Ah, the perils of political gambling.
Casino magnate Sheldon Adelson had famously vowed to spend $100 million on helping elect failed Republican presidential candidate Mitt Romney and other GOP candidates. Now, it turns out Adelson apparently lost even more on that bet. The Huffington Post is reporting today that the amount is close to $150 million.
Two Republican fundraisers gave the Huffington Post a more detailed glimpse than previously seen into the political highroller's big money donations. In addition to Adelson and his wife giving $54 million to Super PACs, he gave big to nonprofit groups that don't have to disclose their donors, the article said.
His donations included between $30 million and $40 million to Karl Rove's group Crossroads GPS, another $15 million to efforts sponsored by the Koch brothers, $5 million to the U.S. Chamber of Congress and $6.5 million to the Republican Jewish coalition.
Adelson has been a strong critic of Obama's policies. But he also wasn't a big fan of the federal criminal investigations into his casino network under the Obama administration.
The gambling magnate was the largest donor in the election. But don't feel too bad for Adelson, because when you're worth $20.5 billion, $150 million might seem like ten bucks.
Via Huffington Post