At the very least eight extra billionaires or spouses of billionaires lately donated to the Lincoln Venture, a super-PAC led by former Republican consultants making an attempt to defeat Donald Trump in November.
The most important billionaire contribution got here from oil inheritor Gordon Getty, who gave $1 million to the super-PAC final month, based on committee information filed with the Federal Election Fee Wednesday.
Different new donors embody Hyatt inns inheritor John Pritzker (who gave $100,000), IT tools entrepreneur Michael Krasny ($10,000), Cargill heiress Gwendolyn Sontheim Meyer ($10,000), investor Robert Ziff ($10,000) and hedge fund tycoon Joseph Edelman ($2,000). Karen Finerman, who’s married to a different hedge fund billionaire, Lawrence Golub, gave $5,000. Lizzie Tisch, the spouse of Loews Resorts CEO Jonathan Tisch, additionally gave $1,000. Counting this new group of donors, at the least 15 billionaires or billionaire spouses have given to the Lincoln Venture this 12 months.
Donors can’t contribute greater than $5,600 per election cycle on to presidential campaigns, however there is no such thing as a restrict to what they’ll contribute to super-PACs just like the Lincoln Venture. Some donors who gave earlier within the 12 months donated much more between July and September, the newest month that donor info is out there.
Billionaire producer David Geffen, who first contributed to the super-PAC in June, gave one other $200,000 in August and September. Sequoia enterprise capitalist Michael Moritz, one other earlier donor, gave one other $50,000 in July. Walmart heiress Christy Walton first gave to the group in January. She donated one other $10,000 in July, bringing her whole contributions to $40,000. The Lincoln Venture raised $39.four million between July and September, based on filings. At the very least 3% of that got here from billionaires. In whole, the Lincoln Venture has raised $58 million this 12 months.
The super-PAC began in late 2019, launched by a gaggle of former Republican strategists who as soon as labored for the likes of John McCain, George W. Bush and Dick Cheney. It has targeted on turning Republican voters away from Trump and scary the president with viral adverts and social media posts.
Their advert known as “Mourning In America,” a riff on the well-known Ronald Reagan marketing campaign business from the 1980s, turned an early viral hit, sending Trump on a Twitter tirade again in Might. “I by no means thought it could be the political consulting class that must arise for ethical righteousness,” stated Mike Madrid, one of many group’s founders, in a current New Yorker interview.
This put up was up to date on October 14, 2020 at 2:35 p.m.