6 Actors Who Were In Huge Debt
Everyone goes through losses and gains throughout their lives, but it’s still a surprise to see these big stars having debts so huge that it took them years to repay it all.
Kent Cheng (鄭則仕)
The veteran actor is a huge TV star and a two-time Hong Kong Film Award Best Actor, but behind the glory of a successful actor is a man who used to owe millions upon millions of debt. His investment company tanked, forcing Kent to sell his own personal assets. It took him four years to be completely debt free.
Jacky Wu (吳宗憲)
After a failed investment on a LED business, the Taiwanese variety king sold his record company Alfa Music, which also included Jay Chou (周杰倫) at the time, for NT$300 million. Despite his continued success, the accomplished variety show host took 6 years to pay back all the debt that he had accrued.
Dicky Cheung (張衛健)
On the Chinese program I’m Speaker <我是演說家>, Dicky shared that he almost had to file for bankruptcy during the 1997 Asian financial crisis. Dicky purchased a new flat at the time, but did not have the appropriate funds. Two weeks before the loan term was due, Andy Lau (劉德華) offered a helping hand, and helped him pay out the loans. Dicky said, “That’s when I learned that if you have the knowledge, teach it to others. If you have the money, give some to others.”
Kenny Bee (鍾鎮濤)
The Wynners singer had a very lavish lifestyle prior to his divorce from Teresa Cheung (章小蕙). In 1997, the couple loaned money to purchase a luxury apartment in Repulse Bay, but after the financial crisis, the couple were forced out of the home and was HK$250 million in debt. Kenny had no choice but to file for bankruptcy. For his children to live a comfortable life, Kenny accepted every job that came his way, and lived in with his now-wife, Fan-chiang Su-chen (范姜素貞).
Edmond Leung (梁漢文)
In the early 2000’s, Edmond succumbed to huge financial burdens after losing money in stocks. In addition to his mother’s hospital bills, Edmond had to borrow a huge amount of loans and sell his home. Fortunately, Edmond’s close friends Dicky Cheung (張衛健) and Andy Hui (許志安) were around to help. Edmond was able to pay his friends back after four years, totaling seven figures.
Patrick Tse (謝賢)
It’s been said that Patrick Tse’s investment failures and business debts were the reason why his son, Nicholas Tse (謝霆鋒), debuted at the early age of 16 and was put under a 10-year contract with EEG. Fortunately, Nicholas’s debut in the entertainment industry was a success, becoming a popular idol across music and acting scenes. Nicholas is now a successful entrepreneur, as well as a popular TV chef and critic.
This article is written by Addy for JayneStars.com.