Reaching the age of thirty, my income randomly doubled-Chapter 805 - 610: The Biggest Cash Out

When they came over, whatever frustration Chen Pingsheng felt from his younger sister quickly dissipated.

He took the initiative to ask, “Xiao Ya, are you adjusting well to living in Shenzhen?”

“Pretty well, Uncle. I’ve been working really hard to prepare for the civil service exam, and I feel pretty confident about it.”

Xiao Ya had a sunny disposition and looked quiet and studious, often wearing glasses that added to her intellectual appearance.

Chen Pingsheng nodded and said, “The path of becoming a civil servant is something your uncle has arranged for you. Once you pass, I’ll make sure to transfer you back to Golden Mountain. At your age, you can consider dating, but as you know, the person you choose will have to be someone I introduce. As compensation, you can pick out a few luxury cars you like, spend a few million, and treat yourself to a couple of gifts. After becoming a civil servant, you’ll need to keep everything low-key.”

Xiao Ya nodded; everything her family had was given by Uncle, and in this era, most people would do whatever it took to claw their way into the civil service path.

With Uncle’s arrangements, complaining would only seem ungrateful.

“Yanxi, going forward, transfer 30 million annually into her account.”

A few million was trifling, but it was enough to help Xiao Ya quickly adapt to the temptations of wealth.

The biggest fear in that arena was succumbing to material temptations too quickly.

Otherwise, climbing up could easily lead to a fall, especially since regulations are so strict nowadays.

Xiao Ya wouldn’t have to worry about money after entering the service.

Her salary would mean little since she would receive tens of millions yearly from the family trust fund anyway.

Song Yanxi handed her a card, already preloaded with 50 million, and left it to her to spend as she wished.

Families like theirs had no choice but to push forward a few individuals while they still had the capability.

It was generational stacking.

Chen Pingsheng already had someone in mind for Xiao Ya’s future marital alliance; it was just that the current timing wasn’t right yet.

In a few years, once Xiao Ya has entered the civil service and the Tengying Group further deepens its influence, he could start serious discussions about marriage alliances.

Sigh… sometimes it feels helpless. When you don’t have money, all you dream about is being wealthy.

Once you have money, you realize wealth alone is far from enough.

You also need strong social influence, and once that’s achieved, you need political leverage too.

The struggle never ends.

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Xiao Ya has been living the life of the wealthy in recent years; no matter where she goes, she would never lack for funds.

Fortunately, she understands how to stay low-key, not flaunting her background wherever she goes.

After arranging things for her, Chen Pingsheng advised Xiao Le as well.

He was particularly strict about such matters, and for Xiao Le, college would mean absolutely no romantic relationships for the first three years.

For families like theirs, forming marriage alliances with simply affluent households was already meaningless.

Their future direction could only go somewhere higher.

As compensation, he would similarly provide Xiao Le with 30 million annually during her university years as her living expenses.

After the two girls left, Chen Yao finally asked Chen Pingsheng, “Pingsheng, aren’t you being a bit too hasty with this?”

“Hasty about what?”

Chen Pingsheng shook his head and said, “What you see now is merely the surface-level brilliance of the Tengying Group, but do you know how many others are watching us closely behind the scenes?

“As long as I’m sitting in this position, I can shield you from the storms. But once I leave, tell me, what can our family rely on to safeguard hundreds of billions in assets?”

Calling it hundreds of billions was still an understated way of describing it.

Chen Pingsheng knew his net worth was already no less than 500 billion RMB.

What kind of concept is that?

The richest person on Huaxia’s Forbes list had their total assets tallying at just over 300 billion.

And such assets included virtual shares, not just net worth.

In the stock market, even slight fluctuations could make such fortunes rise and fall dramatically.

But not for Chen Pingsheng—his wealth was real, tangible, and solid.

While he remained in charge, the family could hold on. If he were gone, who could carry that burden?

Forethought for the future eliminates immediate concerns.

His elder sister wasn’t ignorant of these matters; she simply didn’t need to concern herself with them.

Loneliness often comes from such circumstances—when the entire Old Chen Family depends on only one person, and he has to think through everything comprehensively.

After his elder sister left, Song Yanxi poured him a cup of tea and gently asked, “How long do you plan to take to get this done?”

“Thirty years, perhaps.”

Chen Pingsheng replied, “This is far harder than making money. To be blunt, Xiao Ya and Xiao Le’s greatest value in the future will be their marriage alliances, binding together family resources.

“In the past, I had many reservations; Tengnong Breeding, for instance, touches on fundamental issues related to the people’s livelihood, so we’ve always been cautious about publicizing it. But now things are different—economic downturns mean the propaganda department and other big names are hoping enterprises like ours can step up and serve as benchmarks.

“I think the timing is ripe.”

“You plan to start promoting Tengnong Breeding?” Song Yanxi asked, somewhat surprised.

Chen Pingsheng said, “Not yet. We’ll wait until Tengfei New Energy truly secures its foothold and reaches the scale of a world-class enterprise. Then, perhaps, our family can confidently take the spotlight as a benchmark.”

The time wasn’t ripe yet, especially in this era of short videos, where information about entrepreneurs is incredibly public online.

Chen Pingsheng spent substantial sums each year to keep information under wraps; he didn’t want widespread exposure.

Once the family sought to reach that milestone, he would undoubtedly have to step forward even further.

Everything was being laid down for the growth of the three children.

Parenthood really isn’t easy.

After the May Day holidays ended, Chen Pingsheng reviewed the group’s operational data. The traditional sectors had predictably suffered collective declines.

For now, the decline was gradual. Perhaps after a couple more years, when it reached a certain level, it might stabilize.

Of course, despite the mounting pressure on the traditional sectors, the growth on the New Energy side was highly encouraging. Both the family-friendly SUV Tengfei P9 and the stylish coupe Tengfei U5 favored by younger customers were experiencing unstoppable sales growth, second only to Tesla.

The gap wasn’t particularly large anymore. At this rate, Tengfei New Energy might officially turn a profit before 2023.

Five years of cumulative investment had reached a staggering 180 billion.

Finally seeing a glimmer of hope—it truly hadn’t been easy.

Compared to the rise of Tengfei New Energy, the losses in the traditional sectors seemed almost negligible.

Especially in the health and wellness domain, where their family was pouring in investments with abandon.

Within three years, this sector was bound to see a batch of emerging enterprises rise to prominence.

Of course, there was also more good news.

NVIDIA’s stocks just kept climbing, already reaching 400 billion US Dollars.

Chen Pingsheng had invested as much as three billion in this stock, holding a 2.8% share.

At this estimate, he had already achieved hundreds of billions in US Dollars.

This, however, was not the most joyous news. The most exciting was Tesla—domestic superfactories had been completed, and its stock prices were soaring.

This year’s record-breaking highs brought Tesla’s valuation to an astonishing 5,200 billion US Dollars.

He owned about 5% of Tesla shares.

Tesla’s market value in 2020 had increased by over 3,500 billion US Dollars, surpassing the combined valuation of nine major automotive manufacturers, including Volkswagen, Toyota, Nissan, Hyundai, General Motors, Ford, Honda, Fiat Chrysler, and Peugeot.

Compared to these returns, the losses in the traditional sectors seemed trivial.

Even Tang Jing, his secretary, was unaware he had invested so heavily in Tesla and NVIDIA.

All of this placed him among the top ten shareholders.

When Chen Pingsheng called Song Yanxi, he decided to cash out on some of these investments.

The exact strategy for cashing out, however, required careful deliberation.

Should he liquidate NVIDIA first or Tesla? He couldn’t decide immediately.

Inviting Song Yanxi and the experts from the Economic Research Institute for a meeting seemed the only way to decide.

If this step wasn’t carefully planned, the losses ahead could be devastating.