Joyce Cheng, Who Just Turned 35, Has Reportedly Received Her S$10.4mil Inheritance From Late Mum Lydia Sum
Hongkong singer Joyce Cheng, who’s the daughter of late comedian Lydia Sum, reportedly saw her bank balance grow by a lot when she turned 35 yesterday (May 30).
According to reports, Joyce finally has full access to the HK$60mil (S$10.4mil) in inheritance, which was left to her by Lydia.
The star passed away in 2008 at the age of 62 from liver cancer.
As Lydia’s estate includes property, the media also estimated that Joyce’s inheritance is probably now worth close to “hundreds of millions of Hong Kong dollars”, which works out to be at least S$17.4mil, due to the appreciation in property value over the years.
The media are calling Joyce a "rich woman"
However, instead of celebrating her birthday, Joyce posted this teary-eyed pic of herself on social media yesterday with the caption: "Thank you for your well wishes! I turn 35 years old today. I wish myself and my loved ones good health and that happy things will happen every day."
Joyce, whose father is veteran actor Adam Cheng, was just 21 when Lydia died.
Worried that her daughter would squander the money, Lydia delayed access to the inheritance for 14 years so Joyce would work hard at her own career.
Instead, Joyce received HK$20K (S$3.5K) a month for living expenses from her trust fund.
She reportedly didn't manage her money well, and at one point, only had HK$26 (S$4.50) in her bank account.
Even then, she did not turn to her dad for help. Adam is now married to former actress Koon Jing Wah, with whom he has two daughters.
Joyce and Adam
Last year, Joyce called all the inheritance talk “laughable”.
“There were reports about it when I was in my 20s, and again when I was 30. They keep changing the date of when I’m supposed to [get my inheritance], but what they say doesn’t affect me (…) I just want to do a good job as a performer. I believe that the friends who truly love me will not dislike me just because of such reports," she was quoted saying.
Photos: Joyce Cheng/Facebook, Joyce Cheng/Weibo
