When Henderson heard Cadfan sigh, he was also in agreement with him as he said, "Lord Schulz, there are too many hidden dark sides in the world overseas. There are many people aiding and abetting wicked deeds and crooks who are hidden amongst the honest folks."

"Moreover, it is easier to nurture and breed a powerful organization such as Ten Thousand Armies in these kinds of turbulent and messy places!"

"It's just that I really did not expect that the lord of Ten Thousand Armies would be so young. I really cannot imagine what kind of fate Porter Waldron has to be able to build up an organization that is so powerful such as Ten Thousand Armies in such a short period of time! It is simply impossible for any ordinary person to do it no matter what it is!"

Cadfan could not help but ask, "By the way, how is Ten Thousand Armies' financial strength?"

"It's also very strong!" Henderson said seriously, "This kind of mercenary organization has very strong profitability!"

After pausing for a moment, Henderson continued saying, "The revenue of Ten Thousand Armies is estimated to be at least hundreds of billions of US

dollars a year." "What?!" Cadfan was dumbfounded as he asked, "More than hundreds of billions of US dollars a year?! That's simply opening a money printing machine!"

Henderson explained, "Lord Schulz, a hundred billion US dollars might seem like a lot of money, but you should not forget that there are tens of thousands of mercenaries working for Ten Thousand Armies. These mercenaries are people who carry out dangerous tasks and risk their lives for their masters. So, their average salary is also very high."

"Even the most ordinary soldier would not do this kind of dangerous task or risk his life without getting a salary of tens of thousands of US dollars a year."

"As for the higher-level senior officers amongst the mercenaries, I think that their average annual salary should be at least three to four hundred thousand US dollars."

"The payroll for fifty thousand people alone would already amount to ten to twenty billion dollars a year."

"That is just the cost of the salary, and it is not inclusive of the cost of the base, training, meals, transportation, and also the costs of maintaining the weapons and equipment."

"The bigger portion of the costs is the weapons and ammunition. A single bullet costs a few dollars, a grenade costs a few hundred dollars, and an artillery shell costs thousands to tens of thousands of dollars. When they fight a war, they spend money even faster than printing cash."

"Moreover, reputation is very important for these topranking mercenary organizations. As soon as there are any casualties on the battlefield, they would have to be held accountable to the very end. If someone is injured, they would have to provide the person with a full set of medical treatment, and if someone was sacrificed, they would have to pay a substantial pension for the person's death."

As he spoke of this, Henderson then concluded, "I estimate that Ten Thousand Armies' annual net profit should be around ten billion US dollars."

Cadfan said emotionally, "Ten billion US dollars is already a very impressive sum of money! This group of people is constantly working in places outside the law, and they do not have to pay any taxes. So, all the money that they make belongs to them." 2

Henderson nodded and said, "As far

as I know, they are currently expanding wildly in the third world countries where there is perennial war, and they are currently preparing to build bases everywhere. The overall investment cost is estimated to be very high, but after they have successfully taken root in all these war-torn areas, they will definitely be able to increase their strength to another level." 2

Cadfan frowned and blurted out, "I really did not expect Porter Waldron to be so capable! He could actually build up such a strong and powerful

mercenary organization in a place outside the law where a person's most basic personal safety cannot even be guaranteed! It is really not that simple! I don't know how much more capable he is as compared to that simple-minded and reckless father of his!" 2

Henderson said in approval, "It

seems as though this person is indeed not that simple. Besides that, I can see that he is very grateful for the kindness that the eldest young master had shown to his family back then. So, Lord Schulz, ifyou can make good use of this opportunity, perhaps you might even be able to bring even more help to the Schulz family!"

Cadfan nodded in excitement and blurted out, "That's right! This is definitely a once-in-a-lifetime golden opportunity for the Schulz family!" 1

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