June was a good month for superPACs. A very good month.
More than $55 million poured into the political action committees, the Sunlight Foundation reported over the weekend.
According to Sunlight’s Jacob Fenton, 11 individuals were responsible for over $27.6 million in contributions to the superPACS, which are free to spend unlimited amounts independently of the campaigns.
Among the top donors to Republican-affiliated groups:
Billionaire casino mogul Sheldon Adelson and his wife Miriam ($11 million); Bob Perry of Perry Homes ($4.1 million); private equity CEO John Childs ($2.5 million; 21-year-old Ron Paul backer John Ramsey ($1.11 million), and billionaire hedge fund manager Paul Singer ($1 million.) Corporations kicked in another $4 million to GOP groups.
Among the top Democratic donors were:
Former Qualcomm CEO Irwin Jacobs ($2 million); reclusive media mogul Fred Eyechaner ($1.95 million); billionaire hedge fund manager George Soros ($1 million); Israeli-American billionaire Haim Saban ($1 million), and actor Morgan Freeman ($1 million). Unions contributed $2.6 million to Democratic groups.
The lion’s share of June’s largess went to two superPACS: Restore Our Future, which collected $20.7 million to back Mitt Romney; and Priorities USA which mustered $6.2 million to back Barack Obama.
Karl Rove’s American Crossroads, which had its best month ever, brought in $5.8 million to bankroll causes supported by the GOP strategist, reported the Associated Press.
June was a good month for super PACs.
A very lucrative month.