Billionaire Bankruptcy Sale: Cars, Yachts & Mansions for Sale - News Directory 3

Billionaire Bankruptcy Sale: Cars, Yachts & Mansions for Sale

January 12, 2026 Victoria Sterling Business
News Context
At a glance
  • 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...
  • As 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...
Original source: businessinsider.com

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.

As 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.

hear’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.

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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.

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

Real ⁤estate listings feature tennis courts, an in-ground pool, a six-car garage, a billiards⁤ room, a gym, and a ‍movie theatre. ‍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.

photo of Miles guo’s Greenwich,⁣ Connecticut, mansion that was entered into evidence in his fraud case.

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

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.

‍ ‍ ⁢ A federal evidence photo of Miles Guo's custo <p loading=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.

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