Jay Chou’s mum is about to make US$54 million off her son, here’s how: her company owns the Taiwanese Mandopop star’s bestselling Modong coffee brand and was behind Netflix reality show J-Style Trip …
- The ‘King of Asian Pop’ Jay Chou named his fourth album Yeh Hui-Mei after his mother and credits her with sending him to piano lessons as a child
- Now the 75-year-old former junior school teacher is set to become an overnight multimillionaire as her Star Plus Legend Holding’s IPO hits the Hong Kong stock exchange
Taiwanese pop superstar Jay Chou’s mother is about to become very rich from her son’s image.
On Thursday, Yeh Hui-mei’s company Star Plus Legend Holdings is selling 126.6 million shares at HK$4.25 (54 US cents) each in an initial public offering in Hong Kong, which is poised to give her a stake worth about US$54 million, according to the Bloomberg Billionaires Index.
Star Plus Legend is closely intertwined with Chou, selling products that are promoted using his intellectual property, including Modong, one of China’s top-selling bulletproof coffee brands.
While the IPO size is lower than the company previously sought, it’s still set to make the former junior school teacher a multimillionaire. Last month, the offering was pulled days before the listing date, with the company saying it needed additional time to prepare.
