NEW YORK – Rudy Giuliani, the former mayor of New York City, has filed for bankruptcy after being ordered to pay $148 million in damages in a defamation case filed by two Georgia election workers. A jury ruled that Giuliani must pay $16.2 million to Ruby Freeman and $17 million to Wandrea “Shaye” Moss, as well as $20 million each for emotional distress and an additional $75 million in punitive damages.
Giuliani’s bankruptcy filing comes less than a week after the jury’s decision. The judge overseeing the case ordered him to pay the workers immediately, expressing concern that he may not comply with the judgment. The judge also questioned Giuliani’s claims of financial difficulties, noting that he employs a spokesperson.
The case has revealed details about Giuliani’s financial struggles. His attorney argued that paying the damages sought by Moss and Freeman would financially ruin Giuliani. In the past, his net worth was estimated to be over $50 million, with earnings from speaking engagements, a book contract, and his work at a lobbying firm.
However, Giuliani’s financial situation has changed in recent years. He has faced expensive lawsuits and a third divorce, which have taken a toll on his finances. He owes approximately $3 million in legal fees and has listed his Manhattan apartment for $6.5 million.
The exact amount Giuliani can afford to pay in damages remains uncertain. His attorney had argued for smaller damages, emphasizing Giuliani’s reputation as a great man. With his bankruptcy filing, the former mayor’s net worth is believed to be less than $50 million.
Giuliani’s bankruptcy and the massive damages awarded in the defamation case have tarnished the reputation of the man once known as “America’s mayor.” The case highlights the financial struggles faced by individuals involved in high-profile legal battles, even those who were once highly successful.
In conclusion, Rudy Giuliani, the former mayor of New York City, has filed for bankruptcy after being ordered to pay $148 million in damages in a defamation case. The case has shed light on Giuliani’s financial struggles and raises questions about his ability to pay the awarded damages.