Home Entertainment Cinema & TV The reason why many Hong Kong artists fell into bankruptcy and debt

The reason why many Hong Kong artists fell into bankruptcy and debt

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Misinvestment, wasteful spending and financial pressure for relatives have made many stars difficult.

On April 12, HK01 reported Han Quan Dinh, Miss Asia (ATV) in 1997, filed for bankruptcy to the court when he could no longer pay his debts.

Before Han Quan Dinh, there was no shortage of artists in the Hong Kong entertainment industry for many different reasons, but fell into deep debt, had to declare bankruptcy despite owning millions of dollars.

Pepper is insatiable

In its heyday, Hong Kong showbiz was considered to be the top entertainment industry. According to the OnThe slightly well-known B-class artist now also received a remuneration of more than $ 15,000. This figure for A star will be 3-5 times higher.

Therefore, many celebrities and amateurs after only a few works have accumulated a large amount of money, even becoming a giant of showbiz. However, many people also quickly get bogged down when suddenly holding a large amount of money.

They use all the money they earn to satisfy personal needs such as buying super cars, expensive clothes, luxury mansions or burning money on silver mats. Even, they are willing to use their money to “serve” the interests of friends or relatives. Unfortunately, this has pushed many artists into misery.

Chung Zhen Dao fell into a blank situation, partly because of Zhang Xiaohi’s wasteful spending habits. Photo: HK01.

Born in 1953, Chung Zhen Dao is a famous singer-actor of Hong Kong. He has known fans through many films such as God of Great Hiep 2006, East Achievement of Western Achievement, Goodness of the Heart, Shanghai Night, Martial Arts Center, Golden Gem …

A successful career, Chung Tran Dao once owned a fortune of 20 million USD, is one of the richest singers in Hong Kong. However, his legacy slowly wears his hat away after marrying poor-language actress Zhang Xiaoyu.

Dilettante God Condor for my wife is very generous, let her spend money freely. Zhang Xiaohui can spend more than $ 50,000 a month to buy luxury items from clothes to jewelry. Because of his wife’s lavish habits, Chung Tran Dao, even if he works hard, is not enough to pay.

Add to that the collapse of Hong Kong real estate that caused the male singer to declare bankruptcy in 2002 with a debt of 32 million USD. After that, Chung Zhen Dao was humiliated to discover that Zhang Xiaohui had an affair with another rich man. Until 4 years later, he did not pay off his debt.

Meanwhile, some stars “grill” millions of dollars just because of gambling. A typical case is Ngo Khai Hoa.

Ngo Khai Hoa defaulted on gambling. Photo: Sina.

Resounding success of Ỷ Thien Do Long signed TVB version brought Ngo Khai Hoa’s name to fame throughout Asia, becoming the classic Truong Vo Ky on screen.

However, Ngo Khai Hoa quickly became exhausted when he spent more money than he earned. According to the Sina, the actor is a gambling addict. He used to devour his fortune in casinos, debts piled up. In recent years, due to a slump in his career, Ngo Khai Hoa has to spend frugally to have enough money to support his daughter.

When she was born, she was also addicted to gambling because of her gambling addiction, she had to live on social benefits. In 2007, the media took pictures of Lam Khiet Anh going to Macau for gambling.

Just over 2 hours, beautiful beauty burned 13,000 USD once in a while. After losing, Lam Khiet Anh ran to a nearby ATM to withdraw all his money and play again.

Wrong investment

According to the HK01Another factor that contributes to many stars who do not play badly but still go bankrupt is their poor investment ability.

In the Chinese showbiz, most artists, when they earn their wealth, are conscious of having to invest their left-hand jobs to maintain their income after the glorious time or retirement. However, the lack of expertise and market acumen makes them easy to lose money and quickly run out of money.

Tran Bach Tuong is a typical case in wrong investment. According to the HK01He is the most famous record-setting celebrity with the most number of bankruptcy declarations in Chinese showbiz.

The Hong Kong star 4 times went bankrupt because of a business failure. Photo: Weibo.

Dilettante Ba Ho Street, Thu Huong point each went through 4 times of bankruptcy, of which up to 3 times of business failure. In 2015, he and his wife were even asked by creditors to put up a banner to repay the amount of more than $ 3.2 million in front of TVB headquarters.

In the years 1980-1990, Trinh Tac Si was the highest paid comedian in Cang Thom. He owns a huge fortune with a series of real estate, expensive super cars.

In 1993, Trinh and a few friends contributed capital to open a film company with the ambition to produce classics and hit hits. The film company is losing money, debt piled up after only a short time in business. Not only the wealth that has been accumulated for a lifetime, the actor himself also carries an additional debt of up to $ 2.5 million.

From the top star, Trinh fell to the bottom of the abyss. Even, he also accepted to act in level 3 to quickly pay the debt. For more than 10 years, the actor has so far paid off his debt and has stabilized his life with his wife and two children.

Meanwhile, Bat Mesopotamia was again wiped out by a storm of financial crisis in 1997. Not only a moment of nothing, his first wife, holding his arm, left home, leaving the young child behind for the actor to nurture.

Trinh Tac Si (left) and Bat Liang Kim were empty-handed because their investment failed. Photo: Sohu.

Before entering the artistic path, the male artist was the boss of a small-scale company. The will to advance plus the money to earn a lot of money, in the golden age, Bat Luong Kim owns a fortune of tens of millions of HKD, 9-storey villa and many luxury cars.

The troubled life makes the male artist many times think about suicide, but gave up because he was afraid that the child was orphaned. Later, he had to throw away his dignity, switch to high school film to earn money to support his son.

Family burden

Interview OnHan Quan Dinh said she faced a pile of debts after spending money to cure her biological mother with thyroid disease and end-stage lung cancer. The day her mother passed away, treatment costs reached $ 51,000, exceeding the ability to be responsible for Miss ATV 1997.

Years later, the actress worked hard, lived frugally to pay off the debt with 350 USD / month. To date, the remaining amount is more than 25,000 USD. Recently, due to the epidemic situation and unfavorable business, Han Quan Dinh has no income.

On HK01She admitted she was in a dead end. For the past two years, the beauty has had to live in the home of actor Thai Quoc Uy, fasted breakfast and dare not buy new clothes.

Han Quan Dinh shed tears when he talked about the current difficult situation with reporter On. Photo: On.

Former Miss Asia revealed many friends in the world when she saw her situation offered to help, but the beauty refused. “I appreciate and firmly believe in life in front of people’s hearts. However, I do not want them to be harassed by financial companies,” said the female artist.

After the interview, following Han Quan Dinh’s footsteps, the reporter saw her go to the market to buy food and cook. However, after a while considering the price, in the end, Han Quan Dinh quietly left empty-handed. The exhausting situation, unable to worry about the three meals of Hong Kong’s famous pink ball, once made the audience sour.

Family robbed of relatives

Luu Gia Huy was born in 1955, was once a famous martial arts star in Hong Kong. Throughout his artistic career, the actor is remembered by the audience for his role as Kim Falun King God of goodness 1995Niu Ma Vuong in Journey to the west, Chan in Ỷ Thien Do Long signed 2000, Ta Kiem Tien in Tien earned the third half.

His life suddenly turned tragic after the illness in 2011. This event also started the series of days that caused him both physical and mental suffering.

For many years, Luu Gia Huy relied on the financial support of close friends. Photo: Sina.

After he fell ill, his second wife, Ma Fei Phung, and two children plotted to rob the estate, pushing Liu Gia Huy to a nursing home. The oldest son colluded with his former assistant secretly scammed more than $ 230,000 of his film fees.

The incident caused the actor to fall into a needy situation, without money to pay the hospital fees. Luu Gia Huy has to sell the only house he lives in for medical treatment. Since then, he has relied on the care of nursing home staff and close friends.