Knee-deep in debts amounting to 40 Million RMB due to failed business investments, Faye Wong’s (王菲) ex-husband, actor Li Yapeng (李亞鵬) is being pressed by the courts to make repayments!
Still Owes Hi Staff Wages
According to reports, Li Yapeng recently took to Weibo to provide updates on the status of his debt repayments. He admitted to being more than 40 Million Yuan in debts, and also owes many of his longtime workers their compensation wages. Sharing that his business had been struggling in the past few years, he added that he resorted to mass retrenchments began in 2022, and expressed gratitude towards his staff who allowed him to repay his debts bit by bit.
In his statement, the 51-year-old said, “Repaying my debts, and paying for my own mistakes is only right, there’s nothing more to add,” Li Yapeng stated that he has already settled on a repayment schedule with his creditors, and that the court sanctions were “merely a legal procedure”.
Admits to Being Overly Ambitious
Splurging 3.5 billion yuan to build a township through his company Lijiang Snow Mountain investments from years 2012 to 2015, he was later forced to sell the largely unsold villas off at under 2 hundred million yuan.
Admitting his previously unrealistic ambition, the actor poked fun at himself and invited netizens to tune in to his livestream broadcast “to see how a failed man looks”. Announcing that he would be peddling Pu’ Er tea, he added “There’s nothing that a cup of tea can’t resolve!” Leaving encouraging comments, netizens gave him the thumbs-up for recognizing his mistakes and hopes he can settle all outstanding debt soon.
Divorcing Faye Wong in 2013, Li later remarried Haiha Jinxi (海哈金喜), an ethnic minority who is 19 years his junior in 2022. The couple have a daughter, Li Xia, who is suspected to be suffering from a genetic disease. Reportedly living a frugal lifestyle due to the situation, it is said that Haiha Jinxi would mend tears in Li Yapeng’s trousers for 30 RMB instead of getting a new pair, and source for cheap shirts for her husband online which cost just 4.90 RMB.