Sheldon Adelson and wife give $10 million to pro-Romney super PAC
October 25th, 2012
11:02 PM ET
2 years ago

Sheldon Adelson and wife give $10 million to pro-Romney super PAC

Washington (CNN) - Thanks to $10 million in new donations from Nevada billionaire Sheldon Adelson and his wife, the pro-Romney super PAC Restore Our Future raised more than $20 million during the first half of this month, according to a financial disclosure form filed with the Federal Election Commission Thursday.

The group had more than $36 million cash on hand, and spent $12 million, as of October 17.

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The haul so far in October is almost as much as it raised in August and September combined.

The new contributions by the Adelsons bring the couple's total to Restore Our Future to $20 million.

Restore Our Future launched a major swing state ad campaign earlier this week, buying almost $18 million worth of commercial time in 10 states.

For the Adelsons, who rank as the top givers to outside political groups according to the non-partisan Center for Responsive Politics, this latest donation means they have given at least $61 million this campaign cycle to entities which have to disclose their donors: super PACs, campaign committees and candidates.

Mr. Adelson is a controversial Nevada magnate who operates casinos both in Nevada and overseas.

He has been the highest profile Republican donor this election cycle because of the growing influence of super PACs and his willingness to give to them. He and his wife donated millions to Winning Our Future, the super PAC that was largely responsible for helping keep Newt Gingrich in the GOP primary contest.

After Gingrich dropped out, Adelson was at first reluctant to support Romney. After several meetings and conversations, however, Adelson decided to embrace the Republican nominee. One reason, associates have said, is because Adelson is determined to do all he can to make sure President Barack Obama is not re-elected. Another key objective for him is the safety of Israel, and he believes Romney would be a stronger friend of the Jewish state than Obama, friends have said.

Adelson hosted a fund-raiser for Romney and went to Israel to join the Republican nominee during his July trip.

He has told friends he and his wife could spend as much as $100 million this election to help elect the Republican nominee and support GOP congressional candidates.

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Filed under: 2012 • Fundraising • Mitt Romney
soundoff (90 Responses)
  1. Owen

    Adelson is determined to do all he can to make sure President Barack Obama is not re-elected. Wonder why the rich don't want President Obama re-elected?

    October 26, 2012 07:12 am at 7:12 am |
  2. sameeker

    I suppose that they are giving a total of 20 million to that organization out of the goodness of their hearts, without wanting anything in return.

    October 26, 2012 07:14 am at 7:14 am |
  3. nerd123456

    I heard Obama has out raised Romney by a substantial amount. Doens't that mean that more crooks gave to Obama then?

    October 26, 2012 07:20 am at 7:20 am |
  4. Rafael Rivero

    It should be illegal that a person can buy the Presidency of USA.

    October 26, 2012 07:21 am at 7:21 am |
  5. Crismn

    This is obscene! And then he goes to open casinos in Spain...

    October 26, 2012 07:27 am at 7:27 am |
  6. Wire Palladin, S. F

    Spread that Chinese Communist money around, Sheldon.

    October 26, 2012 07:28 am at 7:28 am |
  7. Jesse Ventura

    Wow, what a waste of money. It probably would have been more productive to flush it all down the toilet; that way, at least some poor people might find it at the mouth of a sewer drainage pipe and have their lives changed....

    October 26, 2012 07:28 am at 7:28 am |
  8. trex

    ...Aidelson..........giving close to a $100,000,000.00 to the gop, .....and expects ...NOTHING????? IN RETURN ?????

    October 26, 2012 07:31 am at 7:31 am |
  9. USMCJock

    So, no more talk by republicans about George Soros; not when the GOP has the Koch Brothers and Adelson. Absolutely no more talk about George Soros.

    October 26, 2012 07:34 am at 7:34 am |
  10. quinLee

    Guys like Adelson don't just give $20 mil away unless there is a clear payback. Couple this with the fact that Romney has been like a leaf in the wind on every issue. Where ever the wind blows so does he. Frankly, the possibility of Romney being president should scare the #2 out of most competent and honest individuals.

    From day one, the Romney/Rove campaign has been nothing but in-your-face lies, quotes out of context, flip flops, et-cha-sketch, for it one day/min, against it another. I'm not saying Obama is anywhere near perfect, but you have to be pretty gulible or blinded by fear and hate to buy the BS the republicans are selling these days.

    October 26, 2012 07:37 am at 7:37 am |
  11. jungleboo

    Uh Oh. So this is the direction our democratic republic is headed. It's time for a referendum on campaign financing.

    October 26, 2012 07:39 am at 7:39 am |
  12. iceload9

    Most of the money at the federal level is off-set by the other side. And te press record everything the candidates do and say. But I imagine at the state level this guy is a king maker.

    October 26, 2012 07:39 am at 7:39 am |
  13. Edward

    Something is terribly wrong in America since the SCOTUS ruled on Citizens United. Here in Canada we find it odd that your Supreme court can`t tell the difference between a person and a corporation or money and speech. Then again, you can`t even get on the Supreme Court of Canada unless you can tell the difference between a fish and a bicycle.

    October 26, 2012 07:39 am at 7:39 am |
  14. Tim

    So what. I wish he would give more. Perhaps we should have presidential elections EVERY year to get the money of the wealthy out of their pockets and into the system where it helps the economy.

    October 26, 2012 07:40 am at 7:40 am |
  15. John

    These two are trying to buy this election for Mitt Romney, and what do they want for over a Billion Dollar them have spend trying to get a Republican elected. You don't spend that kind of money for Nothing, Mitt Romney can't be trusted.

    October 26, 2012 07:41 am at 7:41 am |
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