Posts tagged billionaires
Posts tagged billionaires
"Outside groups poured a staggering $2.5 billion into the 2012 election — far more than the $1.6 billion spent by party committees — as power migrated from party honchos to a handful of billionaires and political consultants, according to a book released Tuesday by POLITICO Chief Investigative Reporter Kenneth P. Vogel."
USA Today reports on the top 5 super PAC donors so far in 2014. Three of the 5 are on the Forbes list of billionaires. All three made their money on Wall Street.
James Simons, $3 million in donations. Net worth: $12,500,000,000
Paul Singer, $2.1 million in donations. Net worth: $1,500,000,000
Seth Klarman, $1.55 million in donations. Net worth: $1,300,000,000
Huffington Post’s Paul Blumenthal reports today on the elite set of donors who’ll benefit from the recent Supreme Court decision in McCutcheon v. FEC. You won’t be surprised who they are: Wall Street bankers and some billionaires.
More from this weekend’s AdelsonFest in Las Vegas:
"The new big-money political landscape — in which a handful of donors can dramatically alter a campaign with just a check or two — explains both the eagerness of busy governors to make pilgrimages to Las Vegas, and the obsession with divining Adelson’s 2016 leanings."
A good summary of today’s politics, via NYT:
"Mr. Adelson’s effort officially kicked off on Wednesday, when lawmakers, including a senator, Lindsey Graham of South Carolina, who has accepted tens of thousands of dollars in donations from the businessman and his family, introduced legislation originally drafted with Mr. Adelson’s lobbyist.”
Our elections: a shouting match between wealthy Democrats:
"In early February, Mr. Steyer gathered two dozen of the country’s leading liberal donors and environmental philanthropists to his 1,800-acre ranch in Pescadero, Calif. — which raises prime grass-fed beef — to ask them to join his efforts. People involved in the discussions say Mr. Steyer is seeking to raise $50 million from other donors to match $50 million of his own."
A group of major GOP donors, led by New York billionaire Paul Singer, is quietly expanding its political footprint ahead of the midterm elections in an increasingly assertive effort to shape the direction of the Republican Party.
Gov. Chris Christie (R-N.J.) is in Chicago today for a series of fundraisers, including:
"Private meetings in the afternoon with high-dollar donors were to be capped with a dinner at the home of billionaire couple Ken and Anne Griffin."
In 2012, Griffin was asked, “Do you think the ultrawealthy have an inordinate or inappropriate amount of influence on the political process?”
His response: “I think they actually have an insufficient influence.”
Does a dinner at your home with a possible 2016 presidential candidate count as sufficient or?
"Billionaire casino magnate Sheldon Adelson, whose record-breaking campaign spending in 2012 made him an icon of the new super-donor era, is leveraging that newfound status in an escalating feud with industry rivals over the future of gambling.”
In October, Sen. Mitch McConnell’s lawyer will urge the Supreme Court to invalidate contribution limits. It’s no wonder: dozens of the country’s wealthiest people have been filling his campaign coffers.
From a new Public Campaign Action Fund report: