Speaking of the richest people in China in recent years, I believe that the first thing that comes to mind is Ma Huateng and Ma Yun. Most successful entrepreneurs nowadays are of the older generation, and most of them have struggled for a lifetime. Few people can get rich from nothing in their 20s.
But in Hong Kong in the 1970s and 1980s, there was such a person who became a billionaire from scratch when he was only 27 years old. He is the rich man Luo Zhaohui who was once hailed as the "real estate prodigy" by the Hong Kong business community.
And speaking of Luo Zhaohui, his life can be described as ups and downs. We often say that after a person has money, he must not be overly extravagant, he will always have to pay back when he comes out, and the relationship between business circles and entertainment circles is usually more complicated. The Luo Zhaohui we are going to talk about today is that he has gradually lost himself in money and temptation.
Youth dropped out of school
Luo Zhaohui, born in Chaozhou, Guangdong in 1964, terminated his studies when he was only 14 years old and entered the “university” of society alone. In that era, only Hong Kong and Shanghai had relatively developed economies. So Luo Zhaohui came to the prosperous metropolis Hong Kong. As a newcomer, he not only worked as a security guard and salesman, but even as a pimp. As long as it is a job that can make money, he will try it no matter how tired it is.
Because of his accumulated work experience, he became a real estate agent when he was only 16 years old. When working in society before, he dealt with all kinds of clients all the year round. At that time, Luo Zhaohui was not only very eloquent, but also very eloquent, loved by clients and superiors. Soon he was transferred to the luxury department.
It was the related experience in the luxury housing department that changed Luo Zhaohui's ordinary life trajectory in the first half of his life. There are countless rich and famous ladies in the luxury house department, and Luo Zhaohui also deeply feels that one day he can become one of them. So he set his sights on the billionaire Liu Luanxiong who was already a household name at the time and was known as the "stock sniper". As the saying goes, there is money when you have a home. Luo Zhaohui used all his savings at the time to buy an antique for Liu Luanxiong and gave it to Liu Luanxiong at his birthday party.
"Property Prodigy"
Through the method of "spending big money", Luo Zhaohui succeeded in getting Liu Luanxiong's attention to him. Later, through Liu Luanxiong, I got to know all kinds of rich people, big and small, and accumulated countless contacts. In 1988, when he was only 24 years old at the time, he chose to start his own business and founded the Huangjue Group, which specializes in building speculation for celebrities in the upper class. Through the contacts he accumulated before and the social experience he has accumulated over the years, he has formed his own unique distribution method.
soon, he earned the "first pot of gold" for entrepreneurs. In 1991, the Chungking Mansion where he lived for many years suffered a fire. But Hong Kong was the golden age of real estate speculation at that time. With the help of Liu Luanxiong, Luo Zhaohui, who has a long-term plan, bought Chungking Mansion for 140 million yuan, and then renovated and renamed it for 20 million yuan. A year later, "similar experience" led him to resell the former Chungking Mansion, which was renamed the Italian Fariday Plaza, for 540 million yuan.
At that time, he made a lot of money for himself with the short-term line real estate model he is best at. He was already a billionaire in Hong Kong when he was 27 years old. But in 1994, he took a fancy to the prospects of the stock market, so he bought Dongfanghong, a Chinese medicine group. After the completion of the acquisition, Luo Zhaohui's worth reached 2 billion yuan at that time, and he was only 33 years old at the time. Because of this, he was called the "real estate prodigy" by many Hong Kong bigwigs at that time.
"The Fall of a Child Prodigy"
At that time, Luo Zhaohui, who was full of vigor and wealth and achieved huge wealth, was hard to resist all kinds of Yingying and Yanyan in the age of "golden temptation" in Hong Kong. After getting rich, Luo Zhaohui not only bought a bunch of luxury cars and mansions, he also bought a luxury yacht for a sky-high price of 4 million US dollars.
In fact, the entertainment industry has always had some connection with the business circle. After becoming a billionaire, Luo Zhaohui’s scandals with various female stars at that time can be described as "flying all over the sky".There are dozens of female stars. But sometimes fate is very "interesting". At the end of the 1990s, Hong Kong ushered in a financial crisis. Not only did the performance of major real estate industries decline, but the market value of Luo Zhaohui's company also lost nearly 600 million yuan overnight.
However, "If you don't listen to the old man, you will suffer a disadvantage." No matter how Liu Luanxiong persuaded him, Luo Zhaohui would buy the International Xiangde Real Estate Company, which had already suffered heavy losses at the time. It was this decision that he might regret for life, which caused him to bear huge debts and decline. Because of the debt problems, the lawsuits between Luo Zhaohui and the major creditors are too numerous to count.
Finally desperate Luo Zhaohui sold the company to Liu Luanxiong and went to a foreign country. Subsequently, several near-crazy things happened to him, including attempted suicide by the yacht, assault of reporters, and drug use. Luo Zhaohui, who was already ailing, finally died suddenly in a lawyer's office in Dongguan in 2011. Since then, his life has come to an end.
From wage earners to real estate wunderkind to billionaire, finally went bankrupt and went bankrupt. Luo Zhaohui's life can be described as ups and downs. His experience reminds those entrepreneurs who started from scratch all the time, don't get too oblivious when they are soaring, learn more from the experience of successful people, and leave more long-term space for their future development. What do you think about this?
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