Dead billionaire leaves all to feng shui master

Fri Apr 20, 2007 10:39am EDT
 
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By James Pomfret

HONG KONG (Reuters) - The sole beneficiary of Hong Kong tycoon Nina Wang's multi-billion dollar fortune is her feng shui master, a legal notice published on Friday showed, paving the way for a likely legal battle with her family.

"In her will dated 16 Oct 2006, the late Nina Wang bequeathed all her estate to Mr. Chan Chun-chuen," her lawyer said in a notice published in several local newspapers on Friday.

Little is known about Chan, whom the local media has reported as Wang's feng shui master or fortune teller and who once studied medicine in Canada.

Nicknamed "little sweetie" for her braided pigtails, mini-skirts and giggly persona, Wang, 69, died this month from cancer. She was Asia's richest woman.

Her life was touched by tragedy in 1990 when her husband Teddy Wang was abducted and never seen alive again.

Later she stirred controversy by waging a legal war against her father-in-law, Wang Din-shin to secure her husband's billions even though he had not yet been confirmed dead.

Wang won the eight-year legal battle in 2005, securing full control of the estate and of Hong Kong's largest private property developer, Chinachem group, in a probate saga that captivated the city of 7 million with tales of illicit affairs.

A source earlier told Reuters that Chan was the sole beneficiary and that all of Wang's estate, including that of her husband "gets paid on in sequence" to him.  Continued...

 
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