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NEWS ABOUT: Sheldon Adelson

Stop the Billionaires: Amend the Constitution

Jonathan Alter: Citizens United, super PACs killing our democracy

(Newser) - To Jonathan Alter, it's already clear that the 2012 presidential election will be "one of the most corrupt in US history." It's all thanks to Citizens United, the court ruling that allows a "tiny group of billionaires"—the current crop includes Sheldon Adelson , the... More »

What Santorum's Sweep Means

Romney looks battered, Gingrich looks worse

(Newser) - Rick Santorum's stunning sweep of Colorado, Minnesota, and Missouri yesterday has thrown another plot twist into the Republican nominating contest. Here's what you need to know:
  • Santorum may finally get the bounce that largely eluded him after Iowa, helping him raise money and pique voter interest, the New
... More »

Gingrich Billionaire Pal's Plan B: Romney

Sheldon Adelson's focus on beating Obama, whoever wins nomination

(Newser) - Billionaire Sheldon Adelson has kept Newt Gingrich's presidential campaign afloat, giving $10 million to a pro-Gingrich super PAC , but the former speaker of the House shouldn't get too comfortable—Adelson says he will give even more generously to Mitt Romney, should Romney win the Republican nomination, reports the... More »

Newt: I'm Going to GOP Convention

Republican candidate will battle on if he loses Florida primary

(Newser) - With Mitt Romney leading in a Florida poll , Newt Gingrich made it clear today: “I will go all the way to the convention. I expect to win the nomination," he said. "You just had two national polls that show me ahead. Why don’t you ask Gov.... More »

Meet the Billionaire Who Backs Newt

Sheldon Adelson gave $10M to pro-Newt Super Pac

(Newser) - Who is the multi-billionaire casino mogul backing Newt Gingrich's campaign ? Meet 78-year-old Sheldon Adelson, a very private man who supports Israel and Republican causes, the Guardian reports. Now he has boosted Gingrich in the primaries by giving $10 million to a pro-Newt super PAC. "Our motivation for... More »

These 5 People Lost the Most This Year

Think your 401(k) has taken a hit? One tycoon has taken a $32B bath

(Newser) - Think you've taken a bath in the markets? Business Sheet compiles this year's five biggest losers:
  1. Warren Buffet Loss: $13.6 billion. Though he’s bought when others wouldn’t and come to the rescue of many (Goldman and GE, to start), losses dropped the famed investor’s liquid wealth
... More »

Big Players Reel in Charity Spending

Drop-off in corporate giving leaves groups scrambling

(Newser) - Charities used to getting much of their money from major corporations and private foundations are feeling the economic downturn, the Wall Street Journal reports. Bill Gates’ foundation plans to give fewer grants next year, and other large donors are honoring existing pledges but refusing to make new ones. “You... More »

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

(Newser) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as... More »

Macau Casinos Double Vegas' Take

Chinese high rollers power Asia hot spot to record profits

(Newser) - If you thought Las Vegas was gambling’s capital city, think again. Casinos in Macau didn’t just beat Nevada’s finest this quarter, they lapped them. Macau’s gambling revenues jumped 62% from a year ago, doubling Vegas’ take over that stretch—though the casinos, which can't lend money... More »

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