Foreign Property News | Posted by Hnin Ei Khin
Most dads are just simple men who wish the best for their children.
They want their children to see real life, to learn what it is to struggle and to achieve, and to teach them that hard work and persistence are the way to success.One Chinese multimillionaire also wanted all these things for his son. So, he kept a secret from him for years and years, he told Jiupai News, as per South China Morning Post. The secret was that their family was wealthier than this son could have ever imagined.
Multimillionaire father, Zhang Yudong, is the founder and president of the Hunan spicy gluten latiao brand “Mala Prince,” which produces 600 million yuan (US$83 million) worth of goods a year.
He started this company around the same time his son Zhang Zilong was born.
For the first 20 years of his son's life, he carefully concealed the real status of the family’s wealth. He was aware of his father’s famous brand but was told that his family had gone into debt to keep the company running.
(Zhang Yudong founded the business but managed to keep its huge success from his son and heir for two decades. Photo: Weibo)
He attended one of the best secondary schools in the capital city of Hunan, Changsha without his family using their connections to secure admission.
On graduating from university, Zhang junior’s dream was to find a steady job that paid about 6,000 yuan (US$800) a month so he could slowly help his family repay their debt.
It was after graduation, that Zhang senior told his son the family was, in fact, very wealthy, and they moved to a newly-built villa that cost 10 million yuan (US$1.4 million).
After that, Zhang junior began working in the e-commerce department of his father’s company, where colleagues treated him like any other young employee.
He said both he and his father would not want him to live like a spoiled fu er dai, a term of derision that means “second-generation rich” in Chinese. However, he admits that being affluent is a privilege he enjoys.
“Being rich does make me happy,” he said last December in an interview with a Douyin influencer, @Xiangxiangdazuozhan.
Zhang junior said his dream now is to help the company go public and sell to international markets. His father said he would only consider giving him the company if his performance justifies it.
(The elder Zhang kept his wealth secret because he wanted to keep his son’s feet firmly on the factory floor. Photo: Weibo)
Ref: Millionaire shares the reason why he kept family wealth a secret from his son for 20 years (scmp)
Photo Credit-Weibo
