Kam Shui-Fai’s roast goose restaurant Yung Kee, founded in Hong Kong in 1942 with about $500 in savings, was so successful it won a star in Michelin’s 2009 guide for the city and is now worth at least $169 million.
Nina Wang ’s former feng shui adviser and lover Tony Chan lost a bid for her $12 billion estate, with Hong Kong’s Court of Appeal upholding a ruling that a will in his favor was forged and the property should go to charity.
Deceased property tycoon Nina Wang’s estimated $12 billion fortune will go to her charity foundation after Hong Kong’s top court refused to hear a final bid for the estate from Tony Chan, her former feng shui adviser.
Feng shui master Tony Chan’s fight for property tycoon Nina Wang’s fortune will continue in Hong Kong’s Court of Appeal on January 10, 2011, after an earlier ruling that it belonged to her family foundation.
Nina Wang ’s former feng shui adviser and lover Tony Chan lost an initial bid to have Hong Kong’s highest court consider his claim to Wang’s $12 billion estate that includes Chinachem Group , one of Hong Kong’s biggest closely held real estate developers.
Premier Wen Jiabao said China must continue controls over the property market and that construction of public housing is at a “critical” stage, according to a statement on the central government’s website.