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)
Equity Valuations Lofty, Earnings Lousy: Morganlander
17:32 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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