Which billionaire was heavily in debt before his success?

(1March 2, 944-), a Hong Kong entrepreneur and businessman, is now the chairman of Emperor Group, and his father Yang became the founder of Emperor Group. Known as "the top leader of modern Hong Kong entertainment circle". 20 15 Forbes ranked 267th on the Chinese Rich List. [ 1]

Yang Shoucheng opened a watch shop in the center of Hongkong with 200,000 yuan in the1960s, and later obtained the agency right of watches. Before he was 30, he became the "king of watches". 1972 set up a good world group to operate real estate business. When he was in the real estate market, disaster fell from the sky. 1979 hong kong jockey Tony was accused of beating Wei jianbang, former director of the daily newspaper. Yang Shoucheng visited Wei Jianbang for Tony in various forms. As a result, in 198 1, Yang Shoucheng was accused of obstructing justice and sentenced to nine months' imprisonment. When he was released from prison, there was a crisis of confidence in Hong Kong and the real estate market plummeted. As a result, the world is heavily in debt, reaching 320 million yuan. Good World's shares had to be suspended from listing and taken over by HSBC.

Yang Shoucheng looked up again in loss. Later, Yateyang Certified Public Accountants put forward an asset restructuring plan. In addition to auctioning property assets, HSBC signed an eight-year agreement with Yang Shoucheng to hire him and his brothers and sisters with a monthly salary of 20,000 yuan and a monthly salary of 1.5 million yuan, and the profits will be used to pay off debts. Yang Shoucheng changed from a boss to a wage earner, but he firmly believed that he could make a comeback. 1984, he persuaded HSBC to refinance100000 yuan to open the "Gem City". "Gem City" has become the busiest jewelry retail market for Japanese and China tourists. In just three years, he paid off nearly 100 million yuan in debt, leaving a mantissa of 40 million yuan.

1986 borrowed 40 million yuan from Royal Trust Bank of Canada to buy back the original assets from HSBC. After the control of the business returned to his own hands, Yang Shoucheng made a big push into the financial industry, developed foreign exchange and gold trading, and bought a large number of stocks and real estate, which led to a "big turnaround" in his career. Now his turnover is several hundred million. With amazing willpower, Yang Shoucheng did not flinch in the face of disaster, thus becoming the super-rich in Hong Kong. He is a major shareholder of Emperor Financial Group, whose business includes real estate, foreign exchange, securities, gold, watches and jewelry. , and holds a 27% stake in Emperor Real Estate. According to statistics, the total value of real estate in Yang Shoucheng is about HK$1200 million.