Alan Tam’s Wife to Become a Nun; Mistress Will Manage Alan’s $1 Billion HKD Assets?
Cantopop singer, Alan Tam (譚詠麟), has led a successful career in the entertainment industry and amassed a $1 billion HKD fortune. Though married to Sally Yeung (楊潔薇) for 30 years, the couple led separate lives after Alan became involved with mistress, Wendy Chu (朱咏婷). As Sally retreats into an increasingly isolated life at a local Buddhist temple, her marriage with Alan may finally come to an end.
Sally is known for her investment acumen, helping Alan grow his total assets to over $1 billion HKD. Besides investing in restaurants, bars, and the gemstone industry, Alan also owns ten luxurious properties in Hong Kong. Despite her unwavering loyalty, Sally was unable to conceive children. This prompted Alan to become involved with Wendy, who gave birth to Alan’s only child, Tam Hiu Fung (譚曉風).
Sally Requests for Divorce
As Alan has led a separate family life with Wendy for 20 years, Sally became broken-hearted and found solace through her devoted studies in Buddhism. Residing at a local Buddhist temple for years, the couple rarely speaks to each other.
An insider revealed, “The feelings Alan has for Sally are more of gratitude than romantic love. Alan feels that he has wronged Sally. That is why after so many years, Alan still allows Sally to have primary control over his assets.” Sally continued to help Alan invest his money, leading to a steady increase in the value of his assets.
After struggling for years, Sally finally wants to let go of her ties to Alan and file for divorce. With intentions of becoming a nun, Sally is expected to transfer Alan’s assets back to his control.
Wendy Will Manage Alan’s Finances
Although Alan continues to have high earning power, he does not manage his financial assets well. It is speculated that Alan will instead have Wendy manage his finances. The insider further revealed, “Wendy knew that sooner or later, Sally will follow through with her intentions of becoming a nun. She knows that she will eventually become the legitimate Mrs. Tam.”
Wendy has since been reported to be taking accounting lessons to prepare for her role as financial manager.
Alan Does Not Want Son to Join Entertainment Industry
Although Tam Hiu Fung inherited his father’s musical talents, Alan is hesitant on allowing his son to join the entertainment industry. Fearing the pressure of second-generation celebrities, Alan instead sent his son to study in England. The insider shared that not only is Tam Hiu Fung musically talented, he is also smart and filial. “Alan’s assets will eventually be under [Wendy andTam Hiu Fung]. As long as they are not spendthrift, it should be enough to take care of them for the rest of their lives.”
Alan Denounces Tabloid Report
Alan reacted strongly to the tabloid’s claims over his family life. Stating that the tabloid did not confirm any details prior to the publication of the news, Alan denounced the gossip in impacting his family, friends, and fans. He will follow up with legal action over the tabloid’s false report.
Note: This article was updated on January 9, 2015 at 1:10 p.m. to include Alan Tam’s response that the rumors are completely false.
This article is written by Huynh for JayneStars.com.