In the new age of campaigning and politics, super PACs reign supreme. With these clever little financing loopholes, candidates can raise unlimited amounts of money to spend on advertisements, travel, and those annoying polling calls you get during dinner asking who youâre planning to vote for.
The tricky thing about super PACs is that they do not have to disclose their funding sources. This way, the rich can donate to their favorite candidate but you wonât necessarily be able to find out whoâs buying which candidateâs loyalty. Fortunately, some super PACs willingly disclose that information. Here youâll find a list of the 16 richest super PACs and what their political ambitions are:
Freedom Partners Action Fund
Founder(s): David and Charles Koch
Money Raised in 2015: Unclear. $3.8 Million âcash on handâ
Who Does It Fund: Conservative Candidates, currently: Ted Cruz
The Koch brothers, apparently feeling like dominating the private sector wasnât enough, started their own super PAC to influence the public sector more directly. While the current amount donated to Freedom Partners Action Fund is unclear, we do know that they contributed $15 million to Ted Cruzâs campaign.
This contribution came shortly after the Koch brothers threw a lavish party in August that was widely regarded as a sort of âauditionâ party where Ted Cruz, Jeb Bush, Marco Rubio, and Scott Walker all competed to win the backing of the super PAC. Ted Cruz apparently gave the best audition considering the large contribution he just received.