Billionaire, Super Pac | featured news

Billionaire financier George Soros has given $1 million to the primary super PAC helping President Obama. The funding is a boost to Priorities USA Action in the final weeks of the campaign.

Sheldon Adelson has reportedly given $10 million to Republican Mitt Romney’s Super PAC. This should come as no surprise and expect the $10 million to be just be the beginning of a total gift that Adelson, the billionaire owner of the Las Vegas Sands casino empire, will likely rain on the Romney campaign.

For months now, his name has gone hand-in-hand with that of Newt Gingrich. But as the former House speaker prepares to leave the Republican nomination race next week, Sheldon Adelson has to decide what political causes -- and which candidates -- to support.

Time may be up for Newt Gingrich; but his biggest backer is not going away. Sheldon Adelson, the casino billionaire who with his wife donated $16.5 million dollars to a Newt-linked Super PAC – and later said he might be willing to up that to $100 million – has made it plain he’ll eagerly switch his allegiance to whichever Republican faces Barack Obama in the fall.