Skip to main content

Zhao Wei: So Young So Successful - And A Billionaire!




It's fantastic that Chinese actress/director/singer Zhao Wei, about whom I blogged repeatedly in 2013, is now a billionaire, according to Forbes. 

Her directorial debut, So Young, about a group of college students, was a huge success, earning $118 million in mainland China alone and making it the fifth highest grossing Chinese movie of all time when released. 

(I wrote about the film's opening week success in a post titled Zhao Wei's So Young So Successful In China. I also posted video of Zhao Wei on the set of her directorial debut, So Young.) 




As Forbes reports, it is Zhao's shrewd investments, as much as her huge success across many fields of entertainment, that have earned her the nickname, "China's show-business Buffet."

In particular, Zhao acquired a 9.18% stake in her close friend Jack Ma's company Alibaba Pictures in 2014, for an investment of $400 million. Ma had invited Zhao to invest, in order to add some show business gloss to his new acquisition. 

The frenzied rise of the Hong Kong Stock Market (until the turbulence of the past few weeks) pushed the value of Zhao's Alibaba Pictures holdings to $762 million (reduced by the sale of some of Zhao's shares in April).

This, plus other investments in real estate, a French winery, a Singapore jewelry retailer, and her earnings from her own multifaceted career in film, TV and music, have landed 39 year old Zhao Wei (also known professionally, especially as a singer, as Vicki Zhao) in the "three comma club" (billionaire status), as Forbes puts it, quoting Russ Hanneman of HBO's hit series, Silicon Valley. 

Given her business and show business acumen (not many actors transition to director with such a hugely successful first movie), the future is Zhao's oyster, to paraphrase Shakespeare, with whom I'm sure she has more than a glancing acquaintance. 

It will be fascinating to see what Zhao Wei does next.





Comments

Popular posts from this blog

The High Tower Apartments and The Long Goodbye

Photograph by Dwayne Moser. This beautiful apartment complex in Los Angeles is called the Hightower or High Tower Complex (the High Tower name refers to the central elevator, I believe), and was designed in 1935-1936 by architect  Carl Kay - and made famous in 1973 by my favorite film, Robert Altman's The Long Goodbye (see Why I Love Robert Altman's The Long Goodbye ). Although Altman used the building as Philip Marlowe's apartment in his somewhat post-modern Long Goodbye (the film plays with references to Old Hollywood and opens and closes with the song, Hooray For Hollywood ), the building has another direct connection to Raymond Chandler. It was apparently the inspiration for Chandler in his book, The High Window (the first Chandler novel I ever read), in which Chandler describes the residence of Philip Marlowe as being on the cliffs above High Tower Drive in a building with a fancy elevator tower. (Thanks to the Society of Architectural Historians Southern...

Andrew Hale and Sade

Sade in concert in San Jose. All concert photos  Copyright  © 2011  Alexander Chow-Stuart. On Thursday evening, we saw our longtime friend Andrew Hale perform with Sade at the HP Pavilion in San Jose, in one of the most beautifully conceived and produced concert performances I have ever seen. Sade is a rare musician, in that she and the band only write, record and tour every eight to ten years, so that in a very real sense you can measure your life by her. The band's music is always fresh and always newly conceived - for their previous album, Lovers Rock , they stripped everything down musically to a minimalist sound and banished the saxophone that had been so much a part of Sade's heavily soul- and jazz-influenced style. The latest album, Soldier of Love , released in 2010, is one of the most tender, moving collections of songs yet, from the astonishingly beautiful Morning Bird , which features exquisite keyboards from Andrew, to the soulful, retro, r...

The Story Behind the Immortal Bass Line of Lou Reed's Walk On The Wild Side (VIDEO)

Of all the tributes to, and stories about, Lou Reed over the past week, this is one of the most fascinating - even though it doesn't directly concern Reed himself, but rather Herbie Flowers , the legendary British bass player who created the immortal bass line that opens Reed's massive solo hit, Walk On The Wild Side. When I first heard Walk On The Wild Side, it seemed the ultimate late night New York song: a transgender story (which apparently radio stations in the 1970s and since didn't even pick up on, despite the line, " Shaved his legs and then he was a she ") featuring characters from Andy Warhol's Factory , which sounded as if it had been recorded at about 1 am in some smoky lowdown basement hangout in the East Village. The video above reveals the immense influence of Herbie Flowers - who had worked with David Bowie , who produced Walk On The Wild Side and the Lou Reed album it came from, Transformer , on Bowie's own classic breakout s...