Only a Monthly Allowance: Michelle Reis’ Late Father-In-Law Puts All Money in Trust Fund
Hong Kong billionaire business tycoon Hui Sai-fun (許世勳), who passed away on December 5, 2018 at 97 years old, left behind a huge fortune of over HK$40 billion. After his eldest son Jenkin Hui (許晉乾) passed away in 2014, the media believed that Hui would pass down that fortune to his youngest son Julian Hui (許晉亨), also the husband of former Miss Hong Kong beauty queen Michelle Reis (李嘉欣). But in a surprise turn of events, Hui had invested all of his fortune in a trust fund instead.
According to reports, Julian would only get a portion of the 40 billion—each month, Julian would be get an allowance of approximately HK$2 million from the trust. There are also reports saying that rather than passing down that money to his son, the money would be saved for the descendants of the Hui family.
Netizens were puzzled with this revelation, with some joking that HK$2 million a month isn’t even enough for Michelle Reis to purchase a designer bag.
Michelle Reis, the first Miss Chinese International winner and 1988’s Miss Hong Kong beauty queen, married Julian Hui in 2008. The couple have one son, Jayden Max, born in 2011.
Edit: This article has been corrected from the original, which erroneously stated that the trust fund would go to a “Tsui family” (mistranslated).
This article is written by Addy for JayneStars.com.