The rich man in Baotou was worth 2.5 billion at the age of 43, and set himself on fire at the age of 44, leaving only 65.438+46 billion foreign debts.

He is a member of the rich in Baotou. At the age of 43, his worth has reached 2.5 billion yuan, but surprisingly, one year later, his debt reached 65.438+0.46 billion yuan, and he even chose to burn himself to end his life. What happened behind this?

The character mentioned at the beginning is Jin Libin, born in 1967. In 2006, he established Fuhe Bean Company, which is also a subsidiary of Huilong Group, with about 2,000 employees.

With the good development of the company, in 20 10, 43-year-old Jin Libin was worth 2.5 billion yuan, becoming one of the richest people in Baotou, and the Fuhe bean industry he founded also won the top 100 green food contribution awards in this year, so far Jin Libin gained both fame and fortune.

Unexpectedly, a year later, at 20 1 1, Jin Libin ended his life by self-immolation, at the age of 44.

Also in this year, Huilong Company gradually went bankrupt, with debts reaching 654.38+0.46 billion yuan, debtors exceeding 1000, and daily interest involved reaching about 5 million yuan. Why did a company that started to develop well gradually decline in just one year? What happened in the middle?

When Jin Libin was in his teens, he just caught up with the domestic reform and opening up. In order to earn more income, he started a stall business, mainly selling fruits, vegetables and other commodities. Later, by an accidental opportunity, Jin Libin obtained the agency right of the plum seed, which also became a turning point in his life.

With this business, Jin Libin's net income 10 million yuan. With sufficient financial support, he wanted to continue to expand the scale of development, so in 2006, he founded his own company-Fuhe Bean Industry.

Although Jin Libin's education level is not high, and he has never studied management and other professional knowledge, he has mastered a lot of business experience in the process of setting up stalls for many years, is very familiar with Baotou area, and makes full use of geographical advantages to develop industries.

Baotou is not only rich in steel and rare earth resources, but also has a large number of cattle and sheep in the territory. With this advantage, Jin Libin obtained the agency of Yili. One year after its establishment, the company was selected as one of the top 100 local companies, and its performance also showed an upward trend.

Jin Libin didn't stop there. On the basis of being a food agent, I began to March into industries such as bathing and supermarkets. It is undeniable that under his leadership, Huilong's popularity is getting higher and higher, and advertisements of its blessings and bean industry can be seen everywhere in Baotou.

Jin Libin is also worth 2.5 billion yuan, but it should be noted that while the company expands its development scale indefinitely, it also hides many crises.

After Jin Libin's first financing project was successfully launched in 2004, his business ambition began to expand day by day, and he even raised one billion yuan from the private sector through illegal fund-raising every year. This method can indeed promote the development of enterprises to a certain extent, but at the same time it also makes the company face huge debts.

Four years later, in 2008, Jin Libin planned to let the company go public, so he raised 500 million dollars in various ways and established related production bases. If it develops smoothly, this base can really make the company successfully listed in three years.

However, things did not develop according to Jin Libin's expectation. After the base was completed and put into operation on 20 10, it has been in a state of loss. In order to maintain the normal operation of the base, Jin Libin can only continuously invest assets in it. It is necessary to know that the base has already owed huge debts in the early construction process, and the company is facing tremendous financial pressure.

In order to save the company, Jin Libin began to raise funds illegally again. At that time, he claimed that if he borrowed less than100000, he could get two points of interest every month, and if he borrowed more than100000, he could get three points of interest every month, which was obviously higher than that of the bank.

Driven by the interests, many Baotou citizens participated in the loan operation, involving a wide range. Finally, after judgment, Huilong Company borrowed 2.224 billion yuan from 1.952 people or units, and its final debt reached 1.46 billion. It is also because of this incident that Jin Libin embarked on the road of suicide.