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Poor boy went to prison at the age of 18, became the richest man in China in the last years of his life-Young man

Monday, May 2, 2022 16:18 PM (GMT+7)

This man’s life is a series of days of not surrendering to fate and always trying to overcome his limits.

Poor boy went to prison at the age of 18, became the richest man in China in the last years of his life - 1

Yin Mingshan was born into a family of landlords in Chongqing, China. At the age of 12, after the death of his father, his family fell into bankruptcy, the mother and daughter had to live in an abandoned cottage in the countryside.

From a young master to a rich family, to now live in poverty like this shocked him. However, he was forced to accept the current situation, in his mind always wondering “where can I earn money to support my mother and myself”.

Seeing that every house needed a needle, he borrowed 50 cents from relatives, walked a few kilometers to get wholesale and then drove it to the village to sell. Just like that, he bought and sold the needle and thread and made a little profit. Although his business at that time helped the family, the mother was not happy.

She told her son that: “You have to study. If you don’t study, you won’t be able to change your destiny.”

He worked hard for 1 year, then gave all the money to his mother, then went to Chongqing to study alone. He studied very well, completing his school courses in a short time.

At that time, everyone predicted that he would become a math genius in the future.

Yin Mingshan can calculate very quickly but cannot calculate his future. In his final year of high school, he was expelled from school, then imprisoned. Math genius became a prisoner is a topic that everyone discussed at that time.

In prison, he still did not give up his studies, reading books, learning English, exercising every day. Just like that, he was in prison for a very long time.

On the day she stepped out of the prison gate, Yin Mingshan stood at the door looking up at the sky and didn’t know where her life would go at the age of 41.

After being released from prison, Yin Mingshan went to work at a chemical factory in Chongqing. At this time, the opportunity to show his talent came. The factory imported 1 batch of new equipment, manuals in English. It is very difficult to find people fluent in English in the factory. He happened to know this, so he took the initiative to meet the board of directors.

The translation went smoothly, everyone admired his talent. After that, he started teaching English at Chongqing Television University. Although he was well paid, he was not interested in teaching.

In 1983, Chongqing Publishing House recruited an editor, he felt an opportunity was coming, so he boldly applied for a job and succeeded. In just two years, he became vice president of the publishing house, when he was 47 years old.

Yin Mingshan only took 6 years to shed the status of a prisoner and achieve admirable success. In 1985, he quit his job at the publishing house and went to Chongqing International Technology Consulting for an interview. Unlike others who only have the purpose of making money, he came here to gain experience.

Under his management, from a loss-making company to a profitable one. After working for 3 years, he resigned and decided to open his own company. Although he started his business when he was in his 50s, he was determined to regain what was lost during his five months in prison.

In 1988, Yin Mingshan opened the first private book company, called “Chongqing Changjiang Book Company”. Business is favorable, every book is sold out.

Poor boy went to prison at the age of 18, became the richest man in China in the last years of his life - 2

At that time, Chongqing was most famous for motorcycles, with two giants, Jialing and Jianshe, controlling the majority of the Chinese motorcycle market. He also wanted a “piece of cake”, so despite his family’s objections, he founded a motorcycle company.

On the opening day of the factory, there were only 9 employees in a workshop less than 40 square meters. With his business acumen, he quickly made new breakthroughs in the motorcycle industry.

People rushed to buy motorbikes from his company due to the preferential policy. Although from a person who knows nothing about motorbikes, not long after that, he earned $ 31 million from this “piece of cake”.

That year, at the age of 57, he became a millionaire.

In 2003, Yin Mingshan became a motorcycle tycoon and entered the list of China’s richest people according to Forbes.

However, it is clear that his achievements in motorcycles are not enough to satisfy his passion for business. He became interested in a new hobby of buying clubs Soccer and earn a lot of money.

He always had an inexhaustible source of energy, he asked his employees: “Toyota is everywhere, Honda is also countless, what should we do?“. Then he said to everyone: “I want to copy Toyota, build a car.”

Poor boy went to prison at the age of 18, became the richest man in China in the last years of his life - 3

Yin Mingshan understands that the motorcycle market is rapidly saturated, so he has turned to cars. Like so many times before, difficulties surrounded him, but he gradually made a name for himself in the auto industry.

On November 25, 2020, his company’s shares were listed on the Shanghai Stock Exchange. The market value each rose to more than 30 billion, his assets exceeded 11 billion yuan.

At this time, Yin Mingshan 72 years old, became a billionaire in China.

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at Blogtuan.info – Source: 24h.com.vn – Read the original article here

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