Forbes reports Adelson has already donated $10 million to the super PAC supporting Romney. However a source tells the magazine further donations would be "limitless," and could top $100 million.
Adelson, this source continues, believes that “no price is too high” to protect the U.S. from what he sees as Obama’s “socialization” of America, as well as securing the safety of Israel. He added that Adelson, 78, considers this to be the most important election of his lifetime.
In an interview with me in February, Adelson said that he’d likely shift his financial support to the Republican front-runner if Gingrich dropped out of the race–which he did in May. Now Romney is positioned to reap Adelson’s largess. Thanks to the Citizens United decision, there are no curbs on how much Adelson could give the pro-Romney Super PAC, Restoring Our Future. Given that he’s one of the 15 richest people in the world, the Sands chairman could personally bankroll the equivalent of entire presidential campaign–say, $1 billion or so–and not even notice. (The $10 million donation he just made to Romney is equivalent to $40 for an American family with a net worth of $100,000.)
Does Adelson feel guilty about one American potentially steering the fate of the presidential election? “I’m against very wealthy people attempting to or influencing elections,” Adelson told me in February. “But as long as it’s doable I’m going to do it. Because I know that guys like Soros have been doing it for years, if not decades. And they stay below the radar by creating a network of corporations to funnel their money. I have my own philosophy and I’m not ashamed of it.”
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