There is no shortage of opportunities to get rich overnight in our business world, and there have been many such cases.
The same is true of the wealth of our business community, which is also "overnight zero".
Once the richest man in Hebei, the actual controller of Zhoda Group, Yang Zhoushu, is the best example of wealth "overnight zero". Yang Zhoushu had assets of hundreds of billions of dollars, is the richest man in Hebei, and then Yang Zhoushu because of the "crooked road", leading to their empire "collapse", but also became a prisoner.
From once the richest man in Hebei, assets of more than 100 billion to assets "zero", become a prisoner. The first thing you need to do is to get your hands dirty. What is the reason, leading to Yang Zhoushu ended up in such a situation?
Looking back at the life of Yang Zhuo Shu, can be described with the word "legend". 1952 was born in Heilongjiang, Yang Zhuo Shu, after graduation continue to stay in Heilongjiang for a period of time. Afterwards, in the 90s, Yang Zhoushu resigned and chose to start his own business.
It is important to realize that at the time of his resignation, Yang Zhuo Shu was already nearly 40 years old. He left his job for many years and boldly pursued his own "dream".
At that time, he had been working for many years, and had a certain amount of savings in his hands. After the resignation, Yang Zhuo Shu will focus on the real estate industry. I have to say, the vision of Yang Zhaoshu is really "poisonous". After getting enough money, Yang Zhuo Shu began the development of the real estate industry.
At that time, China's real estate industry was still in the early stages of development, and many people did not have a complete understanding of the real estate industry. In the eyes of Yang Zhuo Shu, the real estate industry is "gold" everywhere. At that time, the price of land in China is still very cheap, Yang Zhuo Shu hundreds of thousands of dollars to buy a lot of land.
Yang Zhoushu knows that he is not enough money, so at first through the low price of publicity, to attract a lot of consumers. In this case, it is a good solution to the problem of Yang Zhuoshu's money. The first thing you need to do is to get your hands on some of the most popular products and services in the world, and you'll be able to do that with your own personalized products.
In the following years, Yang Zhoushu's group developed like a fire, and gradually became a famous local real estate company. In 2000, Yang Zhoushu has become the richest man in Hebei, which is a great honor. His Zhuo Da Group, also became a well-known enterprise in Hebei Province.
With hundreds of billions of assets, Yang Zhoushu also began to "arrogant" and expansion, the amount of daily expenses, but also in the rising. In its heyday, Zhoda Group, involved in the business of real estate, culture, tourism, ports, etc., many industries.
In 2004 or so, Zhuo Da Group is ready to go public, once the listing is successful, as the actual controller of the company, Yang Zhuoshu's value will be realized skyrocketing. But in the end, Yang Zhoushu's listing plan, declared a failure. Even Yang Zhuoshu also went towards the road of crazy "capital raising". The first thing you need to do is to get your hands on a new pair of shoes or boots.
As we all know, the real estate industry is a large demand for capital, but the capital back to the slow industry. After borrowing a large amount of money, Yang Zhoushu failed to repay the loan in a timely manner. Even in order to raise funds, Yang Zhoushu through high interest rates, as well as other "fraudulent" way, obtained nearly 10 billion dollars.
Later, Yang Zhoushu's "Ponzi scheme" was discovered, but it was already too late, and investors could not get their money back.
In May 2019, Yang Zhoushu, the actual controller of Zhoda Group, surrendered to the Shijiazhuang Public Security Bureau. Although Yang Zhoushu has fallen into the net of justice, but hundreds of thousands of investors, is the biggest victim. Nearly 10 billion yuan of "investment amount", also "missing".