Gingrich book: Trump thought White House bid would cost as much as a yacht, but be ‘a lot more fun’
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Former Speaker Newt GingrichNewton (Newt) Leroy GingrichMORE (R-Ga.) in a new book writes that President TrumpDonald TrumpBiden administration still seizing land near border despite plans to stop building wall: report Illinois House passes bill that would mandate Asian-American history lessons in schools Overnight Defense: Administration says 'low to moderate confidence' Russia behind Afghanistan troop bounties | 'Low to medium risk' of Russia invading Ukraine in next few weeks | Intelligence leaders face sharp questions during House worldwide threats he MORE once compared the cost of running for the White House to buying a yacht, but said it would be "a lot more fun." 

In an excerpt from “Understanding Trump” published by ABC News, Gingrich, a Trump confidant, describes a January 2015 exchange in which Trump asked what “the bottom line” would be if he were to launch a bid. Gingrich recalls telling Trump that he could competitively enter the race for about $70 million to 80 million, according to the excerpt.

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“His response was priceless. After a moment of thought, he said, ‘$70 to 80 million: that would be a yacht. This would be a lot more fun than a yacht!’" Gingrich writes.

"That’s when Callista and I learned that a Trump candidacy was likely—and a Trump presidency was possible," Gingrich added, referring to his wife.

Trump would enter the presidential race several months later, announcing his bid in June from Trump Tower in New York City. 

Gingrich also recalled a conversation he had with Trump after his primary victory in the South Carolina, where Trump said he spent less than Gingrich’s suggested amount.

“'By the way, I know you said I needed to spend eighty million but I’ve only spent thirty million. I feel kind of bad,’” Gingrich quotes Trump as saying.