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July 16, 2009

More On Nina Wang and her Feng Shui Master

Nina_want Here is more detailed information about Nina Wang, whom I briefly blogged about yesterday:

  • When she died of cancer in 2007, she was a widow without children and an estimated $3.9 billion.
  • Her husband was declared dead in 1999 after he was kidnapped in 1990.
  • Wang executed a will in 2002, leaving her assets to a charitable foundation largely controlled by Wang's siblings.
  • Wang executed another will in 2006, leaving her assets to fung sui master Tony Chan.
  • The Wang family is fighting to invalidated the 2002 will, asserting that Wang was mentally incompetent and that Chan conned her into executing the will for feng shui purposes.
  • Chan, a married man 23 years younger than Wang, claims the two were lovers who also acted as a married couple.
  • During her life, Wang is estimated to have given Chan $258 million, including funds to pay for his wedding.

See Joyce Hor-Chung Lau, A Feng Shui Master and a $4 Billion Estate, NY Times, July 14, 2009.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

July 16, 2009 in Current Events, Estate Administration, Wills | Permalink

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