logo

Crowdpac: Wall St. Chooses Cruz, Clinton in 2016 Race

image
Author: Crowdpac
Created: 11 February, 2016
Updated: 16 October, 2022
1 min read

The Federal Elections Commission released the latest data on who’s donating to presidential candidates, and with that data, new information on which candidates are taking money from Wall Street. Ted Cruz is leading other candidates in large donations from individual Wall Street investors, which was also true when Crowdpac investigated donors in September. After Ted Cruz, Hillary Clinton has the largest donation from an individual Wall Street backer.

yud8zffoe0p54fista84

Ted Cruz has raised $11 million from Robert Mercer, a computer programmer who is the CEO of the hedge fund Renaissance Technologies. In addition to donating to Cruz’s campaign, Mercer supports the Heritage Foundation, a conservative think tank, and Breitbart.com. Robert Mercer is the single largest donor in the 2016 election thus far.

apji4hjzanxrjgfsq3jt

The second largest donation, by oil and natural gas investor Toby Neugebauer, is also to Ted Cruz. Neugebauer is a fellow Houstonian who’s given $10 million to the pro-Cruz SuperPAC “Keep the Promise.”

Hillary Clinton’s largest donor is George Soros, who founded the successful hedge fund Soros Fund Management. Soros is known for his support of liberal candidates and backed President Obama over Senator Clinton in the 2008 primaries. He’s donated $7 million to Clinton so far.

tj2lyjoidzodigy2ot4q

While Cruz and Clinton win over wealthy individuals, Jeb Bush still leads in total dollars raised from donors employed at financial and insurance firms. Crowdpac’s Money Race shows Bush has raised $40 million from the industry, almost double Cruz’s total, despite the support of Mercer and Neugebauer.

Latest articles

two parties
Democrat-Led Lawsuit Kills Independent Redistricting Initiatives in Nevada
The Nevada Supreme Court on Friday upheld the ruling of a lower district court that two identical ballot questions that would create an independent redistricting commission were invalid because sponsors did not add a revenue source to either initiative....
11 May, 2024
-
2 min read
Voter
Independent Voters Are Many Things -- A Myth Isn't One of Them
Open Primaries continued its ongoing virtual discussion series Tuesday with a conversation on independent voters, who they are, and why we have a system that actively suppresses their voices at every level of elections and government....
08 May, 2024
-
2 min read
RFK Jr
RFK Jr Challenges Trump to Debate; Calls Out 'Fake Polls'
Independent presidential candidate Robert F Kennedy extended a challenge Tuesday to former President Donald Trump to debate him at the Libertarian National Convention at the end of May....
07 May, 2024
-
3 min read