Nina Wang, born Kung Yu Sum (Chinese: 龔如心; pinyin: Gōng Rúxīn; 29 September 1936[1] – 3 April 2007), was Asia's richest woman, with an estimated net worth of US$4.2 billion at the time of her death.
The earliest will, the authenticity of which is not contested, was dated 1960 and split the estate equally between Teddy's wife Nina, and his father, Wang Din-shin.
[4] On 13 April 2007, Chinachem confirmed in various Hong Kong local newspapers that Wang was first diagnosed with an undisclosed illness back in February 2004.
[4] In an interview with Apple Daily, published on 8 April 2007, Hong Kong shipping tycoon Cecil Chao criticized gambling magnate Stanley Ho, who claimed that Wang's death was a consequence of her being parsimonious.
[citation needed] On 8 April 2007, the Kung family announced they had drawn up a list of 45 people who would be members of the 'funeral arrangement committee'.
On 8 April 2007, Hong Kong newspaper Sunday Morning Post reported that Wang named one individual as the sole beneficiary in her will, according to her lawyer Jonathan Midgley.
[citation needed] On 9 April 2007, Hong Kong newspaper Apple Daily reported that the Kung family insisted that Nina Wang wished to use the largest portion of her multi-billion dollar estate to set up a charity fund for medical and education developments in mainland China.
[citation needed] The day after her funeral, two wills she allegedly wrote in 2002 and 2006 were published separately in Next Magazine and its sister publication, Apple Daily.
Chan declared his intent to appeal, but the following day his home was searched by the police and he was arrested for questioning on suspicion of forgery.