Asia's richest woman, Nina Wang, dies
Hong
Kong,
Apr
4:
Asia's
richest
woman,
Nina
Wang,
has
died
of
an
unspecified
illness
after
reports
she
had
been
battling
cancer,
leaving
unanswered
questions
over
her
estimated
4.2
billion
dollar
fortune.
Known
for
her
signature
pigtails
and
nicknamed
''little
sweetie''
by
the
local
media,
Wang,
69,
won
a
court
case
in
2005
for
her
late
husband's
business
empire
in
a
case
filled
with
tales
of
adultery,
kidnapping
and
murder.
The
Hong
Kong
heiress,
whose
maiden
name
was
Kung,
was
reported
by
local
newspapers
to
be
suffering
from
cancer,
but
that
was
never
officially
confirmed.
''Chinachem
Group's
chairwoman
Nina
Wang
Kung
passed
away
on
April
3
and
the
details
of
the
funeral
will
be
announced
later,''
her
personal
assistant,
Ringo
Wong,
told
Reuters
by
telephone.
Wang's
company,
Hong
Kong's
largest
private
property
developer,
Chinachem
Group,
confirmed
in
a
statement
that
she
died
yesterday.
Wang,
ranked
by
Forbes
Magazine
as
Asia's
35th
richest
person,
had
no
children
but
is
survived
by
at
least
one
brother
and
reportedly
other
siblings.
Lawyer
Wong
Tak-sing
said
under
Hong
Kong
law
Nina
Wang's
brothers
and
sisters
could
apply
to
inherit
her
fortune
if
she
did
not
have
a
will.
Wang's
nieces
or
nephews
could
share
the
wealth
as
well
if
their
parents
had
died.
Wang
successfully
battled
her
father-in-law
for
a
multi-billion
dollar
estate
left
by
her
late
husband
Teddy
Wang,
a
property
tycoon
who
vanished
more
than
a
decade
ago.
Kidnapped
Central
to
the
marathon
probate
case
was
a
handwritten
will
that
Wang
said
was
penned
and
signed
by
Teddy
in
March
1990,
a
month
before
he
was
kidnapped
and
never
seen
again.
Some
reports
at
the
time
said
Teddy
was
gagged
and
bound
and
thrown
out
to
sea
from
a
Chinese
''sampan''
boat.
Teddy
was
also
kidnapped
in
1983
when
his
car
was
hijacked,
and
only
released
--
left
in
an
iron
box
at
the
side
of
a
road
--
after
Nina
paid
an
11
million
dollar
ransom.
Born
in
Shanghai,
Wang
went
to
Hong
Kong
in
1955
to
rejoin
Teddy,
who
ran
a
pharmaceuticals
and
vinyl
business
before
starting
to
dabble
in
property.
By
the
1980s
the
couple
were
part
of
the
booming
city's
glitterati.
Hong
Kong
newspapers
reported
late
last
year
that
Wang
had
ovarian
cancer
that
had
spread
to
her
liver
and
other
organs,
and
had
been
admitted
to
hospital
for
chemotherapy.
Two
firms,
in
which
Nina
Wang
held
stakes,
saw
their
stock
prices
fall
today.
Fashion
retailer
ENM
Holdings
dropped
14
per
cent,
while
China
Solar
Energy
Holdings
Ltd.
lost
2.63
per
cent.
Wang
was
also
a
strategic
investor
in
CITIC
1616,
which
jumped
67
per
cent
on
its
market
debut
the
day
she
died,
and
was
up
1.86
per
cent
today.
Reuters