurs should have moral restraint and ethical self-awareness. Don't wander into the gray area.

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Zhang Rongkun: From the "highway king" to the "jailed", the Shanghai Beach Tyrant came to an end

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