May 19, 2009

Battle over £2.7 billion property

When the eccentric property developer Nina Wang from Hong Kong died in 2007 it was clear that her will that left her £2.7 billion fortune to charity would stir up some interest from people who would contest it.

Nina was born into a poor family in 1937 and was married at eighteen; the couple’s property ventures shaped the way that Hong Kong grew with shopping centres, offices and apartments.

However, despite being apparently happily married until her husband’s death, it turns out that a claim is being made from a former barman turned feng shui master; Tony Chan has a fifteen year long affair with Nina.

The will that leaves the money to charity was written in 2002, but Tony Chan is seeking to have the will ruled out because he has a will dated 2006 that names him as sole heir to the fortune, the case continues.

Source [Telegraph]