Politics

Billionaire Adelson Pledges Unlimited Campaign Contributions To Mitt Romney

Newt Gingrich benefactor billionaire Sheldon Adelson and his wife Miriam have contributed $10 million to Mitt Romney’s super PAC Restore Our Future and now Forbes reports that the couple is willing to spend a “limitless” amount or more than $100 million to help defeat President Obama in November. And while $100 million sounds like a lot, the donation is just a drop in the bucket for the casino mogul. Adelson’s $10 million donation to Romney is “equivalent to $40 for an American family with a net worth of $100,000,” while his $100 million goal “constitutes the same percentage of Adelson’s wealth that $300 to $400 does for normal Americans.” Forbes estimates Adelson’s worth at $24.9 billion.