Fan Bingbing Risks Losing 127 Brand Endorsements
Admitting to tax fraud, Fan Bingbing (范冰冰) issued a public apology statement yesterday admitting her wrongdoings. Required to pay 883 million yuan in back taxes and fines, Fan Bingbing said she will do her best to raise funds to pay back the Chinese government. However, among the 127 brands that Fan Bingbing endorses, a majority of them have already dropped her as spokesperson due to her tax scandal.
During Fan Bingbing’s four-month investigation by tax authorities, many companies have grown wary of the situation. According to Apple Daily, Mont Blanc, a home appliance company, and a weight-loss beverage company said that Fan Bingbing is no longer their spokesperson. Representatives from these companies were reluctant to even mention Fan Bingbing’s name due to her plummeting image.
Among the 127 major brands that Fan Bingbing endorses, it is expected that a majority of them will retreat in their contract deals. Although there were also some advertisers that said they will continue to work with her.
Selling 41 Properties to Pay Back Taxes?
Estimated to have a net worth of more than 7 billion yuan, not all of Fan Bingbing’s assets may be liquid. Mandated by the State Administration of Taxation to pay back 883 million yuan within a specified deadline, Fan Bingbing reportedly listed 41 properties in Beijing for sale at 20 to 30 percent below market value to raise funds for the payback. Since the properties are located in the Palm Springs area, which is a popular residential choice among celebrities, it was speculated that Fan Bingbing was the true owner behind the sudden influx of listed properties. However, when reached for comment, the real estate agent managing the listings denied this to be true.
Fan Bingbing’s Punishment is Too Light?
Despite Fan Bingbing taking a financial hit with the tax scandal, many netizens felt that she has already gotten off lightly. In comparison, in 2002, Mainland actress Liu Xiaoqing (劉曉慶) was sentenced to 442 days in prison for tax evasion of 20 million yuan. Her bank account was seized, in which 1.96 million yuan in deposits were confiscated.
This article is written by Jayne for JayneStars.com.
Ffs 127 Brand Endorsements.I bet she can’t even remember a tenth of the brands she is endorsing, the greedy b****. It is one thing being passionate about the product you are endorsing but take paychecks for product after product until you can’t even keep count is horribly greedy. I think for once ‘killer’ has every right to spam her….
@jimmyszeto hey jimmy calm down, she still better off than your loser hating butt. Stupid hater. Lol
@gunit101
Of course she is better off than me. How did you work that out? I can’t even afford to pay parking fines…
@jimmyszeto than get a better job and stop hating on a woman who’s way better off than you and I.
Well the ‘FBB Greed Team’ will just target smaller companies to endorse their products and services. Will keep her bank account rolling onwards and upwards…
No sympathy even if she lost all 127 endorsements.
Oh karma lol
Why so many haters here lol seriously, I guessing you all hated her because she was famous pretty and rich unlike your loser lives, and we’re hopin waiting for something bad to happen to her so you all could stick to her. Smh. Remember don’t f with someone while he/she is down. Stop the hate
@gunit101 I might be making a big mistake here but I’m pretty sure people hate her because she’s a swindler. The haters will go once she’s paid back the money she owes.
@gunit101 @birdy2415 @jimmyszeto Every day people are not earning enough money and are suffering because they cannot support their family. Instead of money being spread around fairly to help the poor extremely high amounts of money are being given to celebrities to spend on expensive useless crap, like mansions, luxury cars, yachts, designer clothes and brand name watches which they don’t need. Thus, celebrities are earning way too much, more than they can handle!
Celebrities are way too greedy, shallow and materialistic. Honestly the amount of money that they earn, is already more than enough to settle for life and feed 10 families and it still wasn’t enough for them. They still felt the need to evade tax? Most of these celebrities had already reached the millionaire or the billionaire status. Seriously how much more money is consider enough for them? Despite being multi millionaires, they are still not satisfied and continually strive for more wealth, status and fame. It really makes me wonder how much money do celebrities spend on a daily basic? If a ordinary citizen had a million dollars, they would’ve retired already and settle for life.
I guess the biggest reason why celebrities never have enough money are due to their lavish lifestyle. It’s because they’re materialistic, and they’re putting the added pressure on themselves to consume fancy cars, mansions, and a variety of luxury material possessions that they actually don’t need. For these people, it isn’t enough to have $1 million; they want $4 million, and those individuals with $4 million want $10 million and so forth. They have so much, yet it’s not enough because lifestyles expectations increase as their net worths soar.
@killers1 Sorry but why are you tagging me? This reply has nothing to do with my comment and you just wasted my time by making me read it.
@birdy2415 @anon Celebrities don’t deserve all their fame and wealth. They’re making way to much money than they deserve. The society must be truly crazy to pay these celebrities such a huge salary. We should stop worshipping them and lining their pockets with millions for nothing. Don’t the people who work their butts off everyday just to get a meal at the end of the day deserve money too? Why should a person who works in the entertainment industry get paid 10 times more than any other profession? Although Celebrities/entertainers do entertain us, but they don’t contribute much to the overall productivity of a society. Therefore, they don’t deserve to be paid millions upon millions of dollars every year.
People such as doctors, nurse, physician, heart surgeons, teachers, firefighters, who save the lives of other, help people and contribute to the society. They should be the one who deserves the big bucks instead of celebrities. They worked just as hard as them, but they do not earn anywhere near as a celebrity who earns millions upon millions just for acting or singing. Celebrities don’t risk their lives to save people instead they are gaining fame and fortune. There are many people around the world who are starving, working their @ss off everyday just to make a decent living, struggling to pay bills and do not have enough money to support their families yet, billions of dollars are being wasted on celebrities who not only have enough money they do not need, but there not using it to help people instead they are spending it on mansions, multiple luxury cars, yachts, designer clothes and branded watches which they don’t need.
@killers1 this is related to FBB because….?????
@gunit101 of course we hate her she’s a criminal by evading tax! and tbh i don’t even think she’s pretty. too fair n she has a very strange looking face
@birdy and yet you can’t stop talking about her like an crazy ex. Smh. Fan will be fine but on the other hand I don’t know, we’ll have to wait and see.
@gunit101 can’t stop talking about her? you must be confused lol
I can’t believe why people are questioning the “haters”. Fan Bingbing is a tax fraud. Of course people will dislike her.
It’s not weird that people will dislike someone who does wrong. It’s an absolutely normal reaction. What’s weird is that people still like her, and will defend her even though she has come out as a swindler.
This is an non-biased observation from someone who is unfamiliar with her work (since I don’t really watch mainland TV) and therefore don’t particularly like nor dislike her.
@birdy2415
That moron member is just trying to troll and get a reaction by supporting Fan Bing Bing and crapping on Yang Mi…..
@jimmyszeto hahaha yea, I noticed his biases, too. He needs to calm down
@littlefish @elizabeth @anon Every day people are not earning enough money and are suffering because they cannot support their family. Instead of money being spread around fairly to help the poor extremely high amounts of money are being given to celebrities to spend on expensive useless crap, like mansions, luxury cars, yachts, designer clothes and brand name watches which they don’t need. Thus, celebrities are earning way too much, more than they can handle!
Celebrities are way too greedy, shallow and materialistic. Honestly the amount of money that they earn, is already more than enough to settle for life and feed 10 families and it still wasn’t enough for them. They still felt the need to evade tax? Most of these celebrities had already reached the millionaire or the billionaire status. Seriously how much more money is consider enough for them? Despite being multi millionaires, they are still not satisfied and continually strive for more wealth, status and fame. It really makes me wonder how much money do celebrities spend on a daily basic? If a ordinary citizen had a million dollars, they would’ve retired already and settle for life.
I guess the biggest reason why celebrities never have enough money are due to their lavish lifestyle. It’s because they’re materialistic, and they’re putting the added pressure on themselves to consume fancy cars, mansions, and a variety of luxury material possessions that they actually don’t need. For these people, it isn’t enough to have $1 million; they want $4 million, and those individuals with $4 million want $10 million and so forth. They have so much, yet it’s not enough because lifestyles expectations increase as their net worths soar
@jimmyszeto yang is cheating hack and bad mother who’s greed will consume her eventually. She’s far worse than fbb. Bad mum, bad wife and cheating wife at that too.
@jimmyszeto yang mi needs to go away with her mediocre acting. Go be a mum.
@jimmyszeto f….. yang mi with her Botox no emotion face
@gunit101
I’m not disagreeing with you…
@birdy2415 you said in reply that you hate her lol birdie make up your mind
@gunit101 No I didn’t. I just said that it’s normal for people to dislike her. Even so, I didn’t say anything to suggest I did like her. I was very clear with my opinions right from the start so I don’t understand your comment.
Are you just not reading properly?
I don’t sympathise with FBB as I feel she makes more than enough money to cover her taxes yet she decides to be greedy for more and not pay them.
@elizabeth I kinda agree wit you
Holy crap! Someone forgot to take their meds…
@anon there are two atm that forgot to take their meds x”D