America's Road to Wealth

There is a gambling king in Haojiang.

Gambling is also legal in Las Vegas, USA.

Therefore, like Haojiang, there have also been gambling kings in the United States.

Among the richest people alive in America.

The person who can hold this title has to be Kirk Kerkorian.

At his peak, Kirk Kerkorian was responsible for nearly half of Las Vegas' gambling revenue.

At the same time, he sold MGM Film Company twice and acquired it three times, owning West City Casino, MGM Grand Hotel, etc.

He is called the "designer" of Las Vegas. Kirk Kerkorian is at least half responsible for Las Vegas' current reputation.

Before the emergence of the Internet giants.

Kirk Kerkorian has long been the richest man on the West Coast of the United States and the former richest man in Los Angeles.

last night,

When Charlize Theron went to the hospital for a check-up.

Abel is in the executive hallway of the Hilton Hotel.

I met this veteran rich man.

The reason the two met was that Abel wanted to acquire the MGM film company controlled by Kirk Kerkorian.

As one of the top eight in Hollywood.

Metro-Goldwyn-Mayer reached its peak in the hands of Kirk Kerkorian.

same,

It was also in the hands of Kirk Kerkorian, and it became what it is now.

Among the eight major Hollywood companies, MGM is the only one that loses money every year.

Four years after holding the company in my hands again, and four more years of heavy losses.

Plus some personal business needs.

Kirk Kerkorian, had the idea to sell it again for cash.

At this time, Abel came to the door.

Kirk Kerkorian happened to be nearby, so he ran over in person.

The two men met.

Kirk Kerkorian was interested in selling, and Abel was interested in buying.

This transaction between the two of them should have gone smoothly.

The reason why we couldn't get it done last night was that the two of us couldn't reach an agreement on the price.

Kirk Kerkorian insisted on selling MGM films for either $6 or $10 a share.

Abel disagreed.

He insisted that given MGM's current situation.

The price of the two plans is at most 3-6 US dollars per share.

The total equity of MGM Films is approximately 245.83 million.

At 6 yuan per share, the total value is approximately US$1.475 billion.

1996,

The third time Kirk Kerkorian bought the company, he spent $1.3 billion.

If it is sold for US$1.475 billion, Kerkorian will still make money at this price.

In fact, as early as 1986-1990, Kirk Kerkorian did something similar.

In 1986, he bought MGM for the second time for $1.45 billion.

In 1990, MGM was sold for US$1.3 billion.

Lost 1.5 billion.

This time, it was a profit of 175 million U.S. dollars. Although the profit was small, Kerkorian was naturally happy.

But in the end, problems arose between the two parties over who would bear MGM's debts.

Since MGM entered the 1990s, it has basically not made much money.

After years of losses, foreign debt has reached a very serious level.

Kirk Kerkorian said that if Abel was only willing to pay $6, then he would not be responsible for any foreign debt.

If Aberdeen pays $10, he will bear half of MGM's foreign debt.

Calculate it and follow this plan.

Kirk Kerkorian still made almost 100 or 200 million U.S. dollars, successfully selling this mess of a loss-making Hollywood business.

Naturally, Abel would not agree so easily.

He offered six dollars and would not accept any foreign debt.

or three dollars a share, and assume all foreign debt.

The two people had a serious conflict over this.

In the end, we couldn't agree on the price, so we had to leave on bad terms last night.

Unexpectedly, Kirk Kerkorian came to the hotel very early today.

Only then did Abel get up and go downstairs to continue meeting with the old rich man.

After Abel finished talking about this, Charlize Theron took the elevator downstairs with him.

Finally confirmed that the information she searched on the computer last night was true.

The Kerkorian that Abel wants to meet is really the boss of MGM Films, the Kirk Kerkorian.

“Is MGM Films in serious debt?”

Although she is an insider in Hollywood, Charlize Theron is only a second-tier star in the industry.

In the eyes of Charlize Theron, MGM is a behemoth.

She really didn't know that this giant's situation would be so bad.

In the elevator,

Last night, her evening dress was torn to pieces and could not be worn.

Charlize Theron is currently wearing a pair of women's casual clothes sent by Abel.

She looks generous and decent, beautiful and sexy and very young at the same time. .

Well, she is indeed still young.

Charlize Theron, born in 1975, just turned 25 this year.

With proper maintenance and natural beauty, she looks younger than the average 25-year-old Yangma.

"It's very serious. MGM is now worth about US$1.4-1.5 billion. But its foreign debt is almost US$2 billion."

In the elevator, Abel put a hand on her waist, reached into the hem of her clothes and rubbed her delicate skin.

Abel made a few gestures with his other hand, "The money owed is more than the value of the company itself. This makes the cost of taking over MGM more than three billion US dollars."

"There are not many people in the entire United States who are willing to take over a company like this."

Feeling someone's big hands wreaking havoc on your skin.

Charlize felt itchy and somewhat ambiguous.

These numbers she heard from Abel.

She was speechless.

Good guy, it’s easy to do business worth more than one billion US dollars or more than three hundred billion US dollars.

It made her feel that the contract she signed with Abel this time.

It seems to be signed correctly.

Soon, the two came to the executive corridor of the Hilton hotel.

Kirk Kerkorian is eighty-three years old but still in good spirits.

Waiting for Abel.

After seeing Abel reappear today, there is a glamorous girl like Charlize Theron beside him.

The old guy gave Abel an expression that every man knows.

Then this old man who once rivaled Buffett in the investment world in the 1980s said:

"Oh, it's so good to be young. When I first bought MGM, I was just like you now. I changed to a different beautiful female star every day."

"That was 30 years ago, when I was in my fifties. It was a wonderful time."

"Later, when I felt powerless, I sold MGM."

"If you buy it later, it will be pure investment and business."

Kirk Kerkorian is humorous and fun-loving by nature, and it seems that everyone in the gambling industry has a bit of this personality.

Last night, Abel saw how disrespectful his words were.

This guy who came from a poor background is fundamentally different from the top rich people Abel had met before.

Seeing him speaking like this, Abel took the somewhat reserved Charlize and sat down opposite Kirk Kerkorian.

"Mr. Kerkorian. When you were as young as me, you couldn't be accompanied by the top beauties in Hollywood like me."

Abel said: "I am only twenty years old now. When you were twenty, you seemed to be still learning how to fly a plane, right?"

Kirk Kerkorian curled his lips and muttered:

"Guys who don't know that young people should respect old people!"

Because Abel is right, Kirk Kerkorian will really start to make a fortune when he is around forty years old!

"Okay." Abel spoke again, "Mr. Kerkorian. Let's keep our topic on MGM."

When it comes to business, Kirk Kerkorian also gets serious.

The old guy looked at Abel, smiled and said:

"You were looking for me last night, and I am looking for you today. How about $9, and I will be responsible for half of the foreign debt?"

$9 a share?

Abel did a quick calculation and found that it was almost US$2.21 billion.

If you add half of the foreign debt, the cost will be close to more than 3.2 billion US dollars.

3.2 billion US dollars, becoming the owner of one of the eight largest companies in Hollywood.

He doesn't think it's a bad deal.

The key is that the foreign debt of about US$1 billion does not need to be repaid immediately.

As long as you can afford the interest, the repayment period is not yet up.

MGM can always owe money, which is why it can borrow so much money.

As for Kirk Kerkorian, if it is sold at this price.

What Kirk Kerkorian can actually get is just over $1.2 billion.

in other words,

This time Kirk Kerkorian will lose about $100 million on the MGM business.

last night,

Abel later had the issue of MGM's price of $10 per share.

Throw it to Smith Capital and let the company's traders and analysts analyze whether there is any profit in this price.

From a Wall Street perspective, analysts generally think this is not a bad deal.

MGM's own large IP copyrights and film library are worth more than one billion US dollars.

It also has many other fixed assets.

For example, the company headquarters building, studio and various shooting tools and venues.

It also has strong film brand value and strong distribution capabilities at the eight major Hollywood levels.

This is why it loses money every year but can always borrow money to continue losing money.

So much so that the debt ratio has been so exaggerated, but it is still able to continue operating.

This is still calculated from the perspective of Wall Street.

From a Hollywood perspective, it would probably be more valuable.

The price of ten dollars, Abel agreed in his heart last night.

It's just that he still wants to make some adjustments and lower the purchase price.

After all, it is a big business involving more than 30 billion US dollars, which is equivalent to less than one-half of his current net worth.

It’s just that Kirk Kerkorian is obviously more anxious.

Kerkorian himself took the initiative to lower the price.

"U.S. 9." Abel pretended to ponder, "That means I have to pay almost 2.2 billion U.S. dollars. I also have to bear a foreign debt of about one billion U.S. dollars?"

Kirk Kerkorian nodded.

Charlize, who was sitting next to him, was now more nervous than the two people negotiating.

Where has she ever seen such business negotiations worth billions or billions of dollars?

Even though she was just listening in, it still made her feel extremely excited.

It was as if she was involved, as if she had become one of the members of this business negotiation.

This made her occasionally look at Abel even more dependent.

"How about 8 dollars." Abel tried to lower the price one last time.

"No." Kirk Kerkorian immediately refused, "The minimum is $9. This is my last sincerity and my bottom line."

Kirk Kerkorian also wanted to say that if he hadn't been in urgent need of a lot of cash recently.

And last night, Abel said that he could pay all in cash.

Kirk Kerkorian isn't even coming today.

In the past six months.

Kirk Kerkorian is repeating a similar business investment he made in the early and mid-1990s with Chrysler and Mercedes-Benz.

In that plan a few years ago, he made a total profit of US$2.7 billion.

Although it took almost 6 years, it was already the most money he made from a single investment.

This time he saw an opportunity.

He wants to replicate the investment in Chrysler and Mercedes-Benz with General Motors Group.

The plan is already halfway through.

Kerkorian acquired large amounts of General Motors stock in both the primary and secondary markets.

Halfway through the plan, he suddenly discovered that there were many random players on the way to the acquisition.

Kirk Kerkorian found that many people on Wall Street were staring at him indifferently.

This made Kirk Kerkorian realize that after experiencing his last investment.

Wall Street is very sensitive, and some people on Wall Street want to drink some soup with him this time.

Kirk Kerkorian must ensure that his cash flow is stronger to avoid being robbed and harassed along the way.

Unwilling to admit defeat, Kirk Kerkorian began raising large amounts of cash.

Due to the special circumstances, he did not dare to reach out to banks or financial groups.

Because these guys are likely to lend him money with one hand and try to steal his money with the other hand.

Don't overestimate the conduct of Wall Street. In other words, there is no such thing as conduct on Wall Street.

Kirk Kerkorian then moved his idea to his own industry.

Among them, MGM, which was losing money every year but still very popular in the market, became his first target for sale.

There had been rumors months ago that he was selling MGM movies.

Many people came to inquire, only to hear that Kirk Cockery's security department wanted cash.

Basically they shook their heads and ran away.

Not many people can come up with more than two billion US dollars in cash.

What's more, MGM still has terrible foreign debt.

at this time,

Abel, who came to Los Angeles, heard the news.

Abel, who was a little moved, came over.

And Kirk Kerkorian learned about it through certain channels.

The young rich man in front of him has one of the strongest cash flows in the United States.

last night,

Abel also said on the spot that all payments could be made in cash.

This is what Kerkorian cares about most.

It's just that we can't agree on the subsequent price.

After Abel returned, he asked Smith Capital to analyze whether the transaction was worthwhile.

Kirk Kerkorian was not idle after returning, and also looked for some sources.

In these sources, he reconfirmed Abel's ability to pay cash.

That's why today Kirk Kerkorian took the initiative to come to see Abel again.

Simply put, Kirk Kerkorian is willing to sell MGM at a loss of one to two billion dollars.

But he needs cash, and this transaction must be all cash.

To support his investment in General Motors Group.

It’s just that no matter how low the price is, the losses will be greater.

Kirk Kerkorian didn't want to.

The old guy took nine dollars and refused to let go.

Abel could also see that he was determined.

At US$9 per share, the cost is US$240 million less than the expected US$10.

Psychologically, Abel no longer resists the price.

He pretended to ponder for a few more minutes, under the gaze of Kirk Kerkorian.

In Charlize's somewhat suppressed breathing.

Abel suddenly smiled, stood up and stretched out his hand to Kirk Kerkorian opposite.

"Nice to work with, Mr. Kerkorian. Congratulations on having more bullets and a greater chance of making a fortune in another market!"

Abel's previous words made Kirk Kerkorian laugh.

The latter words made Kirk Kerkorian startled.

Kirk Kerkorian stood up and shook hands with Abel, while saying with a wry smile:

"It seems that many people on the east coast know what I am going to do?"

Even the young man Abel knew this, and Kirk Kerkorian did not doubt his judgment.

After shaking hands and letting go, Abel smiled and said:

"Mainly Mr. Kerkorian, your investments in Mercedes-Benz Daimler and Chrysler were so successful. That's why it's so eye-catching."

Don’t forget that Abel is also a member of Wall Street now, and he is still a figure at the core.

To some extent, he is watched and even valued by the giants.

It can also be regarded as one of the giants of Hollywood.

On Wall Street, there are few secrets that can be hidden from him.

Unless he's not interested.

Or it's about him.

Last night, when communicating with David and Smith Capital.

Through David, he learned something about Kirk Kerkorian.

He has a better understanding of Kirk Kerkorian's current situation.

But what Abel didn't know was the deal for Kirk Kerkorian.

In parallel time and space, people who were really harassed by Wall Street did not compete for full credit.

But even if there is harassment.

Kirk Kerkorian in parallel time and space still made about $700 million from this investment.

Then Kirk Kerkorian in parallel time and space, in 2009, wanted to play again.

After Chrysler, Mercedes-Benz Daimler and General Motors.

In parallel time and space, in 2009, Kirk Kerkorian set his sights on Ford.

This guy probably particularly likes car companies and has an indissoluble bond with them.

As a result, after making a profit the first two times, Kirk Kerkorian failed completely the third time.

It made no money and lost more than a billion dollars.

I hunted geese all day long, but in the end I was pecked by geese.

These are things that Abel didn't know clearly.

Now he just wants to get this historic film in Kerkorian's hands!

MGM movie!

Even if there is some storage and the price is very high, he doesn't want to let it go.

Mainly because it was too sudden.

Before coming to Los Angeles, he had no idea that Kirk Kerkorian was interested in selling MGM.

This time, David Jones got the news accidentally when he arrived in Los Angeles after coming here.

Then David told his boss, and Abel was very excited when he found out.

He tried reaching out to Kirk Kerkorian.

Unexpectedly, the latter also knew something about his work on Wall Street.

There was the contact last night.

Today’s contact came after last night’s first contact.

As well as the fact that Abel spent a huge amount of money and was about to buy MGM.

Compared with the previous acquisition, Abel's acquisition has a clear purpose.

It really was a coincidence and a whim.

But this kind of coincidence is also very common in shopping malls.

Business opportunities are lurking wherever possible.

Businessmen who can discover and master them will naturally make a fortune.