Current Events > Eric Tse, 24, Billionaire overnight

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FrozenXylophone 10/25/19 4:35:37 PM #1:	https://amp.cnn.com/cnn/2019/10/24/asia/china-billionaire-sino-intl-hnk-scli/index.html He's 24 years old. He parties with Rihanna and Bella Hadid. He watches basketball games with Yao Ming. And on Tuesday, he became a billionaire. Eric Tse, who recently graduated from the University of Pennsylvania's prestigious Wharton School of Finance, was gifted about $3.88 billion in his family com Tse's parents are both executive directors of Sino Biopharmaceutical Limited, and on Tuesday they gave him a fifth of the company's total issued shares "as a gift at nil consideration," according to a company statement. Tse, who is from Hong Kong, is the latest member of Asia's booming billionaire club -- but apparently wants no part in the wealth rankings. The company statement said "he will endeavour not to participate in such rankings in his own name, and would recommend participating in such nominations in the name of the Tse Ping family." Imagine being him. Lucky? <cite>FrozenXylophone posted [p:929234318] in Eric Tse, ... [t:78110959]...</cite> <quote>https://amp.cnn.com/cnn/2019/10/24/asia/china-billionaire-sino-intl-hnk-scli/index.html <quote>He's 24 years old. He parties with Rihanna and Bella Hadid. He watches basketball games with Yao Ming. And on Tuesday, he became a billionaire. Eric Tse, who recently graduated from the University of Pennsylvania's prestigious Wharton School of Finance, was gifted about $3.88 billion in his family com Tse's parents are both executive directors of Sino Biopharmaceutical Limited, and on Tuesday they gave him a fifth of the company's total issued shares "as a gift at nil consideration," according to a company statement. Tse, who is from Hong Kong, is the latest member of Asia's booming billionaire club -- but apparently wants no part in the wealth rankings. The company statement said "he will endeavour not to participate in such rankings in his own name, and would recommend participating in such nominations in the name of the Tse Ping family."</quote> Imagine being him. Lucky?</quote> ... Copied to Clipboard!
Turtlebread 10/25/19 4:36:34 PM #2:	why's this even news his parents were already billionaires --- https://imgur.com/yCW15Zn <cite>Turtlebread posted [p:929234365] in Eric Tse, ... [t:78110959]...</cite> <quote>why's this even news his parents were already billionaires</quote> ... Copied to Clipboard!
spudger 10/25/19 4:36:48 PM #3:	eh. now he's a target. --- -Only dead fish swim with the current http://error1355.com/ce/spudger.html <cite>spudger posted [p:929234372] in Eric Tse, ... [t:78110959]...</cite> <quote>eh. now he's a target.</quote> ... Copied to Clipboard!
josiskrazy 10/25/19 4:37:23 PM #4:	He was a billionaire the moment he was born --- My SUIKODEN collection http://imgur.com/gallery/ztyT1 <cite>josiskrazy posted [p:929234392] in Eric Tse, ... [t:78110959]...</cite> <quote>He was a billionaire the moment he was born </quote> ... Copied to Clipboard!
Pukelid 10/25/19 4:37:45 PM #5:	that's downright disgusting. --- Hairistotle <cite>Pukelid posted [p:929234406] in Eric Tse, ... [t:78110959]...</cite> <quote>that's downright disgusting.</quote> ... Copied to Clipboard!
FrozenXylophone 10/25/19 4:38:11 PM #6:	Turtlebread posted... why's this even news his parents were already billionaires Idk, ask CNN <cite>FrozenXylophone posted [p:929234423] in Eric Tse, ... [t:78110959]...</cite> <quote>Turtlebread posted...</cite> <quote>why's this even news his parents were already billionaires</quote> Idk, ask CNN</quote> ... Copied to Clipboard!
RetsuZaiZen 10/25/19 4:38:13 PM #7:	Yea this is a strange article. --- Why do nerdsalways get caught up on the details? https://imgur.com/dntQM https://imgur.com/9gNcUGM https://imgur.com/bH8vq3f <cite>RetsuZaiZen posted [p:929234427] in Eric Tse, ... [t:78110959]...</cite> <quote>Yea this is a strange article.</quote> ... Copied to Clipboard!
Zack_Attackv1 10/25/19 4:38:46 PM #8:	yawn --- https://imgur.com/By2Znr3 <cite>Zack_Attackv1 posted [p:929234448] in Eric Tse, ... [t:78110959]...</cite> <quote>yawn</quote> ... Copied to Clipboard!
Tired-Insomniac 10/25/19 4:39:11 PM #9:	josiskrazy posted... He was a billionaire the moment he was born --- "I like turtles" <cite>Tired-Insomniac posted [p:929234467] in Eric Tse, ... [t:78110959]...</cite> <quote>josiskrazy posted...</cite> <quote>He was a billionaire the moment he was born </quote></quote> ... Copied to Clipboard!
Garioshi 10/25/19 4:40:03 PM #10:	Man wins the genetic lottery, more at 11. --- "I play with myself" - Darklit_Minuet, 2018 <cite>Garioshi posted [p:929234501] in Eric Tse, ... [t:78110959]...</cite> <quote>Man wins the genetic lottery, more at 11. </quote> ... Copied to Clipboard!
Jabodie 10/25/19 4:40:06 PM #11:	Turtlebread posted... why's this even news his parents were already billionaires The size of the gift is fairly unusual, since gifts and inheritance often have deep taxes if they are too large. So usually these things need to be done slowly, or in a way that requires more subtly to avoid paying taxes out the ass. --- <insert sig here> <cite>Jabodie posted [p:929234503] in Eric Tse, ... [t:78110959]...</cite> <quote>Turtlebread posted...</cite> <quote>why's this even news his parents were already billionaires</quote> The size of the gift is fairly unusual, since gifts and inheritance often have deep taxes if they are too large. So usually these things need to be done slowly, or in a way that requires more subtly to avoid paying taxes out the ass.</quote> ... Copied to Clipboard!
FrozenXylophone 10/25/19 4:40:11 PM #12:	Tired-Insomniac posted... josiskrazy posted... He was a billionaire the moment he was born Technically no. Theu could have disowned him, lost their wealth, required him to prove he is a worthy heir etc etc <cite>FrozenXylophone posted [p:929234504] in Eric Tse, ... [t:78110959]...</cite> <quote>Tired-Insomniac posted...</cite> <quote>josiskrazy posted...</cite> <quote>He was a billionaire the moment he was born </quote></quote> Technically no. Theu could have disowned him, lost their wealth, required him to prove he is a worthy heir etc etc</quote> ... Copied to Clipboard!
eston 10/25/19 4:40:47 PM #13:	Rich Person Still Rich More on this story as it develops --- http://i73.photobucket.com/albums/i215/estonc/grizzly_bear_chairs_2.jpg https://imgur.com/8kjZU <cite>eston posted [p:929234520] in Eric Tse, ... [t:78110959]...</cite> <quote>Rich Person Still Rich More on this story as it develops</quote> ... Copied to Clipboard!
FFVII_REMAKE 10/25/19 4:41:15 PM #14:	Rich people problems. --- LA Clippers fan since 2019 https://i.imgtc.ws/UOwpJCI.jpg <cite>FFVII_REMAKE posted [p:929234542] in Eric Tse, ... [t:78110959]...</cite> <quote>Rich people problems.</quote> ... Copied to Clipboard!
Hanky_Bannister 10/25/19 4:42:03 PM #15:	spudger posted... eh. now he's a target. this. im sure he had security before but now its gotta get worse --- "3rd Best Whiskey in Northern Burma" https://www.youtube.com/watch?v=hvjOu4EzjYg <cite>Hanky_Bannister posted [p:929234587] in Eric Tse, ... [t:78110959]...</cite> <quote>spudger posted...</cite> <quote>eh. now he's a target.</quote> this. im sure he had security before but now its gotta get worse</quote> ... Copied to Clipboard!
Romulox28 10/25/19 4:42:39 PM #16:	arent these stocks going to get taxed big time? --- https://imgur.com/LhwwG <cite>Romulox28 posted [p:929234608] in Eric Tse, ... [t:78110959]...</cite> <quote>arent these stocks going to get taxed big time?</quote> ... Copied to Clipboard!
Veggeta X 10/25/19 4:42:55 PM #17:	josiskrazy posted... He was a billionaire the moment he was born --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:929234624] in Eric Tse, ... [t:78110959]...</cite> <quote>josiskrazy posted...</cite> <quote>He was a billionaire the moment he was born </quote></quote> ... Copied to Clipboard!
UnholyMudcrab 10/25/19 4:44:32 PM #18:	That's a hell of a lot of tax --- https://imgur.com/VeNBg https://imgur.com/gd5jC8q https://imgur.com/PKIy7 https://imgur.com/3p29JqP <cite>UnholyMudcrab posted [p:929234694] in Eric Tse, ... [t:78110959]...</cite> <quote>That's a hell of a lot of tax</quote> ... Copied to Clipboard!
Akagami_Shanks 10/25/19 4:44:47 PM #19:	The government: "Why don't we just take a small portion of that...." Now he is a millionaire --- PSN: TYruler50 XBL: TYruler50, Switch: 4538-0715-0699, Battle.net: TYmaster50#1751, Steam: TYmaster50, 3DS FC: 4614-3266-5802, Wii U: Tymaster7601 <cite>Akagami_Shanks posted [p:929234708] in Eric Tse, ... [t:78110959]...</cite> <quote>The government: "Why don't we just take a small portion of that...." Now he is a millionaire</quote> ... Copied to Clipboard!
Jabodie 10/25/19 4:46:20 PM #20:	Romulox28 posted... arent these stocks going to get taxed big time? No, apparently there are no gift taxes in China. --- <insert sig here> <cite>Jabodie posted [p:929234762] in Eric Tse, ... [t:78110959]...</cite> <quote>Romulox28 posted...</cite> <quote>arent these stocks going to get taxed big time?</quote> No, apparently there are no gift taxes in China.</quote> ... Copied to Clipboard!
Tired-Insomniac 10/25/19 4:48:12 PM #21:	Romulox28 posted... arent these stocks going to get taxed big time? Even if they were he'd still be left with more money than he'll ever need --- "I like turtles" <cite>Tired-Insomniac posted [p:929234851] in Eric Tse, ... [t:78110959]...</cite> <quote>Romulox28 posted...</cite> <quote>arent these stocks going to get taxed big time?</quote> Even if they were he'd still be left with more money than he'll ever need</quote> ... Copied to Clipboard!
FrozenXylophone 10/25/19 4:48:12 PM #22:	Btw, ppl saying he born rich Ask yourselves, why did they wait till he was 24? <cite>FrozenXylophone posted [p:929234852] in Eric Tse, ... [t:78110959]...</cite> <quote>Btw, ppl saying he born rich Ask yourselves, why did they wait till he was 24?</quote> ... Copied to Clipboard!
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Current Events > Eric Tse, 24, Billionaire overnight (+) Yeah! (+)

Current Events > Eric Tse, 24, Billionaire overnight