Real estate investor and entrepreneur Grant Cardone took aim at California Gov. Gavin Newsom on social media, criticizing him for posting about President Donald Trump instead of addressing pressing issues in the state.
Cardone Calls Out Newsom
“Newsom posting about Trump when he should be worried about the California economy, cleaning up after fires, homeless epidemic & housing affordability,” Cardone wrote on X on March 18. He argued that Newsom is more focused on his media presence than governing, saying, “Newsome is more concerned with his podcast than the 40m people who live in Cali. It's unbelievable to me the citizens don't demand his full attention or tear the capital to the ground.”
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Cardone also claimed California's Medi-Cal program is “officially bankrupt,” highlighting Newsom’s recent request for an additional $2.8 billion to keep it running through June. This comes after the state borrowed $3.4 billion to cover costs through March. “That's $6.2 billion for a program bleeding out—because he insisted on free unlimited healthcare for illegal aliens,” Cardone wrote.
Cardone's History With California
Cardone, a longtime critic of California's economic policies, moved to Florida in 2012 after the state raised income taxes. He has claimed that his departure cost California $1 billion in lost tax revenue over 12 years. “After living there 25 years, we sold our home and real estate holdings and looked for a friendlier business environment,” he wrote in a 2024 post on X.
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In the same post, Cardone shared that since relocating, his businesses have expanded significantly, growing from six employees to 1,000 and increasing revenue from $10 million to $650 million. His company owns 15,000 rental units and $5 billion worth of office space, generating $75 million in property taxes annually.
“My story demonstrates how lower state taxes and favorable economic policies can stimulate business growth, boost employment and contribute significantly to the local and national economy,” Cardone said. He warned that states like California, New York, and Illinois risk losing more businesses and high earners if they continue raising taxes and mismanaging funds.
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A Possible Run For Governor?
Despite his criticisms of California, Cardone has hinted at a possible return. In November, he posted on X that he was “considering moving back to the state of California to run for governor to save the state of California from itself.”
He warned that “America is going to lose one of our greatest resources if we allow the state to run its current course.”
While Cardone has not made any official moves toward running, his recent comments suggest he remains deeply invested in the state's future—and in calling out its leadership.
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