Steyer Passes Adelson as No. 1 'Super PAC' Donor
Tom Steyer, the billionaire hedge fund founder who has pledged to spend $50 million of his own money to defeat Republican candidates in Senate and governor's races this campaign cycle, exceeded that mark in September.
Mr. Steyer's "super PAC," NextGen Climate Action Committee, reported on Monday night that it received $15 million from him last month, putting his total contributions to the committee since June 2013 at $55 million.
That makes Mr. Steyer the largest super PAC donor, putting him ahead of the casino magnate Sheldon G. Adelson, who gave $49.8 million to super PACs during the 2012 campaign. More than half of Mr. Steyer's donations to NextGen have come in the previous two months; he also gave $15 million in August.
NextGen has paid for millions in television advertisements and other campaign activities in Senate races, but also has become a donor to environmental organizations and to state committees: In September it sent $5 million to its Florida affiliate and $925,000 to the League of Conservation Voters Victory Fund.
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