From Billionaire to Bankrupt: The Fall of Miles Guo

Once a billionaire, Miles Guo now sits in a federal jail in Brooklyn. His life, once filled with luxury, has taken a dramatic turn as his assets are being sold to repay those he defrauded.

A Lavish Lifestyle

Guo's opulent lifestyle included:

• A superyacht
• Custom suits
• A mansion with million-dollar carpets

Seizure of Assets

Since 2022, prosecutors and a bankruptcy trustee have seized:

• Money
• Homes
• Cars
• Jets

They aim to recover funds for thousands of victims in one of the biggest fraud cases in recent history.

Notable Properties

Manhattan Penthouse

• Location: Overlooks Central Park
• Rooms: 15
• Terraces: 2
• Purchase Price: $67.5 million (2015)
• Current Sale Price: $12 million

Connecticut Mansion

• Purchase Price: $4.6 million (2020)
• Sale Price: $7.2 million (2024)
• Rooms: 21
• Amenities: Tennis court, pool, movie theater
• Security: Round-the-clock

Crocker-McMillin Mansion (New Jersey)

• Purchase Price: $26 million (2022)
• Renovation Cost: $18 million
• Bedrooms: 21
• Features: Pipe organ
• Current Sale Price: $19 million

Luxury Vehicles and Jets

• Private Jets: 3
• Fleet of Luxury Cars
• Most Expensive Car: Bugatti Chiron Super Sport ($4.4 million)
• Jet Sold: Cirrus SF50 Vision Jet ($3.5 million)

Superyacht

• Name: Lady May
• Sale Price: $23 million (2023)
• Staterooms: 5
• Guests: Sleeps 10
• Current Sale Price: $29 million

Auctioned Items

Even small items from Guo's penthouse were auctioned off, including:

• Mahogany chest of drawers
• Collection of ceramic figurines

A Cautionary Tale

Guo's fall from grace serves as a reminder that wealth and luxury can be fleeting. His story is a cautionary tale about the dangers of fraud and the consequences of living beyond one's means.