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Guo Wengui (; born May 10, 1970—self claim or October 5, 1968), also known under the Cantonese name Ho Wan Kwok (), Miles Guo, and Miles Kwok, is a self-exiled Chinese billionaire businessman, political activist, and convicted fraudster who controls Beijing Zenith Holdings (via proxies Li Lin and Jiang Yuehua) and other assets. At the height of his career, he was the 73rd-richest person in China. Guo was accused of corruption and other misdeeds by the Chinese authorities and fled to the United States in late 2014 after learning he was going to be arrested under allegations of bribery, kidnapping, money laundering, fraud, and rape. Guo said the charges were politically motivated and part of a campaign of political retribution carried out against him by the Chinese Communist Party (CCP). Guo is an associate of Steve Bannon and a member of U.S. President Donald Trump's Mar-a-Lago resort in Florida.
Guo claims to be a Whistleblower, but some of his statements were unable to be verified by newspapers such as The New York Times. Between 2018 and 2020, Guo launched two media projects with Bannon, G News and GTV Media Group, which spread misinformation related to the COVID-19 pandemic, including unproven treatments and conspiracy theories about vaccines. In 2021, Guo reached a settlement with the Securities and Exchange Commission to pay $539 million in refunds and fines in connection with illegal fundraising for the companies. In March 2023, Guo was arrested by U.S. federal authorities on fraud charges. In July 2024, Wengui was convicted in New York of defrauding followers. At the sentencing hearing on January 6, 2025, where both Guo and his associate, Yvette Wang, were supposed to be sentenced, only Yvette was sentenced to 10 years in prison for her role. The court is yet to schedule another sentencing date for Guo.
In 2014, Guo departed China after one of his political connections faced arrest. He moved to the United States in 2015. Guo, long prominent in real estate development and investment circles, came to fame in 2015 after a lengthy investigative report by Caixin media, controlled by Hu Shuli, was released, detailing Guo's political connections, business dealings, and tactics against former rivals.
Guo responded by claiming Hu Defamation him and responded with a set of personal accusations against Hu, claiming Hu had a romantic entanglement with his business rival. He opened a Twitter account in early 2017, frequently criticizing individuals within the Chinese establishment. He has reserved particular scorn for He Jintao, the son of former Central Commission for Discipline Inspection secretary He Guoqiang.
Many officials with whom he was said to have ties have fallen under the dragnet of the anti-corruption campaign under Xi Jinping, including Ma Jian, the former deputy director of Chinese Ministry of State Security (MSS), and Zhang Yue, the former Political and Legal Affairs Secretary of Hebei. While generally supportive of General Secretary Xi Jinping, Guo has characterized parts of the corruption campaign as a political witch hunt.
From the beginning of 2017, Guo is in self-imposed exile in New York City, where he owns a US$82 million apartment on the Upper East Side of Manhattan, overlooking Central Park. He has continued to conduct a political agenda to bring attention to corruption in the Chinese political system from his New York home. In November 2018, Guo put the apartment up for sale for US$67 million.
Guo is a member of U.S. President Donald Trump Mar-a-Lago resort in Florida and Mark's Club in Mayfair, London. Since January 23, 2017, Guo accepted multiple interviews with media such as Mingjing, Voice of America (VOA) and BBC. Guo also started a campaign of accusing Chinese officials of corruption through live monologues on his YouTube and Twitter channel. On April 20, Guo's 3-hour live interview with VOA was abruptly terminated by the latter. Newspapers such as The New York Times, Financial Times, and Forbes also reported about Guo and his campaign. One of Guo's targets, HNA Group, sued Guo for defamation in June 2017.
In August 2018, several Hong Kong media, such as Ming Pao and South China Morning Post reported that Hong Kong Police had frozen the assets of the Guo family, accused of money laundering under the name of Guo's daughter Guo Mei. In March 2019, his mother died in China.
The book War for Eternity by Benjamin R. Teitelbaum details Guo's collaboration with Steve Bannon and the latter's attempt to undermine the Chinese government.
On June 3, 2020 (the 31st anniversary of the Tiananmen Square massacre), while aboard Guo's yacht in New York City waterways, he and Steve Bannon participated in an event declaring a "New Federal State of China", a political movement that "would overthrow the Chinese government". In New York City, planes were seen carrying banners which said "Congratulations to Federal State of New China!". In August 2020, Bannon was arrested by federal authorities during an early morning raid on Guo's $35 million luxury yacht, docked in Connecticut, under charges of stealing millions of dollars from the We Build the Wall non-profit organization.In February 2022 Guo filed for chapter 11 bankruptcy. In a filing for the bankruptcy, Guo estimated that his total assets are currently worth between $50,001 and $100,000, while his liabilities range between $100 million and $500 million.
In 2015, Chinese media reported that Zenith Holdings was actually owned by Guo Wengui, and Li Lin and Jiang Yuehua were his proxies.
Zenith Holdings also acquired a minority stake in Founder Securities by underwriting the new shares.
In October 2018, Zenith Holdings was fined Renminbi 60 billion for irregularity in acquiring the securities company. In its ruling, the court in Dalian found that Beijing Zenith had made RMB 11.9 billion in illegal profits.
By June 2017, the Chinese government sent U.S. President Donald Trump a letter, delivered by casino businessman Steve Wynn, requesting for Guo to be deported to China. Unnamed sources "familiar with a meeting" allege that Trump was inclined to deport Guo, a member of his Mar-a-Lago resort, but that his advisors opposed deporting him by reasoning that he could be used for political leverage against China.
In April 2017, Pacific Alliance Asia Opportunity Fund brought suit against Guo in the Commercial Division of New York County, where Guo resided and was seeking asylum from the United States government. In 2008, Pacific Alliance loaned $30 million to Guo's Hong Kong company in connection with the development of Pangu Plaza, site of a "7 Star Hotel" in Beijing near the Olympic arenas. In connection with the loan, Guo signed a personal guarantee. All of the documents and transactions were executed in Hong Kong or China. According to Pacific Alliance, Guo owes approximately $88 million in principal and accrued interest on the loan. In 2020, an apartment worth $55 million that an investment fund bought for Guo's use was seized in a bankruptcy proceeding in connection with the lawsuit.
In July 2017, Chinese actress Fan Bingbing sued Guo for defamation after he alleged that she had slept with CCP leader Wang Qishan.
In August 2017, the Chinese conglomerate HNA Group filed a defamation lawsuit in New York against Guo, said Guo made "repeatedly false and defamatory statements", including a claim that Yao Qing, a nephew of Wang Qishan, former Secretary of the Central Commission for Discipline Inspection and close supporter of General Secretary of the Chinese Communist Party Xi Jinping, is one of HNA's shareholders. HNA said the comments caused the company to lose business and suffer a drop in share prices, but Guo said he welcomes a legal spat with the giant Chinese conglomerate in the United States. In March 2019, however, HNA claimed that Guo's statements had no longer caught public attention and planned to drop this suit. Almost at the same time, Guo posted tweets on his own social media "Guo Media" declaring that he refused to withdraw from the HNA case and would continue.
On November 20, 2018, Guo held a conference with his close friend Steve Bannon in New York about the death of Wang Jian in France, who was the former chairman of HNA Group. During the conference, he announced the establishment of "Rule of Law foundation" for investigations about Chinese government financial activities as well as those of its supporters and offering financial support for businessmen, officials and others who are persecuted by Chinese Communist Party (CCP) and forced to flee overseas like Guo himself. This foundation consists of two parts which are different types of nonprofit organization. One part called "Rule of Law Foundation" is type 501(c)(3) while the other part called "Rule of Law Society" is type 501(c)(4). Kyle Bass serves as the chairman of part 501(c)(3) and Steve Bannon serves as the chairman of part 501(c)(4).
In December 2018, Roger Stone agreed to a settlement with Guo in which Stone would retract a false claim, published , that Guo had donated to Hillary Clinton.
On July 23, 2019, Strategic Vision US LLC, a US commercial research firm which has a commercial dispute with Guo, sued Guo in the US federal court, said Guo was a spy for the CCP. However, this lawsuit was dismissed, and after that Guo filed a US$50 million defamation lawsuit in New York state against several companies and individuals including Strategic Vision US and CNN host Erin Burnett, who called him a spy during the Outfront television program.
In August 2019, it was revealed that the Hong Kong Police Force froze bank accounts of Guo and other family members in 2017, in court documents requesting funds be released filed by Anton Development Limited, a company held by Guo's daughter Guo Mei. The freezing is part of a judicial review against the freezing of various assets linked to Guo and in relation to a HK$32.9 billion (S$5.8 billion) money laundering investigation, where court filings focus on Guo and other family members using their personal bank accounts and the bank accounts of Anton Development Limited and Hong Kong International Funds Investments Limited; the frozen accounts are said to total at least HK$1.56 billion. A writ provided by Anton Development Limited to police reportedly stated that HK$730 million in the frozen accounts were investment funds from a sovereign fund in Abu Dhabi.
Guo and Bannon later co-founded GTV Media Group in 2020, which operates the Chinese video website GTV. The Wall Street Journal later reported that GTV companies were being investigated by federal and state authorities for illegal fundraising. In 2021 the companies reached an SEC settlement to repay over $480 million to more than 5,000 investors as well as $35 million in fines.
In 2020, the New York Times reported that Guo and Steve Bannon had been promoting Chinese virologist Li-Meng Yan. They bought Yan a plane ticket to the United States, provided her accommodation, coached her in media appearances and helped secure interviews with conservative TV hosts including Tucker Carlson. Yan later made unsubstantiated pandemic claims that the COVID-19 virus had been artificially created, however her research was rejected as misinformation by scientists who called her paper as unscientific and "a polemic dressed up in jargon".
According to Foreign Policy, G News pushed false stories and conspiracy theories before and during the 2020 United States presidential election, including disseminating disinformation about Hunter Biden. Guo also had a large following on Twitter that shared the unverified stories immediately after publication. As of December 2020, Guo's Twitter account, which had over half a million followers, has been suspended.
In July 2021, BBC News reported on the collaboration between Steve Bannon and Guo Wengui in disseminating misinformation about election fraud and COVID-19 vaccines, as well as QAnon narratives on social media platforms.
In July 2024, the Ministry of Home Affairs of Singapore, under the Foreign Interference (Countermeasures) Act 2021, directed social media platforms Twitter, Facebook, Instagram, YouTube and TikTok to block nearly 100 social media accounts affliated to Guo. The ministry stated these accounts are not operated by Singaporeans, and forms Guo's hostile information campaign against Singapore. Lianhe Zaobao states the accounts shared Guo's videos claiming that Prime Minister Lawrence Wong is manipulated by the Chinese Communist Party and that Singapore is doomed like Hong Kong.
In December 2020 Teng Biao said Guo had arranged picketing of the homes of Teng and other dissidents, accusing them of conspiring with the Chinese government. This led to conflicting theories about what Guo was trying to achieve.
His sentencing is scheduled for November 19, 2024.
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