Many years ago, a century wedding in Hainan caused a sensation throughout the country. On the wedding day, Zhu Jun and Zhou Tao, famous hosts of CCTV, were invited to preside over the wedding. Not only that, but also invited many first-line stars, including Jay Chou, to support the wedding. The whole wedding cost 1 100 million, even now it can be said that it is luxurious enough. The boss behind this wedding is a coal boss with deep pockets. His name is Xing Libin. It was also this wedding that Xing Libin, the invisible richest man, finally surfaced.
Before the wedding, Xing Libin ushered in the most brilliant moment in her life. His Liansheng Group's annual sales exceeded 654.38+0.6 billion yuan, and tax payment alone reached more than 5 billion yuan. Xing Libin's business is very big, including real estate, education, energy, electricity, agriculture and so on, which also makes Xing Libin the richest man in Shanxi. Liulin is a poor county, but it has become a rich county because of Xing Libin.
Xing Libin claimed to have 50 billion wealth at its peak, but it didn't have so much. 100 billion assets were more than enough. In fact, when Xing Libin's daughter held a wedding in Hainan, his company was in debt of more than 30 billion yuan, and its employees had been in arrears for two years. But in order to keep the scenery in front of us. Xing Libin still donated more than 1000 million to several universities, probably because he didn't want others to know that he was heavily in debt.
Many entrepreneurs make mistakes in radical development, and Xing Libin is no exception. In the early years, Xing Libin's practice of wholesale coal mines at a price far below the market price was controversial. He used his relationship to contract many coal mines in Shanxi at low prices through operation, and even won a coal mine worth 200 million at a price of 70 million. In this way, the purchase price of ore in Xing Libin is less than $ 1 yuan per ton, while the market price of coal per ton at that time was 1.200 yuan to 1.400 yuan, so you can imagine how profiteering the coal mines in Xing Libin are.
However, there is a saying in China that the hungry snake swallows the elephant. Xing Libin was not satisfied after getting a lot of benefits. He continued to win the 15 coal mine in a short time through merger, but Xing Libin's funds at that time could not bear the cost of buying the mine, so he borrowed money everywhere through bank loans and private lending.
However, the coal mine market is not always good. With the increasingly depressed coal market, almost all the coal mines purchased by Xing Libin are losing money, which makes Xing Libin, which is already heavily in debt, even more nervous. However, in order to repay the bank loan first, Xing Libin had to rob Peter to pay Paul. But in the end, the debt increased, reaching 30 billion yuan at most. 20 14, Xing Libin was completely unable to repay its debts and was finally controlled by the police.
In fact, Xing Libin's case is just a microcosm of many coal bosses. Besides him, another coal boss, Chen Hongzhi, also had an accident. At that time, Chen Hongzhi raised hundreds of thugs and security guards, monopolized the coal mine in Liulin, Shanxi Province, and owned more than 300 properties under his name, but was later sued by the court for debt and other issues.
The company is in debt of 30 billion yuan, and it doesn't pay its employees for two years, but it is willing to spend 1 billion on a wedding for its daughter. In fact, many rich people have an ambition to make money quickly. They often want to eat a fat man in one bite, but it backfires.