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He Was Once China's Richest Man. Then He Lost $40 Billion.

Photo Illustration by Luis G. Rendon/The Daily Beast/GettyIn September 2013, a cadre of Western A-listers followed the money to Qingdao, China, where billionaire Wang Jianlin was breaking ground on a mini-rival to Hollywood that would feature a theme park, a yacht club, and 20 film studios. Leonardo DiCaprio zoomed down the red carpet signing autographs; John Travolta blew the crowd a two-handed kiss; Catherine Zeta-Jones gushed about the arrival of “this dream and this vision;” Nicole Kidman sh ....

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