Trump ran for president because he said it would be 'a lot more fun' than buying a yacht: Newt Gingrich
Newt Gingrich speaks to ABC News (screen grab)

According to an excerpt from Newt Gingrich's new book, “Understanding Trump,” the former house speaker reveals that Donald Trump told him in 2015 that he thought running for leader of the free world would be more fun than buying a yacht.

In an excerpt published by ABC News, Gingrich claims Trump asked him in 2015 what “the bottom line” would be if he were to run for president. Gingrich states he told Trump it might cost him about $70 million to 80 million.

“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 wrote.

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

Gingrich admitted that Trump reportedly told him he managed to spend much less.

“’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 said Trump admitted later.

You can read the excerpt here.