From “Crash and Burn” to Redemption: Larry Kudlow Opens Up About His Battle with Substance Abuse.th

Fox Business host Larry Kudlow opened up about a harrowing battle with substance abuse and alcohol, calling it a “crash and burn” that nearly destroyed his marriage and life. He credits his wife’s intervention and a five-month rehab stint in 1995 for pulling him back from the edge and finding faith in Catholicism. Kudlow still attends Twelve-step meetings, calling his survival a “second chance.” But even now, he suggests the darkest moments of his addiction—and the choices he made—remain largely hidden

Fox Business Host, 78, Opens Up on Addiction Battle

Larry Kudlow says he got a second chance at life after a “crash and burn” from his cocaine and alcohol addiction.

Fox Business star and former Trump adviser Larry Kudlow has detailed his battle with cocaine and alcohol addiction in a new interview.

Speaking on Miranda Devine’s Pod Force One podcast, Kudlow recalled becoming “caught up in the zeitgeist” of 1980s and 1990s Wall Street, when he was the chief economist at Bear Stearns.

“Some people just got hooked on alcohol and or cocaine or other drugs or whatever, other people didn’t,” he said. “I knew lots of people at Bear Stearns and Goldman Sachs and others, who had the same stresses I had, and they were fine. So I’ve always taken personal responsibility for it.”

WASHINGTON, DC - MAY 11: (AFP OUT) Director of National Economic Council Larry Kudlow smiles as United States President Donald J. Trump speaks with reporters during a meeting with automotive industries executives in the Roosevelt Room of the White House on May 11, 2018 in Washington, DC. (Photo by Alex Edelman-Pool/Getty Images)
Larry Kudlow said he’s spoken about his substance abuse with Trump, saying “It’s very personal to him.”

He said the turning point came when his wife Judith “Judy” Pond Kudlow intervened, sending him to a five-month residential drug treatment program in 1995, a year after he was forced to resign from Bear Stearns.

Judy had filed for divorce shortly before he entered the program, and sought to bar him from withdrawing funds from his retirement account. In court papers, she said Kudlow, 47 at the time, “has been on a steady cocaine binge and is desperate for money.”

NEW YORK, NEW YORK - MARCH 05: Larry Kudlow attends Fox News' Super Tuesday 2024 primary election coverage at Fox News Channel Studios on March 05, 2024 in New York City. (Photo by Roy Rochlin/Getty Images)
Kudlow’s cocaine addiction nearly cost him his marriage.

Kudlow credited the rehab program with leading him to sobriety and faith. Born to a Jewish family, he converted to Catholicism in 1997.

Judy, whom Kudlow met in the early 1980s while working as a Reagan administration official, never ended up divorcing him.

“I’m so blessed because I got a second chance in my life,” Kudlow reflected, “because the crash and burn was pretty awful.” He said he goes to “four or five” Twelve-step program meetings to this day.

Kudlow, who served as the director of the National Economic Council during Donald Trump’s first term, said he’s spoken “very briefly” about his substance abuse with the president.

Trump famously doesn’t touch alcohol or other drugs, often citing his older brother Fred Trump Jr., who died an alcoholic in 1981 at age 42.

“It’s very personal to him,” Kudlow said. “And it’s very personal to me.”

Larry Kudlow, NEC Director and Assistant to U.S. President Donald Trump for Economic Policy, conducts a press briefing on the G7 Summit in the James S. Brady Press Briefing Room of the White House, on Wednesday, June 6, 2018. (Photo by Cheriss May/NurPhoto via Getty Images)
The former Trump adviser said he had discussed returning to the White House with the president but decided against it, noting he was “very busy at Fox.”

The Fox host argued that Trump is “better than he was in his first term,” saying, “One of the, I think, wonderful things that President Trump has done is he has put religion back into the country.”

Stressing the “need for religion,” Kudlow said it “breeds better behavior and it breeds personal individual responsibility.”

He said he tells people in his 12-step meetings that just thinking about praying means they are making progress.

“I’m still very much in touch with him,” he stressed.

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