The Man in Power After Being Married into Her Family
Chapter 3949

Bernard shook his head dispiritedly, knowing full well he had no way to refute. "I ...I have no objections..."

Jasmine nodded again, smiling. "If that's the case, both parties have expressed the willingness to accept the contract on a fair term. You've agreed with the contract for the Rejuvenating Pill's purchase. Are you sure about this?" Bernard murmured with a dejected look," I'm sure... I agree."

"Okay," Jasmine smiled and continued," Additionally, I have two extra messages for Number 16 and everyone else present today." "First of all, every bidder doesn't have to worry about the purchase deal. This is only applicable to Mr. Bernard Arnault alone. Anyone else who wins the bid for the Rejuvenating Pill will not be charged any additional fees. As you've seen in the past four auctions for the quarter pills, we follow a strict and fair principle in the auction. The four bid winners didn't need to pay any additional fees. Everyone, please don't be worried about this!"

The audience immediately cheered upon hearing Jasmine's announcement. They were relieved that it was only targeted at Bernard, and were beside themselves with joy at his misfortune. They applauded and cheered in delight, leaving only Bernard with a sour face. Jasmine also added, "Secondly, we are different from other corporations who use a sales bundle deal in their sales policy. All the additional revenue from our sales bundle will be donated to charity." "We'll donate half of our profits to poverty-stricken areas of Oskia. It will be mainly used to solve the education problems regarding schooling children, adolescents, and out-of-school children. We will focus on the student's education, life, and health issues, including but not limited to sponsoring their school fees, living expenses, food, scholarship, and even medical fees."

"We'll also donate the rest to the orphanages and children's welfare institutions nationwide, with the objective to improve the living and education level of orphans."

"We'll publish our finances publicly and show where the funds are channeled. We welcome everyone's joint supervision of our charity effort!"

Her announcement stirred up the crowd again. They couldn't believe that the owner would be receiving thirty-six billion US dollars over ten years, and yet decided to donate all of them!

Was money not important to this man?

Not many listed groups with a market capitalization of a hundred billion US dollars would achieve this amount of net profit in ten years. However, the owner of the Rejuvenating Pill wasn't tempted by the money at all! Besides, everyone in the room was wealthy. They knew how charity worked.

Even if they were committed to their charity cause, there was no need to do it to such an extent!

The richest people in the world always seemed to be keen on donating to charity. They set up various kinds of charitable trust funds, and invested hundreds of millions or even billions of US dollars.

However, their real objective of setting up such charity trust funds was mainly for legal tax avoidance.

Billionaires often donated billions of US dollars to set up a charity fund, but it was

Their intended as a family trust

Their intention was to avoid the inheritance tax of up to fifty percent, so that they could leave more money for their descendants.

According to the tax system, a charity trust fund must use at least five percent of its funds for charity. The remaining ninety-five percent could operate as a family trust and be exempted from tax.

Therefore, the rich who did charity

actually donated only a small amount. The larger remaining portion was left to their families. Many of them also promised donate all of their assets after death. In reality, most used this method to transfer their wealth to their descendants.

The owner of Rejuvenating Pill planned to donate the entire thirty-six billion US dollars of profit he gained from the auction and

make it public. Its transparency net

would allow society at large to scrutinize everything, making it a real donation. He would donate everything and keep nothing for himself.

Indeed, that was a very bold move!