Sheldon Adelson, a Las Vegas billionaire, and his Israeli-American wife Miriam, have backed Newt Gingrich’s presidential primary races with $11 MILLION in financial support. On the 10th of February Bloomberg reported that the Adelson checks had stopped flowing into the Gingrich campaign coffers. Indeed, we’ve seen little to nothing of Newt Gingrich since. On February 5th, Adelson “signalled” that he will support Romney (according to the Romney campaign) if Romney becomes the nominee. Much is at stake here: gun laws, repealing ObamaCare and as you’ll see below, Israel.
However, Newmax has a different story, also dated February 5th, one that makes a difference to Newt, and pointing out that the Adelson’s are avid supporters of Israel and are vested in removing Obama from office:
The news is the result of a “highly delicate campaign” by Romney and his top Jewish financial supporters to dissuade Adelson from adding to the $10 million that he and his wife have given to a pro-Gingrich “super PAC,” Winning Our Future, that has been tearing into Mr. Romney through television advertising.
But Adelson is most likely to continue to help the group as long as Gingrich remained in the race. His affection for and loyalty to Gingrich, who met with him here on Friday, have not blinded him to the reality that the nominating contest is tilting in Romney’s favor.
“Sheldon is committed to keeping him in the race as long as he wants to stay in,” said Fred Zeidman, a top fund-raiser for Mr. Romney and a longtime friend of Adelson told The Times. “But any time that Newt decides to get out of the race, he would devote his energy and money to the overriding issue, which is beating Barack Obama.”
Gingrich and the Adelson’s met when Gingrich was House Speaker. The Adelson’s went to Capitol Hill to lobby for a bill to move the U.S. Embassy in Israel from Tel Aviv to Jerusalem, something you have heard Newt speak about numerous times on the campaign trail, including in his CPAC 2012 speech this weekend. According to this Washington Post story, Sheldon Adelson has been contributing to Gingrich endeavors for at least the past five years:
After putting up the seed money and ultimately $7.7 million between 2006 and 2010 for a nonprofit group that served as a precursor to Gingrich’s presidential campaign, Adelson, 78, an irascible Las Vegas billionaire, doubled down this month, giving $5 million to a political action committee run by former close aides to Gingrich.
“My motivation for helping Newt is simple and should not be mistaken for anything other than the fact that my wife Miriam and I hold our friendship with him very dear and are doing what we can as private citizens to support his candidacy,” Adelson, who is listed by Forbes as the eighth-wealthiest American, with a net worth of $21.5 billion, said in a prepared statement e-mailed to The Washington Post. He declined interview requests.
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