.jpg "Rudy Giuliani"){kind=small}
The Third Jihad
2008
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Dec 21, 2023 · Giuliani earns approximately $400,000 annually from his radio show, the New York Times reported in August based on an anonymous source, along with some income from his podcast and a livestream...
- Overview
- Giuliani bankruptcy filing
- Financial struggle
- How much is Rudy Giuliani worth?
- How much has Giuliani's net worth changed over the years?
- How much in damages could Giuliani pay?
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Rudy Giuliani followed his time in public service with a lucrative career in the private sector that turned him into a multimillionaire. But the former New York mayor filed for bankruptcy in December 2023 after he was ordered to pay damages of $148 million in a defamation case filed by two Georgia election workers.
A jury of eight Washington, D.C., residents ruled Giuliani must pay $148 million to the election workers, Ruby Freeman and her daughter, Wandrea "Shaye" Moss. Their attorneys had asked the jurors to award $24 million each in damages. Giuliani was earlier found liable for several defamation claims against them.
Giuliani filed for bankruptcy on Thursday, less than a week after the jury said he must pay $148 million to the two workers. And on December 20, the judge overseeing the case ruled that he must pay the workers immediately.
In her scathing ruling, the federal judge suggested the former New York mayor may have been dishonest about his finances and expressing concern he might not comply with the judgment. She also questioned Giuliani's objections that he couldn't afford to pay a large monetary award.
In arguments before the jury entered deliberations last week, Giuliani's attorney had said that paying the requested $48 million "will be the end" of him financially.
The case pitted two election workers against a man who was once dubbed "America's mayor" for his role leading New York after 9/11. In the years following the terrorist attack, he scored lucrative speaking gigs and a $3 million book contract, while also leading a high-priced lobbying firm.
But his attorney recently signaled that Giuliani's pockets aren't deep enough to pay out what Moss and Freeman are seeking as compensation. The financial damages the pair are seeking would be the "civil equivalent of the death penalty," Giuliani's attorney Joe Sibley told the jury earlier this week.
Sibley and Moss and Freeman's attorneys didn't immediately respond to requests for comment.
Giuliani's current net worth could be worth less than $50 million, based on his attorney's comment that the damages sought by Moss and Freeman would "be the end" of him.
About 15 years ago, Giuliani's net worth was more than $50 million, with $15 million of that total from his business activities, including his work with lobbying firm Giuliani Partners, according to CNN. At the time, he earned about $17 million a year, the news outlet reported.
Giuliani faces considerable expenses, hurt by a third divorce and pricey lawsuits, and signs suggest they have taken a financial toll. To generate cash, he's sold 9/11 shirts for $911 and pitched sandals sold by Donald Trump ally Mike Lindell. He also started selling video messages on Cameo for $325 a pop, although his page on the site says Giuliani is no longer available.
Giuliani owes about $3 million in legal fees, according to The New York Times. He earns about $400,00 a year from a radio show and also receives some income from a podcast, but it's not enough to cover his debts, the newspaper reported. Earlier this year, Giuliani's long-term attorney sued him, alleging that the former mayor owes him almost $1.4 million in legal fees.
It's unclear how much Giuliani can afford to pay. Giuliani's attorney earlier had argued that the jury should award smaller damages than what Moss and Freeman were seeking. Sibley, his attorney, told jurors they should compensate the women, but urged them to "remember this is a great man."
—With reporting by the Associated Press.
The former New York mayor filed for bankruptcy in December 2023 after a jury ordered him to pay $148 million to two Georgia election workers he defamed. His net worth could be less than $50 million, down from his peak of more than $50 million 15 years ago.
- Associate Managing Editor, Moneywatch
- 26 min
- CBS News
What is Rudy Giuliani's Net Worth? Rudy Giuliani is an American politician and inactive lawyer who has a net worth of -$150 million. On December 21, 2023 Rudy Giuliani filed for bankruptcy.
Feb 8, 2024 · Giuliani listed nearly $153 million in existing or potential debts and assets worth $1 million to $10 million. But Giuliani’s actual net worth is an open question.
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What is Giuliani's net worth?
Apr 4, 2024 · The best current estimate is dated, but puts Mr Giuliani’s net worth at around $50m, with approximately $15m of that from his business activities, including his worth with his Giuliani...
Dec 21, 2023 · Finance · Bankruptcy. Rudy Giuliani, worth less than $10 million and facing a $148 million defamation judgment, files for bankruptcy. BY Michael R. Sisak, Larry Neumeister and The...
Dec 22, 2023 · Rudy Giuliani filed for Chapter 11 bankruptcy Thursday, one day after the cash-strapped former New York City mayor was ordered to immediately start paying $148 million to two former Georgia ...
