Report: Adelson Spent Close To $150 Million On Election

Billionaire casino magnate Sheldon Adelson spent about $150 million on the 2012 election, according to a report Monday from Huffington Post. Adelson had indicated he would spend $100 million or “as much as it takes” to defeat President Obama.

During the election, Adelson told Politico that the Justice Department investigation, and the way he felt treated by prosecutors, was a primary motivation for his investment in Republican presidential nominee Mitt Romney and other GOP candidates. He put his money where his mouth was. The two GOP fundraisers, both with strong ties to Adelson, said that the casino mogul dished out close to $150 million, including between $30 million and $40 million to the Karl Rove-founded Crossroads GPS and at least $15 million to grassroots efforts with financial links to Charles and David Koch. Among other major beneficiaries of Adelson’s largess were the U.S. Chamber of Commerce, which received almost $5 million from Adelson, and the Republican Jewish Coalition, which got the bulk of its $6.5 million budget from him, the fundraisers said.

 

All of these are non-profit groups, which — unlike the super PACs that raked in $54 million in funds from Adelson and his wife — are not currently required to disclose their donors. 

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