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Chinese billionaire living at $78M Sherry-Netherland seeks asylum in US

The penthouse at the Sherry-Netherland hotel and Chinese billionaire Guo Wengui (Credit: Twitter)
The penthouse at the Sherry-Netherland hotel and Chinese billionaire Guo Wengui (Credit: Twitter)

A Chinese billionaire who’s accused powerful officials and businessmen of corruption from his self-imposed exile at the Sherry-Netherland is seeking asylum in the U.S.

Guo Wengui — also known as Miles Kwok — has been holed up in his swanky co-op since 2015. With his tourist visa set to expire this year, Guo is now seeking political asylum on the basis that his accusations have made him a political target in China, his attorney, Thomas Ragland, told the New York Times.

“Asylum offers a level of protection that is different from having a visa status,” Ragland said. “Visas can be canceled or revoked.”

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For nearly two years, Kwok has been largely confined to his New York City apartment, which is on the market for $78 million. On Twitter and YouTube, he’s claimed that Chinese anti-corruption officials secretly control Soho China, one of China’s largest conglomerates. (Some — but not all — of his claims can be corroborated.)

Chinese media have accused Guo of fraud, money laundering and rape, and he’s been sued for libel in the U.S. In April, Interpol issued a warrant for his arrest at the behest of the Chinese government. That month, one of Guo’s former associates confessed in a television interview that Guo had bribed him.

Guo has passports from several countries, including the United Arab Emirates, and is no longer a citizen of China.

In July, a Hong Kong hedge fund moved to block the sale of Guo’s pad at the Sherry-Netherland, arguing that if he’s allowed to do so, he’s likely to move the money outside the U.S. to avoid repaying his debts. [NYT] – E.B. Solomont

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