10X founder and real estate investor Grant Cardone gives an update on his Malibu home damaged by California wildfires, criticizes the blue state government and talks cryptocurrency.
Grant Cardone built his real estate legacy from coast to coast, but the outspoken business leader is furious with California’s Democratic leaders for not acting sooner to prevent disastrous wildfire damage after his Malibu home collapsed in flames.
“You cut budgets when you should have increased them. You said you were ready but you weren’t. You were wrong on both counts. Hold yourselves accountable and resign,” Cardone told Fox News Digital Thursday.
“My message to California – revolt and protest. Demand that those in power be held accountable.”
Cardone reportedly owns one of the last homes in Carbon Beach, which recently fell victim to the five wildfires that ravaged the Los Angeles area. At least five people were killed and more than 29,000 acres continue to burn as of Thursday morning, according to Cal Fire.
INSURANCE PROPOSAL IN DEMOCRATIC-RUN STATE FAILS BECAUSE OF WILDFIRES
With Gov. Gavin Newsom on the ground assessing the state’s disaster response, Cardone echoed the calls being made. recently by President-elect Donald Trump that Newsom should resign “immediately,” citing “gross incompetence.”
10X founder and real estate investor Grant Cardone has called for the immediate resignation of California Governor Gavin Newsom and Los Angeles Mayor Karen Bass over their “mishandling” of the devastating wildfires. (Getty Images)
He told Fox Digital that he also wants Los Angeles Mayor Karen Bass to resign as quickly as possible.
“I lived in this area for 35 years. And for years I said it was a powder keg waiting to explode… There are hundreds of billions of dollars of damage across California that could have been avoided if California had really got its priorities straight,” Cardone also said during an appearance on “Mornings with Maria.”
“This is a corrupt government that depends on the federal government in emergencies. They make more money in emergencies than just planning their budget,” he continued. “They said we have plenty of water, but we have no pressure. If they didn’t spend $12 billion on high-speed trains going to Las Vegas or basically anywhere, you would have this money to, firstly, bury the electricity and provide pressure to all. [water] fire hydrants.”
Kaya Stanley, CEO of CRMBC and an insurance industry expert, says there is no state surplus to cover “catastrophic” economic losses associated with the Los Angeles wildfires.
Cardone further criticized: “This is poor priority management. The State of California, for 25 years, has been more interested in the agendas of abnormal and marginal groups than in the people of California… Maybe this will be it, when the people of California finally have had enough and start to vote for conservative, common-sense politicians or businessmen in government to manage their budgets.
FOX Weather reported that early estimates place damage costs at around $52 billion, which could make it the the costliest wildfire in the history of the United States.
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Fox News contributor Mary Katharine Ham and Heather Zumarraga, president of Zuma Global, discuss California’s lack of resources to fight “heartbreaking” wildfires on “Making Money.”
City government data also shows that for the 2023-2024 fiscal year, Los Angeles has budgeted $837 million for the Los Angeles Fire Department (LAFD), approximately 65% of the size of the city government’s budget. homeless population of $1.3 billion. An analysis last year by the Los Angeles city comptroller found that about half of the homeless budget was unspent.
“Elon Musk is trying to go to Mars, and we can’t get the pressure and the water to the hydrants? We have a lot of water. We’re on the Pacific,” Cardone responded. “They’re going to try to pass this off as a global warming program… It was just mismanagement, a lack of priorities, the government trying to manage fringe groups and support these weird programs rather than the things that are of concern truly California people.”
Fox News staff Chris Oberholtz of FOX Weather and Breck Dumas of FOX Business contributed to this report.
