3 billionaires who’ll drag out the race - Kenneth P. Vogel
Meet the three billionaires who could drag out the GOP presidential primary, bloody up front-runner Mitt Romney and weaken the odds of defeating President Barack Obama: Sheldon Adelson, Foster Friess and Jon Huntsman, Sr.
The three men are contributing millions of dollars to a trio of outside groups flooding the airwaves in early voting states with brutal ads attacking Romney and ads backing the candidates they would prefer to win the Republican nomination.
Adelson, a Las Vegas casino mogul, has written a $5 million check — and has considered giving much more — to a so-called super PAC backing Newt Gingrich’s presidential campaign.
Huntsman, Sr., who made his fortune at the helm of an eponymous chemical and manufacturing company, reportedly has invested millions in a super PAC supporting the presidential bid of his son, former Utah Gov. Jon Huntsman, Jr.
And Friess, a Wyoming mutual fund master, acknowledged to POLITICO that he is a major financial backer of a super PAC supporting Rick Santorum called the Red, White and Blue Fund and is preparing to give more, but declined to say how much he has given or plans to give.