Stephen Chow Dominates as $1.5 Billion Real Estate King
Posted 05 April 2007 - 12:06 PM
Many artists have made large profits through their real estate investments, but Stephen Chow Sing Chi stands out as the one with the best acumen, amassing a large fortune!
A conservative estimate shows that Stephen is worth at least one billion dollars (HKD)!
Joey Yung Cho Yi, Charlene Choi, and Michelle Reis Lee Ka Yan have also increased their net worth through real estate investments. On the other hand, Kenix Kwok, Frankie Lam, Faye Wong, and Andy Hui Chi On have suffered large losses.
Since the 1990's, Stephen preferred to buy real estate properties rather than stocks. Stephen purchased malls and commercial buildings, turning them around and collecting rent or re-selling at higher prices.
With the current investment of 3 large projects, Stephen's net worth was valued at $1.5 billion (HKD).
In 2004, Stephen purchased a $300 million (HKD) property and converted it to a 4 apartment building, currently valued at over $920 million (HKD). At the same time, he bought a 3 level commercial property and turned it into a $300 million (HKD) asset, becoming the talk of the town! Later, he bought a property at $50 million (HKD), increasing its worth to $97 million (HKD).
With the assistance of girlfriend, Yu Wenfeng, Stephen rarely made poor investment choices. It appears he makes a large profit with each real estate purchase!
However there are artists who have lost a significant amount of money in real estate.
Kenix Kwok & Frankie Lam
Kenix Kwok and Frankie Lam are well-known for their interest in real estate investment. Last year, the couple purchased a 4 apartment building in West Kowloon. Kenix normally had a keen sense of investment, however the couple was unsuccessful in re-selling their last real estate investment. Luckily, their financial situation was not severely impacted.
In the name of love, the normally spontaneous Faye Wong decided to move from Hong Kong to Beijing several years ago. Faye quickly sold all her assets in Hong Kong, suffering a loss of $30 million (HKD).
Andy Hui Chi On
At the peak of the real estate boom, Andy Hui bought a property at $15 million (HKD), which later dropped in value to $7 million (HKD). Also, another property Andy bought in 2000 caused him to lose $600k (HKD).
It's sad to see that along with Andy's declining popularity, his investment choices also suffered large losses!
Posted 05 April 2007 - 01:33 PM
feel bad for andy hui thats alot of money he lost but i guess he will get it back when he release another cd =P
Posted 05 April 2007 - 02:51 PM
Posted 05 April 2007 - 04:17 PM
Stephen has done quite well for himself, but he would have also started early and reaped a lot more money during his prime years appearing in endless films
Posted 05 April 2007 - 04:29 PM
Stephen Chow is pretty good, investor, actor and director.. too rich
Posted 05 April 2007 - 04:49 PM
Posted 05 April 2007 - 05:36 PM
Posted 05 April 2007 - 08:03 PM
Posted 05 April 2007 - 08:31 PM
Posted 06 April 2007 - 01:41 AM
Posted 06 April 2007 - 02:10 AM
Is he not acting in any movies anymore?
I think he do not need to act anymore since his profit is so good.
Posted 06 April 2007 - 03:56 AM
Posted 06 April 2007 - 04:14 PM
You can gain alot of money or lose alot
Quite risky.. but then again Investments / Bets / Gambling have always been risky..
Posted 06 April 2007 - 05:02 PM
Posted 06 April 2007 - 06:19 PM