Wealth-X Reveals USA’s Top Public Political Donors
As the US Supreme Court considers whether to remove limits on individuals’ contributions to candidates, political parties and political action committees, Wealth-X today released a list of the top five public political donors leading up to the 2012 elections and since then.
From December 2011 to December 2012, conservative-leaning business mogul Sheldon Adelson, CEO of Las Vegas Sands, along with his wife Miriam, were the top public donors with US$96,417,000 in political contributions – equivalent to 0.42 percent of their estimated US$23 billion fortune.
Next on the list is multibillionaire Harold Simmons, chairman of the Contran corporation, along with his wife Annette, who donated US$32,603,800 to conservative candidates and causes, followed by media magnate Fred Eychaner, who gave US$13,207,000 to liberal campaigns – amounting to 0.43 percent and 2.75 percent of their total net worth, respectively.
Since the 2012 elections, political contributions have generally tapered off, but many ultra wealthy individuals continue to pour their money into politics.