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Gasparino: Corzine Worth $50 Million

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  • Description

    FBN's Charlie Gasparino breaks down how much Jon Corzine is really worth.

  • Duration 2:49
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This transcript is automatically generated

Our thanks the -- conventional wisdom holds that former CEO Jon Corzine and and a global as with.

Hundreds of millions of dollars that I mean it you'd certainly think the media is the firm that just filed for bankruptcy protection last week.

That he was the sealed -- global but is that amount really closer to zero telecast three it was -- exclusive details right 100 million in zero lets everybody difference.

It's not even a hundred I mean there have been reports -- this guy's worth a billion dollars I've seen that out there conventional wisdom is that he's worth about 350.

But I'll tell you when you look at a simple calculation -- would Jon Corzine's worth taking into account.

The impact of the demise of MF global this thing evaporates pretty quick we do little chart here I mean look at -- start with 350.

Look what he spent as governor in on his various political campaigns you know a messy divorce cut that in half.

A little settlement to Carla Katz it was his -- -- Community now he is the -- should be and that global invested investment.

And -- -- -- six nearly six million the MF global investment.

Sources say that he put fifty in there.

Put all that together and look what is left with 53 point one million dollars now this is.

A back of the envelope not precise going by public records which are murky going by newspaper reports that fifty million dollars is what sources -- tell on the Fox Business Network.

But he hasn't he hasn't called me back to confirm or deny -- but I think it's pretty good given the sources -- I have.

Easily a -- fifty million dozen guys.

Look at at 350 to fifty now.

She would be cry from no but here's -- thing that fifty is probably a lot less -- it doesn't take into account.

Any bad investments he's made sources have told us that he's made like everybody else bad investments over the years.

I mean you know his risk taking and and -- global that's any indication give this guy.

As what about representation and now you think those hearings acts gulping ads theoretically you have do you know insurance -- But it doesn't cover everything and by the way if -- fines and settlements.

That comes on top of that this guy's gonna be court of little time I mean disguised net worth is far less than a billion and it's I I'd say it's closer to one.

-- a billion actually be fitness -- should -- be feel sorry for guys were a couple million dollars.

No but it does show you this sort of tremendous fall from grace -- Jon Corzine and this was a guy.

Reached the pinnacle of both politics essentially you know -- US senator governor of a fairly significant state New Jersey.

And Wall Street Goldman Sachs and right now he's pretty humbled by rules say this is one saving Greece financially apparently is his wife he married very well.

So I and -- novel -- We don't know what it zero I married you edited -- -- deport girl from Brooklyn so we don't I got what I got but anyway so that is missing -- -- think -- a story I mean this this guy is taken it both repeat racially.

And clearly financially from this eyes that banks -- on track.

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