The fate of the $4bn fortune of Asia’s richest woman appears set to descend into a battle between Nina Wang’s family and her feng shui master after the emergence of conflicting wills.
Ms Wang was the chairman of Chinachem, one of Hong Kong’s biggest property groups, and was renowned for her penchant for pigtails and miniskirts. She died on April 3.
Her family has claimed that – according to a 2002 will – she and her late husband, Teddy Wang, wanted their fortune given to charity after their deaths.
But the lawyer of Chan Chun-chuen, her feng shui master and friend, claimed on Friday that Ms Wang had written a new will in 2006 in which she made Mr Chan, 48, sole beneficiary.
“Effectively, as I understand, there are two competing wills being put forward, and we will need to see which one is the true and last will of Nina Wang,” said Brian Gilchrist, a lawyer for the Wang family’s charitable foundation.
“It’s the foundation’s understanding that it was Teddy and Nina Wang’s wish that her estate be left to charitable causes.”
Mr Gilchrist declined to comment on whether the foundation would contest Mr Chan’s claims to Ms Wang’s estate.
The relationship between Ms Wang and Mr Chan, who is married and has three children, remains unclear. But his lawyer, Jonathan Midgley, said: “Mrs Wang decided it was best if her business interests were left to one person who had the necessary experience to continue to manage the Chinachem Group.”
On Friday he released a photo of the two posed together as a happy couple.