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)
Documentary Highlights China's Pollution Problem
59:02 - Bloomberg Intelligence's Joseph Jacobelli discusses China's pollution problem with Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
  • Opportunity in China's Anti-Pollution Measures: Perrin
  • Jokowi Says Drug Executions Will Go Ahead
  • I Don't Understand Why MH370 Hasn't Been Found: Ross