The second transaction was to sell 9% of Yimin Wangjin's shares to Goldman Sachs before the listing, in exchange for US$160 million after tax, and sponsored his father's RMB 500 million.

When Pinduoduo and DouShi were founded, the two companies invested 200 million each, and spent a lot of money;

The third transaction was the sale of 15% of the shares of Yimin Wealth to Morgan Stanley before the listing, in exchange for US$231 million after tax.

When DouShi raised its A round of financing, Zhang Yida personally invested US$200 million, so there was still US$31 million left.

The fourth transaction was the cash out of US$57.6 million during the IPO of Yimin Wealth.

U.S. listed companies are required to pay capital gains tax to the U.S. Internal Revenue Service when trading stocks. The maximum tax rate is 20% if the shares are held for more than one year, and the maximum tax rate is 39.6% if the shares are held for less than one year.

Then when the money is taken back to China, personal income tax must be paid domestically.

Ordinary employees are the worst off. The company finally went public. Taking into account the exercise price and the tax rates of the two governments, they may only get 20% to 30% of the nominal equity value in the end.

Because the exercise price almost halved the value of the stock held, or even more.

If the exercise price is within 50% off, then it is definitely a conscientious company.

The two governments imposed taxes, and the value of the stock was cut in half again.

Therefore, when the media publicizes the number of multi-millionaires and billionaires born from an IPO, it actually has to be discounted by 20% or 30%.

The company that holds the equity of Yimin Wealth is Zhang Yida's offshore company registered in Cayman. If this money is not taken back to the country, it will only need to pay tax once to the US government.

In addition, you can also operate in the United States, such as registering a company in a state with low tax rates in the United States, obtaining a U.S. green card, or making charitable donations or family trusts... you can avoid taxes.

But Zhang Yida didn't do that. He paid taxes to the two governments honestly and got back a little more than 30 million US dollars in legal income.

At last count, I still have US$75 million in cash at my disposal, which is almost enough to buy a business jet.

"Okay then! You make up your own mind."

Zhao Erya knew that her business ability was not as good as Zhang Yida's, so she would not give him instructions.

"Then buy the Gulfstream G650ER. I'll get back to Fan Shaoguang soon."

"Okay!" Zhao Erya nodded. Anyway, as long as she didn't buy Bombardier from that saleswoman, she would agree.

Zhang Yida sighed, he spent all his last bit of private money, and returned to before liberation overnight.

He found that he really couldn't save money, so whenever he had money, he would invest it, or buy this or that.

Now I am still carrying a debt of US$2.5 billion, and I have also guaranteed a debt of US$550 million from Huimin Travel.

He doesn’t look like a rich man, but he is a real loser!

However, these investments and debts are all reasonable financial means.
Chapter completed!