Teddy Wang

{{Short description|Chinese businessman (1933-disappeared 1990)}}

{{Infobox person

|name= Teddy Wang

|birth_name = Wang Teh-huei

|birth_date = {{birth date|1934|9|9|df=y}}

|birth_place = Shanghai, Republic of China

|disappeared_date = {{Disappeared date and age|1990|4|10|1934|9|9|df=y}}

|disappeared_place = British Hong Kong

|disappeared_status = {{Missing for|1990|4|10}}, declared dead in absentia in 1999

|spouse= {{marriage|Nina Wang|1955}}

|occupation = Founder of Chinachem Group

|father = Wang Din-shin

|mother = Yam Yuk-chen

}}

{{Chinese

|order=ts

|title=Teddy Wang Teh-huei

|t=王德輝

|s=王德辉

|p=Wáng Déhuī

|w=Wang Te-hui

|j=wong4 dak1 fai1

}}

Teddy Wang Teh-huei ({{zh|t=王德輝}}; 9 September 1933 – missing since 10 April 1990{{Cite news|url=http://www.scmp.com/magazines/post-magazine/short-reads/article/2085359/flashback-kidnapping-hong-kong-billionaire-teddy|title=Flashback: the kidnapping of Hong Kong billionaire Teddy Wang|work=South China Morning Post|access-date=2017-08-28}}) was a Chinese businessman and founder of the Chinachem Group who was kidnapped for ransom in 1990, and later declared legally dead. His wife, Nina Wang later launched a lengthy legal battle over her husband's will.

Life and career

Teddy Wang was born in Shanghai, China to Wenzhounese parents, the son of paint and chemical business proprietor Wang Din-shin. He was a childhood playmate of Kung Yu Sam (Nina Wang). In 1948, when she was 11 and he was 15, they renewed their friendship, and they married in 1955. The Wangs moved to Hong Kong, and the business became the Chinachem Group, eventually becoming one of the territory's largest and most powerful companies due to its lucrative pharmaceutical division.

Kidnapping and death in absentia

Wang was abducted on 12 April 1983,{{Cite web|url=http://www.presidiopenthouse.com/hellotaitai/ninawang.html|title=About {{!}} NINA WANG - Asia's richest woman - Hello! TAI TAI.com|website=www.presidiopenthouse.com|access-date=2017-08-28}} when his Mercedes-Benz was hijacked.{{Cite news|url=https://www.forbes.com/2002/11/22/cz_dd_1122wang.html|title=Wang's Legacy: Sex, Lies And Litigation|last=Donovan|first=Doug|date=2002-11-22|work=Forbes|access-date=2017-08-28|language=en}} He was taken away and chained to a bed for eight days until Nina Wang paid a ransom of HK$33 million.

Wang was kidnapped again on 10 April 1990 as he left the Jockey Club in Hong Kong. His abductors demanded HK$60 million. His wife Nina paid an installment of $34 million, but Wang was not returned. Several of the alleged kidnappers were caught and said that the 56-year-old Wang had been thrown into the sea from a sampan on 13 April.{{cite web|url=http://hk.on.cc/hk/bkn/cnt/news/20170416/bkn-20170416060038945-0416_00822_001.html?refer=fn2&eventsection=hk_news&eventid=4028834753c57c3a0153cce7476b347c | title=東網光影：世紀綁架王德輝人間蒸發27年 |publisher=Oriental Daily News |date=16 April 2017}}{{in lang|zh-hant}} His body was never found and he was declared legally dead in 1999. Wang's will was disputed by Nina, the eventual chief beneficiary. According to Nina's personal assistant, she had received phone calls from Teddy up to the year 2000.{{Cite news|url=http://www.scmp.com/article/679485/nina-wang-was-getting-calls-teddy-10-years-after-kidnap-says-former-aide|title=Nina Wang was getting calls from Teddy 10 years after kidnap, says former aide|work=South China Morning Post|access-date=2017-08-28|language=en}}

Sources

[https://archive.today/20130123071212/http://www.forbes.com/estateplanning/2002/11/22/cz_dd_1122wang.html Forbes]
[https://web.archive.org/web/20110516121631/http://www.lycos.com/info/nina-wang--teddy-wang.html Lycos]