The so-called wealthy family money, power and reputation are indispensable. In the early years of the Republic of China, the first wealthy family in China was the Sheng family created by modern Sheng Xuanhuai .
Sheng Xuanhuai is known as the father of Chinese industry for his legend, innovation, adventure and hard work. He set a precedent for the times and many measures were pioneered in China. Sheng Xuanhuai also achieved his fame, career and wealth in this process.
Heshen 's property is as rich as a country, and Sheng Xuanhuai is no less than him. In Sheng Xuanhuai's later years, his total property had reached more than 10 million taels of silver. With such a wealthy ancestor, Sheng Xuanhuai's descendants benefited a lot. Sheng Xuanhuai's grandson Shen Yuyou was born with a golden spoon in his mouth.
When Sheng Yuyou was born, it was the time when his grandfather Sheng Xuanhuai had his career development at his best. He became the Minister of the Post and Pass, so he loved this grandson very much and gave him a nickname, Chuanbao. Unfortunately, shortly after Sheng Yuyou was born, the merchant began to decline from prosperity.
After the outbreak of the Xinhai Revolution, the Qing government completely fell, and Sheng Xuanhuai's fate also changed drastically. Because he supported Yuan Shikai , he had to go to Japan to avoid disaster. After several ups and downs, he died in 1916, leaving behind the property of more than 10 million taels of silver, with a purchasing power of several hundred million US dollars at that time.
Sheng Xuanhuai's huge inheritance was divided into 10 shares and inherited by later generations. It is said that Bao Sheng Yuyou was adopted by Shen Tongyi, and Sheng Tongyi died too early, so he was only nine years old at the time and also received more than one million taels of silver, equivalent to 100 million US dollars.
A nine-year-old child who is not familiar with the world has become a billionaire. For Sheng Yuyou, he naturally doesn't know how to deal with this huge wealth, so his biological father Sheng Enyi came to help him.
This Sheng Enyi is a famous prodigal son. After squandering all the inheritance he inherited, he put his ideas on his son. Every time he borrowed money, he would beat the dog with meat buns and never return, so that Sheng Yuyou was afraid of him.
Sheng Yuyou has a great tradition of grandfather, with a spirit of hard work and pioneering. After the founding of New China, Sheng Yuyou donated all his property without hesitation, and became a self-supporting worker and used his own hands to create wealth.
Sheng Yuyou went through hardships in the process of starting a business, leaving his footprints of struggle in Hong Kong and Singapore . Finally, he created a hotel in Tokyo, Japan, named Xinya Hotel.
A few years later, with Sheng Yuyou's hard work, the scale of Xinya Hotel has continued to expand. Sheng Yuyou finally opened many branches in various places with assets exceeding 100 million yuan.
