A small group of GOP megadonors — led by Casino tycoon Sheldon Adelson and his wife Miriam — are pouring millions of dollars into a new super PAC supporting Donald Trump
All are well-established names on the Republican Party’s roster of megadonors. The Adelsons have now spent more than $125 million this election cycle.
As a super-PAC, Preserve America can accept unlimited contributions from individuals. The group filed paperwork to form in August and quickly started spending millions on digital ads and media buys. Preserve America has spent over $75 million on independent expenditures, according to records filed with the FEC. In total the group has raised $83.8 million—97% of it from those aforementioned tycoons.
Thanks to its billionaire benefactors, Preserve America has quickly emerged as one of the top super-PACs working against Joe Biden. The group’s, so far, focus on depicting Biden as “too weak” to be president. Another pro-Trump super-PAC, America First Action, has raised $82.9 million since 2019. At least one-quarter of that money came from billionaires, including Stephens and Hendricks, according to an analysis of FEC filings. The Adelsons and Marcus last gave to the group in 2018.
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