Taiwanese billionaire Chang Yung-fa’s foundation sues heirs in $3B inheritance battle
The foundation of late Taiwanese billionaire Chang Yung-fa, founder of Evergreen Group, is seeking NT$1 billion (US$31 million) from his heirs in a dispute over his $3 billion estate, more than a decade after his death.
Taiwanese billionaire Chang Yung-fa's foundation has initiated a $3 billion inheritance lawsuit against his seven heirs, including his widow and children. The foundation claims that Chang had publicly promised to donate his wealth to charity before his death in January 2016, as evidenced by statements in his 2012 autobiography and an audio recording.
The foundation argues that these commitments are legally binding and should be honored, despite the will naming his youngest son as the sole beneficiary. The executors of the estate, however, reject these claims, stating that Chang's will has already been declared valid by the courts and that no legally binding donation agreement exists.
The family inheritance dispute began shortly after Chang's death in 2016, when his sealed will revealed his youngest son as the sole beneficiary, triggering a prolonged dispute over the distribution of his wealth and control of the Evergreen business empire. The latest legal battle centers around whether Chang's public promises to donate his wealth constitute a binding commitment, with the foundation seeking to fulfill his wishes and the executors defending the validity of his will.
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