HomeBusiness'I will never do business in New York City'

‘I will never do business in New York City’

Grant Cardone slams NYC after Trump statement: ‘I will never do business in New York City’

Real estate mogul Grant Cardone said he will never do business in New York City again after former President Donald Trump was found guilty of all 34 charges in his hush money trial.

In a May 30 post on . and cannot do business in New York.

The post includes an image of a Fox News video from February in which Cardone said he would “immediately cease” doing business in New York City. The Fox News interview came after New York Judge Arthur Engoron ruled that Trump and his organizations are owed more than $345 million in damages plus 9% interest and the former president was banned from running a business as an officer or director in the state for three years.

Do not miss it:

During that interview, Cardone said the risks outweigh the opportunities and that New York was showing its politicization when it comes to business.

See also  April PCE inflation neither too hot nor cool

‘At Cardone Capital we invest for 14,000 investors who depend on cash flow. And if I can’t predict cash flow because of a ruling, or because of the migrants, or because I can’t deport people, New York City just keeps going. are doing everything they can to sell real estate in Florida, not real estate in New York,” Cardone said.

After Thursday’s ruling, Cardone encouraged his followers to send a message by donating to the $355 million Unjust Judgment gofundme account created by his wife Elena. To date, this effort has raised more than 34,000 contributions, amounting to more than $2 million.

Popular: Warren Buffett turned his neighbor’s $67,000 savings into a $50 million fortune – How much is that worth today?

“Any amount sends a message [that] we support Donald Trump,” he wrote.

“Given the circumstances, my husband and I have now also decided to cancel all future events in New York and cease all our real estate activities there,” Elena Cardone wrote on the gofundme page. “I don’t believe New York is safe or a place to do business right now.”

See also  Where will Nvidia stock be in 5 years?

In the days leading up to the verdict, Cardone indicated that he planned to invest $500 million in New York City, but diverted the money to Florida because New York is too risky. He said the state has violated the First Amendment, weaponized the justice system, is unfriendly to property owners and that crime has spiraled out of control.

“New Yorkers get a grip on those in power or risk losing your great state forever,” he wrote.

Keep reading:

“SECRET WEAPON OF ACTIVE INVESTORS” Boost your stock market game with the #1 trading tool for “news & everything else”: Benzinga Pro – Click here to start your 14-day trial now!

Want the latest stock analysis from Benzinga?

This article Grant Cardone Slams NYC After Trump Says: ‘I Will Never Do Business in New York City’ originally appeared on Benzinga.com

© 2024 Benzinga.nl. Benzinga does not provide investment advice. All rights reserved.

See also  Carnival and other cruise stocks are falling due to price concerns
- Advertisement -
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments