Rudy Giuliani, the former mayor of New York City, has found himself in a challenging financial situation in 2023, leading him to file for bankruptcy. This decision comes as a result of a recent court ruling that found Giuliani liable for defamation against two Georgia election workers.
According to the court ruling, Giuliani must pay $148 million to Ruby Freeman and Wandrea “Shaye” Moss, unless the decision is overturned on appeal. Giuliani had made false statements about both workers, claiming that former President Donald Trump lost the 2020 election in Georgia due to ballot fraud.
What makes Giuliani’s financial situation even more unfortunate is the fact that he failed to apply for a government pension. A report from the New York Post revealed that Giuliani had not applied for a pension, which could have significantly improved his financial standing. If he had filed for a pension after leaving the mayor’s office in 2001, Giuliani could have received annual payments of around $26,000 and collected a total of $442,000 over the last 17 years.
When asked about why he never applied for a pension, Giuliani stated, “Giving back to the city I love,” as the reason. However, he expressed regret and said, “Although I would like to take it now.” Giuliani admitted that he didn’t know how to go about applying for his pension, indicating a lack of knowledge or guidance in this area.
Furthermore, the report revealed that Giuliani is also not receiving a federal pension related to his time served as a U.S. Attorney in New York. This adds to his financial difficulties and highlights missed opportunities for financial security.
Giuliani’s bankruptcy filing disclosed assets between $1 million and $10 million, along with liabilities between $100 million and $500 million. Additionally, he is facing several other lawsuits related to the 2020 election, Hunter Biden, Smartmatic, Dominion Voting Systems, a former assistant, and even his own lawyers. These legal challenges, along with the suspension of his law licenses in both New York and Washington, D.C., have further impacted his finances.
Looking ahead, Giuliani plans to appeal the court ruling related to the 2020 election case against the Georgia workers. His attorney warned that a failure to win the appeal could be devastating for Giuliani, stating that it would be “the end of Mr. Giuliani” and comparing the ruling to the civil equivalent of the death penalty.
It is clear that Giuliani’s financial woes are a combination of legal challenges and missed opportunities for financial stability. As the former mayor continues to navigate through this difficult period, it remains to be seen how these circumstances will unfold and what the future holds for Rudy Giuliani.
