Republican mega-donor and casino billionaire Miriam Adelson plans to help bankroll a massive super PAC for Donald Trump as he seeks to close his financial gap with President Joe Biden.
Adelson is planning to play a major role in funding Preserve America, a pro-Trump super PAC founded during the former president’s 2020 reelection campaign. The group is now being reconstituted for the purpose of helping Trump’s 2024 bid, according to a person with direct knowledge of her plans who was granted anonymity to speak freely.
How much Adelson will donate to the super PAC is not clear, though the person familiar with her plans said the group was expecting to spend more than it did four years ago when Adelson and her late husband, Sheldon, donated $90 million to Preserve America. Their funds accounted for about 85 percent of what the organization raised in total.
Adelson, who is the executive of Las Vegas Sands and who also has a majority stake in the Dallas Mavericks with her son-in-law, has an estimated net worth of $33.3 billion, according to the Bloomberg Billionaires Index.