Du Xin of Xi 'an said: "It took me 10 years and 200 million yuan in tuition, and I finally got mature." Hainan's richest man rises and falls at 4 pm on March 18, a Passat drove into No.22, Sanxi Road along the Yangtze River in Haidian Island and stopped in front of an old building. A middle-aged man of medium height got off the bus, with a broad forehead, a square face and a lion's nose. The most common introductions to this man are: Du Xin, Xi 'an, 196 1 born, the youngest billionaire in China, with assets of 500 million yuan. This statement first came from an American magazine named Forbes. On the 19 rich list, Xian ranked third with 1994. Now the ranking of this magazine is well known to the rich and those who want to become rich in China-despite the love-hate relationship-but I believe it is no longer relevant. It has been an unusual decade for Xi 'an. The story of Hainan's richest man has been told in many-hued after people's chewing after a meal and the precipitation of time. He said: "I spent at least 200 million yuan on tuition." No one can really feel the ups and downs in his heart, nor can he clearly express all kinds of emotions. The ups and downs of big waves and sand scouring occurred in Hainan Island. At the end of the 20th century, scenes of wealth scripts were created and staged on this 34,000-square-kilometer island. Thanks to1April, 1988, Hainan was established as the largest special economic zone in China. It was a big era that was later called a bubble. Tens of billions of hot money have flowed into Hainan, and real estate has inadvertently become a shortcut for people to complete their original accumulation. Xian's prosperity is closely related to a place called Xihe West Road, and his decline also started from Xihe West Road. This is an unknown place in Hainan Island. It is located in the south of Sanya. Now it is a lively commercial residential area, with people coming and going. But in 1989, there are weeds and rubbish everywhere, and the locals call it "smelly beach". This spring, the Sanya municipal government decided to open the first comprehensive development zone here and invite public bidding. Xi 'an seized this opportunity. He cooperated with two other companies and bought 250 acres of land on Xihe West Road. In the summer of 1989, two companies that cooperated with Xian offered to withdraw their shares. Xi 'an spent more than 4 million yuan to buy their shares and became the owner of this land. Since then, Xian has established his own real estate company, Real Estate Development Company. With the land as collateral, Xi 'an borrowed180,000 yuan from the bank to build a river bank and roads on Xihe West Road, and reclaimed more than 6 million square meters. 1992, after Deng Xiaoping's southern tour, Hainan Island entered the climax of real estate development. The land in Xi 'an appreciated greatly, and he began to calculate a lot of money. The model of Xihe West Road is very simple: buying land, initial development and changing hands. This has become the basic routine for Faxian to get rich in the future. By 1994, Xian owned more than 4,000 mu of land in Hainan Province, which became his main asset. At that time, his assets were more than 500 million. When the country began to tighten monetary policy in the second half of 1993 and the real estate bubble was about to burst, Xian was convinced that he could not escape. Other real estate tycoons, such as Pan Shiyi, have retired one after another, but Xian's ambition has just begun. Xian established a group company and set up many branches with only one business: real estate. From the second half of 1994, Hainan entered the era of sequela of real estate bubble. There are more than 50 billion funds in real estate projects in Hainan Island, which have contributed a part. After that, Xian began a long silence. A gullible person. Those who fail in the analysis say that the investment project is single. "Even if he invests in some other projects casually, it won't be so miserable." Wu Yiren, vice president of Xi 'an Jiaotong University, said. Wu started tracking Xian from 1992, and has been tracking Xian since today. The situation is not so simple. Xian/kloc-joined the gold rush at the age of 0/7. At the age of 28, he has assets of more than 2 million yuan. Xian's money comes from simple selling activities-selling vermicelli, medicinal materials and cattle-and small-scale engineering construction: opening electroplating factories, timber factories, glass factories, plastic factories and so on. During this period, he went to prison and was detained for more than 40 days. The reason is that precious Chinese medicines from Hainan are illegally sold to Hunan and Hubei. The story he told repeatedly after he developed also happened in this period. At the beginning of 1980, Xian, who had dropped out of school, borrowed 1000 yuan from relatives and friends in the neighborhood, bought five tons of fans in Henan and shipped them back to Hainan for sale, but the fans were adulterated, and the transportation was not timely, and all his money was lost. Xian thinks that the real reason for his failure is "being cheated": 1992, a Malaysian businessman came to Hainan on behalf of a British bank to discuss cooperation with Xian, and * * * cooperated with him to develop Xihe West Road. At that time, all the senior officials in Hainan Province basically met the businessman. Xi 'an put down other projects, including two three-star hotels that have already started construction. But the Malaysians cheated him, wrote two fake checks and took 4 million dollars. Almost at the same time, an accountant in Xi 'an stole 4 million yuan from himself for the project of a16th floor hotel in Sanya. The cheated thing happened many times when he started his second business. 1996, the group cooperated with a company named Chen to develop technology and capital, and established an anti-counterfeiting technology company in Hainan. Subsequently, the company took the lead in launching the "Code Telephone Anti-counterfeiting System Project" in China. When money waved to Xi 'an again, disaster suddenly came. Xian's brother is responsible for building an engineering project for him. The construction team bought him off with a little money and signed a debt agreement, * * * 8 million, but in fact, Xian has already paid the project cost. Subsequently, the engineering team sued, and Xian's equity in the anti-counterfeiting company was seized by the court. At the same time, another potential travel network company, Xi 'an, was seized by the court. Xi 'an invested more than 3 million yuan 1995. In the past year, more than 370 star-rated hotels in China have been connected to the Internet, and their business is on the rise. More than 400 square meters of office buildings and corresponding equipment were auctioned by the court. Although he has repeatedly said that he likes reading very much, the fact is that his formal education is the first year of high school. To a certain extent, this determines his judgment on the market and affects his management of the enterprise. The sworn brothers of the rich are dragons in their heyday. In the decision-making meetings, besides Mandarin and Hainan dialect, there will also be a dialect: Li dialect. This is not the language of Li people, but refers to the dialects of Longtang, Longqiao and Shizilu towns in Qiongshan county, Changliu town in Haikou city and Lingao county. Longteng's senior managers are mostly from the first three towns, and they often communicate in "hometown dialect". These senior fellow villagers are similar to his experience: they were born in poverty, with low education and started a small business. Xi' an gives these brothers a lot of power, and the finances of each branch are in their own hands. During the period from 1992 to 1993, Xian asked his senior executives to entertain all kinds of people with the company's money every day. The reception expenses in that year exceeded100000 yuan. Xian said that at least half of them were "corrupted" by their brothers. Not only that, Xian's senior management also divided up his property in various ways: the boss of Tongshi branch "borrowed" 1 10,000 yuan, and the accountant of another company took away 3 million yuan to build a house. Xian is a homesick person. He participated in the public welfare undertakings in the village-building ancestral temples and schools. "But he should not bring this kind of human feelings into the enterprise." Wu Yiren criticized. Wu is a native of Zhanjiang, Guangdong Province, and graduated from the Philosophy Department of Sun Yat-sen University. On March 25th, in another interview with reporters, Xian was holding a stall book "Chiang Kai-shek and His sworn brothers". When he was prosperous, his brothers flocked to him, and when he was frustrated, they left one after another, even hitting people when they were down. Xian said that this is human nature. "I can't protect myself. I can't blame others for finding a way out. " Xian said. The change in Xi 'an is also reflected in the decoration of the office: concise and refreshing, and more importantly, there is no group photo with leaders at all levels. When Xian was ready to start this year, those old men got wind of it, except for a few who were still in middle-level positions, they were all rejected. Liu Yonghao and Zhang Hongwei, who ranked first and second in the mainland rich list with Xi 'an 1994, distanced themselves from Mercedes-Benz when it was still stumbling for a breakthrough. On May 8, 200 18, Xian, who seldom wrote anything, wrote a book of introspection: "1993, the three of us stepped onto the political stage at the same time and became CPPCC members. Enterprises in Liu Yonghao and Zhang Hongwei have been restructured and listed, and the capital of the two groups has expanded to several billion. However, Longteng has developed in recent years. Xian blamed himself: "For a private entrepreneur, without strong capital scale and strong economic strength, dazzling social status and many auras will lose their representativeness." Xian explained this self-reproach with practical actions: in 2004, he stopped participating in the election of members of Chinese People's Political Consultative Conference. Before that, he had been awarded this title for 10 years. On the first day of New Year's Day in 2003, three guests came to Xian's home-the secretary, district head and director of the National People's Congress of Longhua District, Haikou City, who are the parents of Xian's hometown-and invited him to participate in the construction of his hometown. In September of that year, Hainan Longhua Development Co., Ltd. was established with a registered capital of100,000 yuan. Longhua District Government of Haikou City holds 565.438+0%, and Xianxin Company holds 40%. The rest of the shares are held by his relatives and three friends. Xian served as the legal representative and chairman. The company's business focuses on infrastructure construction in Longhua District and investment promotion in the development zone. This is your chance to make a comeback. In front of Xi 'an, there have been no less than 2 billion yuan of projects, such as the renovation of Yusha Village in Haikou City, the construction of Longqiao Comprehensive Development Zone, and Gaopo Green Food and Drug Pioneer Park. The biggest problem of his venture this time is the source of funds. In addition to the real estate project in Hengyang, Hunan, which he is dealing with, he may recover 30 to 40 million yuan, and some original business partners will join, and the money mainly comes from the bank. After nearly a year of communication with banks, several state-owned commercial banks have initially determined their loan intentions. Xian believes that the bank can get a loan, because the project in his hand meets the requirements of bank investment. In fact, more importantly, this is an enterprise with a government background. After ten years of ups and downs, 43-year-old Xian thinks he has matured. On March 9, 2004, Xi 'an began to recruit people and start over. No one doubts that he will be brilliant again, the key is when. What supported him was a simple story: after a Hong Kong rich man went bankrupt, the bank took back his assets, and he wanted to get back his mount-Mercedes. The other party said that Mercedes-Benz is a successful person, and you are no longer worthy! Xian's first Mercedes-Benz sold a Toyota on 1996, and his second Mercedes-Benz 500 was sold on 1998. "After two years at most, I will buy the car back. "He wants to prove his comeback. Outside the window, cars passed by one after another. In the mist, Xianxin's Mercedes is still on the road.