On October 28, 2019, Hurun Research Institute released the "2019 Hurun 80s Self-Made Rich List", and Ge Yuesheng ranked 32nd with 3.5 billion yuan. In fact, as early as last year, this young man was already the richest person born in the 90s. On October 10, 2018, the "2018 Hurun Rich List" announced that the 26-year-old Bitmain executive director Ge Yuesheng surpassed the 27-year-old ofo founder Dai Wei with a wealth of 3.4 billion, becoming the top "post-90s" richest person. In other words, the wealth of Ge Yuesheng, the richest person born in the 90s, increased by 100 million in one year.
So, who is this richest person born in the 1990s? How did he get his huge wealth? As a cryptocurrency player commented, the cryptocurrency world is like a world that exists independently of society. In this circle, there are many people born in the 1990s who are financially free. While others are still a little wary and curious about this society, people in this circle have been struggling in the world of digital currency for many years and have lost a lot of money. The bigwigs in the cryptocurrency circle are all very young, and some are even too young. However, this richest person born in the 1990s with a wealth of 3.5 billion is a little too young, only 27 years old.
1. Former executive director and senior investment director of Bitmain
According to public information, Mr. Ge Yuesheng is 27 years old and graduated from Hangzhou Dianzi University with a degree in business administration in 2013. After graduation, Ge Yuesheng first worked as an analyst at Shanghai Zhonghua Venture Capital Management Co., Ltd. for one year (August 2013-August 2014), and then joined Bitmain in December 2014, responsible for investment activities. Currently, he holds two important positions at Bitmain: executive director and senior investment director.
According to Bitmain's 2013 annual report, when Bitmain was founded, there were 5 natural person shareholders, among which Zhan Ketuan held 59.2% of the shares, and the second largest shareholder was Ge Yuesheng, holding 28%. Mr. Ge is indeed not simple. In addition to Bitmain's shares, Ge Yuesheng also owns several companies. Except for a creative planning company that has been cancelled, most of the others are technology companies. Among them, Suzhou Industrial Park Cheliu Electronic Technology Partnership (Limited Partnership), with a registered capital of 230 million yuan, is still the major shareholder of Bitmain (65.93%), Wu Jihan (12.64%), and Zhan Ketuan (10.99%). Holding 7.14% of the shares.
2. Wu Jihan invited Ge Yuesheng to join Bitmain and become the co-founder of Bitmain
Speaking of Ge Yuesheng, we have to mention Wu Jihan. Mr. Wu Jihan, a well-deserved hall-of-fame figure in the currency circle, was born in 1985 and graduated from Peking University with a double degree in psychology and economics. This is the common label he gives to the outside world. Currently serving as the CEO of Bitmain, he is a recognized Bitcoin evangelist in the industry. He came into contact with Bitcoin as early as 2011, and founded Babbitt with Chang Jia and others, and later founded the mining chip company WhiteBit. Landed in the mainland. Since the end of 2013, Wu Jihan has gradually stopped being active in the Bitcoin community and has become one of the most mysterious bosses in the Bitcoin circle.
Wu Jihan was the first person to bring Bitcoin information to the domestic market. After contacting Ge Yuesheng, Wu Jihan invited Ge Yuesheng to join Bitmain. Ge Yuesheng agreed and became a co-founder of Bitmain. In just three years, he became the company's executive director. Then they worked together as investors and found a small group to invest in. After a few years of dormancy, he entered the Hurun Wealth List in 2008 with his own wealth of 3.4 billion.
3. It was revealed that Bitmain had secretly submitted an application for listing to the SEC
Bitmain is a giant in the cryptocurrency industry, covering all aspects such as mining machines, mining pools, mining farms, trading platforms, etc. Among them, its Bitcoin mining pool AntPool is currently the world's largest Bitcoin mining pool. The mining pool accounts for 20% of the industry's computing power and is one of the giants in the Bitcoin world.
Recently, according to media reports, Bitmain, a mining machine manufacturer, has secretly submitted an application for listing to the U.S. Securities and Exchange Commission, with Deutsche Bank as the sponsor. In order to increase the chances of success in this listing in the United States, Bitmain even hired Zheng Hua, the former chief representative of Nasdaq in China, as a company consultant to provide it with advice. Wu Jihan's strong return means that if it wins the support of shareholders, Bitmain will focus on the most advantageous blockchain industry, regroup in the mining machine and mining pool business, and launch an impact on the U.S. stock market.
Previously, when Bitcoin was trying to IPO in Hong Kong stocks in the mainland, the biggest obstacle was the issue of listing adaptability. On January 23, 2019, at the Davos World Economic Forum, Hong Kong Stock Exchange CEO Li Xiaojia said, "For IPOs, the core principle of the Hong Kong Stock Exchange is listing suitability. Is it suitable for listing? For example, I made billions through business A in the past, and suddenly I want to do business B in the future, but there is no performance yet. Or the business model of B is better, then I think the business model of A that you used for listing has no continuity, and the supervision was ignored before, and then the supervision began to control, can you still do this business and make this money?
Panyin is ready to come out. Whether it is the mining machine business that attracted money before, or the AI business that it wants to transform, Bitmain cannot meet the "listing adaptability" proposed by Li Xiaojia.
