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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCould you get by on a measly $43,000 a month? It seems Rudy Giuliani can't
https://www.theguardian.com/commentisfree/article/2024/may/07/could-you-get-by-measly-43000-a-month-rudy-giuliani-cantTrumps disgraced former attorney somehow frittered away almost $120,000 in January. As a cash-strapped millennial, Im delighted to share some money-saving tips
Bankruptcy is a surprisingly amorphous term. For poor people, it means not having any money. For corporations and the super-wealthy it means a nifty legal strategy that can shield their riches from lawsuits. And for Rudy Giuliani, the disgraced former mayor of New York City and personal attorney of Donald Trump, it means being forced to try to subsist on a measly $43,000 (£34,200) a month.
Half a million dollars in spending money a year might seem a princely sum to the common man, but Sir Rudy (recipient of an honorary knighthood) is anything but. Were talking about a gentleman with elevated tastes here: a bon vivant who, during a legal battle with his estranged third wife, was accused of spending $7,000 on fountain pens and $12,000 on cigars over a five-month period. In that same timeframe, his ex-wifes lawyer claimed he spent $286,000 on his alleged lover, $165,000 on personal travel and $447,938 for his own enjoyment. Thats a lot of enjoyment.
Giulianis spendthrift ways are now facing legal roadblocks. In December, a judge ordered the 79-year-old to pay $148m in damages to two election workers he had baselessly accused of rigging votes in the 2020 US election. Almost immediately, Giuliani who owes creditors $152m in total filed for bankruptcy. Because he is a responsible citizen, Giuliani prepared a strict budget and told a federal bankruptcy court in January that he would spend no more than $43,000 a month. This was supposed to cover necessities and not include frivolities such as entertainment.
Alas, budgeting doesnt seem to come naturally to Giuliani, who ended up frittering away almost $120,000 in January alone (more than double the median US annual salary). It is not entirely clear where all this money went but, according to the New York Times, the information Giuliani provided to creditors lawyers listed 60 transactions on Amazon, multiple entertainment subscriptions, various Apple services Uber rides and payment of some of his business partners personal credit card bill. He hasnt submitted detailed information about his finances since, so its unclear if this level of spending has continued. Still, someone needs to change that mans Amazon password, stat.
Half a million dollars in spending money a year might seem a princely sum to the common man, but Sir Rudy (recipient of an honorary knighthood) is anything but. Were talking about a gentleman with elevated tastes here: a bon vivant who, during a legal battle with his estranged third wife, was accused of spending $7,000 on fountain pens and $12,000 on cigars over a five-month period. In that same timeframe, his ex-wifes lawyer claimed he spent $286,000 on his alleged lover, $165,000 on personal travel and $447,938 for his own enjoyment. Thats a lot of enjoyment.
Giulianis spendthrift ways are now facing legal roadblocks. In December, a judge ordered the 79-year-old to pay $148m in damages to two election workers he had baselessly accused of rigging votes in the 2020 US election. Almost immediately, Giuliani who owes creditors $152m in total filed for bankruptcy. Because he is a responsible citizen, Giuliani prepared a strict budget and told a federal bankruptcy court in January that he would spend no more than $43,000 a month. This was supposed to cover necessities and not include frivolities such as entertainment.
Alas, budgeting doesnt seem to come naturally to Giuliani, who ended up frittering away almost $120,000 in January alone (more than double the median US annual salary). It is not entirely clear where all this money went but, according to the New York Times, the information Giuliani provided to creditors lawyers listed 60 transactions on Amazon, multiple entertainment subscriptions, various Apple services Uber rides and payment of some of his business partners personal credit card bill. He hasnt submitted detailed information about his finances since, so its unclear if this level of spending has continued. Still, someone needs to change that mans Amazon password, stat.
Hat tip to Rhiannon12866 (is that your prison #?)
https://democraticunderground.com/132221838
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Could you get by on a measly $43,000 a month? It seems Rudy Giuliani can't (Original Post)
erronis
May 7
OP
Bettie
(16,155 posts)1. Maybe he shouldn't get such expensive coffees....
or he could try packing a lunch instead of eating out....or he could try to remove all the things from his life that bring him even a second of joy.
Isn't that the advice we always see for how poor people should live?
Sneederbunk
(14,319 posts)2. His bar tab is more than that.
Jerry2144
(2,141 posts)3. I'm not sure I could survive on $43K per month
But Im willing to give it a try. Does anyone know a billionaire willing to support this experiment?
rsdsharp
(9,249 posts)4. Robert Heinlein was right:
People who go broke in a big way never miss any meals. It is the poor jerk who is shy half a slug who must tighten his belt.