Rudy Giuliani's Financial Status

Exploring the Legal and Financial Turmoil Surrounding Rudy Giuliani.

by Nouman Rasool
Rudy Giuliani's Financial Status
© Anna Moneymaker/GettyImages

In a landmark ruling, a Washington D.C. jury awarded a staggering $148 million to two Georgia election workers, Ruby Freeman and Wandrea “Shaye” Moss, whose lives were drastically impacted by false claims propagated by Rudy Giuliani.

This verdict marks a significant moment in the ongoing legal battles against those responsible for disseminating conspiracy theories and falsehoods regarding the 2020 election fraud. Rudy Giuliani, the former New York City Mayor and personal lawyer to Donald Trump, was found guilty of defaming Freeman and Moss by falsely accusing them of ballot tampering in Fulton County.

This led to a series of harrowing events for the two, including receiving death threats, visits by Trump supporters to their homes, and a forced retreat into hiding. The jury, empathizing with their plight, awarded Freeman and Moss $148 million in damages for the harm caused by Giuliani's defamation.

However, questions linger about Giuliani's financial capability to fulfill this substantial monetary judgment. John Langford, the plaintiffs' attorney, expressed uncertainties about Giuliani's financial standing on MSNBC's "Alex Wagner Tonight," acknowledging the jury's decision on what Giuliani owes, but casting doubt on his ability to pay.

Giuliani's Financial Strain

Giuliani's financial woes have been a topic of discussion for some time. His legal team, during the defamation lawsuit, attempted to uncover details about his finances but were met with scant information.

Known for lucrative past dealings, Giuliani now appears to be facing significant financial challenges. He is embroiled in a lawsuit by his former lawyer, Robert Costello, for unpaid legal fees amounting to nearly $1.4 million, accumulated from November 2019 to July 2023.

Additionally, The New York Times reported that Giuliani owes almost $3 million in legal expenses, a figure that is expected to rise given his involvement in criminal charges and civil lawsuits related to the 2020 election.

Recent developments suggest Giuliani's financial strain. He has resorted to selling assets, including offering video messages on Cameo and listing his Manhattan luxury apartment for sale at $6.5 million. Despite earning approximately $400,000 annually from a radio show on WABC, a podcast, and a livestream broadcast, these revenues fall short of covering his mounting debts.

Reflecting on Giuliani's past financial status, a 2008 CNN report during his presidential campaign estimated his net worth at over $52 million, with a 2006 income of $17 million predominantly from speaking fees, legal work, and lobbying.

However, his current financial struggles, including efforts to retain his law licenses in D.C. and New York (the latter being suspended in 2021), paint a starkly different picture of his economic health. This raises critical questions about his capacity to compensate Freeman and Moss, potentially altering Giuliani's financial landscape irreversibly.