The mining billionaire no one has heard of.
With rumors, controversy and news buzzing about its upcoming IPO, Chinese cryptocurrency-mining chip firm Bitmain has been thrust into the spotlight in recent months. Jihan Wu, Bitmain’s cofounder and co-CEO, has gotten most of the media coverage, largely because of his prominent online social presence.
Meanwhile, Micree Zhan, Bitmain’s other cofounder and co-CEO, has kept a much lower profile but owns a much bigger stake in Bitmain than Wu does. Zhan is Bitmain’s technical mastermind and owns 36.58% of the company, while Wu’s stake is 20.5%, according to the leaked preIPO investor decks. The Beijing-based company is confident that it will achieve a $14 billion market capitalization once it offers shares to the public, according to its pre-IPO investor materials. That would make Zhan’s stake worth at least $5.1 billion and Wu’s stake worth nearly $2.9 billion.
Forbes isn’t so bullish. After talking with analysts, we estimate Zhan’s net worth at around $4 billion and Wu’s at close to $2.3 billion. Forbes valued Bit- main by applying price-to-sales ratios from comparable companies including Nvidia, AMD, Qualcomm, Mediatek and Cisco.
Denne historien er fra October 2018-utgaven av Forbes Indonesia.
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Denne historien er fra October 2018-utgaven av Forbes Indonesia.
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BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
