January 30th, 2012

Profile of Sheldon Adelson, Self-Proclaimed “Richest Jew in the World”

Sheldon Adelson has given more than $10 million to Newt Gingrich’s Super PAC, raising questions about how much influence one person should be able to wield in an election. In 2008, Connie Black profiled Sheldon Adelson in the New Yorker, exploring his transition from democrat to republican, and his quest for global political power.

Adelson, like other members of his family, had been a Democrat. But, as his wealth grew, he began to favor tax-averse Republican economic policies. He argued to an associate recently, “Why is it fair that I should be paying a higher percentage of taxes than anyone else?” Three years ago, at an event in Washington, D.C., celebrating the twentieth anniversary of the Republican Jewish Coalition, Adelson, who was being honored that evening, told the audience about the time he had spent with William Bush, the brother of George H. W. Bush, during the 1988 election. “He explained to me what Republicanism was all about … so I got to learn about it and I switched immediately!” Adelson said.

Read the full article here.

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