Hidden Chinese Billionaire Cruises to Yacht Clubs

April 26 (Bloomberg) -- Billionaire Wang Dafu has made his fortune building apartment complexes and hotel resorts in China’s Hainan and Guangdong provinces. Now he's betting on yacht clubs amid a rise in affluent Chinese embracing Western sailing culture. Wang, the chairman of property developer Visun Group, has a net worth of at least $1.2 billion, according to the Bloomberg Billionaires Index. Wang has never appeared on an international wealth ranking as a billionaire. Bloomberg's Matthew G. Miller reports. (Source: Bloomberg)

Dubai's Real Estate Market: Where to Next?
48:13 - Jesse Downs, managing director at Phidar Advisory, discusses Dubai's real estate market, the key highlights and her outlook for the industry. She speaks to Yousef Gamal El-Din on Bloomberg Markets Middle East." (Source: Bloomberg)
  • Dubai Risks Losing Allure on Oil Slump
  • Iran Seeks $60B for Petrochemicals
  • Fear Grows as Turkey Crackdown Widens