Taiwanese Star Richie Ren Reportedly Spent S$40mil Buying “A Whole Street Of Houses” In China
He’s said to have a net worth of S$89.7mil, a sum he amassed from smart property investments.
It appears Taiwanese star Richie Ren has quite the eye for property.
The 58-year-old singer, who has been in showbiz for 34 years, has a reported net worth of TW$2.2bil (S$89.7mil), much of it was amassed through his astute real estate investments.
According to Taiwanese media, Richie recently spent TW$1bil (S$40mil) buying“a whole street of houses” in Qingdao, China.
He liked the location as Qingdao is well known for its picturesque coastal scenery and unique architecture. Not only is it a tourist destination, but its international port has also made it an ideal city for investment.
In 1996, Richie bought a number of houses in the luxury residential district of Ho Man Tin, Hong Kong. Through the flipping of these properties, he reportedly made TW$89mil (S$3.6mil) in profit.
He also flipped three offices located in Hong Kong’s Southmark building, earning a swift TW$220mil (S$8mil).
He then expanded his property portfolio to cities including Shanghai and Changsha.
And that’s how one becomes a real estate tycoon.
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