Construction on the first phase of the 13 square km park in Haryana state is due to start this year.
At the young age of 15, Wang joined the People's Liberation Army as a guard.
Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.
Others on the list include Warren Buffett and Astrid Menks.
The group is seeking support in England, Spain, Italy, France and Germany by promising more places in an enlarged tournament and higher revenues from broadcasting rights, Marco Bogarelli, the strategic director of Wanda Sports Holding, the Chinese group's sports arm, told the newspaper.
Property giant Dalian Wanda Group Co said on Wednesday it would buy a stake in Spanish soccer champions Atletico Madrid for 45 million euros ($52 million), becoming the first Chinese company to invest in a premier European football club.
Wang ranked second on the list this year, with a fortune of 145 billion yuan.
He is widely admired for maintaining an almost military like discipline and is not known to smoke or drink
This week's digest of weird, true and funny news from around the world
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