Disclaimer: The content of this article is written with authoritative information combined with personal opinions, and the source of the literature has been marked at the end of the article, please be aware
Preface
"Set a small goal and earn it 100 million first!"
Speaking of Wang Jianlin, I believe everyone is familiar with it, in 2015, he became the richest Chinese in the world with 260 billion yuan with "Wanda Group", it can be said that without Wanda, there would be no Wang Jianlin today.
However, who would have thought that the once glorious Wanda also had an "economic crisis", when everyone was helpless, she dared to smash 200 billion to save Wanda, and even threw 100 million to "pay off debts for her son", she is the backer behind Wanda - Lin Ning.
So, how did she come up with so much money? How strong is the strength behind her?
Wanda's "economic crisis"
When it comes to "Wanda Plaza", we can say that we are very familiar with it, as a large commercial center in the mainland, it has become our first choice for shopping.
It can be said that Wanda has become an indispensable presence in our daily life.
And Wang Jianlin, the man behind Wanda, relied on the 260 billion wealth brought by the "Wanda Group" to far surpass Li Ka-shing, and successfully became the richest Chinese in the country in 2015.
It can be said that without Wanda, there would be no Wang Jianlin today, and Wanda is like a grasshopper on a rope for Wang Jianlin, losing both.
However, who would have thought that Wanda, which is so brilliant now, experienced a huge "economic crisis" back then, which almost made Wang Jianlin collapse and fall to the bottom.
Back in 2016, Wanda at that time could be said to be all the rage, earning enough face for Wang Jianlin.
At that time, Wanda Real Estate's revenue reached an astonishing $100 billion and its net profit even reached $10 billion due to overseas investment.
And Wang Jianlin saw that his industry was getting better and better, and he was becoming more and more confident.
At that time, the real estate industry was doing well, and seeing that the real estate industry had good development prospects, he expanded his investment in real estate projects.
However, what he didn't expect was that in 2017, a major earthquake struck China's real estate industry, and the situation took a sharp turn for the worse.
The state also began to rectify the real estate industry in large quantities, and Wanda Group's liquidity problems due to excessive expansion and Wang Jianlin's wrong decision-making led to Wanda's liquidity, and Wang Jianlin also had a debt of nearly 260 billion yuan and faced the pressure of huge compensation.
Overnight, China's once richest man became China's "first loser".
In order to quickly resolve the crisis, he had to sell the company's cultural tourism industry and hotel projects and core assets to other companies.
Even Wang Sicong at that time sold his luxury car into funds to help his father survive this "economic crisis".
But the debt was too big, and the assets he sold were a drop in the bucket, far from enough to pay off Wanda's debts, and there were many rumors at that time that Wanda was on the verge of bankruptcy.
However, just when Wanda is facing a "change of ownership", a woman who saves him from crisis appears.
Wanda's lifesaver
As the saying goes, "Husband and wife are birds in the same forest, and they fly separately when disaster comes", but this sentence is not like this for Lin Ning and Wang Jianlin.
Wang Jianlin, as the richest Chinese in the country, when Wanda had a serious "economic crisis", Lin Ning, the woman behind him, did not abandon him and fly away, but "lived and died together" and "shared hardships" with Wang Jianlin, and stood up bravely.
Lin Ning first quickly transferred his shares in Wanda to Wang Jianlin, so that he had the absolute right to speak in Wanda.
Because she clearly knows that if Wang Jianlin doesn't have enough right to speak, someone will soon take advantage of Wanda's chaos to make trouble.
Immediately afterwards, Lin Ning suggested that Wang Jianlin "grasp the big and let go of the small" and sell all those over-expanded projects, and Wang Jianlin also listened to his wife's suggestion to cut his love.
Although these practices have also made Wanda a turnaround in a short period of time, reducing the burden of expenditure.
But this is still far from filling the loophole of funds, at this time Lin Ning made a bold decision - to sell his calligraphy and paintings, precious jewelry and many companies under his name to provide enough funds for Wanda.
After two years, Wanda finally "recovered" and completely survived the economic crisis.
As the "miracle doctor" of Wanda's recovery, Lin Ning can be said to have made an indispensable contribution, if it weren't for her, maybe Wanda would have "changed its name".
And Lin Ning can have so much confidence and ability to help Wang Jianlin through this crisis, which is closely related to her personal experience and environment.
Lin Ning was born in Liaoning, her family can be said to be a military family, her father Lin Lianzhang has participated in many battles, after retiring, Lin Lianzhang turned to the business development, and founded the Lin Group.
Then Lin Ning successfully took over the Lin Group in 1994, and Wang Jianlin was also born in a military family, and her father was an honorable soldier who participated in the Long March.
Because of their common background, the two also came together naturally, and also had their own child - Wang Sicong.
At that time, Wang Jianlin was influenced by his father and served in the army for 16 years, because of his long-term life in the army, he also had rich management experience, but in his heart he has always longed to develop in the business world.
Subsequently, in 1988, Wang Jianlin founded Wanda Group and served as the chairman, and soon, his company developed in various fields, behind the creation of Wanda Group, his wife Lin Ning has been silently supporting him behind the scenes.
At that time, Wanda was just starting out and was only in the embryonic stage, in order to better develop her husband's career, Lin Ning even moved the headquarters of the Lin Group to Wanda Group, so as to better help Wang Jianlin develop his career.
The two complemented each other and achieved each other, and soon made the industry bigger, but the far-sighted Lin Ning knew that these were not enough, and it was important to have a good connection.
To this end, Lin Ning also invested in the establishment of a high-end club called Orlante, which is a commercial club on the surface but behind it is a huge network of contacts.
It is reported that Ma Yun and others are members of the club, and it can be said that Wang Jianlin's participation in it will be of great benefit to his future development.
However, Lin Ning is not only a good wife, but also a good mother.
Wang Sicong's mother
Wang Sicong was born in 1988, and because Lin Ning and Wang Jianlin were busy with their careers at that time, they rarely had time to accompany Wang Sicong.
Therefore, in order for their children to have a better development, the couple sent Wang Sicong to study abroad when he was very young.
But later, Lin Ning couldn't bear to see the child alone abroad, so as a mother, she put down her career and went abroad to accompany Wang Sicong in person.
Accompanied by his mother, Wang Sicong can be regarded as having spent his childhood happily.
However, after Wang Sicong completed his study abroad, he did not take over his father's industry, but "messed with flowers and grass", and the girls around him changed one after another.
Seeing that his son was not learning and unskilled, Wang Jianlin, who wanted him to achieve something, gave him a start-up capital of 500 million yuan to start his own business.
With the financial support of his father, Wang Sicong entered the e-sports industry he liked, and Wang Sicong also founded his own company, but due to improper management, the company created by Wang Sicong soon faced the crisis of bankruptcy.
And he was issued a consumption restriction order by the court, and in 2019, it was Wang Sicong's most "down" year, when he was seized by the court for all assets such as real estate under his name.
For a while, Wang Sicong fell into the bottom, thinking that his father Wang Jianlin would help the child tide over the difficulties, who thought that Wang Jianlin not only did not help the child, but thought that Wang Sicong should bear the corresponding consequences.
At this critical moment, Lin Ning stood up and only took out 100 million pocket money to help his son easily get through this crisis, and successfully let Wang Sicong get rid of the title of "old lai".
It's no wonder that Wang Sicong respects his mother so much, as the "virtuous helper" in the family, Lin Ning is not only beautiful and dignified, but also not inferior to a popular star.
Wang Jianlin has not passed on the peach news for many years, and it can be said that Lin Ning is single-minded, and Wang Jianlin also said that his standard for his daughter-in-law is a person like his wife.
It can be said that Lin Ning is a role model for all girls to learn, she is not attached to the men around her, but constantly enriches herself, is an independent and sober girl, and takes everything she wants into her own hands.
epilogue
Looking back at the experience of "Lin Ning", it can be said that she should not be called Wang Jianlin's wife or Wang Sicong's mother.
If it weren't for her, Wang Jianlin's Wanda might not have survived the economic crisis at that time, and would have declared bankruptcy a long time ago, without her help, Wang Sicong would not have been able to tide over the difficulties.
I think she should be called the "strong woman" Lin Ning, and Lin Ning's experience is also a benchmark for all of us to learn, she is not attached to anyone, she only relies on herself.
At the same time, she has also successfully relied on her vision and ability to successfully help the people around her, she does not need to rely on capital, because she herself is capital.
So, what do you think of Lin Ning in front of the screen? Write your answer in the comments section!
Resources:
1. Change of Wanda's board of directors: Wang Jianlin's wife Lin Ning withdrew. Sina News [Quote date: 2020-03-19]
2. Wanda Movies changes hands! Wang Jianlin transferred the equity, and the actual controller will be changed to Ke Liming. CBN News.2023-12-12 [Citation date:2023-12-13]
3. Wang Sicong's "equity frozen" is on the hot search again! Is the "training fund" given by Wang Jianlin at the beginning good? National Business Daily [Citation date: 2019-10-18]
In order to improve the readability of the article, there may be polishing of the details, please read sensibly, for reference only!