Israeli casino billionaire and fervent supporter Sheldon Adelson is expected to write about $ 250 million in checks to support Donald Trump, Republican Senate and House members and conservative causes, say two GOP’s fundraising resources are familiar with the spending plans of major donors.
Adelson and his wife Miriam, an Israeli doctor, spent an election record of $ 183 million through October 14, according to the Center for Nonpartisan Reaction Politics.
Since the end of the summer, when Adelson started bank funding for a new Trump-backed Super Pac, named Preserve America, 87-year-old Adelson and his wife have poured $ 75 million into their coffers, turning them into the top financiers.
So far, Preserve America, has raised $ 83.8 million and is running ads that attack Democrat Joe Biden as “too weak to lead America”.
Adelson – whose sources say he will speak to Trump periodically – and his wife has developed a close relationship with Trump largely based on their similar views on pro-Israel policies and hawks at Middle East.
The Trump administration has pleased Adelson and other conservatives by moving the US embassy from Tel Aviv to Jerusalem, and Trump officials have taken a tough stance against Iran by scrapping the nuclear deal. of the Obama administration with Tehran, and recently called on the UAE and other countries to recognize Israel.
Sheldon and Miriam Adelson have also donated $ 50 million to a Super Pac called the Senate Leadership Foundation, run by close allies of Mitch McConnell and have so far raised it. $ 308 million to keep Room in GOP hands.
Adelson, whose net worth is pegged by Forbes at nearly $ 32 billion, has long been the top banker of the Jewish Union of the Republican Party, a conservative lobby group that backs Israel. for which he joined the board.
RJC is on track to spend a record 10 million dollars to help attract Jewish voters in several battlefield states including Florida and Pennsylvania, where the group hopes advertising and voting work can help Trump win again, as he did in 2016.
Furthermore, Adelson has written massive checks for a number of Super Pacs in favor of Senate allies facing tough races, including South Carolina Sen. Lindsey Graham, a mid-level supporter. city of Israel. The couple donated $ 1 million to the support organization Graham pac Security is Strength.
The Adelsons also invested $ 40 million in the Congressional Leadership Fund, a Super Pac supporting House GOP candidates; Pac’s fundraising relies heavily on former senator Norm Coleman, who is known for his close relationship with Adelson.
In 2018, the Adelsons spent a total of $ 124 million on Super Pacs, campaign committees and candidates, according to the Center for Responsive Politics (CRP).
The Adelsons often donate the majority of their money at the end of electoral cycles and historically give a mix of publicly disclosed checks and others for pre-dark suits that remain secret.
Two sources said Adelson’s total spending would reach $ 250 million but did not specify where the additional tens of millions of dollars would go, or if these funds were donated to non-profit groups that were not in love. public bridge.
Adelson’s belated fundraiser this year has come as Trump continues to lag behind Biden in national polls and in most battlefields, and as Biden’s campaign fundraising has overtaken Trump in the recent month.
This election cycle, the second largest sponsor after the Adelsons is New York billionaire Michael Bloomberg, who spent $ 107 million, most of which on Florida ads to help Biden, CRP data shows .
Adelson’s massive donations have happened even as his casino empire, which stretches from Las Vegas to Asia, has seen its revenue drop significantly this year because of the pandemic. As Bloomberg first reported, Adelson recently began exploring the sale of his two Vegas casinos and one fairground – which could raise $ 6 billion – to focus on Macau casinos and His Singapore, in recent years has brought in higher revenue.
Trump has been diligently attracting the support of both Adelson and his wife since he took office. In early 2020, Trump invited Adelson to serve on a business board that was supposed to provide guidance on how to reopen the country, and in 2018, Trump awarded Miriam the Presidential Medal of Freedom.
In January, the Adelsons traveled to Washington for the White House to formally announce Trump’s alleged Middle East peace plan, which Trump called the “deal of the century” but the Palestinian leaders and most of the Arab countries rejected it because it was too favorable for Israel.
Trump’s growth in casino billionaire also happened during private meetings in Washington and in Las Vegas, where the Adelsons live.
In May 2018, the day before Trump announced the US was withdrawing from Obama’s nuclear deal with Iran, Adelson traveled to Washington for a private meeting with Trump and top officials including Mike Pence and later. is national security adviser John Bolton, who is on good terms with Adelson.
But Trump’s efforts to lure Adelson clashed with many of his campaign pledges to “drain the wetlands” in Washington to limit the influence of major donors and lobby.
Sheila Krumholz, the head of the CRP, said: “Somehow, the promises to change culture in Washington or the ‘swamp’ disappear as big donors often line up millions of dollars in elections, “It’s seasonal amnesia,” said Sheila Krumholz, the head of the CRP.