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Case file s1683 · Business dynasties · 2007
2007
HK Nina Tower 200803: Nina Tower,Hong Kong
HK Nina Tower 200803. WiNG. CC BY 3.0, Wikimedia Commons.
Died
3 April 2007; Teddy Wang kidnapped 10 April 1990
Place
Hong Kong, China
Field
real estate; business · Business and finance on the timeline
Legal tradition
Hong Kong common law (probate; forgery; charitable trusts) · Common law · Chinese and East Asian law
Historical event
The 1990 kidnapping of Teddy Wang, co-founder of Chinachem Group

Nina Wang won her kidnapped husband's estate in Hong Kong's top court in 2005, then her feng shui adviser was jailed for forging her will

Nina and Teddy Wang, married in 1955, built the Chinachem property group. On 10 April 1990 Teddy was kidnapped. He was never found, though US$30 million of a US$60 million ransom was paid. A court declared him dead in 1999. Nina produced a will dated March 1990 leaving her his estate. His father, Wang Din-shin, relied on a 1968 will naming him sole heir. In November 2002 Judge David Yam ruled Nina had most likely forged the 1990 will, and she was arrested in December. She lost in the Court of Appeal in June 2004 and won in the Court of Final Appeal on 16 September 2005. Prosecutors dropped the charges that December. Nina Wang died on 3 April 2007. Her 28 July 2002 will left everything to the Chinachem Charitable Foundation, set up by the couple in 1988. Her feng shui adviser, Tony Chan Chun-chuen, produced a will dated 16 October 2006 leaving everything to him. On 2 February 2010 Justice Johnson Lam found the two had a clandestine relationship from 1992, held that "the 2006 Will was not signed by Nina" and upheld the 2002 will. In July 2013 the High Court convicted Chan of forging the will and sentenced him to 12 years. On 18 May 2015 the Court of Final Appeal held that the will "imposes a trust for charitable purposes", so the foundation is a trustee under a court scheme. In May 2019, after Nina's brother Kung Yan-sum, the foundation's chairman, accused the estate administrator PwC of poor account management, Chinachem suspended him over a suspected document leak. Chan left Stanley Prison on 3 July 2021. On 4 July 2023 the High Court ruled the foundation not financially sound enough to be trustee of the estate, reported at over HK$140 billion. Status: the Secretary for Justice and the administrator were told to draft the scheme and propose a new trustee; later rulings are unconfirmed†.

What the law took from it

A will that leaves an estate to a charity with directions on its use can be read as a charitable trust, and the court then supervises who runs the money.

Cite as: celebrity.estate, “Nina Wang won her kidnapped husband's estate in Hong Kong's top court in 2005, then her feng shui adviser was jailed for forging her will,” story s1683, https://www.celebrity.estate/nina-wang-2007, updated 30 October 2026.

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