Fri, Apr 20, 2007 - Page 1 News List

Fortune teller named as Nina Wang's beneficiary

AFP , HONG KONG

Asia's richest woman left her wealth to her fortune-teller in her last known will, which is all but certain to spark a huge legal battle with relatives, Hong Kong media reported yesterday.

Nina Wang (龔如心), who died aged 69 earlier this month and had no children, left a legacy estimated to be worth at least US$4.2 billion after transforming her company Chinachem into a real estate empire.

A day after her lavish funeral on Wednesday, two wills she allegedly wrote in 2002 and last year were published separately in Next Magazine and its sister Apple Daily publication. The 2002 document said Wang's fortune would go to her charitable trust. But the later version named her personal fortune-teller, Chan Chun-chuen (陳振聰), as the beneficiary.

Citing unnamed sources close to the family, Apple Daily said Wang's family and senior aides were unfamiliar with Chan and were set to take the issue to court.

The sources said the family held "important evidence" that could discredit Wang's second will and were confident of winning any case.

Neither her lawyer nor her personal assistant could be reached for comment.

If true, last year's document would have been penned two years after Wang was diagnosed with cancer and after she won an eight-year court battle against her father-in-law for control of her late husband Teddy Wang's (王德輝) estate.

Meanwhile, Next Magazine published a two-page will provided by a friend of Wang and supposedly written in Chinese in 2002.

It named no beneficiary but indicated that her assets would go to a charity trust she set up with Teddy Wang before he disappeared.

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