Billionaire Sheldon Adelson and his wife have given GOP presidential hopeful Newt Gingrich's super-PAC $10 million, the biggest cash infusion in the race for the White House. NBC's Michael Isikoff reports on the couple behind the contribution.
“I don’t think it’s buying a presidency any more than it was when Joe Kennedy helped his son,” Sig Rogich, a veteran Republican operative who serves as Adelson’s government affairs consultant, said in an interview about the massive donations that the casino mogul has made to Gingrich’s super PAC.
Adelson, 78, who has a personal fortune estimated at $21 billion, “plays to win” and “puts his money where his mouth is,” Rogich added.
In the last three weeks,Adelson and his Israeli-born wife Miriam have pumped $10 million into the Winning Our Future Super PAC. Those donations provided a critical cash infusion that helped revive Gingrich’s candidacy, bankrolling attack ads againstMitt Romney in South Carolina and now Florida. They’ve also made the Adelsons the largest known donors so far in a presidential race awash with money under new rules allowing unlimited donations to so-called super PACs
But the contributions have also raised new questions about Adelson’s outside role in influencing the campaign. Those questions could intensify as a result of potentially provocative comments he has made about Israel uncovered by NBC News.