Billionaire GOP mega-donor Sheldon Adelson is tired of wasting money on losers
Alex Wong/Getty Images
Sheldon Adelson, the billionaire casino magnate and profligate Republican bankroller, would like to spend his fortune on a winning candidate in 2016. That's because Adelson and his wife dumped almost $93 million on the 2012 elections — nearly four times more than any other individual — most of it on losing candidates. And while that sum included $30 million for eventual GOP presidential nominee Mitt Romney, much of it was also wasted propping up Newt Gingrich's shaky primary campaign, and on various losing candidates around the country.
So this time around, Adelson is already looking for a more mainstream GOP presidential candidate to shower with donations, according to The Washington Post, which reports that the Adelsons are "plotting their investments based not on personal loyalty, but on a much more strategic aim" of putting a Republican in the White House. As the The Post noted, that would seem to favor establishment candidates — the Jeb Bushes of the GOP field — over potential insurgents like Sens. Ted Cruz (Texas) and Rand Paul (Ky.) And wouldn't you know it, four potential mainstream candidates — Bush, New Jersey Gov. Chris Christie, Wisconsin Gov. Scott Walker, and Ohio Gov. John Kasich — will meet with Adelson later this week when they address the Republican Jewish Coalition in Las Vegas.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.
-
Today's political cartoons - February 1, 2025
Cartoons Saturday's cartoons - broken eggs, contagious lies, and more
By The Week US Published
-
5 humorously unhealthy cartoons about RFK Jr.
Cartoons Artists take on medical innovation, disease spreading, and more
By The Week US Published
-
Brodet (fish stew) recipe
The Week Recommends This hearty dish is best accompanied by a bowl of polenta
By The Week UK Published
-
Trump says 25% tariffs on Canada, Mexico start Feb. 1
Speed Read The tariffs imposed on America's neighbors could drive up US prices and invite retaliation
By Peter Weber, The Week US Published
-
Trump blames diversity, Democrats for DC air tragedy
Speed Read The president suggested that efforts to recruit more diverse air traffic controllers contributed to the deadly air crash
By Rafi Schwartz, The Week US Published
-
White House withdraws Trump's spending freeze
Speed Read President Donald Trump's budget office has rescinded a directive that froze trillions of dollars in federal aid and sowed bipartisan chaos
By Peter Weber, The Week US Published
-
OpenAI announces ChatGPT Gov for government use
Speed Read The artificial intelligence research company has launched a new version of its chatbot tailored for the US government
By Rafi Schwartz, The Week US Published
-
Caroline Kennedy urges Senate to reject RFK Jr.
Speed Read Robert F. Kennedy Jr.'s cousin said he should not become President Donald Trump's health secretary, calling his medical views 'dangerous'
By Peter Weber, The Week US Published
-
GOP senator reneged on voting against Hegseth
Speed Read North Carolina senator Thom Tillis provided the deciding vote to confirm Pete Hegseth as defense secretary
By Peter Weber, The Week US Published
-
Trump sparks chaos with spending, aid freezes
Speed Read A sudden freeze on federal grants and loans by President Donald Trump's administration has created widespread confusion
By Rafi Schwartz, The Week US Published
-
Trump feuds with Colombia on deportee flights
Speed Read Colombia has backed off from a trade war with the U.S., reaching an agreement on accepting deported migrants following tariff threats from President Donald Trump
By Peter Weber, The Week US Published