Guo Guangchang’s net worth has rocketed by $1.3billion since the start of the month, according to Forbes’ latest data. The Wolverhampton Wanderers owner is now estimated to be worth an enormous $5.7billion – a huge increase on Forbes’ $4.4billion estimation at the start of April. In addition to running a successful football club, Guangchang’s Fosun International are also leaders in a variety of other fields and hold shares in leading pharmaceutical companies.
Analysis on Forbes’ website reads: “The richest people on Earth are not immune to the coronavirus. As the pandemic tightened its grip on Europe and America, global equity markets imploded, tanking many fortunes.
News of Guangchang’s personal wealth comes shortly after Wolves were rated as the seventh most valuable Premier League club by football finance expert Kieran Maguire. Maguire estimates the club is worth £458million – 10 times what Fosun paid Steve Morgan to purchase it four years ago – and only trail the ‘big six’ in the standings. Wolves made a pre-tax profit of almost £20million for the financial year ending in May 2019 and their turnover was £172.5million – a mind-blowing £146million increase on the previous year.
#PLStories- Scott Parker ‘pleased’ with second-half performance at Man City and describes Guardiola as underestimated #MCFC #AFCB
SCOTT Parker declared himself "pleased" with the way Cherries battled in the second half...
#PLStories- Pep Guardiola compares AFC Bournemouth to Tottenham and confident that Haaland striker problem can be solved #MCFC
PEP Guardiola compared Cherries' offensive tactics as "similar" to Champions League side Tottenham Hotspur,...
Having scored 120 goals across his six seasons as a Liverpool player, Sadio Mane’s...
#PLStories- Thomas Tuchel on Chelsea draw, Antonio Conte, Anthony Taylor, Kante injury #CHELSEAFC #THFC
Thomas, let’s start with the obvious, the handshake and the bust-up? “I just compared...
#PLStories- Nick Pope reveals the qualities Newcastle United showed against Brighton that will take them far #NUFC
Newcastle United goalkeeper Nick Pope believes doing the ‘ugly stuff’ well can take the...