Convicted Chinese fraudster Guo Wengui, known by the aliases Ho Wan Kwok and Miles Kwok, is making another attempt to sell his luxurious Manhattan penthouse. This time, he’s asking a significantly reduced price of $24 million, a far cry from the original $86 million asking price. Guo’s journey to owning this penthouse began in 2015 when he purchased it for $67.5 million, residing there while he sought political asylum – a request that ultimately went unfulfilled.
The apartment’s history is as intriguing as its opulent features. Guo, once granted access to the exclusive Sherry-Netherland co-op on Fifth Avenue, allegedly secured his residency thanks to a glowing letter from former British Prime Minister Tony Blair. Blair, who had even dined in the penthouse, vouched for Guo’s character.
However, Guo’s presence in the building soon turned into a nightmare for the co-op board. While awaiting asylum, a mysterious fire broke out in the penthouse, leaving it in a compromised state. This incident, alongside the building’s ongoing issues, significantly contributed to the dramatic price drop.
Despite the fire damage, the penthouse remains a stunning property. Spanning 7,000 square feet, it boasts six bedrooms, 100 feet of frontage overlooking Central Park, and breathtaking views of the Manhattan skyline. It also features three spacious terraces offering panoramic city vistas. According to the listing, the fire damage has been repaired, leaving the space with a clean, white aesthetic.
Guo’s story, though marked by controversy, paints a picture of a complex and ambitious figure. In a 2018 interview, he portrayed himself as a civic-minded billionaire intent on dismantling the Chinese Communist Party (CCP). He attributed his wealth to successful real estate ventures in China, aided by his close ties to top Chinese intelligence official Ma Jian. Despite flaunting his lavish lifestyle, boasting about owning 60 bespoke Brioni suits and handmade Louis Vuitton shoes, Guo claimed to be a Buddhist who disregards material possessions. “But the CCP wanted to take everything away from me – my wealth, my freedom and my dignity,” he stated. “All of this helps show that they can’t.”
With the price slashed by over $60 million, it remains to be seen whether Guo will find a buyer for his once-grand Manhattan penthouse.
