Adelson’s Losing Bets on Congress — Allen West’s Loss Makes Six

Las Vegas Sands Corporation Chairman Sheldon Adelson in May 2012. Photograh by John Locher/Las Vegas Review-Journal/AP Photo

Sheldon Adelson and his wife Miriam bet $53.4 million on the 2012 elections.

They lost.

With Democrat Patrick Murphy’s victory over Republican Rep. Allen West in a House race in Florida only recently counted, the Adelsons didn’t pick a winner in any race in which they made a sizeable donation.

Their major contributions and the outcomes:

– $500,000 to the Treasure Coast Jobs Coalition, a super-PAC supporting West.

– $15 million to Winning Our Future, the super-political action committee backing former House Speaker Newt Gingrich of Georgia for president. Gingrich lost the race for the Republican nomination.

– $20 million to Restore Our Future, the super-PAC supporting Republican presidential nominee Mitt Romney. He lost to President Barack Obama, who won eight of the nine swing states in which they fought the hardest — including Florida, which took four days to count.

– $1.5 million to Independence Virginia, a super-PAC that backed former Senator George Allen of Virginia in his unsuccessful Senate contest with Democrat Tim Kaine.

– $500,000 to the Patriot Prosperity PAC, the super-PAC that supported Rabbi Shmuley Boteach, who received 25 percent of the vote against incumbent Democratic Rep. Bill Pascrell Jr. in New Jersey.

– $2.5 million to the Congressional Leadership Fund, the super-PAC associated with House Speaker John Boehner. House Republicans will return in January with a smaller majority.

Still, Adelson,  chief executive officer of the Las Vegas Sands Corp., hasn’t lost everything. He remains the 25th richest person in the world, according to the Bloomberg Billionaires Index.

He’s worth $20.5 billion.

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