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A billionaire's life is on the auction block. The fire sale includes a Gilded Age mansion and a 15-room NYC penthouse.

Miles Guo in his NYC apartment in 2017
  • Miles Guo's homes, luxury cars, and private jets are being sold off in bankruptcy court.
  • The former billionaire, meanwhile, is awaiting sentencing on fraud and racketeering conspiracy.
  • Guo's properties included a superyacht and high-end real estate in NYC, New Jersey, and Connecticut.

Miles Guo's home these days is a federal jail in Brooklyn. His life was once dizzyingly more fabulous.

The fraud-convicted one-time billionaire sailed on a gleaming superyacht, wore custom-tailored Brioni suits, and strode through his Gilded Age mansion on a million-dollar cushion of Chinese and Persian carpets.

Since 2022, the cash, homes, luxury cars, and private jets of Guo's suptuous former life have been picked over by prosecutors, the Securities and Exchange Commission, and a federal bankruptcy trustee — all trying to claw back money for thousands of creditors and victims in one of the most sprawling fraud cases in recent history.

Guo — aka Ho Wan Kwok and Guo Wengui — lived so lavishly that the liquidation process has taken three years and counting.

Here's a look at some of the priciest assets that, piece by extravagant piece, are being sold off as part of Guo's ongoing 2022 federal bankruptcy case.

The penthouse overlooking Central Park

Federal prosecutors say Guo starred in Mandarin-language music videos and livestreams that enticed victims from around the world into investing $1.3 billion in his various anti-China and cryptocurrency schemes.

Many of the videos show him in his 15-room Manhattan penthouse, gazing triumphantly at the city from either of two terraces overlooking Central Park.

A man looks over Central Park from a skyrise

The 7,000-square-foot home occupies the entirety of the 18th floor of the Sherry-Netherland Hotel on Fifth Avenue, and is now being sold off as part of the bankruptcy.

Brokers at Compass are asking $12 million — far less than the $67.5 million Guo paid for it in 2015, shortly upon his arrival from China on the heels of a corruption investigation there.

Photos in the listing show "five expansive entertaining rooms" with a master suite that features a walk-in dressing room larger than many NYC studio apartments.

It was here that Guo was arrested by federal agents in 2023.

Convicted in Manhattan of federal racketeering conspiracy in 2024, Guo's sentencing and a final ruling on forfeiture have been delayed five times, in part due to the complexity of his finances.

The Connecticut starter mansion

Guo's Greenwich, Connecticut, mansion was sold for the benefit of the bankruptcy estate in 2024 for $7.2 million.

The 21-room, seven-bedroom home, which Guo bought for $4.6 million in 2020, borders the Stanwich Club golf course. Real estate listings feature tennis courts, an in-ground pool, a six-car garage, a billiards room, a gym, and a movie theater. Well-trimmed ivy climbs the stone and wood-shingled exterior.

Photo of Miles Guo's Greenwich, Connecticut, mansion that was entered into evidence in his fraud case.

Federal prosecutors say the home featured bulletproof glass and that Guo employed round-the-clock security in the three years he lived there.

The Gilded Age trophy mansion

Located 25 miles from New York City in Mahwah, New Jersey, the historic Crocker-McMillin mansion is the last and most elaborate of the three addresses Guo purchased and then lost control of in the ongoing bankruptcy litigation.

The home's ceiling murals, elaborately carved railings, and other Gilded Age vestiges can be seen in real estate listings; brokers at Compass are asking $19 million.

Crocker-McMillin listing by Compass

According to court filings and other online records, Guo bought the 21-bedroom estate for $26 million in 2022.

He was in the midst of spending another $18 million renovating and furnishing the Jacobean-styled home — built in 1907 by railroad heir George Crocker and modeled after England's Bramshill House — when he was arrested.

Guo's plans included outfitting separate wings for his wife, his son, and his daughter. Federal prosecutors say he'd already purchased $978,000 in carpets, a $62,000, eight-foot-diameter Samsung television, and something his indictment called a $53,000 "Louis XV-style gilt bronze fireplace log cradle."

The filings don't say if Guo intended to keep the mansion's floor-to-ceiling pipe organ, which likely came in handy during the seven decades the home was a Catholic seminary.

Three personal jets and a fleet of cars

Just two weeks ago, Guo's Cirrus SF50 Vision Jet — a seven-seater he'd purchased in 2019 — was sold back to Cirrus as part of the bankruptcy, for $3.5 million. A second private jet, a Bombardier Global XRS, netted some $12 million.

The estate has yet to sell Guo's third and last personal aircraft, a four-seat Cirrus SR22 single-engine propeller plane.

Guo's ground-transportation options were also lavish, including a dozen top-end motorcycles and luxury cars, also being litigated for sale in the bankruptcy.

A Lamborghini Aventador SVJ Roadster was seized by the feds from the six-car garage at the Connecticut mansion. And his videos still show him tooling around in his $3.5 million red Ferrari.

Miles Guo's custom-built $4.5 million Bugatti Chiron Super Sport.

The most expensive of the cars is a $4.4 million custom Bugatti Chiron Super Sport.

The Lady May superyacht

Guo's motor yacht, the Lady May, was the first big-ticket item to go on the auction block — in all her shimmering aluminum, white marble, and Macassar ebony glory.

He spent 41 million euros in fraud proceeds (worth $48 million today) to buy the vessel in 2018. The bankruptcy trustee recovered half that sum — $23 million — three summers ago, selling it, according to bankruptcy filings, to New England auto dealership magnate Herb Chambers.

Listing for a refurbished Lady May

The boat boasts five staterooms that can sleep 10 guests, including an owner's cabin with a spacious dressing room and his-and-hers en-suite bathrooms.

Guo's pal and business partner, Steve Bannon, was infamously arrested on board in August 2020.

Yacht lovers who missed the 2023 bankruptcy sale have another chance to own it. Now refurbished, renamed "Excellence V," and docked in Fort Lauderdale, the Lady May is listed for sale by yacht brokers Edmiston & Company for $29 million.

Guo's videos, still online, show him stalking the yacht's bleached teak decks as he smokes cigars, raps in Mandarin about his wealth, and aims martial arts kicks at the camera.

Nothing is too small to sell

In June, a hodge-podge of furniture, light fixtures, wall hangings, tableware, and knickknacks — 156 items, all from the Manhattan penthouse — were put on the virtual auction block in Connecticut.

The sale included an ornate mahogany chest of drawers that had been cryptically referred to in Guo's criminal file as "A Louis XV Style French Ormolu-Mounted Mahogany Commode by Joseph Emmanuel Zweiner." "Veneer damage" and "right and left side cracking," the auction listing read.

A collection of six small ceramic figurines was listed together as "Misc. Oriental Items" and included a "Damaged & Broken Pig." Even a "Lot of (2) small trash cans" was up for bidding.

An auction listing for furnishings from Miles Guo's Manhattan penthouse included a "Lot of (2) Small Trash Cans."

The bankruptcy file sheds no light on the fate of the racks of hand-tailored Italian suits Guo spoke of while sitting in the library of his penthouse during a 2018 interview with the New York Post.

"I have 60 custom-made Brioni suits and handmade Louis Vuitton shoes," he told the tabloid, which said he added, "I don't care about things. I'm a Buddhist."

Read the original article on Business Insider
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