Chilling! Leather King Wang Min: He was sent to a mental hospital by his parents, what happened next?

"We are born from the same roots, so why rush to fight each other?" This is the "Seven-Step Poem" written by Cao Zhi during the Western Han Dynasty. It was used to advise brothers not to harm each other.

Brothers are all blood relatives, which is the warmest bond in our world. But in real life, there are still things where brothers hurt each other, which is incredible.

Wenzhou leather king Wang Min established a huge family business at a young age and took his brothers and sisters to develop together. Unexpectedly, in order to compete for property shares, Wang Min's parents sent him to a mental hospital, and his brothers and sisters transferred hundreds of millions of properties to their own names.

Brothers, parents and children, for the sake of money, can actually ignore family ties, which is shocking.

Early Entrepreneurship

In 1966, Wang Min was born in Wenzhou, Zhejiang, a good place to get rich and do business. He is the third eldest child in his family, with an older brother and sister and two younger brothers. Wang Min dropped out of school just after finishing junior high school. After dropping out of school, he worked as a photographer for a local television station.

In the early 1990s, it was a great opportunity for reform and opening up. The country encouraged the private economy. Wang Min, who was flexible, resigned from the TV station, took out loans to purchase several cameras and processors, and opened an advertising company. There are many corporate manufacturers in Wenzhou. Wang Min's advertising company handles all the business and can earn more than 200,000 yuan a year.

Wang Min became the earliest and most profitable person among the brothers and sisters. At that time, Wang Min was not yet married and was still living with his family, so all the money he earned was handed over to his parents for safekeeping.

Wang Min’s parents are ordinary workers and their income is not high, but they actually bought a house for their eldest son in full. It is obvious where the money came from, but because they are all brothers, , Wang Min did not go into details, and still lived in two houses in his hometown in Pingyang Town with his two younger brothers.

It can be said that at the beginning of his business, Wang Min contributed his income to the family and his brothers and sisters.

After setbacks, he finally became a leather king

In 1994, Wang Min saw business opportunities in the leather business and decided to invest in the leather industry. All my savings were with my parents, so I explained my idea to my parents and hoped to take some of the money away. Unexpectedly, his parents were unwilling to spend money to support him.

In desperation, Wang Min had to give his advertising company and all his savings to his father. He hoped to use these to repay his parents for their upbringing, and start over by himself, starting from scratch, so that he would not need to start his own business in the future. Parents get involved again.

Wang Min left Wenzhou and came to Guangzhou with his wife. At that time, his wife Lin Bingzhen was working in a credit union. Through loans, he gradually started a leather business. After searching around, he got some orders. Just like his name, Wang Min is very smart, visionary and business savvy.

In 1995, with the unremitting efforts of the couple, Far East Leather Company was established. After making some money, Wang Min gradually expanded his business. At its peak, 13 companies were developed, and 60% of China's pigskin import and export business was taken over by Far East Leather Company. Wang Min became the well-deserved leather king.

After his career developed, his brothers and sisters who had exploited him but not supported him came to visit him again. After all, they are brothers and sisters, and blood is thicker than water, so Wang Min only retained shares in the company. He owns 30% of the company. Except for his brother who is a civil servant and cannot hold shares, the rest of his family members have all received shares.

Wang Min’s approach can be regarded as the most benevolent. When he started his business, no one paid attention to him, but after he achieved some success, everyone wanted a piece of the pie.

Family betrayal is terrible, homelessness is heartbreaking

After 2000, Wang Min’s leather business developed even more prosperously, with family assets reaching hundreds of millions of yuan, and pig leather far more Sold to more than 60 countries in the world. Wang Min set up the company's headquarters in Guangzhou and managed it himself. Several subsidiaries were set up in Wenzhou and were managed by his brothers and sisters.

Wang Min’s Far East Leather Company is a family-owned company with a great deal of arbitrariness, and its finances and management are neither open nor transparent. After contacting some other companies, Wang Min noticed some shortcomings of his own company and decided to hire some senior executives to manage the company.

But this move touched the cake of Wang Min's brothers and sisters. They were unwilling to accept financial openness and transparency and did not cooperate with their work. Soon, the senior executives hired by Wang Min had to resign in anger. Wang Min felt very helpless, but there was nothing he could do. Little did they know that the brothers and sisters had been dissatisfied with Wang Min ever since.

Fourteen years ago, Wang Min discovered that a subsidiary in Wenzhou had financial problems. When he went back to investigate, he discovered that his ID card had been forged, and that the five subsidiaries in Wenzhou should have belonged to Wang Min's shares were secretly transferred to the names of his brothers and sisters.

The annual import and export volume of these five companies reaches 1.2 billion yuan, which means that all 1.2 billion yuan is transferred to Wang Min's brothers and sisters every year. Such a large transfer of funds was no small matter. Wang Min was shocked and decided to call the police. However, due to the pleading of his parents, brothers and sisters, Wang Min had no choice but to withdraw the lawsuit from the Public Security Bureau and return to Guangzhou.

He thought that the brothers and sisters had sincerely repented, but he did not expect that they were plotting a bigger conspiracy.

Shortly after returning to Guangzhou, Wang Min's brothers and sisters deceived Wang Min into returning to his hometown in Wenzhou. As soon as he entered the house, several burly men held Wang Min down. Under the guidance of his family, Wang Min was sent to Psychiatric hospital.

Accompanied by Wang Min’s mother, Wang Min was diagnosed with “bipolar affective disorder.” Wang Min’s father said that his son suffered from mental illness due to excessive pressure from many years of entrepreneurship. The reason why his parents described Wang Min as mentally ill was actually to make Wang Min care for everyone, stop suing his brothers and sisters, and also allow his brothers and sisters to divide his property.

It is really heartbreaking for parents to do this. In desperation, Wang Min finally found an opportunity to contact his wife who was far away in Guangzhou. His wife came with people to rescue Wang Min. A person who is related by blood is actually not as good as a person who is not related by blood.

Family internal strife has stalled the company

After encountering these things, Wang Min was disheartened. The world he had worked so hard to build was suddenly destroyed by his parents, brothers and sisters. Occupy.

Wang Min no longer trusted his relatives. He sued his parents, brothers and sisters for illegally forging his ID card

and signing his signature to transfer property. Because it is a family business, many verbal agreements in the past have no legal effect, so the lawsuit is very complicated and has never been resolved.

The lawsuit has been going on for many years without any results. Serious family strife has brought down the entire company. The glory of Far East Leather Company is no longer good, and the sales volume is also declining year by year. The surrounding industries of the same type are developing rapidly, but Far East Leather Company is still stagnant.

Wang Min's tragedy is sad. Family love is not always warm. Sometimes it can become a kind of moral kidnapping.