Saturday, January 28, 2012

US Election 2012: Sheldon Adelson, the Man Keeping Newt Gingrich's Bid Afloat

THE DAILY TELEGRAPH: If Newt Gingrich were to win the Republican nomination he would owe around ten million favours to Sheldon Adelson – one for each of the dollars the flamboyant billionaire has pumped into his presidential bid.

Mr Adelson, America's eighth-richest man, is responsible for almost single-handedly keeping the Gingrich campaign alive with what is thought to be the biggest donation in US political history.

The $10 million he has given so far to Winning Our Future – a pro-Gingrich Super-Pac – propelled the former Speaker to victory in South Carolina. » | Raf Sanchez, Washington | Friday, January 27, 2012

THE GUARDIAN: Secrets of the billionaire bankrolling Gingrich's shot at the White House: Sheldon Adelson is not running for office – but his cash could swing Tuesday's Florida primary ¶ Abraham Foxman, the amiably chatty director of the Jewish civil rights group, the Anti-Defamation League, has a story to tell about his friend, the 78-year-old multi-billionaire casino mogul Sheldon Adelson. ¶ Adelson, who is America's eighth richest man and has given millions of dollars in support of Newt Gingrich's presidential bid, was having dinner with Foxman in Las Vegas several years ago. Foxman let slip that he was having to miss an invitation to the White House from the then president, George W. Bush. Foxman explained it was impossible to get a commercial flight. Adelson replied: "If the president of the United Statesasks you to go, you go." Then he gave Foxman the use of his private plane. ¶ Foxman asked Adelson if any condition was attached to the spontaneous act of generosity. "The condition is that you tell President Bush that is how you got there," said Adelson. Foxman made it in time to meet the president. ¶ It is a classic vignette to describe the power and style of Adelson, a man who has given scores of millions of dollars to Republican and Jewish causes over the years but who only now – by backing Gingrich – is becoming known to the wider public. It shows the reach of great wealth and how it mixes with the most powerful people on earth. It also shows Adelson's willingness to use that wealth for causes and people he believes in. » | Paul Harris | Saturday, January 28, 2012

Gingrich’s Backer under Federal Investigation »