cheapbag214s |
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Joined: 27 Jun 2013 |
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lavish funeral for tycoon,[link widoczny dla zalogowanych]
The lustre of the ceremony, with millions of dollars worth of Dutch flowers flown in, was in tune with the garish pigtails and bright clothes she liked to wear.
But her life had been one of careful financial management combined with an indomitable fighting spirit,[link widoczny dla zalogowanych], seen best in a mammoth court battle over her late husband's wealth.
Wang,[link widoczny dla zalogowanych], who died April 3 aged 69 of cancer,[link widoczny dla zalogowanych], preferred cheap brands and fried chicken to designer clothes and five-star restaurants and - despite a personal fortune estimated as at least $US4 billion ($4.8bn) - avoided the usual trappings of the high life.
Wang and husband Teddy - who was declared legally dead in 1999, nine years after he was kidnapped and never heard from again - were so thrifty they bought cut-price tickets to shows.
Her frugality was widely documented by the Hong Kong media,[link widoczny dla zalogowanych], who nicknamed her "Little Sweetie'' because her trademark pigtails resembled a Japanese comic character.
Unlike most residents in designer-obsessed and shopaholic Hong Kong,[link widoczny dla zalogowanych], Wang rarely went to malls and had most of her clothes and handbags made by friends.
She opted for factory outlets selling discounted items,[link widoczny dla zalogowanych], eschewing costly beauty salons and using ordinary cosmetics because the name brands were "too expensive,'' China Woman newspaper once noted.
She admitted to Global Entrepreneur magazine that her favourite food was American fast food such as KFC and McDonald's,[link widoczny dla zalogowanych].
Her low-cost lifestyle kept her monthly expenditure below $US385, China Woman said,[link widoczny dla zalogowanych], although while running her late husband's conglomerate Chinachem in the 1990s the firm was earning many times that per minute.
Wang proved a shrewd businesswoman and power player on the political scene.
After taking control of Chinachem she turned it into a multibillion-dollar empire with more than 200 office towers and 400 companies around the world,[link widoczny dla zalogowanych].
Forbes magazine last year estimated her personal fortune at $US4.2bn, 154th in its ranking of the world's richest people.
"I don't have any time to spend my money,[link widoczny dla zalogowanych],'' she was quoted as saying by China Woman.
Rarely seen in public, she had a phalanx of 50 bodyguards because she reportedly received regular death threats.
Teddy Wang built up Chinachem Group,[link widoczny dla zalogowanych], mostly on real estate deals, but his riches led to trouble. He was kidnapped in 1983 and only released after the family paid a ransom of $US11 million.
When he was kidnapped a second time in 1990,[link widoczny dla zalogowanych], the family paid $US60m but he was never seen again.
Wang then took over Chinachem and threw herself into the job - and the legal action brought by Teddy's elderly father Wang Din-shin to take over the company he claimed she had fraudulently inherited,[link widoczny dla zalogowanych].
She and Wang senior traded harsh accusations throughout the case. He said she was an adulterer,[link widoczny dla zalogowanych], while she claimed her late husband was an opium user and womaniser.
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