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)

Holtz-Eakin Says Tax Reform is Key to Trump's Plans
37:08 - Douglas Holtz-Eakin, president at American Action Forum, talks about the need for U.S. tax reform to jump start economic growth. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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