Reaching the age of thirty, my income randomly doubled

Tengying Entertainment was undergoing a major industrial migration.

There was naturally a lot of commotion, but fortunately everything was pre-arranged.

Moreover, the main force being withdrawn was just the newly established Antler Coffee.

Although this was regrettable, it was understandable.

After all, the coffee culture in Magic City was denser.

Luckily, only Antler Coffee was being moved. Otherwise, once the three-year tax exemption period for startups ended. Continue reading stories on empire

He would have relocated everything.

Especially since Tengying Entertainment was already among the top five entertainment groups in the country.

Who could have handled that?

Those division managers would definitely have to invite him for tea.

A small company moving would have been one thing.

If a group worth tens of billions were to just relocate, the district mayor responsible for this region would be held accountable.

Without such a company, the amount of tax paid annually would be significantly less.

Regions are assessed on their GDP and various other economic indicators.

He was going to start paying taxes next year, and this year alone he'd have to pay at least four to five hundred million.

Before paying taxes, of course, the finances of the group needed to be sorted out.

Chen Pingsheng had established another company named Tengchao Commercial Management.

Its main purpose was to manage their own family's rental incomes.

As soon as Tengchao Commercial Management was established, it was valued at tens of billions.

Chen Pingsheng injected the two major headquarters, and the eight large storefronts from Tenghui Department Store.

Also the existing 14 club storefronts of Water Cloud Space, all into this Tengchao Commercial Management.

According to financial calculations, this commercial management service company had total assets of around sixty billion.

This included Capital City's ten billion headquarters building, Magic City's sixteen billion headquarters building.

Eighteen billion for purchasing eight whole-floor spaces in Tenghui Department Stores, as well as the fifteen billion for the 14 oversized club storefronts bought by Water Cloud Space.

Unbeknownst to him, his family's investments in commercial real estate had already reached sixty billion.

The reason for spinning off these commercial real estates was because he did not hold one hundred percent of the company shares.

He only possessed absolute controlling rights.

Secondly, it was for the purpose of lawful tax avoidance.

By completely separating commercial real estate income from company finances for independent accounting.

Going forward, all his family's companies would have to pay rent to Tengchao Commercial Management, fully owned by him.

If Chen An'an grew up and truly had no business talent,

then she was prepared to inherit this Tengchao Commercial Management, spending only the rental income each year, but absolutely not allowed to sell any storefronts.

All these arrangements could be set up in advance through the inheritance fund.

With these rental incomes, she could be secured for life.

The not-so-talented spoiled brat could only be a lifetime super-landlady.

"Ah-choo" Chen An'an, who was naturally distracted during class, sneezed loudly and felt inexplicably puzzled.

Who was cursing at sister An'an? Didn't they want snacks?

After wiping her little nose, she decided to seriously attend the class again.

She would not let her dad down and aimed to score in the top twenty-five in her class.

A minute later.

Whew~ Whew~

What was happening, why did she always feel sleepy during class?

Might as well sleep first.

The teacher talking today, should probably repeat tomorrow, right?

Chen An'an definitely intended to study seriously tomorrow, to stick two fake yet realistic big eyes on her face and study earnestly.

...

Chen Pingsheng would naturally not charge too high a rent for his own family's commercial properties.

According to the financial summary, it was about 1.6 billion annually.

With such a high income, it should be enough for the spoiled brat to spend freely.

After spinning off the commercial real estate, there was no need to hire too many people.

Just a small finance team was sufficient.

They would chase after any company that didn't pay the rent on time.

The best business for a leisurely lifestyle, free from any risks.

A steady income of one to two billion a year.

And the revenue was likely to keep growing.

...

After Shen Chengjun from Tenghui Department Store came over, Chen Pingsheng allocated fifteen billion for him.

To start with, he would open five Tenghui Department Stores.

Tenghui Department Store in Capital City had already opened 8 stores, and the income had met, or even exceeded, expectations.

The reputation was exceptionally good, perhaps not comparable to the industry peak of Pang Donglai.

But it was absolutely the best in terms of reputation in Capital City.

Especially the fresh food section, which was a great success.

It proved that his previous extensive research on all-category fresh food was indeed a wise decision.

Going forward, he would not invest in Capital City's Tenghui Department Store any longer.

Instead, the profits would be generated by the current eight stores.

A single Tenghui Department Store involved an average investment of about three billion, half of which was spent on buying commercial storefronts.

And the department stores' profits amounted to about fifty million a year.

If the market did not undergo major changes, this type of business was very stable and long-term.

Six years to break even.

The eight stores together made a profit of about four hundred million a year.

That was enough to open another store.

The extra billion would be the staff's year-end bonus.

He had always been very generous in this regard, and the speed of opening new stores would only increase as time went on.

In the first few years, it was just about expanding from eight stores to one store.

In fact, after spinning off the commercial real estate, Tenghui Department Store could also independently apply for listing.

With its profits, a market value of fifty to sixty billion was more than stable.

Chen Pingsheng wasn't in a hurry yet. He would at least wait until the department stores in Magic City were also up and running before proceeding with the listing process.

Tenghui took away 1.5 billion.

He allocated another two billion to Tengsheng Fresh Food, planning to first open fifty to sixty stores in Magic City before anything else.

The profit from fresh food was indeed pretty good, the only downside being that it couldn't be replicated too quickly.

An allocation of one billion had previously taken almost half a year to be fully utilized.

Now, allocating two billion would require just as long to be fully utilized.

He was now like a nursing mother, nurturing these businesses one by one.

Once they had all developed, they could then give back to him.

It would probably take another year or two.

These were not industries that could be developed quickly, even with money.

Time was also an indispensable element for a business.

After organizing it this way, there would be only two billion left in liquid assets from his initial 21 billion.

All had been reasonably spent.

Chang Fu came to visit him with Yang Qian, who was six months pregnant and already showing.

He too was thinking of moving the headquarters to Magic City.

Mainly for the convenience of taking care of his wife.

With only twenty or so female anchors in his company, talking about moving headquarters was nothing major.

It was just a matter of saying the word if he wanted to go.

It wasn't like his situation, which was so troublesome, requiring so much preparation ahead of time and only now beginning the actual move.

"If you want to go, just go. I'll need to frequently visit Magic City anyway."

"Old Chen, I'll miss you, man."

"Cut it out, you're about to be a dad."

Chen Pingsheng asked him, "Have you two bought your house there already?"

"Of course, we did."

Chang Fu said, "My wife spent over forty million on it, four bedrooms and two living rooms."

After Bobo Milk Tea went public, Yang Qian also cashed out seventy-five million.

Spending over forty million to set up a home in Magic City was no big deal for her.

Plus, Chang Fu's income wasn't low either, easily making nearly twenty million a year.

Financially, they were under no significant pressure anymore.

In Magic City, he had also given his Rolls-Royce Ghost to Yang Qian and was bringing over the Ferrari F12 from here.

He would live just as fashionably.

"I also bought another slightly larger apartment there myself."

Chen Pingsheng said, "Once I'm done with some work here, I'll be heading there next month."

Chang Fu joined him for tea, reflecting on his immense gains from a couple of years in the Capital.

His wife, free from her previously oppressive life, had become more and more confident here.

Women, when they reach a certain age, should have their own career.

Yang Qian was now the acting CEO of Antler Coffee, mainly because she was pregnant.

No startup brand would appoint a pregnant woman as CEO.

She was bound to have a lengthy period of maternity leave coming up.

At her age, becoming a mother, she was sure to want more time to spend with her child.

"Brother, I'll be waiting for you."

Since Antler Coffee was moving there, naturally, Yang Qian was too.

Chang Fu said, "A few days ago, your sister got married, and Gao Hu was even planning to call you out for drinks that night. Us old buddies, now he's not so young anymore either. You tell me, him constantly changing girlfriends isn't right.

"You should talk to him, tell him to hurry up and find someone to marry already. With Fei Yangyang doing so well, there's no woman he can't find."

Men, when they reach a certain age, should get married.

You can't stay a playboy forever, and Chang Fu certainly has authority on this matter.

He used to be just like that too, but after finding Yang Qian, he quickly settled down.

"I was too busy that day, didn't even have time to chat with him. I'm planning to visit Guangdong next month, I'll talk to him then."

Chang Fu nodded, "Now that your sister's married, although Hu Lin's financial situation is a bit weak and he's just so-so in capabilities, he wins on being honest. If Chen Qi really wanted a rich second generation, who knows how much womanizing they'd do out there."

Chen Pingsheng had also considered this point initially; he knew plenty of rich second-generations.

Who among them wasn't enjoying life to the fullest outside.

He'd rather have his little sister marry someone less well-off but genuinely caring toward her.

And Hu Lin was truly earnest.

He really cared for his little sister, just wasn't very good at handling his social relationships on his side.

To the extent that he'd let his sister call him to meet his college friends for drinks.

This irritated him somewhat.

Sometimes choices are just like that, there's good and bad.

The too smooth ones are usually crafted by women and the corporate world.

Those people are experts at being two-faced.

He liked them even less.

"And you call that a slight deficit? Wait till you have a daughter, and see if she marries into a family so mismatched in terms of social status."

Chen Pingsheng didn't want to dwell too much on this topic, so he said,

"Fei Yangyang is also moving towards an IPO, and Gao Hu is really busy at this time. When Fei Yangyang actually goes public, I will make sure to push him to get married quickly."

"Then his parents will definitely send your family a banner of gratitude."

Chang Fu said with a laugh, "Being single is indeed carefree, but only being with someone does it become a home. Now that we're of middle age, even if you find someone as young as a recent college graduate like Zhang Tao, it would still be good."

Chen Pingsheng drank tea, and the two old buddies sitting together could talk endlessly.

In life, you don't need many friends, just a few genuine ones will do.

They had grown up together from childhood, and now to be able to work together in business was truly a delightful feeling.

Chen Pingsheng couldn't personally send the two off to Magic City, as there were still many matters in Capital City needing his attention.

He also had to make arrangements for his relatives at home.

Like his aunt and uncle, who came to Capital City and didn't even want to go back.

Yet his grandparents were those who wanted to return.