Casino magnate Sheldon Adelson has already contributed $5 million to Newt Gingrich's super PAC "Winning Our Future," on two separate occasions. Now in an upcoming profile in Forbes Magazine the billionaire has indicated he may still donate another $100 million to Republican presidential candidate Newt Gingrich.
“They like to trash other people. It’s unfair that I’ve been treated unfair—but it doesn’t stop me. I might give $10 million or $100 million to Gingrich,” Adelson told Steve Bertoni of Forbes. The 78-year-old has a net worth of about $25 billion, so the total $11 million that Adelson and his wife have already donated to the struggling Gingrich campaign accounts for 0.044% of his fortune.
“I’m against very wealthy people attempting to or influencing elections,” Adelson claims. “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. I gave the money because there is no other legal way to do it. I don’t want to go through ten different corporations to hide my name. I’m proud of what I do and I’m not looking to escape recognition.”
Adelson, who was born in Boston in 1933 to Ukranian Jewish immigrant parents, is a strong supporter of Israel and opposed to President Obama's economic policies.
"I’m afraid of the trend where more and more people have the tendency to want to be given instead of wanting to give," said Adelson. "People are less willing to share. There are fewer philanthropists being grown and there are greater expectations of the government. I believe that people will come to their senses and not extend the current Administration’s quest to socialize this country. It won’t be a socialist democracy because it won’t be a democracy.”
While Adelson has been supportive of the now back-of-the-pack Gingrich campaign, the billionaire said he likes and knows Santorum and Romney, and "the likelihood is that I'm going to be supportive of whoever the candidate is."
However, Adelson did say “If Ron Paul is chosen I certainly wouldn’t do that.”