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Chapter 69 - Chapter 68: Investing

As the company's performance soared, so did Leon's net worth.

The sales momentum of Take Me to Church had naturally declined over time, which was expected.

The music industry updates and iterates at an astonishing speed, and listeners' tastes are becoming increasingly picky.

For a singer, having a work stay in the Billboard Top 50 for more than five weeks means a lifetime of financial security.

Under the Apocalypse label, Robbie and Cardi B, the two human money-printing machines, were still firing on all cylinders, making money for Leon day and night.

With ample funds, he simply had Aisha acquire Jones's fashion design studio in Los Angeles.

He really didn't have the extra energy to manage the clothing business. Leaving professional matters to professionals was the best choice.

After spending $200,000 to fully merge Jones's studio into the Evil Angel brand, his liquid assets still exceeded one million dollars.

Although this amount was enough to buy an apartment in Brooklyn Heights, it would only cover a pitiful one-bedroom, a "coffin home."

He wouldn't be like those nggas, throwing all his hard-earned money into sports car engines and women's asses.

"A kid from the slums suddenly having money becomes a problem too, doesn't it?"

Phil happened to be present when Aisha was reporting the company's revenue for the new week.

"If you don't know how to spend money, you can ask me. I can save you a lot of trouble in this regard."

Leon glanced at Phil. "You?"

"I already experienced what it was like to be a millionaire in the 90s... Making money in this circle back then was as easy as robbery."

Although Phil talked a big game, Leon didn't believe a single punctuation mark.

Ever since the old geezer made a fortune from him and Cardi, he felt like he had returned to the 90s.

Back when he was a star manager.

Not only was he always in a suit and tie, with his hair meticulously groomed with pomade wherever he went...

Even that battle-damaged Camaro was replaced by a brand-new Audi Q5.

If it were just splurging, it wouldn't be a big deal. The old geezer could extract tens of thousands of dollars from Cardi and Leon's commercial gigs every month.

Compared to that, this consumption was nothing.

What made Leon quite helpless was that this guy became obsessed with stock trading. Staring at the stock updates on his phone every day, his enthusiasm for playing with women had even decreased a lot.

Just like a fanatical gambler.

"Aren't stocks just a game for those capital crocodiles living on the Upper East Side? Throwing your little money in there is just asking to be harvested."

Phil responded disdainfully, "Man... I've been trading stocks since the 90s. I have the superpower to see through appearances to the essence!"

"I understand what those traders and big capital are thinking... I can smell the wind direction of the market!"

"No one knows stocks better than me!"

Phil acted as if he had been brainwashed. Leon knew he couldn't wake him up no matter what.

He could only remind him faintly, "Have you forgotten how you almost lost everything in 2000?"

"If you hadn't touched that stuff back then, maybe you wouldn't have gone bankrupt because of the divorce."

Phil was speechless for a moment, only able to lower his head in silence.

His thoughts were pulled back to the internet craze era 10 years ago.

In that era, Highway 101, which connected technology companies on both sides in Silicon Valley, was often jammed with traffic.

Going out to eat meant queuing for one or two hours; you couldn't find a parking space during lunch time; you couldn't book a hotel when traveling for business; a large number of millionaires were born every day...

All graduates hoped to found an internet company to realize the dream of financial freedom...

At that time, there was a saying circulating: "In the investment world, if you don't invest in internet companies, you will be abandoned by the tide of the times!"

Approaching the millennium, Phil was soaring at Epic Records. His friends always thought he would become the future helmsman of the company.

Therefore, even the entire future plan for Avril Lavigne, a heavyweight newcomer, was handed over to him.

At that time, Phil was infinitely glorious. Once a man has money, his backbone at home stiffens.

No matter how he messed around, his wife could only swallow her anger.

He even frantically hooked up with his sister-in-law right in front of his wife.

Such shameless behavior was ultimately the reason for his utter defeat in the divorce lawsuit.

All arrogance eventually led to bad results. He lost his shirt in the "dot-com bubble" of 2000.

And such a speculator wanted to teach him how to manage finances?

"Let's not mention stocks. Let's talk about something serious."

Phil's thoughts returned to reality. He lit a cigarette and said, "Speaking of investment, you should ask your big brother Jay-Z... This guy is like he was kissed by Lady Luck. He makes big money no matter what industry he invests in."

"I heard he recently invested two million dollars in an internet company called Uber."

Leon asked puzzledly, "Uber?"

Phil spread his hands. "I'm not too sure either... sounds like a small workshop in Silicon Valley..."

"Those bespectacled geeks graduating from MIT and Stanford... can easily circle hundreds of millions of dollars with a string of code."

"The situation now is exactly the same as ten years ago. It's just too damn crazy..."

Following Jay-Z to invest seemed like a good choice.

People around him, including Beyoncé and P. Diddy, had made big money following his investments.

The New York Lottery King never missed.

But the problem was that investing in the internet industry required a large sum of money and came with huge risks.

He wanted to invest part of his money to optimize asset allocation, not to increase risk.

"Forget about investing in the internet..."

The two chatted about investment for a long time without any result. Just then, Bonnie rushed in hurriedly.

Seeing Bonnie's nervous expression, Leon asked, "What's wrong? Did something happen?"

Phil revealed a lecherous smile, pulled Bonnie's hand, and sat her on the sofa. "Baby, don't be nervous. Old Phil will settle everything..."

"Take your damn hand away!" Bonnie glared fiercely at Phil and continued, "Have you seen today's Entertainment Weekly?"

Leon waved his hand and said, "I never pay attention to that stuff. Apart from boring gossip, it's just marketing articles."

Smack—

Bonnie threw a copy of Entertainment Weekly in front of Leon. "You should take a look now!"

Leon took the magazine doubtfully and glanced at it. In this most famous entertainment magazine in the US, the dirt on him occupied a full four pages.

Some of it was fairly true, but most were baseless malicious smears.

Stealing beggars' money in the slums of Brownsville;

Backstabbing his Black homies to become famous;

Having sexual relations with artists under his label;

Offering his girlfriend to Leonardo DiCaprio to help her climb the ladder in Hollywood...

When he saw the "crime" of beating his mother, Leon laughed out loud directly.

He didn't even have a mom.

Leon put down the magazine and leaned back in his swivel chair. "Just some gossip fabricated by unscrupulous paparazzi... this kind of thing is common in the entertainment industry."

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