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Adelson Could ‘Limitless’ Donations

MONEYBAGS

Source says casino magnate will “do whatever it takes.”

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What’s $100 million to a man worth nearly $25 billion? Sheldon Adelson, the casino magnate who donated $21 million to a super PAC supporting Newt Gingrich and followed up this week with $10 million to a pro–Mitt Romney super PAC, will apparently donate “whatever it takes” to defeat President Obama, a source told Forbes. The owner of the Las Vegas Sands casino will reportedly make “limitless” donations to get Romney elected, the source said—which certainly is in line with Adelson’s recent comments that he could donate as much as $100 million to Romney’s campaign. To make a comparison, the $10 million Adelson just donated to the Romney campaign is equivalent to an American family with a net worth of $100,000 donating $40.

Read it at Forbes