Chen Mei-feng clarifies NT$600 million net worth and outlines estate plans

Taiwanese entertainer Chen Mei-feng (Chen) has publicly addressed long-standing speculation regarding her personal wealth. Known widely by the moniker 'the most beautiful obasan', Chen clarified that her net worth is not as substantial as the NT$600 million (S$24 million) frequently cited in media reports.

Born in 1956, Chen’s upbringing was marked by personal challenges after being raised by foster families from the age of seven months. Her career in the spotlight began in 1977 after winning a beauty contest, which eventually led to her transition into acting. She became a household name through lead roles in popular dramas such as The World Road (2002) and Night Market Life (2009).

During a recent interview, Chen reflected on the early stages of her career and the influence of her foster father. Following his advice to prioritise property ownership, she described a period of intense work where she accepted numerous performances to secure a home for her father in Keelung. These efforts often involved eating cold meals backstage to save money.

According to a report by TVBS News, Chen has adopted a simplified approach to financial management in recent years. She has divested from high-pressure assets that caused personal stress. This strategy, which she describes as 'subtractive' wealth management, prioritises financial peace of mind over aggressive growth or high-risk market speculation.

The actress expressed a preference for holding physical cash, stating that having liquidity in her home provides a sense of security. Having moved away from volatile investment vehicles, Chen maintains that steady property holdings and cash are the most practical assets. This grounded approach has allowed her to maintain an 'ageless' reputation and focus on her wellness.

Regarding the eventual distribution of her estate, Chen has already established a clear plan. She intends to donate a significant portion of her savings to various charitable organisations. This philanthropic focus aligns with her philosophy of having enough for a comfortable life rather than accumulating excessive riches.

The remainder of her assets will be left to her younger sister, who also serves as her long-time assistant. Chen noted that her sister has remained loyal and supportive throughout her extensive career, which has spanned over four decades. This decision ensures her family remains provided for in the future.

Chen also voiced her agreement with the sentiments of fellow entertainer Pauline Lan (Lan). She famously stated that she does not need to marry into a wealthy family because she has built her own successful life. This spirit of financial independence remains a core value for Chen as she navigates her later career.

The actress emphasised that her current lifestyle is focused on contentment. She noted that while she is financially comfortable, she does not identify with the extravagant figures often associated with her name. Her journey from a hardworking performer to a stable investor serves as a notable example within the Taiwanese entertainment sector.