Casino magnate Sheldon Adelson, whose net worth is estimated $24.9 billion and who was the chief financial backer of Newt Gingrich’s presidential campaign just donated $10 million to one of the pro-Romney SuperPACs. Forbes today quotes a source close to Adelson who says Adelson believes that “no price is too high” to protect the U.S. from what Adelson sees as Obama’s “socialization” of America, as well as securing the safety of Israel.
While the Gingrich campaign was alive, Adelson’s money funded ads portraying Mitt Romney as a heartless job-killer. But now that Gingrich is out and Romney is the only guy that can prevent a second Obama term, the source says Adelson’s willingness to support Romney is “limitless.”
This level of giving is, of course, made possible by the Citizens United decision, which was based on Justice Anthony Kennedy’s belief that such spending by “independent” SuperPACs could occur without “coordination” with the candidate’s own campaign.