How to make millions in a day

February 2nd, 2010

There are three ways but one doesn’t work

My personal research into the subject of becoming a millionaire by 6 this evening tells me that I can do one of two things:

• Win the Lotto.
• Hit the jackpot on a progressive slot machine.

Along comes the feng shui master

This guy, who had an affair with Asia’s richest businesswoman before she died, wanted more from her. He made a wild bid for her multibillion-dollar estate. He actually thought he had invented the third way! Unfortunately, a Hong Kong court deemed his will a forgery on Tuesday and he’s back in line at the Lotto kiosk again today.

Feng Shui

It didn’t orientate the judge! Historically, feng shui was used to orientate buildings – often spiritually significant structures such as tombs, but also dwellings and other structures – in an auspicious manner. Depending on the particular style of feng shui being used, an auspicious site could be determined by reference to local features such as bodies of water, stars, or a compass. Feng shui was suppressed in China during the cultural revolution in the 1960s, but has since seen an increase in popularity, mainly in the USA.

Nina Wang’s fortune

The legal battle over the late Nina Wang’s fortune has fascinated Hong Kong with its often-bizarre stories of Chinese feng shui rituals and illicit love affairs, offering a rare glimpse into the private quarters of the ultra-rich in this money-obsessed city. Feng shui is the Chinese practice of arranging objects or choosing dates to improve one’s fortunes.

The will

Wang died in 2007. The lawsuit centered on two competing wills – the 2006 will held by feng shui master Tony Chan Chun-chuen and a 2002 will that left Wang’s fortune to Chinachem Charitable Foundation Ltd., a charity set up by the late businesswoman and her husband. High Court Judge Lam Man-hon on Tuesday ruled that Chan’s will was a forgery and upheld the 2006 will.

The judgment

The judge accepted that Wang and Chan had an intimate relationship, but “The court does not believe that their relationship was such that Nina was prepared to give him her entire estate irrespective of her other commitments and responsibilities. Giving him gifts or even large sums of money during Nina’s lifetime when he made her happy is one thing. Making him her sole heir in respect of her entire estate is quite different.”

The Wang fortune

Wang inherited the Chinachem Group from her late husband, Teddy Wang, after an eight-year court case against her father-in-law. Teddy Wang was abducted in 1990, and despite the family paying $33 million in ransom, he was never released and his body never found.

In 2007, Forbes magazine ranked Nina Wang No. 204 on their Rich List with a fortune of $4.2 billion, but it is not clear how much her fortune is currently worth because Chinachem Group is a private company.

Tony Chan

Nice try Tony, but you are back in square one!

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This entry was posted on Tuesday, February 2nd, 2010 at 9:42 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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