Waldorf Astoria owned by tiny group of small-time merchants and villagers in China

A search for the owners of the Waldorf Astoria led us to eastern China. We found an unlikely crew of billionaires.

Thursday, September 1, 2016 7:21 PM EDT

A tiny group of small-time merchants and villagers in China control multibillion-dollar stakes in the Anbang Insurance Group, a global deal maker that owns the Waldorf Astoria in New York.
American regulators are now asking who these shareholders are — and whether they are holding their stakes on behalf of others.
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