Wednesday, October 24, 2012

In Profile: The Big Time Billionaire Backer of Mitt Romney

WaPo has the report:

When casino magnate Sheldon Adelson switched his support from Newt Gingrich to Mitt Romney during the spring primaries, the billionaire and the candidate were eager to shed their skepticism of each other. If Adelson was going to give a political campaign more money than anyone ever had, he wanted to be certain Romney would join him in steadfast support of Israel. And Romney, according to friends of both, sought assurance that Adelson wouldn’t embarrass him.

Since then, Adelson has joined Romney during the candidate’s visit to Israel this summer, attended presidential debates and gotten together with Romney so often that their wives have become friends, according to confidants of the two men...

He’s a scrappy fighter who defends what is his, a self-made man who held more than 50 jobs before striking gold with his Venetian casino on the Vegas Strip, and he has developed a powerful aversion to taxes and unions. He is the 12th-richest person in the nation, according to Forbes magazine, with a fortune valued at $21 billion...

Adelson is driven by the idea of Israel as a muscular riposte to the Holocaust. Based on his experience as a Jewish kid who would get insulted and roughed up in a tough Boston neighborhood, Adelson believes Jewish Americans should back an Israel that puts security first and resists compromise with Arabs who do not accept its existence...

“Israel is at the core of everything he does,” says Fred Zeidman, a friend of Adelson, fellow Romney backer and former chairman of the U.S. Holocaust Memorial Museum.

Adelson is something of a paradox. Jewish friends and foes alike call him a “shtarker” — a Yiddish term for a tough guy — yet his pattern of giving supports both his own business interests and more selfless pursuits, such as the more than $100 million he has given to Birthright Israel, a program that sends young American Jews on all-expenses-paid trips to the Jewish state...

Like other Jewish teens in Dorchester, young Sheldon was occasionally beaten up by Irish kids full of anti-Semitic vinegar. Yet he knew that millions of other Jews faced vastly worse enemies in Europe...

Adelson’s passion for Israel does not stem from religious devotion; he is not a regular at synagogue, does not speak much Hebrew, and is neither kosher nor Sabbath-observant, says Klein, who is both.

When Adelson first visited the Holy Land, he wore his father’s shoes as he stepped off the plane so something of his father’s would be the first to touch the ground.

Like Israeli Prime Minister Benjamin Netanyahu, whom he visits regularly, Adelson believes the Jewish state’s neighbors have proved unwilling to accept its existence.

To promote his view, Adelson five years ago launched a free tabloid, Israel Today, that has become the No. 1 newspaper in Israel and a loyal booster of Netanyahu, leading critics to charge that a foreign investor is having undue influence on domestic affairs.

Adelson’s attachment to Israel dates back decades, so few friends were surprised when, after his divorce, “he asked friends to fix him up only with Israelis”...

Adelson’s $1.5 billion Venetian remains the only major casino on the Strip that is not unionized...

Adelson has been known to cut off those who disagree with his worldview. In 2007, when the American Israel Public Affairs Committee, which Adelson had supported financially, decided to support increased aid to the Palestinian Authority, Adelson halted his gifts to AIPAC...

The full WaPo profile is here.

1 comment:

  1. Too late to back down. If Repubs lose, expect the SS to come after Adelson.
    Any nail sticking up will be hammered down by Obama's fascists.
    Poor guy has to double down.

    ReplyDelete