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Sheldon Adelson: Big spender and micromanager

By Laurie Bennett

January 26, 2012 at 11:20am

Anyone trying to figure out how long Sheldon Adelson will continue to finance Newt Gingrich might well look at his spending in the 2008 campaign.

Adelson and his wife, Miriam, have given a total $10 million to Winning Our Future, the super PAC supporting Gingrich’s presidential bid.

How much more they might contribute is clearly not matter of money. With an estimated net worth of $21.5 billion, Adelson is listed by Forbes as the eighth richest person in the U.S.

Four years ago, he put $30 million into Freedom’s Watch, a 527 group that was perceived as a conservative response to MoveOn.org. It backed troop escalation in Iraq and raised alarms about the threat of nuclear arms in Iran.

But infighting led to the group’s demise after the general election.

As Atlantic notes, Adelson, who provided nearly all the financial support, was accused of micromanaging.

Indications of how the team currently gets along might be read from current allegiances.

Carl Forti, an executive vice president at Freedom’s Watch, is now political director for American Crossroads, the super PAC supporting Mitt Romney.

Real estate developer Mel Sembler, a co-founder of Freedom’s Watch, is a member of Romney’s national finance team.

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2 Comments

  • #1.   Kelly 01.26.2012

    Mel Sembler is responsible for the systematic torture and abuse of thousands of children via Straight Inc. Romney has close ties to not only Sembler but also Robert Lichfield, founder or WWASP schools. WWASP is also responsible for the torture and abuse of children. Blood money

    Google Mel Sembler and Straight.

    http://reason.com/archives/2007/06/27/romney-torture-and-teens

  • #2.   SFHarry 01.28.2012

    Newt’s personal life says a lot about the man and his abilities to be stable and loyal.
    I have made a humorous video that I believe shows how his wives must have felt about his loyalties. You may see it at
    http://www.youtube.com/watch?v=AQSsMRe6BJE
    Hope you enjoy!

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