Senate Majority PAC, a Democratic money group run by former aides to Senate Majority Leader Harry Reid (D., Nev.), raked in more than $11 million in the first three months of 2014, and has almost $20 million cash-on-hand with which to buy our democracy.More than half of the group’s first-quarter haul came from two individuals: a corporate chairman and a hedge fund manager. The rest came from a predictable assortment of unions, lobbyists, investment managers, trial lawyers, a retiring senator who inherited billions, the wife of a corporate jet manufacturer, and the activist heir to a medical supply empire.
Here’s a look at some of the major donors:
AP
Fred Eychaner ($4,000,000)
Eychaner is president and CEO of Newsweb Corporation, a Chicago-based printing and media conglomerate. He has donated millions to Democratic candidates, committees, and left-wing Super PACs since 1997, and bundled more than $500,000 in donations for President Obama’s reelection campaign. According to visitor logs, Eychaner has met with Obama at the White House on numerous occasions. The Chicago Tribune estimated that Eychaner’s net worth was about $500 million (in 2005).
AP
James Simons ($2,000,000)
Simons is the founder and former CEO of Renaissance Technologies, a New York hedge fund with some $15 billion under management. He has also given millions to Democrats and pro-Democratic Super PACs over the years. He is worth more than $12 billion, according to Forbes. A prominent contributor to the Priorities USA, the pro-Obama Super Pac, Simons once hosted a fundraiser for the group at his home near Charlotte, N.C.READ MORE Sphere: Related Content
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