**Hong Kong Tycoon Li Ka-shing’s Pledge to Son Helps End Feud Over Daughter’s Will**.
**August 15, 2022**.
**[Original article](https://mothership.sg/2022/08/hong-kong-tycoon-daughter-will-inheritance-dispute/)**.
**Introduction**.
The recent resolution of a family feud over the inheritance of late Hong Kong socialite Nina Wang Kung Yu-sum has shed light on the complex dynamics of wealthy families and the challenges they face in managing their affairs. At the heart of this dispute was a bitter conflict between Wang’s son, Richard Li Tzar-kai, and her adopted daughter, Anita Yuen Jadon, over the control of her vast fortune. However, the intervention of their patriarch, Li Ka-shing, played a crucial role in bringing the parties together and achieving a settlement..
**Background of the Dispute**.
Nina Wang, once Asia’s wealthiest woman, made headlines in 2007 when she passed away without leaving a will. This ignited a legal battle over her estimated $13 billion fortune between her son, Richard Li, and her adopted daughter, Anita Yuen. Richard Li claimed that his mother had orally promised to transfer her assets to him, while Yuen asserted that she was entitled to the entire inheritance as Wang’s legal heir. The case became a protracted legal battle that dragged on for years, with each side accusing the other of impropriety..
**Li Ka-shing’s Intervention**.
As the dispute escalated, Li Ka-shing, Nina Wang’s former business partner and friend, stepped in to mediate. He held separate meetings with both Richard Li and Anita Yuen, urging them to put aside their differences and work together for the benefit of the family. Li Ka-shing’s intervention was significant, as he is one of Hong Kong’s most respected and influential businessmen. His reputation as a wise and experienced elder statesman carried weight with both parties..
**Settlement Agreement**.
After several rounds of negotiations facilitated by Li Ka-shing, an agreement was finally reached in August 2022. The terms of the settlement are confidential, but it is believed that Richard Li received a majority of his mother’s fortune, while Anita Yuen also received a substantial amount. More importantly, the settlement ended the bitter feud between the two siblings and restored harmony within the family..
**Significance of the Resolution**.
The resolution of the Wang family dispute highlights the importance of family unity and the role of patriarchs in resolving conflicts. The intervention of Li Ka-shing as a respected elder statesman helped to bridge the gap between Richard Li and Anita Yuen and facilitated a settlement that was acceptable to both parties. This case also underscores the challenges faced by wealthy families in managing their affairs and the need for clear and comprehensive estate planning to avoid future disputes..
**Conclusion**.
The resolution of the Wang family dispute is a reminder of the enduring power of family ties and the importance of seeking wise counsel in times of adversity. The intervention of Li Ka-shing as a respected patriarch played a pivotal role in bringing the parties together and achieving a settlement that restored harmony within the family. It serves as a valuable lesson for wealthy families on the importance of open communication, clear estate planning, and the role of trusted advisors in managing their affairs..
