Disclaimer: The content of this article is written with authoritative sources, and the source of the literature and screenshots have been marked at the end of the article, please be aware.
Under the bustling night sky of Hong Kong, Lam's business empire once shone like the stars. But do these stars begin to dim over time?
The eldest son, Lin Jianming, has always been a frequent visitor to gossip magazines, and his emotional life is better known than his performance in the business world.
The second son, Lin Jianyue, once lost as much as 40 billion Hong Kong dollars in a decision-making error. Will the name of a lifetime really be ruined by these two descendants?
Lin Baixin's legendary life and family business
Since stepping into the business world at the age of 19, Lam's career trajectory has been like a wonderful epic, full of chapters of continuous climbing and breakthroughs.
The young Lin Baixin initially started his business venture in the garment industry, which was the starting point for him to lay the foundation of his business. He was adept at observing market needs and quickly established himself within the garment industry.
At that time, there was a growing demand for suits and high-end clothing in Hong Kong, and Lam's garment factory quickly gained a reputation in the industry for producing high-quality ready-to-wear garments in response to market demand.
With the success of the garment business, Lin Baixin did not stop, and his vision gradually expanded to other fields. In the 60s, Hong Kong's economy began to develop rapidly, and the real estate and media industries became new growth points.
Lin Baixin keenly grasped this trend and began to expand her business to the real estate industry. He has invested in a number of landmark projects, including commercial buildings and residential complexes, which have not only greatly contributed to the city's urban development, but also brought great returns to the Lam family.
In the 70s, Lin Baixin's eyes turned to the media industry again. In 1976, he took over the struggling Asia Television (ATV).
Under his leadership, ATV underwent large-scale reforms, introducing a number of new television programs and technological innovations, gradually shaping ATV into one of the major television stations in Hong Kong, competing with TVB and enriching the audio-visual choices of Hong Kong citizens.
Lam's move not only changed the landscape of Hong Kong's television industry, but also strengthened his influence in Hong Kong's entertainment and cultural industries.
Lam's business success is not only reflected in the peak of his business, but also in how he translates these successes into long-term assets for the Lin family.
He carefully orchestrates every move to ensure that every business move lays a solid foundation for the family's future. It is this forward-looking strategic vision and prudent management skills that have enabled the Lam family to occupy a pivotal position in Hong Kong's business community and wider society.
Lin Jianming's changeable love path and frustration
Lin Jianming, as Lin Baixin's eldest son, his emotional life has always been the focus of public and media attention. In his younger years, his first marriage began with Zhuang Suming, and the relationship was full of hope and anticipation.
However, as time went on, the differences between the two on fertility issues gradually emerged, and Zhuang Suming's decision to insist on infertility eventually led to the breakdown of the marriage.
Although this marriage did not leave children as a bond for the future, it left a deep mark on the trajectory of Lin Jianming's life.
Soon after the end of the first marriage, Lin Jianming entered the palace of marriage again, this time he chose to marry the flight attendant Lin Peichang.
The relationship seemed more promising, and the two soon welcomed two children, and family life seemed happy and complete.
However, beneath the façade of happiness lies hidden hidden contradictions and problems that gradually surface over time, eventually leading to their breakup and divorce.
Lin Jianming's personal life has frequently made headlines because of these emotional twists and turns. His emotional world is ever-changing, and each change has caused widespread discussion and attention in the media and the public.
Especially in an incident in the 90s, Lin Jianming was unfortunately stunned when he went out, during which someone took the opportunity to take a series of indecent photos.
These photos quickly spread among the public, and Lin Jianming became the focus of major media reports for a while.
This incident not only caused an uproar in society, but also caused a huge impact within the Lin family. As the family's eldest son and potential heir, Lin Jianming's personal behavior and public image are scrutinized under a magnifying glass.
The incident caused serious damage to his reputation and also called into question his position in the family and his future inheritance.
Lin Jianming's emotions and death in his later years
Lin Jianming's emotional life still maintains an active posture even in his old age. At the age of 70, he started a relationship with 23-year-old Yao Yun.
Yao Yun is young and energetic, and images of her time with Lin Jianming appear frequently in social events and media reports. They attended public together, and Lin Jianming, who was next to Yao Yun, seemed refreshed, although most of the eyes around him were out of curiosity and whispering.
Soon after, Lin Jianming and 30-year-old Gou Yunhui also started a relationship. Gou Yunhui is a TVB artist, and because of her popularity in the film and television industry, this relationship quickly became the focus of the public and the media.
Gou Yunhui's interaction with Lin Jianming is often filmed, and their appearances on various social occasions and events often make headlines.
However, these romances were not recognized and supported by the Lin family. Other members of the family have reservations about Mr. Lam's frequent changes of partners, while Mr. Lin is particularly critical of her son's emotional decisions.
In Lin Baixin's eyes, Lin Jianming's behavior may have affected the image and stability of the family, which became a factor for him to consider in making major decisions in the future.
Gradually, Lin Jianming's status in the family was increasingly questioned. Lin Baixin announced at a family meeting that his heirship qualification would be officially revoked because Lin Jianming could not show stability and responsibility suitable for the heir.
The decision shocked all sectors of society, especially given the importance of the Lam family's position in Hong Kong's business and society.
Mr. Lin was given a handful of shares in some family businesses and a modest inheritance, in stark contrast to the vast fortune he might have inherited.
Lin Jianming's life continues to unfold under the attention of the media. Although he has lost his position as heir, he is still a talking point in the eyes of the public.
However, his health began to decline. In 2021, Lin Jianming was diagnosed with lymphoma. In the end, Lin Jianming spent his last days in the hospital and passed away.
Lin Jianyue's challenge and turnaround
As the second son of Lin Baixin, Lin played a key but controversial role in business decisions in the late 90s.
His mother, Yu Baozhu, was Lim Baixin's second room, which gave Lim a foothold to make a difference in the family business, even if that foothold came with many complex relationships within the family and business.
At that time, Lim was interested in an investment opportunity in a luxury hotel. Located in the heart of Hong Kong's business district, this hotel has an excellent location and development potential.
Lim believes that by acquiring and refurbishing the hotel, it will not only increase its market value, but also further expand the family's influence in the high-end hotel industry.
However, Lin Jianyue decided to make the acquisition without fully assessing the market situation and without the consent of his father, Lin Baixin.
Through the name of the family business, Lin Jianyue used a lot of money to complete the acquisition. The initial investment amounted to billions of Hong Kong dollars, which came partly from the working capital of the family business and partly through loans.
He renovated and upgraded the hotel at a high cost, hoping to attract more high-end customers and international business activities.
However, due to insufficient market research and mistakes in business strategy, the hotel's business did not achieve the expected profitability results.
Conversely, as Hong Kong's economic environment changes and competition intensifies, the hotel's revenue is much lower than expected to cover its operating costs and loan repayment needs. This has led to the need for a constant infusion of capital into the family business to maintain the day-to-day operations of the hotel.
The hotel gradually became a heavy burden, not only swallowing up a lot of money, but also bringing a huge debt of 40 billion to the family business.
After Lin Baixin learned of this situation, she was extremely disappointed and angry at Lin Jianyue's behavior. This unwise investment not only affected the stability of the family's wealth, but also damaged the reputation of the family business.
To make matters worse, in order to raise enough money to cope with the hotel's financial woes, Mr. Lin had to sell some of his ATV shares.
The move further weakened Lim's control and influence on ATV.
A chance chance completely changed Lin Jianyue's fate. This time, I came into contact with the film project "Infernal Affairs", which is in preparation.
At the time, the film's script and production team were already taking shape, but they were still looking for significant funding to ensure the smooth running of production.
When Lin first learned about the script of Infernal Affairs, he was thrilled with its unique storyline and complex characters.
The film's depiction of the intricate relationship between the police and the gangsters, as well as the psychological and moral challenges faced by undercover agents lurking within each other, was highly appealing in the film and television market at the time.
Given the desire for high-quality crime dramas in Asia and around the world, Lim decided to invest more in the project to turn around his family's disadvantage.
With additional investment, the production of Infernal Affairs has entered a full-fledged start-up phase. Not only did Lin provide funding, but he was also actively involved in some of the production decisions, such as casting and marketing strategies, to ensure that the film would attract the largest audience. As the filming progressed smoothly, Lin Jianyue gradually had greater expectations for its success.
Infernal Affairs premiered in Hong Kong soon after its completion and quickly became a hit throughout Asia and around the world. The film's complex plot, excellent acting and tense atmosphere won unanimous praise from audiences and critics, and it was a great box office success.
Lin Jianyue's investment not only paid off, but also made huge profits, which greatly alleviated the financial pressure he had accumulated due to the hotel project.
Building on the success of "Infernal Affairs", Lin Jianyue set up his own film and television company to further expand his influence in the entertainment industry.
The new company soon launched a number of new film and television projects, and Lin Jianyue used the experience and funds he gained from "Infernal Affairs" to carefully select scripts and invest in production, which once again won market recognition.
This series of successes has significantly improved Lin Jianyue's status in the Lin family. Not only did he pay off the debts he had previously accumulated due to unfavorable investments, but he also won the admiration of his father, Lin Baixin, through new business success.
After experiencing initial setbacks, Lin Jianyue's business talents were fully demonstrated and recognized, and the establishment and operation of his film and television company brought new sources of income and growth points to the Lin family.
Eventually, after a series of business successes and a reorganization of power within the family, Lin Jianyue finally established himself as the heir to the Lin family.
References:[1]Chen Jiong,Wang Lirong. Lin Jianyue:There will be no wisdom without failure[J].Chaoshang,2009(6):41-42