Gov. Jim Justice’s latest financial disclosures reveal that his business empire is producing little to no liquid assets, raising questions about the former billionaire’s ability to financially contribute to his Senate campaign.
Despite this, Justice reported having between $34,006 and $161,001 in bank deposits across all personal, spousal, and joint bank accounts. He and his wife also reported only earning a combined income of between $24,609 and $72,000 from just nine of their 147 assets, according to the PFD. The Justices listed between $1,918,013 and $4,045,000 in real estate assets in the disclosure, including 13 residential and unimproved land units.
Speaking to reporters late last month, Justice acknowledged he had a liquidity issue but denied any notion of financial or business impropriety. “Boy, would it have not been an easy way out to just declare bankruptcy? Stiff a whole bunch of people, banks, lenders, vendors, and everything else, cleanse everything, and go on down the road,” he explained. “But we didn’t do that simply because of one thing: I don’t believe in it.”
What the general election will look like hinges on the primary and on Manchin, who says he won’t decide whether he’ll seek reelection until the end of this year. The two-term senator is the only Democrat who polls competitively in the deep red state, and Justice is the sole candidate who polls ahead of Manchin.
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