Charlie Kirk's Life Insurance Exposed! What You DON'T Know.

[00:00] Wow.

[00:00] >> Yeah. And and so you have to ask

[00:02] yourself who who did this? Did Charlie

[00:05] do this or did Erica do this? I don't

[00:07] know because we'll never get to see the

[00:09] policy, but I would love to see the

[00:10] policy because to me it feels like what

[00:12] we've seen now from Erica, she's

[00:14] connected enough. I don't think it's out

[00:16] of the question that she could have

[00:18] finagled something where she did this,

[00:19] you know.

[00:20] >> Now, just for the audience

[00:21] clarification, Brian, when you say she's

[00:23] connected enough, are you saying

[00:25] connected enough to turn to Point USA or

[00:26] connected enough to something else?

[00:28] >> To something else. I follow you.

[00:31] >> Oh yeah, Diddy got a podcast.

[00:37] >> Like, is the world really a better place

[00:39] because of Turning Point? I think that's

[00:40] hard to quantify. That'd be hard to

[00:42] prove because we don't really see that,

[00:44] you know? We just see everyone making

[00:46] more money, buying bigger houses, flying

[00:49] private.

[00:49] >> Yeah. Oh, yeah. Speaking of that, that's

[00:51] on somewhere in here. It spoke about how

[00:53] much was spent on like private planes or

[00:56] something. in in one of the years

[00:58] 198,000 first class and charter. That's

[01:00] just on the jet. That's [laughter] not

[01:01] even a number of the hotel. Yeah.

[01:03] >> And let I I I I just really want people

[01:06] Let me zoom zone.

[01:08] >> If you need the page, it's page 16 right

[01:09] at the bottom.

[01:10] >> Okay. But I want to make sure people

[01:12] understand this part. So 80 almost so

[01:15] basically $81 million at the However,

[01:18] despite making 81 million, let me make

[01:21] sure I'm saying it correctly. Yes. in

[01:23] total 81 million in total expenses. They

[01:26] had at the end of 2023 only $4 million

[01:29] in cash and 5.67 in savings

[01:32] >> and that's per their balance sheet. So

[01:34] again, everything in here is from their

[01:36] own IRS filing. You know, they have a

[01:38] balance sheet, they have an income

[01:39] statement, and that's just what it shows

[01:41] on the balance sheet. So it makes sense

[01:43] in the sense when Candace says, "Hey,

[01:45] Charlie's worried about blowing the

[01:46] money because they're left with 5

[01:48] million, you know, three million at the

[01:50] end of the year." So they do blow it.

[01:51] And yeah, here's the private private

[01:53] jets. 198,000.

[01:55] >> Man,

[01:57] boy, that's crazy, man.

[02:00] >> Yeah, I don't think travel a lot, but

[02:02] that's 200 grand just on the jet.

[02:05] >> Just on the jet. How about all the

[02:06] security, the the the car services that

[02:09] are waiting for him, you know, the

[02:11] hotels? I don't think he's staying at a

[02:12] red roof. So you start to to look and

[02:15] it's just like yeah they're living the

[02:16] good life on the dime of the donor, you

[02:19] know, not like they're adding value.

[02:21] It's just simply on the dime of the

[02:23] donor. I think next we should cover this

[02:25] section right below this. I found this.

[02:27] It's hard to surprise me because I've

[02:28] been doing this so long and this really

[02:30] took me back. Let's try and like kind of

[02:32] clearly explain what's going on here.

[02:34] >> Okay.

[02:35] >> In 20, let me make sure I got the right.

[02:36] In 2023, I found somewhere near the

[02:39] bottom that they Charlie Kirk or Erica

[02:42] Kirk rather, I'm not sure which one, but

[02:44] created an LLC called GG uh LF.

[02:48] Interestingly, if you know, one of the

[02:50] kids' names is Gigi. [clears throat] So,

[02:52] I'm speculating. First, let me explain

[02:54] what this is, then I'll speculate as to

[02:55] what I think happened here. So, this is

[02:57] not uncommon. You use these life

[02:59] policies in the event if the guy who's

[03:01] running the nonprofit is like the face

[03:03] of the company, right? Elon Musk is the

[03:05] face of Tesla. Charlie Kirk, the face of

[03:07] this. You can kind of protect yourself,

[03:10] I guess, financially. So, you take this

[03:12] out. If something happens to him, you

[03:13] get a a portion of it, a very small

[03:15] portion, by the way, and then Erica or

[03:17] the beneficiary gets the rest. Timing is

[03:20] odd because it's 2023. Remember,

[03:23] Charlie's been the face of this thing, I

[03:25] would say, at least since 2017. I know

[03:27] it started in 2012, but meaning like

[03:29] where he was on the map, everyone knew

[03:31] 2017. that it took six years for them to

[03:34] think, oh, we should uh, you know, get a

[03:36] policy, but uh, so they did anyway. And

[03:39] it's a massive premium, 350,000 a year.

[03:42] It could be upwards of 1020 million.

[03:44] Erica's again, I'm assuming, Erica, the

[03:45] beneficiary is going to get because of

[03:47] how high the premium is, right?

[03:49] >> How much premiums usually, and I know

[03:51] I'm asking you that on the spot, is it

[03:53] 100,000,

[03:54] 50,000?

[03:55] >> I mean, I I guess it depends on on your

[03:57] net worth. like someone like me, it's I

[03:59] mean way way lower, you know, maybe

[04:01] 5,000 a year I was paying for for mine

[04:04] and this is 350. Again, Charlie Kirk is

[04:06] obviously a lot richer than me, but just

[04:08] to put into context.

[04:09] >> Wow.

[04:10] >> I think mine was four or 5,000 a year.

[04:12] >> Wow.

[04:13] >> And I pay mine. I love what they did

[04:15] here. Turning Point pays it. So just

[04:17] >> And that's totally legal. Well, I guess

[04:19] it would be.

[04:19] >> Oh, you know how it's legal? Key word.

[04:21] It's a loan. But I guarantee you he

[04:23] would have never paid this back. It's

[04:24] It's They're loaning it. So what do you

[04:26] mean he would have never paid it back?

[04:28] So why would you take it out if you

[04:29] wouldn't be able to pay it back?

[04:30] >> I don't think anyone I mean I'm assuming

[04:32] I don't think anyone would have ever

[04:33] because he is turning point. So I don't

[04:34] think he would come after himself and

[04:36] say hey you got to pay this back.

[04:37] >> Okay I see. You know this is legal.

[04:39] >> Yeah because if you look at the key word

[04:40] it's called loan. So loan to or from

[04:43] interested persons. So on paper it's a

[04:45] loan and you know they're just loaning

[04:47] him the money. They're paying the

[04:49] premium for him and then they get

[04:51] interest back in return if something

[04:52] happens plus their principal. So, in

[04:54] theory, they probably got the 350 back

[04:56] now that he died, but who knows what the

[04:58] beneficiary got because the 350 is such

[05:00] a large.

[05:01] >> It could be in the tens of millions or

[05:02] something.

[05:02] >> Yeah. Because 350 is such a large Yeah.

[05:04] >> Wow.

[05:05] >> Yeah. And so, you have to ask yourself,

[05:07] who who did this? Did Charlie do this or

[05:10] did Erica do this? I don't know because

[05:12] we'll never get to see the policy, but I

[05:14] would love to see the policy because to

[05:16] me, it feels like what we've seen now

[05:18] from Erica, she's connected enough. I

[05:20] don't think it's out of the question

[05:22] that she could have finagled something

[05:23] where she did this, you know.

[05:24] >> Now, just for the audience

[05:26] clarification, Brian, when you say she's

[05:28] connected enough, are you saying

[05:29] connected enough to turn to Point USA or

[05:31] connected enough to something else?

[05:32] >> To something else.

[05:33] >> I follow you

[05:34] >> to something else. So,

[05:35] >> based on her behavior,

[05:36] >> based on her family, based on her

[05:38] family. And again, that's all

[05:39] documented. We can get into that if

[05:40] you'd like, uh, you know, later down the

[05:42] road. But that's why I say that because

[05:43] it's just when you're that connected. I

[05:45] don't know if this would be that hard to

[05:47] do where Kirk wouldn't have known. You

[05:49] know what? Is it just take a stamp of

[05:50] his name? Hit the stamp, sign it. You

[05:53] know, uh the fact that it's Gigi, I

[05:55] thought just caught my attention. That's

[05:56] her the daughter's name,

[05:58] >> you know. GG, that's the name of this,

[06:00] >> right?

[06:00] >> Maybe. But either way, even if she

[06:02] didn't do it and Charlie did it, this is

[06:03] very notable.

[06:04] >> Yeah. But like you said, why wait now?

[06:06] Why go six years and in 2023 all of a

[06:09] sudden now you you have the idea to

[06:12] create this split dollar life insurance

[06:14] policy?

[06:14] >> It's possible they knew he was going to

[06:16] disappear. So, if you know he's going to

[06:17] disappear, you know, let's make some

[06:19] money off it. I don't know why else. I

[06:21] just don't know why you would wait.

[06:22] Again, I think it's reasonable to wait a

[06:24] few years. If they would have done this

[06:25] in 2020, that wouldn't have caught my

[06:27] attention because in 2020, he was really

[06:29] elevating his profile. 2019, 20, you

[06:32] know, but 2023, it just feels a bit

[06:34] late. So,

[06:35] >> yeah,

[06:35] >> I would love to see the policy because

[06:37] that can answer a lot of questions. How

[06:39] much is the payout? Who's the

[06:40] beneficiary? You know, when like within

[06:43] 2023, when was this put together? But,

[06:46] you know, unless we have an insider, I

[06:47] don't think we're ever going to see

[06:48] that. But it's to me, we should not

[06:50] overlook this is all I'm saying. You

[06:52] know, why exactly this happened? That's

[06:54] speculation, but it happened and it's

[06:56] here. And keep in mind, that's 350 and

[06:58] 23, 24, and 25,

[07:01] >> right? Because he he died in 25. So,

[07:04] that probably would have already been

[07:04] paid. So, someone's getting money off

[07:06] this. And I just think Charlie was rich

[07:08] enough he should pay a life policy on

[07:10] his own. That's just my own feeling

[07:12] because I don't think Turning Point

[07:13] should be on the hook for everything he

[07:15] wants to do,

[07:16] >> right?

[07:16] >> You know, it's not not unreasonable to

[07:18] ask him.

[08:29] Oh yeah, Diddy got podcast.

[08:36] >> [music]