10X founder and real estate investor Grant Cardone gives an update on his California wildfire-damaged Malibu home, criticizes the blue state government and talks cryptocurrency.
Grant Cardone has built his real estate legacy from coast to coast, but the outspoken business leader is fuming at California's Democratic leadership for not acting sooner to prevent catastrophic 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 on Thursday.
“My message to California – revolt and protest. Demand that those in power be held accountable.”
Cardone allegedly owns one of the last-standing homes in Carbon Beach, which recently suffered five wildfires in the Los Angeles area. At least five people were killed More than 29,000 acres are burning early Thursday, according to Cal Fire.
Insurance proposal in Democrat-run state falls short amid wildfire outrage
As Gov. Gavin Newsom surveys the state's disaster response, Cordon's calls are echoing Recently elected President Donald Trump that Newsom should resign “immediately” citing “serious incompetence.”
10X founder and real estate investor Grant Cardone has called on California Governor Gavin Newsom and Los Angeles Mayor Karen Bass to immediately resign over their “mismanagement” of the devastating wildfires. (Getty Images)
He told Fox Digital that he also wants Los Angeles Mayor Karen Bass to resign as soon as possible.
“I've lived in that area for 35 years. And for years I've said it's a tinderbox waiting to close…Hundreds of billions of dollars in damage across California that could have been prevented if California had really gotten its priorities right. Cardone “Mornings with Maria” additionally stated during an appearance in
“It's a corrupt government that relies on the federal government in emergencies. They only plan their budgets to make more money in emergencies,” he continued. “They said we had a lot of water, but no pressure. If they didn't spend $12 billion on high-speed rail to Vegas or basically anywhere, you'd have that money, one, to bury electrics and provide pressure. To everybody. [water] hydrants.”
CRMBC CEO and insurance industry expert Kaya Stanley explained how there is no state surplus to cover the 'catastrophic' economic losses associated with the Los Angeles wildfires.
Cardone also criticized: “This is a mismanagement of priorities. The state of California, for the last 25 years, has been more interested in the agendas of eccentric, fringe groups than the people of California… Maybe this is what's going to happen, when the people of California have finally had enough and want conservative, common-sense politicians or businessmen.” The government has started voting on the budget to manage them.”
Fox Weather put initial estimates of the damage at around $52 billion, potentially making it The most expensive fire event in US history.
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Fox News contributor Mary Kathryn Hamm and ZUMA Global President Heather Zumarraga discuss California's lack of resources to fight the '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), about 65% of the size of the $1.3 billion homeless budget. An analysis by L.A.'s city comptroller last year found that nearly half the budget goes to the homeless.
“Elon Musk is trying to get to Mars, and we can't get pressure and water in the hydrants? We have plenty of water. We're in the Pacific Ocean,” Cardone responded. “They're going to try to frame it as a climate-warming agenda… It was just mismanagement, a lack of prioritization, the government trying to support these weird agendas rather than the people of California.”
Fox News staff, Fox Weather's Chris Oberholtz and Fox Business' Brek Dumas contributed to this report.