Newt’s billionaire backer cashed in during Obama years

That doggone socialist Obama is making life so difficult that Newt Gingrich’s top campaign contributor has made most of his fortune during the Obama years. Forbes writes about the many others who have become multi-billionaires since Obama arrived in the White House. This isn’t your father’s socialist state.  From Forbes:

Sheldon Adelson has made more money during the Obama administration than any other American. Worth about $25 billion by FORBES’ calculation, the CEO of casino giant Las Vegas Sands has minted $21.6 billion over the last three years–more than Mark Zuckerberg, Bill Gates, and Larry Ellison–as his casino empire battled back from the brink of default.

Not that Adelson’s giving Obama any credit for the massive gains–far from it. He wants Obama fired. Adelson has made headlines for keeping Newt Gingrich’s presidential race alive with a $11 million donation to his super PAC, Winning Our Future, (an additional $10 million is rumored to be on it’s way).

Yeah, most Americans are terrified of this kind of radical socialism where billionaires are popping up.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

Share This Post

© 2018 AMERICAblog Media, LLC. All rights reserved. · Entries RSS