The Chinese real estate tycoon in self-imposed exile at the Sherry-Netherland speaks out

Guo Wengui's friend and former Chinese official was sentenced to life in prison last week

New York /
Dec.December 31, 2018 11:00 AM

Guo Wengui and the Sherry-Netherland penthouse at 781 Fifth Avenue (Credit: Getty Images and Douglas Elliman)

Chinese billionaire and dissident Guo Wengui is increasingly worried about his future following the conviction of one of his friends.

Guo recently spoke to the New York Post from his $67 million penthouse at the Sherry-Netherland on Fifth Avenue, where he has been living while seeking political asylum. His friend and former top Chinese intelligence official Ma Jian was convicted last week for allegedly taking bribes from Guo and has been sentenced to life imprisonment.

Ma said Guo gave him $15.9 million in bribes to expedite his real estate projects, but Guo has denied these charges and said the Chinese government is also coming after him with corruption claims. Guo told the Post that death threats against him from the Chinese government have increased since Ma’s conviction.

China’s Communist Party “wants to break me,” he said. “But I don’t crumble under pressure. I get stronger from it.”

Interpol released a “red notice” seeking Guo’s arrest last year, but the U.S. and China do not have an extradition agreement.

“In China, I had 200 bodyguards, and lots of property, but I was never free,” he told the post. “In America, I have freedom because I trust the country and the system.”

Guo has been trying to sell his Sherry-Netherland penthouse and hired Douglas Elliman’s Richard Steinberg and Istvan Ritz to market it in November, replacing Kathy Sloane of Brown Harris Stevens. The asking price has been reduced multiple times and is currently at $67 million. [NYP] – Eddie Small


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
In the days after Hong Kong circulated its latest virus measures this month, several shops, bars and eateries said they would close (Geology.com, iStock)
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
Signature Bank president and chief executive officer Joseph DePaolo (iStock)
“It’s a good time to make loans:” Multifamily lender smashes earnings record
“It’s a good time to make loans:” Multifamily lender smashes earnings record
Brian Kingston, managing partner & CEO, Brookfield's Real Estate Group and Brookfield Property Partners, in front of Two Blue Slip in Greenpoint (Brookfield Property Partners, Two Blue Slip, iStock)
Brookfield scores $330M refi at Greenpoint Landing
Brookfield scores $330M refi at Greenpoint Landing
Sam Chandan will head NYU Stern’s real estate programs  (samchandan.com, iStock)
NYU Schack Institute Dean Sam Chandan stepping down to join Stern
NYU Schack Institute Dean Sam Chandan stepping down to join Stern
Renderings of 80 South Street (Oceanwide Holdings, iStock)
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
1009-1011 South Congress Avenue and Turnbridge's Andrew Joblon (Music Lane ATX, LinkedIn)
Exclusive: Turnbridge Equities closes $500M Texas recap deal
Exclusive: Turnbridge Equities closes $500M Texas recap deal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...