The Lawfare assault on former President Donald J Trump that is the NY Fraud trial produced a draconian verdict that is sending shockwaves throughout the billionaire class in NY, with former Shark Tank star and current billionaire Kevin O’Leary joining a growing list of wealthy people who are pledging to keep their business out of the state.
It seems when you assault a man for political reasons using lawfare as a means to illegally confiscate his wealth, the wealthy get nervous that the kind of power you’re creating doesn’t offer them the security that the old American model afforded them. Perhaps competition IS better than state protection, after all.
Excerpt:
… On Monday, “Shark Tank” star and famed investor Kevin O’Leary declared that he is ceasing all future investment activities in New York.
He labeled NY a “loser state” due to its political climate and legal persecution of Trump.
O’Leary is now turning his attention to states like Oklahoma, North Dakota, West Virginia, Florida, and Texas for his future business ventures.
Also on Monday, private equity fund manager Grant Cardone, a hugely successful and prominent businessman with $4 billion in assets under management, announced he will “NOT waste time in New York.”…
In a Monday post on X, Cardone said:
“Cardone Capital just started to research real estate investments in New York believing it was time to get into the market.
“After the overreach by the judge in the Trump case & penalties imposed of $355M I told them team do NOT waste time in New York.
“We will 2X our efforts in: Florida, Arizona, Texas, Tennessee.”
CardoneCapital just started to research real estate investments in New York believing it was time to get into the market.
After the over reach by the judge in the Trump case & penalties imposed of $355M I told them team do NOT waste time in New York.
We will 2X our efforts in:… pic.twitter.com/zhpA0Su09K
— Grant Cardone (@GrantCardone) February 19, 2024
About Author
Paul Collier
Paul Collier is the editor of The Freedomist newsite, our Weekday Reports, and our Monthly Publication, Freedomist Intelligence Advisor (previously McAlvany Intelligence Advisor). He has been involved in news publishing since 2003.
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