Wednesday, December 8, 2010

[Video] Meet China's Newest Billionaire - E-Commerce China Dang Dang's (DANG) CEO 'Peggy' Yu Yu

America is still wonderful at creating almost instant wealth.  With the current market valuation of E-commerce China Dang Dang (DANG) at roughly $2.1 Billion, 'Peggy' YuYu's 43.7%ish stake gets her very close to 'instant billionaire' status.  Maybe by the end of the day or tomorrow morning.

Peggy shows up at 2:15 minute mark.

On a related note, I'm going to go start an online shoe store in China....1.3 billion chinese x 2 feet... gotta be worth at least $5 billion if an online bookstore is worth $2 billion+.  And I can run it from the Cayman Islands.

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