Wolverhampton Wanderers

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.

Fosun has pledged to help in the search for a vaccine to the coronavirus and are also creating Personal Protective Equipment (PPE) which is being distributed across the globe, and that could explain why Guangchang’s net worth has risen so sharply.

By Premier League Museum Admin

English Premier League fan since 1992. Travel enthusiast, sports buff and blog writer with deep interest in watching sports - English premier league, American Football, Basketball, Tennis, Cricket.. you name it.. Firm believer in giving back to the community which gives you happiness and identity. My inspiration - “I alone cannot change the world, but I can cast a stone across the waters to create many ripples.” – Mother Teresa

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