Teddy Wang Teh-huei (; 9 September 1933 – missing since 10 April 1990) was a
Chinese businessman and founder of the
Chinachem Group who was kidnapped for
ransom
Ransom refers to the practice of holding a prisoner or item to extort money or property to secure their release. It also refers to the sum of money paid by the other party to secure a captive's freedom.
When ransom means "payment", the word ...
in 1990, and later declared
legally dead
''Legally Dead'' is a 1923 American drama film directed by William Parke and written by Harvey Gates. The film stars Milton Sills, Margaret Campbell, Claire Adams, Eddie Sturgis, Faye O'Neill, and Charles A. Stevenson. The film was released o ...
. His wife,
Nina Wang later launched a lengthy legal battle over her husband's
will
Will may refer to:
Common meanings
* Will and testament, instructions for the disposition of one's property after death
* Will (philosophy), or willpower
* Will (sociology)
* Will, volition (psychology)
* Will, a modal verb - see Shall and will
...
.
Life and career
Teddy Wang was born in
Shanghai
Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...
,
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
to
Wenzhounese
Wenzhounese ( zh, t=溫州話, s=温州话, p= Wēnzhōuhuà, Wenzhounese: ), also known as Oujiang ( zh, t=甌江話, s=瓯江话, p=Ōujiānghuà, labels=no), Tong Au ( zh, t=東甌片, s=东瓯片, p=Dōng'ōupiàn, labels=no) or Au Nyü ( z ...
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, when his
Mercedes-Benz
Mercedes-Benz (), commonly referred to simply as Mercedes and occasionally as Benz, is a German automotive brand that was founded in 1926. Mercedes-Benz AG (a subsidiary of the Mercedes-Benz Group, established in 2019) is based in Stuttgart, ...
was hijacked. 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
A sampan is a relatively flat-bottomed wooden boat found in East, Southeast, and South Asia. It is possibly of Chinese or Austronesian origin. Some sampans include a small shelter on board and may be used as a permanent habitation on in ...
on 13 April. 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.
See also
*
''Crime Story'', based on his final kidnapping
*
List of people who disappeared
Sources
Forbes
References
External links
Corporate Page
{{DEFAULTSORT:Wang, Teddy
1934 births
1990s missing person cases
Billionaires from Shanghai
Businesspeople from Shanghai
Chinachem
Hong Kong billionaires
Hong Kong chief executives
Kidnapped Hong Kong people
Missing Chinese people
Missing person cases in China
People declared dead in absentia