Even in a political season marked by unprecedented levels of political spending, Sheldon Adelson stands alone.
In recent days, Mr. Adelson, a billionaire casino owner, and his wife, Dr. Miriam Adelson, gave $10 million to Restore Our Future, a “super PAC” backing the Republican presidential candidate Mitt Romney, people with knowledge of the contribution said on Wednesday, leaving the Adelsons by far the most prolific campaign donors in the country.
All told, the Adelsons have now given at least $35 million to super PACs during the 2012 campaign, not including several hundred thousand dollars worth of $2,500 contributions directly to federal candidates. That is more than twice as much as his closest competitor for the title, the billionaire industrialist Harold C. Simmons and his wife, Annette, making Mr. Adelson a uniquely powerful force in the annals of presidential politics.
With a net worth of roughly $25 billion, Mr. Adelson could afford to give far more, and seems willing to do so: In an interview with Forbes magazine this year, he suggested he would consider spending as much as $100 million on the 2012 elections.
For more see: http://thecaucus.blogs.nytimes.com/2012/06/13/billionaire-now-showers-romney-with-money/
Michael Quinn, Esq.
