HONG KONG (AP) ­- Nina Wang, a pigtailed Hong Kong businesswoman who turned her slain husband’s fortune into a real-estate empire that made her one of the world’s richest women, has died. She was 69.

Wang’s rise to become Asia’s richest woman, according to Forbes Asia, had the plot elements of a Hollywood movie – sex, romance, crime and courtroom drama.

Born Kung Yu-sam in Shanghai, Wang moved to Hong Kong in the 1950s with Teddy Wang, who founded the Chinachem Group pharmaceutical company.

Teddy Wang was abducted in 1990 as he left Hong Kong’s exclusive Jockey Club. The family paid a $33 million ransom but he was never returned.

Several of the kidnappers were caught and said that the 56-year-old Wang had been thrown into the sea from the sampan – a small Chinese boat – where he was held.

His body was never found and he was declared dead in 1999.

Nina Wang insisted that she believed Teddy Wang was alive and would someday return. He had been kidnapped seven years earlier and released for $11 million ransom.

In her husband’s absence, Nina Wang built Chinachem into a massive private property developer, with office towers and apartment complexes throughout Hong Kong.

Forbes magazine ranked her this year as the world’s No. 204 richest person, with a fortune of $4.2 billion.

Wang captivated the public with her pigtails and garish, girlish outfits. She was nicknamed “Little Sweetie,” the Chinese name of a princess-like character from a Japanese fairy-tale cartoon.

But Wang’s standing came under threat when her father-in-law, Wang Din-shin, challenged her claim to his late son’s fortune.

Wang Din-shin, who is in his 90s, said he was the sole beneficiary of Teddy Wang’s estate, based on a 1968 will.

He questioned a will dated a month before his son disappeared, which left everything to Nina Wang. All four documents in the will contained the handwritten message, “one life, one love,” in English on papers that were otherwise in Chinese.

After a 171-day trial during which Wang Din-shin showed pictures of Nina Wang with an alleged lover, a Hong Kong judge ruled in November 2002 that Nina Wang’s will was fake and she “probably” forged part of it.

Prosecutors charged her with forgery in January 2005 in a separate criminal case. She was released on $7 million bail, a record for Hong Kong at the time.

Hong Kong’s Court of Final Appeal reversed the ruling giving the estate to her father-in-law, saying the signatures on the will appeared authentic.


Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.