Asia's richest woman Nina Wang Kung Yu-sum named one individual as the beneficiary in her will, according to her lawyer. The death of the chairwoman of Chinachem Group on Tuesday has sparked a wave of speculation about who will inherit her fortune, estimated at HK$32.7 billion by Forbes magazine. But that figure could be as high as HK$100 billion because of the booming economy. Wang and her late husband, Teddy Wang Teh-huei, who disappeared after being kidnapped in 1990, did not have any children. The revelation of details of the 69-year-old's will follow claims from sources close to the family that she put a substantial part of her fortune into charitable trusts about three years ago. Other reports have claimed Wang's brother, Kung Yan-sum, would take control of the real estate empire. Her lawyer Jonathan Midgley, of Haldanes, dismissed claims that her will dictated that her fortune was to go to charity. 'Just to confirm there is an individual beneficiary named in the will of Nina Wang, not a charity as some reports suggest,' Mr Midgley said yesterday. 'We are not able, at this time, to name the beneficiary who wishes the matter to remain private.' But speculation persists that Wang had already distributed some of her fortune to other trusts before she died. Various press reports suggested she had earlier passed part of her assets to several charitable trusts. Wang had been working at the company's offices in Tsim Sha Tsui until shortly before her death on Tuesday in the Hong Kong Sanatorium & Hospital. The devoutly Catholic family have decided to bury rather than cremate her body, against her wishes. The last decade of Nina Wang's life was taken up with legal battle with her 96-year-old father-in-law Wang Din-shin for control of Chinachem. The battle centred on whether or not a second, handwritten will by Teddy Wang giving Nina Wang control of the entire estate was genuine. In August 2001, Wang Din-shin told a probate hearing that Nina Wang had confessed to having an affair in 1968 with a warehouse boss. Pictures were taken by a private investigator hired at the request of his furious son. Mr Wang said his daughter-in-law had a 'wicked heart' and claimed she carried contraceptive pills despite his son being infertile. Nina Wang in turn accused her father-in-law of being a womaniser, an opium smoker and of mismanaging Chinachem. In October, the court awarded her legal costs. Nina Wang held out an olive branch to her father-in-law after the victory, saying she would look after him. Wang Din-shin has yet to speak about her death. The Catholic funeral will be held at the Hong Kong Funeral Home in North Point on April 18.