Democrat Millionaires & Billionaires
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Transcript of Democrat Millionaires & Billionaires
The Democratic Sugar-Daddy/Sugar-Mama DossierProgressives have their mega-donors.
Andy Kroll
Illustrations by Steve Brodner
LIGHTS, CAMERA, POLITICAL ACTION
Jeffrey Katzenberg
Now, with Priorities as his vehicle, Katzenberg has positioned himself as a leading financier behind a Hillary 2016 presidential bid
Age: 63Home: Los AngelesOccupation: CEO, DreamWorks AnimationNet worth: $957 millionWhy he matters: Katzenberg hosted a crucial February 2007 fundraiser for Barack Obama, signaling Hollywood’s overwhelming support for the senator over Hillary Clinton. Katzenberg ultimately raised tens of millions of dollars
for Obama’s 2008 and 2012 campaigns as well as funds for Governor Jerry Brown, Senator Elizabeth Warren, and others. He also ponied up $3.15 million for Democratic super PACs in the 2012 election cycle—$2 million of which launched the influential Priorities USA Action. Now, with Priorities as his vehicle, Katzenberg has positioned himself as a leading financier behind a Hillary 2016 presidential bid.
THE SON ALSO RISES
Jonathan Soros
Soros wants to pass public financing in New York state while injecting Friends of Democracy into more state and congressional races
Age: 45Home: New York City Occupation: Investor, political activistNet worth: UnknownWhy he matters: Jonathan Soros has emerged in recent years as a savvy donor and operative, much more hands-on than his father, George, the billionaire investor and Democratic donor. In particular, the younger Soros has pumped millions into the cause of campaign-finance reform, mostly through Friends of Democracy, an anti–super PAC super PAC that seeks to elect state and federal lawmakers who support public financing of elections. In 2012, seven of the eight lawmakers backed by Soros’s PAC won. Soros wants to pass public financing in New York state while injecting Friends of Democracy into more state and congressional races.
THE BLACK SHEEP
Laura Ricketts
Ricketts is the black sheep of her right-leaning family, which owns the Chicago Cubs
Age: 46Home: Chicago Occupation: Co-owner, Chicago Cubs; activistNet worth: UnknownWhy she matters: Ricketts is the black sheep of her right-leaning family, which owns the Chicago Cubs. Her father, Joe, the founder of TD Ameritrade, and her brother Todd are the brains and money behind Ending Spending, a conservative political operation that during the 2012 election considered attacking Obama as a “metrosexual, black Abe Lincoln” but later abandoned that plan. By contrast, Laura, who is a lesbian, bundled at least $793,000 for
Obama since 2007 and started her own super PAC to elect “pro-lesbian, pro-women” candidates.
THE GREEN BILLIONAIRE
Tom Steyer
Believing that global warming is the generational cause of our time, Steyer has opened his own political shop, NextGen Climate, to influence elections
Age: 57Home: San FranciscoOccupation: Retired hedge-fund investor, environmental activistNet worth: $1.6 billionWhy he matters: Steyer has been a reliable Democratic donor since the
1990s and a major spender on California ballot initiatives—in 2012, he dropped $30 million on a measure to close corporate tax loopholes and invest the money in schools and the environment. Believing that global warming is the generational cause of our time, Steyer has opened his own political shop, NextGen Climate, to influence elections. In 2013, NextGen spent $8 million to defeat Republican Virginia gubernatorial candidate Ken Cuccinelli. This year, Steyer aims to spend $100 million (or more) to elect environmentally conscious candidates and pressure state and federal lawmakers to take action fighting climate change.
THE TEXANS
Steve Mostyn and Amber Anderson Mostyn
The Mostyns donated $5.2 million to Democratic super PACs in the 2012 cycle, and they’re poised to provide much more in 2016
Age: 43, 43Home: Houston Occupation: Trial lawyersNet worth: UnknownWhy they matter: The long-term effort under way to turn Texas blue, largely by registering millions of Latino voters and implementing an Obama-style get-out-the-vote machine, wouldn’t exist if not for the Mostyns. They’ve emerged as the anchor donors of Texas Democratic politics, giving $250,000 to Battleground Texas and leading Annie’s List, a state-level version of EMILY’s List, which identifies, trains, and funds pro-choice Democratic women candidates for office. The Mostyns donated $5.2 million to Democratic super PACs in the 2012 cycle, and they’re poised to provide much more in 2016. They’re founding members of Ready for Hillary, the super PAC-cum-campaign-in-waiting for Clinton’s 2016 run.
THE LGBT ATM
Tim Gill
No donor has done more to promote marriage equality in the country than Gill
Age: 60Home: DenverOccupation: Former software developer, LGBT activistNet worth: UnknownWhy he matters: No donor has done more to promote marriage equality in the country than Gill. But you probably haven’t heard of him. He prefers it that way. Over his lifetime, Gill has given $300 million to the gay-rights cause—electing local and state politicians who support same-sex marriage and expanding rights for lesbian, gay, bisexual, and transgender people—including a new campaign targeting southern and western states. Much of
Gill’s giving is done through 501(c)(3) and 501(c)(4) nonprofits, which is why his profile is lower than those of his fellow progressive donors.
THE TECH BRO
Sean Parker
His network of young tech execs could be a wellspring of Democratic cash in future elections
Age: 34Home: New York CityOccupation: Tech investorNet worth: $2.6 billionWhy he matters: One of the Facebook billionaires, Parker is ramping up his political activities—and, like some of his tech brethren, taking an unorthodox
approach by courting candidates across the ideological spectrum. He’s donated mostly to Democrats so far—his $500,000 check made him Virginia Governor Terry McAuliffe’s largest individual donor in 2013—while also meeting with the likes of Senator Rand Paul and hosting GOP lawmakers in Silicon Valley. His $250,000 donation to Friends of Democracy, the anti–super PAC super PAC founded by Jonathan Soros, signaled Parker’s goal of reducing money’s influence in Congress. His network of young tech execs could be a wellspring of Democratic cash in future elections.
THE RECLUSIVE ROCKEFELLER
Alida Messinger
Messinger, the youngest daughter of John D. Rockefeller III, has invested more than $10 million in progressive politics in Minnesota
Age: 64Home: Afton, MinnesotaOccupation: Philanthropist, conservationistNet worth: UnknownWhy she matters: Messinger, the youngest daughter of John D. Rockefeller III, has invested more than $10 million in progressive politics in Minnesota, where Democrats control both U.S. Senate seats, five of the state’s eight congressional seats, and every constitutional office—governor, lieutenant governor, attorney general, secretary of state, and state auditor. Messinger, who was once married to Governor Mark Dayton, has also spread the gospel of Minnesota progressivesto donors in other regions who hope to turn their states blue.
THE HAWK
Haim Saban
“The president of the United States, wearing his boxers, is coming down the stairs, and I am going to have to stop talking and go have breakfast with him.”
Age: 69Home: Beverly HillsOccupation: Entertainment executiveNet worth: $3.4 billionWhy he matters: Saban, who brought the Mighty Morphin Power Rangers to U.S. audiences, is a close friend of Bill and Hillary Clinton’s and has donated millions to their foundation and the Clinton Presidential Library. He can raise millions for a Hillary presidential bid. A hawk on issues regarding Israel, Saban funds a highly regarded annual conference on U.S.–Israeli relations that has featured both Clintons as speakers. Bill has stayed at Saban’s home,
with his host once telling a friend, “The president of the United States, wearing his boxers, is coming down the stairs, and I am going to have to stop talking and go have breakfast with him.”
ROCKY MOUNTAIN HIGH ROLLER
Pat Stryker
Pat Stryker was one of the “Gang of Four” donors who invested heavily in turning Colorado blue starting in the early 2000s
Age: 58Home: Fort Collins, ColoradoOccupation: PhilanthropistNet worth: $1.9 billion
Why she matters: An heiress to the founder of the Stryker medical-device company, Pat Stryker was one of the “Gang of Four” donors who invested heavily in turning Colorado blue starting in the early 2000s. The political machine her money helped create in Colorado has served as the template for progressive takeovers in Maine, Minnesota, and Washington state. As Democrats fight to keep Colorado in their column by defending their majorities in the legislature and re-electing Governor John Hickenlooper, Stryker’s donations will play a crucial role.
THE RENEGADE 1-PERCENTER
Nick Hanauer
Hanauer has helped build a coalition of nonprofits intended to nudge Washington state to the left
Age: 54Home: SeattleOccupation: Venture-capital investor, activist, philanthropistNet worth: $1 billionWhy he matters: Hanauer has helped build a coalition of nonprofits intended to nudge Washington state to the left. He co-founded the League of Education Voters while giving $5 million to Democratic candidates and efforts supporting ballot measures to mandate background checks for gun purchases and raise the state income tax. Hanauer, who caused a ruckus with a 2012 TED talk about inequality, also sits on the board of the Democracy Alliance, the national liberal donor club.
CITIZEN MAINE
S. Donald Sussman
Sussman funded a ballot measure to reinstate same-day voter registration
Age: 68Home: North Haven, MaineOccupation: Hedge-fund investor, newspaper ownerNet worth: UnknownWhy he matters: Maine’s most powerful 1-percenter, a hedge-fund manager married to Congresswoman Chellie Pingree, Sussman runs various funds that control $2 billion. He owns several Maine newspapers, including the Portland Press Herald, and he has given more than $12 million to political committees, ballot initiatives, and political nonprofits since the 1990s, including $1.15 million in 2012 to a super PAC backing House Democrats. In