Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Breaking News

Adelson Boasts He Might Give Newt $100 Million

Jewish billionaire businessman Sheldon Adelson told Forbes magazine in an interview that his financial backing of Republican presidential candidate Newt Gingrich is based on more than just Gingrich’s staunch support for Israel.

“What scares me is the continuation of the socialist-style economy we’ve been experiencing for almost four years,” Adelson was quoted as saying, referring to the administration of current U.S. President Barack Obama. “That scares me because the redistribution of wealth is the path to more socialism, and to more of the government controlling people’s lives. What scares me is the lack of accountability that people would prefer to experience, just let the government take care of everything and I’ll go fish or I won’t work, etc.”

Adelson is a close ally of Prime Minister Benjamin Netanyahu and is the owner of the Israeli daily Israel Hayom.

Adelson has reportedly given $11 million to Gingrich’s super PAC, Winning Our Future, and is expected to donate $10 million more.

Responding to his critics, Adelson told Forbes, “Those people are either jealous or professional critics. They like to trash other people. It’s unfair that I’ve been treated unfair – but it doesn”t stop me. I might give $10 million or $100 million to Gingrich.”

For more go to Haaretz.com

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.