$220,185,600Rich

The 16 Richest Super PACs

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 you’re planning to vote for.

Juli Hansen / Shutterstock.com
Juli Hansen / Shutterstock.com

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 won’t necessarily be able to find out who’s buying which candidate’s loyalty. Fortunately, some super PACs willingly disclose that information. Here you’ll 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 “cash on hand”
Who Does It Fund: Conservative Candidates, currently: Ted Cruz

The Koch brothers, apparently feeling like dominating the private sector wasn’t 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 Cruz’s campaign.

This contribution came shortly after the Koch brothers threw a lavish party in August that was widely regarded as a sort of “audition” 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.

Gage Skidmore
Gage Skidmore

Advertisements

Comments