Who in history got rich during the financial crisis, and how did they get rich?

Purchase goods in advance when the market is depressed, and sell them at a profit when the economy is booming.

Like Li Ka-shing. 1997 affected by the Asian financial crisis, the property market in Hong Kong has stagnated. Li Ka-shing's Changjiang Industrial Group took the lead in selling at a reduced price, giving Li Ka-shing the lead. Subsequently, the Hong Kong property market went down all the way, and Li Ka-shing avoided the price reduction, which won him a lot of time and cash flow.

Since then, Li Ka-shing has never forgotten its long-term development, taking advantage of the depressed market at that time, and began to buy depressed rental properties. Since then, the economy has picked up, and his real estate investment has gained rich returns. It was after this crisis that 1999, Li Ka-shing surpassed the Lee Shau Kee family and Guo Bingxiang brothers in wealth and became the richest man in Hong Kong.

It was his flexible actions and foresight before and after the crisis that made his assets grow rapidly after each crisis, making him rich on the next level. Therefore, people who became rich during the financial crisis in history were observant and decisive.

Extended data:

Lv Zhihe, the second richest man in Asia, is also an entrepreneur. He has shown his heroic qualities in the sea many times. He not only likes to invest heavily in the low valley, but also is good at discovering low value and copying the bottom with different eyes.

/kloc-During the 1990s, the American hotel industry was dragged down by the Gulf War, and the operation of many high-end hotels was unsustainable. Lv Zhihe, who mastered hotel management skills, was greedy in the fear of everyone and bought many high-end star-rated hotels in succession.

By 1997, he had owned 17 hotels with more than 4,000 rooms in the United States, and was named the 12 largest hotel owner in the United States, winning the reputation of "hotel tycoon".

In 2002, Macao's economy continued to slump, and it decided to open the gambling industry. Lv Zhihe once again sees a bright future in the downturn. With decades of experience in hotel tourism management, after fierce competition, it has become a licensed gambling operator in Macau.

20 1 1 In May, Lv Zhihe successfully launched the first phase project of Macau Galaxy Comprehensive Resort City, covering an area of 550,000 square meters, making its commercial operation scale of Galaxy Entertainment stand in the forefront of Macau's gambling industry, and then catch up. Galaxy Entertainment, which overtook from this corner, went all the way forward and became the second largest gaming company in the world in 20 13.

Baidu Encyclopedia-Li Ka-shing

Baidu Encyclopedia-Lv Zhihe