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Tag Archive: stealthy wealthy

Sheldon Adelson writes another million dollar check for new super PAC

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Casino magnate Sheldon Adelson, the most prolific campaign contributor this election, has written another million dollar check--this time, to a little-known super PAC called "Freedom PAC" that first popped-up last month. The contribution was disclosed in the group's quarterly filing, submitted to the Federal Election Commission on Monday.

According to it's website, the PAC--which lists a New York address--is devoted to "supporting strong conservative candidates in Florida," in particular Rep. Connie Mack, who's running for senate.

Besides Adelson's contribution, the PAC took in $91,000, including $5,000 from Contran CEO Harold Simmons, who's also ...

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Million dollar check club: Who’s writing big checks to super PACs

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There's always been ways for big money to find its way into politics, but one of the changes ushered in by the super PAC era is the opportunity to flaunt it.

Instead of having to spread their influence around in donations to various committees, deep-pocketed donors can now show their influence with a flourish, writing seven figure checks -- like the $1 million one, filings with Federal Election Commission made over the weekend show, that the National Air Traffic Controllers union gave last month to Priorities USA Action, the super PAC backing President Obama's reelection bid, or the $2 ...

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Stealthy Wealthy: Jerry Perenchio speaks softly, carries a big checkbook

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Jerry Perenchio, Source: The California State University

It may be easier to get the famously closemouthed mega-donor Jerry Perenchio to open his checkbook than to get him to talk to a reporter. The octogenerian former chairman of Univision and his wife Margaret are major players in this year's election, having underwritten American Crossroads to the tune of $2 million so far. Perenchio also gave half a million dollars to Restore America, the Super PAC that supports Mitt Romney, and $100,000 to the super PAC that supported Jon Huntsman's now-defunct presidential campaign.

That's just the latest in the more than $50 million Perenchio and ...

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Stealthy Wealthy: Did Katzenberg’s support for Obama fast-track movie deal with China?

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It's not every businessman who has the vice president of China personally sign off on his latest venture, but then Jeffrey Katzenberg, the CEO of Dreamworks Animation and a prolific Democratic donor, isn't every businessman.

The Hollywood titan is also a prolific Democratic donor, who has introduced President Barack Obama at fundraisers in tony locations, bundled at least $500,000 for Obama's 2008 campaign and promised to bundle as much in 2012, and, after contributing $30,8000--the maximum he's allowed to give--to the Obama Victory Fund, he wrote a $2 million check to the super PAC ...

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Stealthy wealthy: How Harold Simmons’ political giving has benefited his business empire

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Photo by the Dallas Morning News

(This is the first in an occasional series that will shine a light on little known but highly influential donors.) 

Even under the post-Citizens United campaign finance rules that unleashed a new generation of mega-donors, Harold Simmons stands out as old political money.

The Dallas-based billionaire, dubbed the king of superfund sites after acquiring an environmentally-challenged company, has gotten plenty of attention for the $10 million he’s given super PACs in the first four months of this year.

But a closer examination of the record shows that Simmons’  2012 donations are just the ...

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Simmons-controlled company fights for protectionist measures

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When Titanium Metals Corp., a defense contractor that's part of Harold Simmons's business empire, lobbied for protectionist policies designed to shield it from foreign competition, the fight allied the Texas billionaire and Republican mega-donor with some unlikely political bedfellows, including Sen. Sherrod Brown, a liberal Democrat from Ohio, and a union that overwhelmingly gives to Democrats. 

Of the more than $34 million that Harold Simmons, his wife and daughters have contributed to politicians, parties and political organizations, just $520,000 has benefited Democrats. 

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Gingrich super PAC super donor Sheldon Adelson has businesses under scrutiny by IRS, Justice

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Billionaire casino mogul Sheldon Adelson and his wife, Miriam, who have reportedly given a combined $10 million to Winning Our Future, the super PAC that supports and is run by former staffers of Republican presidential candidate Newt Gingrich, were drawn to him by a shared view of the importance of the U.S. relationship to Israel.

But a review of public records by Sunlight suggests that the couple, who appears to be the former House speaker's most generous political patrons pending the filing of Winning Our Future's first complete financial disclosures later this month with the Federal Election ...

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