The Chinese Businessman Guo Wengui has been arrested and charged with alleged fraud conspiracy. Take a look at Guo Wengui net worth before his arrest.
Guo Wengui is a banished Chinese billionaire businessman who is also known by multiple names as Guo Haoyu, Miles Guo, and Miles Kwok,
Besides, he became a political activist and handled Beijing Zenith Holdings and other assets. At the growing stage of his career, Guo was named the 73rd richest person in China.
Apart from his professional career, he often gains the media limelight for fraud cases and charges. The businessman was accused of corruption and other wrongdoings by the Chinese authorities.
Wengui fled to the United States after knowing he would be arrested under allegations of Kidnapping, money laundering, rape and more reported in the name of Guo.
Guo Wengui Net Worth Before Arrest
There are hardly a few people who don’t know about Guo Wengui and his misdeeds. Guo was a leading businessman again in public attention as he was arrested with fraud allegations.
So, netizens are concerned about his networth before the arrest, estimated to be $50,001 and $100,000. He is one time China’s wealthiest businessmen.
Guo’s current net worth has degraded many times from his previous earnings. Similarly, his liabilities are between $100 million and $500 million.
Similarly, in February 2022, Guo filed for chapter 11 bankruptcy, and his after-arrest brought a drastic change in his professional career of Guo.
Since the beginning of his business career, he has been apprehended for multiple cases recently; during the pandemic, Guo is reportedly using an online misinformation network where he was seen promoting the unproven treatments for COVID-19.
So, being a one-time billionaire, Guo’s current networth is estimated to be thousands of dollars.
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Steve Bannon Associate Accused Of $1 billion Fraud
Guo Wengui and the former Donald Trump adviser, Steve Bannon, were arrested in New York on Wednesday morning. Further, they were charged with defrauding or misappropriating investor money using different schemes.
Similarly, Guo and Steve have been reported to associates accused of $ 1 billion fraud. Furthermore, the jurist revealed that the money was issued in the way he promised potential investors.
Likewise, Guo primarily promised funds to invest in a hedge fund to benefit GTV and a relative. According to the U.S. attorney, the charges include wire fraud, securities fraud, bank fraud and money laundering.
Who Is Guo Wengui- Age And Wikipedia Bio
Guo Wengui is 53 years old as of the current date, and he was born on May 10, 1970. Further, Wengui’s birthplace is Shen County, Shandong, China.
More, he is the seventh of eight children and being a business enthusiast from his early career, Guo started his business career in Zhengzhou.
In 2014 he moved from China to the United States after one of his political connections faced arrest. Guo long prominence in real estate, came to fame in 2015.
Additionally, in 2022, the exiled businessman filed for chapter 11 bankruptcy, where Guo estimated that his total assets are currently worth between $50,001 and $100,000.
More than his professional career, Guo’s criminal records are vital, and today public knows him for his black truth. In 2017, an Interpol notice was issued for Guo’s arrest, proposed by the Chinese government.
More to this, multiple companies sued his Pangu Investment and Zenith Holdings in the United States supreme court.