Hui Sai Fan, the 27th richest man in Hong Kong who was also the Chairman of Central Development Limited passed away earlier this month. It is always in the interest of the public to know he would distribute his HK$4.2billion worth of assets under his will.
Sources revealed today that a family trust has been set up and each family member will be entitled to a handsome monthly allowance. It is understood that his socialite son, Julian, who’s married to actress Michelle Reis will receive a whopping monthly allowance of HK$2,000,000. Julian sits on the board of his family’s Central Development. This news has yet to be verified.