Hong Kong actor Ray Lui is certainly living the high life.

The veteran star, best known for his role as Ting Lik in the landmark 1980 TVB classic The Bund, recently caught attention after his wife, Chinese businesswoman Yang Xiaojuan, shared photos from their latest private jet getaway.

In one snap, Xiaojuan, 56, is seen posing beside a private jet on the tarmac.

Another shows her visiting a historical site with Ray.

And can we just say, Ray is looking mighty good for someone who's turning 70? Yes, 70.

Of course, travelling by private jet is nothing new for the couple, who are known for their luxurious lifestyle and love of designer labels.

According to Hong Kong media reports, Ray and Xiaojuan are said to be worth several billion yuan, with some estimates even putting their combined fortuneat more than 10bil yuan (S$1.93bil).

But believe it or not, the actor was once reportedly drowning in debt.

Ray, who enjoyed immense popularity in the '80s and '90s, suffered huge financial losses after investing heavily in property and stocks.

When the 1997 Asian financial crisis hit, his investments reportedly went south, leaving him in serious financial trouble.

He was even said to have been pursued by a bank over an outstanding debt of HK$370K (S$61K).

Things took a turn for the better when he met Xiaojuan at a dinner gathering in Shenzhen in 1998.

Then 27, Xiaojuan was already a successful businesswoman who had made her fortune through ventures including the liquor and handbag industries.

The couple married in France in 2001 and have a 25-year-old son.

Xiaojuan, whose personal fortune reportedly exceeded 100mil yuan (S$19.3mil) even before she married Ray, is said to have helped him get back on his feet financially.

With extensive business connections in China, she reportedly encouraged Ray to expand his career in the mainland and offered him investment advice.

The couple subsequently ventured into businesses including advertising, fashion, beauty and property.

Ray has also praised his wife's investment instincts, reportedly saying she has never made a wrong investment decision.

Naturally, their relationship has attracted its share of gossip, with some suggesting Ray married Xiaojuan for her money.

However, Xiaojuan has defended her husband, insisting that he achieved his success through his own hard work and wasn't living off her wealth.

Ray was previously married to late actress Kathy Chow and singer Cally Kwong, but both marriages were short-lived.

Photos: rayluileungwai/Instagram, mayyangxiaojuan/Instagram