One of the defining elements of the 2012 presidential campaign is money. Not that the candidates themselves have raised all that much; except for President Obama, they haven’t. But two dozen wealthy Americans have put in at least $1 million each.
Mostly, they’re a mix of Wall Street financiers and entrepreneurs. One of the biggest donors is Sheldon Adelson, a casino magnate who is worth about $25 billion.
Since January, he has put more than $10 million into the superPAC backing Newt Gingrich. And that money has kept Gingrich’s presidential hopes alive when the candidate’s own campaign was out of cash.
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