Feng shui master loses fight for tycoon’s fortune

February 2, 2010, 3:03pm
FAKE WILL (AFP) – Feng shui master Tony Chan (left photo) leaves a club in Hong Kong. Right photo shows him with Nina Wang, an eccentric tycoon who at one stage was Asia’s richest woman.
FAKE WILL (AFP) – Feng shui master Tony Chan (left photo) leaves a club in Hong Kong. Right photo shows him with Nina Wang, an eccentric tycoon who at one stage was Asia’s richest woman.

HONG KONG (AFP) – A Hong Kong court on Tuesday threw out a feng shui master’s claim for the estimated US$13 billion fortune of late property tycoon Nina Wang after a sensational court battle.

High Court Judge Johnson Lam said a will in the possession of Tony Chan was a fake, and ruled in favor of a rival claim to her estated by a charity now run by Wang’s siblings.

“The court finds that the 2006 will was not signed by Nina,” the judge wrote in his ruling on the case known as the “Battle of the Wills” that has gripped the tycoon-obsessed city.

Wang, an eccentric tycoon who at one stage was Asia’s richest woman, died of cancer in April 2007 at the age of 69, triggering a bitter feud between Chan and the charity both claiming they were entitled to her massive fortune.

The judge ruled in favor of Wang’s Chinachem Charitable Foundation, saying a 2002 will held by her siblings “truly reflected the long-held intention on the part of Nina to leave her estate to charity.”

The case featured a heady mix of sex, family secrets and Wang’s fascination with feng shui, an ancient Chinese system that claims to harness natural energies and is widely used by Hong Kong residents.

Wang, nicknamed “Little Sweetie,” used feng shui in a fruitless bid to find her husband Teddy who was kidnapped in 1990 but whose body has never been found.

The probate case filled the front pages of Hong Kong’s media for weeks after it first opened in May last year, with the court hearing from 36 witnesses.

The charity’s lawyers accused Chan of being a charlatan who duped the eccentric billionaire, arguing that Wang did not have the mental capacity to execute the alleged will because of her health problems.

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FAKE WILL (AFP) – Feng shui master Tony Chan (left photo) leaves a club in Hong Kong. Right photo shows him with Nina Wang, an eccentric tycoon who at one stage was Asia’s richest woman.15.29 KB