Actor Kent Cheng disclosed that he once incurred a debt of HK$17 million (US$2.19 million), which compelled him to sell his possessions, including his car and home.
Hong Kong actor Kent Cheng. Photo from Cheng’s Weibo |
The Star reported that this financial burden stemmed from a string of poor investments back in 1993.
At the height of his career, Cheng and friends entered the film production business by co-founding a production firm. Unfortunately, due to poor management, this venture led to significant losses, resulting in a profound financial crisis for Cheng. The severity of his financial situation forced him to make drastic adjustments, such as selling his car and home and relocating to a low-income neighborhood, where he lived for more than 10 years.
During these difficult times, Cheng found himself largely unsupported by many of his friends. Hong Kong superstar Andy Lau was an exception, not only providing financial assistance but also helping him find opportunities to revive his career. In 2007, Lau involved Cheng in the production of the movie “Brothers,” which played a crucial role in Cheng’s professional comeback.
In an interview with Taiwan’s TVBS NewsCheng expressed deep appreciation for Lau’s generosity, saying: “I will never forget Andy’s kindness for the rest of my life.”
“How many people in the film industry truly help others? I never expected Andy to help someone like me.”
Now, although Cheng has resolved his financial issues and revitalized his career, he is facing new challenges as his wife undergoes treatment for a severe illness, leading to high medical costs. This situation has prompted him to accept more acting roles to manage the financial burden.
Cheng, 73, started his acting career with the 1976 series “Hotel” and has since been involved in many significant films such as “When Lanes Merge,” “The White Storm 2: Drug Lords,” and “Ip Man 4.” He has won two Best Actor awards at the Hong Kong Film Awards.
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