Billionaire Sheldon Adelson Says He Might Give $100M To Newt Gingrich Or Other Republican• www.forbes.com
Sheldon Adelson plays as stubbornly in politics as he does in business. So the criticisms that he’s trying to personally buy the presidential election for Newt Gingrich are met with a roll of the eyes. “Those people are either jealous or professional critics,” Adelson tells me during his first interview since he and his wife began funneling $11 million, with another $10 million injection widely expected, into the former speaker’s super PAC, Winning Our Future. “They like to trash other people. It’s unfair that I’ve been treated unfair—but it doesn’t stop me. I might give $10 million or $100 million to Gingrich.”
Adelson, 78, certainly can afford to: With a net worth of roughly $25 billion, that $11 million, which jolted Gingrich’s flatlining presidential bid back to life, equates to 0.044% of his fortune. For someone with a $1 million net worth, the equivalent would be $440, or a two-night stay at Adelson’s Venetian casino. Adelson could personally fund an entire presidential campaign—say, $1 billion or so—and not even notice.
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