Guo Wengui Biography
Guo Wengui is a wealthy Chinese businessman who became a political activist and currently controls Beijing Zenith Holdings and other properties via proxies Li Lin and Jiang Yuehua. He was the 73rd richest person in China during the peak of his career.
How old is Guo Wengui? – Age
He is 53 years old as of 10 May 2023. He was born in 1970 in Shen County, Liaocheng, China. Guo is also known as Ho Wan Kwok, Miles Guo, and Miles Kwok.
Guo Wengui Family
Guo was born and raised in Shen County, Shandong, China, the seventh of eight children born to Guo Jinfu, Guo Jinliang, and Wu Yuexiang. Among his siblings are; Guo Wenbin and Guo Wencun.
Guo Wengui Wife- Daughter- Son
He is married to Yue Qingzhi. The couple has two children; Guo Qiang and Guo Mei. However, information regarding his children is still un available.
Guo Wengui Beijing Zenith Holdings
Li Lin and Jiang Yuehua owned Beijing Zenith Holdings through two corporate entities in 2013. State-owned Founder Group’s PKU Healthcare Group sold the company minority ownership in PKU Healthcare. Beijing Zenith Holdings, on the other hand, is accused of failing to pay PKU Healthcare Group after the shares had been transferred. Beijing Zenith Holdings allegedly borrowed money from PKU Resources Group Holdings, a subsidiary business of PKU Healthcare Group, to complete the payment. The China Securities Regulatory Commission punished all three companies in 2016.
In 2015, Chinese media alleged that Guo Wengui owned Zenith Holdings and that Li Lin and Jiang Yuehua were his proxies. By sponsoring the new shares, Zenith Holdings also acquired minority ownership in Founder Securities. Zenith Holdings was fined CNY 60 billion in October 2018 for irregularities in the acquisition of the securities firm. Beijing Zenith made RMB 11.9 billion in illicit earnings, according to a Dalian court verdict.
Guo Wengui Criminal Charges
Guo’s arrest was requested by the Chinese government and an Interpol alert was issued in April 2017. Staff from Pangu Investment, another of Guo’s investment vehicles, were accused in June 2017 of defrauding banks on loans. All of the accused staff employees claimed that they were acting on Guo’s orders.
By June 2017, the Chinese government had submitted a letter to US President Donald Trump, delivered by casino mogul Steve Wynn, asking for Guo’s deportation to China. According to unnamed sources “associated with [a] meeting,” Trump was tempted to deport Guo, a member of his Mar-a-Lago club, but his advisers objected because he could be used as political leverage against China.
Guo Wengui Civil Lawsuits
Several companies sued Guo’s Pangu Investment and Zenith Holdings in a US civil court to recover a non-performing debt that the companies allegedly lent to Guo. Guo owes about $88 million in principal and interest on the loan, according to Pacific Alliance. In conjunction with the litigation, a $55 million apartment was seized in a bankruptcy proceeding in 2020. Guo was sued for defamation by HNA Group in August 2017, alleging that he made “repeatedly false and defamatory claims.” Guo Ping announced the founding of the “Rule of Law Foundation” on November 20, 2018, a non-profit organization that provides financial assistance to persons who have been persecuted by the Communist Party of China and have been forced to flee to other countries.
Guo made the initial donation of $100 million, and Roger Stone agreed to recant a false claim that Guo had donated to Hillary Clinton, which he made about 2015-2016. Guo and other family members’ bank accounts were reportedly frozen by the Hong Kong Police Force in 2017; the accounts are claimed to be worth at least HK$1.56 billion. According to a writ submitted to police by Anton Development Limited, the frozen accounts contained HK$730 million in investment capital from Abu Dhabi.
Guo Wengui G News
G News is a website run by Guo Media, a company linked to Guo, in collaboration with Steve Bannon, the former executive chairman of Breitbart News and a former Trump administration adviser. From August 2018 until August 2019, Guo Media paid Bannon $1 million in exchange for consultancy services, and Bannon maintains an office at Guo Media’s headquarters. Guo and Bannon appear frequently in G News videos critical of the Chinese government. Guo and Bannon went on to co-found GTV Media Group, which runs the Chinese video platform GTV, in 2020.
Guo Wengui Career
He gave the police a sex tape from a Beijing deputy mayor in 2006. Guo was able to construct the Pangu Plaza after the deputy mayor was imprisoned. Guo left China in 2014 after one of his political connections was arrested. In 2015, he relocated to New York City, where he now lives in self-imposed exile. Since January 2017, Guo Jianhua has been holding live monologues on his YouTube and Twitter channels accusing Chinese authorities of corruption.
Guo’s mother died in March 2019, and one of Guo’s targets, HNA Group, sued him for defamation in June 2017. Guo filed for chapter 11 bankruptcy in February 2022, estimating his total assets to be between $50,000 and $100,000 and his liabilities to be between $100 million and $500 million.
Guo Wengui Salary
Guo assessed his total assets to be valued between $50,001 and $100,000 in a bankruptcy petition.
Guo Wengui Net Worth
His liabilities are estimated to be worth between $100 million and $500 million.