by InvestorPlace Staff | February 1, 2012 10:28 am
How did Mitt Romney pay for the 5-1 advertising blitz in Florida that ended with a 14 point win in the Sunshine State? Well, technically, he didn’t pay for it. At least, not all of it.
A Super PAC aligned with Romney’s campaign raised $18 million in the last half of 2011 from just 200 donors, and just over $30 million throughout 2011. This Super PAC has spent $17 million so far on advertising in early primary states, helping Romney to decisive wins in New Hampshire and Florida and a near-win in Iowa.
But where did Romney’s Super PAC money come from? A New York Times interactive graphic with data from the Federal Election Commission reports that every Super PAC must file shines some light on the matter. Here are five of the most intriguing names giving big bucks to the campaign, along with the amount of their donation.
Conard is an investor and a former Managing Director at Bain Capital, the private-equity firm that Romney helped co-found. He is currently a independent director and investor at Waters Corporation (NYSE:WAT), a firm that provides scientific testing supplies and software, and a director at Sensata Technologies (NYSE:ST), a company that makes sensors and controls for various types of vehicles.
Paulson is the founder of hedge fund company Paulson & Company. He is perhaps best known for betting against the subprime mortgage market, earning billions of dollars by short-selling on these mortgages.
Perry owns a homebuilding company, Perry Homes, based out of the Houston area. Perry previously was a major financier for the Swift Vets and POWs for Truth group, who infamously “swiftboated” Massachusetts Sen. John Kerry on his Vietnam service, torpedoing his 2004 presidential campaign.
Bill Marriott is the chairman and CEO of global hotel chain Marriott International (NYSE:MAR). Richard, Bill’s brother, is the chairman of Host Hotels & Resorts (NYSE:HST), a company that owns hotel real estate, particularly luxury hotel buildings and resorts. Richard and his wife gave $200,000 to another Romney-related Super PAC, Free and Strong America, in 2010.
For a complete list of major donors to Romney’s Super PAC and other key Super PACs for the upcoming collection, check out this New York Times interactive graphic.
– Benjamin Nanamaker, InvestorPlace Money & Politics Editor
The opinions contained in this column are solely those of the writer.
Want to share your own views on money, politics and the 2012 elections? Drop us a line at email@example.com and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.
Source URL: http://investorplace.com/investorpolitics/whos-funding-romneys-super-pac/
Short URL: http://investorplace.com/?p=126662
Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.