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Billionaire Frank Giustra slams fake news on hiding Prince Harry, Meghan Markle, says it's all about Clinton hate not the Royals - Kitco News exclusive

Kitco News

"I have become the [right-wing media's] 'foil' as the evil, mysterious Canadian mining mogul that the Clintons used to enrich themselves…it’s a convenient label," says Giustra.

In photo, Giustra speaking with Kitco News Editor-in-Chief, Daniela Cambone during a September interview.

(Kitco News) - Canadian mining mogul and philanthropist Frank Giustra refuses to remain silent and is fighting back at right-wing media which reported he is providing a luxe hideout for Prince Harry and Meghan Markle in his home in British Columbia. 

Over the weekend, the popular gossip site Page Six of the New York Post reported that Harry and Meghan were staying at a multi-million dollar waterfront mansion near Victoria, British Columbia – the place they plotted their “shock exit” from the royal family.

The media outlet tied the mansion to Giustra – an uber successful mining mogul and the founder of film studio Lionsgate which produced hits including American Psycho and Fahrenheit 9/11. The news story was later picked up by Fox News, the Daily Mail and The Sun and has gone viral on various social media outlets.

In an exclusive with Kitco News, Giustra said he is disturbed and fed up with the vicious cycle of “fake news,” – noting he does not own a home in, or near, Victoria, British Columbia and has never been contacted by a member of the British Royal family including the Duke and Duchess.

Giustra rather sees this media spin as having nothing to do with the Royals but as another opportunity for the press to drag his name and that of Bill and Hillary Clinton. The Canadian philanthropist launched the Clinton-Giustra Enterprise Partnership in 2007 to alleviate poverty in poor communities around the world. At the time of the launch, he pledged $100 million and announced it would be his life’s work. 

The Page Six article uses the Royal hideout story to rehash the Clinton-Giustra connection and spin it in a negative light.

“In 2005, he and President Bill Clinton traveled together to Kazakhstan to meet with the former Soviet republic’s authoritarian leader. Days later, Giustra acquired shares in three of the country’s state-run uranium mines — a venture valued at more than $3 billion. Months after the Kazakh pact, Giustra reportedly gave a $31.3 million donation to the Clinton Foundation and has since publicly pledged he’ll donate another $100 million. Both Giustra and Clinton have denied the former US president helped him cement the Kazakh deal, and Giustra later divested himself of the assets,” the article said.

Speaking exclusively with Kitco News, Giustra said, “I sold my stake in Uranium One several years before the deal Uranium One was sold to the Russian company. And despite the accusations that there was some kind of quid pro quo involved, it is worth nothing that I have continued to generously support poverty alleviation efforts – both in conjunction with the Clinton Foundation and separately – from the day that I made my original commitment in 2007, and long after it was supposedly politically or financially advantageous to do so.”

He added, “And I have donated a multiple of the profit I made on the sale of my shares of Uranium One towards poverty alleviation work I pledged would be my life’s work 12 years ago.”

Giustra, who leads a private life, said he is fed up with the politics and simply wants to focus on his philanthropic work and helping people through his various foundations.

So why has Giustra decided to take a stand against the false reports instead of simply ignoring them and letting them die out with the next press cycle?

“It would have otherwise taken a life of its own. The part about the Royals is irrelevant, it’s the same old lies about me and the Clintons. I have been plagued by this description for over 12 years and it affects all the hard work of my foundations.”

A longtime observer of Giustra’s work who has closely followed his career path, but wished to remain anonymous said it’s no coincidence that this story dropped in tandem with the U.S. Department of Justice (DOJ) clearing the Clintons of any wrongdoing last week.

“We benefit electorally with our ‘meat and potatoes’ right-wing Republican constituency when the Clintons are in the news as villains. So how do we get them back in the news?  What’s the biggest story in the news right now? The Royals!” said the source.

“How do we link something negative about the Clintons to this massive news story to keep them and their criminal ways in the news? Their shadowy henchman and wealthy financier accomplice that lives in Canada. Let’s just say he is hosting Harry and Meghan and use that as an opportunity to rehash all the lies we have previously created around him and the Clintons,” they added.

Markle, officially known as the Duchess of Sussex, will reportedly attend a crisis family meeting by phone from Canada on Monday to talk strategy following her and Prince’ Harry’s exit - dubbed Megxit - from the Royal family.

According to British news outlets, Queen Elizabeth II has summoned her grandson Prince Harry and his wife for an emergency meeting to discuss their "next steps" with the family, after the couple's surprise announcement last week to step back from duties as senior royals. Harry's brother and father, Prince Charles and Prince William, are both expected to join the conference that will be held at the family's Sandringham estate in Norfolk, England.

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