As the Big Sister in the Hong Kong music scene, Joey Yung has been a favorite among the large brand names and advertising companies over the 12 years since she debuted. Her income will only increase and not decrease. Also, Joey's mother directed her well in the field of investments, allowing her to silently become a young female millionaire. It is estimated that Joey net worth is nearly HK$300 million. Since Joey Yung debuted with her single Unknown (未知) in 1999, she has developed smoothly in the current over the 12 years. Shortly after her debut, she had already become the Queen of Pop locally (in HK) and had been accepting jobs after jobs. Despite denying long before of the millionaire rumors, Joey's nickname as 'The Young Rich Lady' is actually completely a fact. According to the data collected by [Mingpao], does this Pop Queen only have HK$100 million? In fact, she currently owns 8 luxury homes (units) with market prices reaching HK$200 million. Also, with her mutual funds, other investments and income, it is estimated her net worth is already nearing HK$300 million.
Joey revealed before through interviews that she hands over all of the money she had ever earned to her mother to manage and invest, she only takes a thousand dollars each month and does not spend it at all. She also praised her mother's good direction on investments. She believes buying a 'brick' is the most stable form of investment, so over the many years, she mainly focuses on buying properties and then renting them out. She only purchases small amounts of stocks to be used as her pensions in the future. As such, after several years of investing in the real estate market, Joey and her mother probably have over 8 units under their name.
As far as these 8 units, the majority of them are located in the Hong Kong Island district with a high potential of appreciation, the housing prices in that area will just increase and won't decrease.
Aside from properties, Joey also buys some mutual funds as her long-term investment. Since both she and her mother are extreme prudent investors, they will only buy the stable blue chip stocks (reliable/profitable). It is believed their total value is over HK$3 million.
Since Joey's debut, she has been a favorite among the big brand names and advertisers. Just this year, she already did 7 advertisements and earned an average of HK$3 million for each endorsement. Her total income from shooting advertisements is approximately HK$2.5 million. As for attending shopping mall events and other functions, she was offered so many jobs that she couldn't even keep up. In Mainland, she is offered an average of HK$500,000 per show that she attends and each year she takes part in at least 20 shows. Also, for local (HK) public appearances, she makes at least HK$300,000 per show. On top of all that, Joey also earns bonuses from her concert tours and music albums. A conservative estimate for her income this year is probably about HK$6 million! [Mingpao] contacted Joey about her net worth, her company EEG and herself expressed they have no comment.
Source: Mingpao
Translated by: aZnangel @ AsianEU Forum
