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)
How Will Conservative Legislation Affect Luxury Business?
28:27 - Thomas Flohr, the Chairman and Founder of the high-end private plane operator, VistaJet looks at how measures due to be laid out on Wednesday in the Queen's speech will affect the rich and the luxury businesses they support.
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