Miriam Adelson has been spending the final few weeks of the general election campaign doing something that might be unexpected for one of the richest people in the world: asking other people for money.
Ms. Adelson, the Las Vegas casino magnate with a net worth of $35 billion, has put $100 million into her pro-Trump super PAC, Preserve America, this year. The super PAC was totally funded by her, and it spent almost all of her money throughout the summer and fall. The super PAC, established in June when President Biden was the nominee, initially did not anticipate spending money to air television ads in October when it expected the Trump campaign or other groups to be shouldering much of the advertising load. Ms. Adelson was not eager to commit even more money, group officials have said.
Yet Ms. Adelson, a physician and a conservative megadonor, and her operatives have been eager to keep Mr. Trump on television in the battleground states of Wisconsin and Michigan, especially given that he is being outspent by Vice President Kamala Harris and her allies. So other donors have said that beginning in early October, Ms. Adelson has been soliciting other billionaires to help bridge the gap to keep the group on the air through Election Day.
“We had an initial $100 million,” said Dave Carney, a senior adviser to the group. “We’re trying to raise more, and Dr. Adelson has been a fund-raising star getting more people on board.”
Super PACs formed by a single rich donor can struggle to raise outside money as fellow billionaires wonder why the patron won’t foot the whole bill. Ms. Adelson has raised over $10 million for her super PAC over the last few weeks, a spokesman for her said. Supporters of the group who will be made public in a Thursday filing with the Federal Election Commission include the conservative billionaires Liz Uihlein, Ronnie Cameron and Diane Hendricks, who gave $3 million, $2 million and $1 million, respectively. Mr. Carney said the group now had over 100 donors.
We are having trouble retrieving the article content.
Please enable JavaScript in your browser settings.
Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.
Thank you for your patience while we verify access.
Already a subscriber? Log in.
Want all of The Times? Subscribe.
Source: Elections - nytimes.com
