Marco Rubio Gets a Big Boost From Two Loyal Billionaires

Larry Ellison and Norman Braman put their money where their mouths are.

<a href="http://www.shutterstock.com/cat.mhtml?lang=en&language=en&ref_site=photo&search_source=search_form&version=llv1&anyorall=all&safesearch=1&use_local_boost=1&autocomplete_id=&searchterm=money&show_color_wheel=1&orient=&commercial_ok=&media_type=images&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&color=&page=1&inline=146762978">Melpomene</a>/Shutterstock

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.


Two billionaires—one an eccentric ex-CEO with a striking resemblance to Tony Stark, the other a car dealer with a low public profile—have led the way in bankrolling the super-PAC backing Marco Rubio’s presidential bid. Conservative Solutions PAC brought in a total of nearly $16 million in the first half of the year, putting Rubio’s unlimited-donations group in third among super-PACs backing Republican presidential candidates, behind just Jeb Bush’s Right to Rise PAC, which raised a towering $103 million, and Wisconsin Gov. Scott Walker’s Unintimidated PAC, which brought in $20 million.

Larry Ellison, the Iron Man-esque founder of Oracle, gave $3 million to Conservative Solutions PAC in the first six months of 2015, according to the group’s first filing with the Federal Election Commission, released Friday. Ellison hosted a fundraiser for Rubio in June, sparking speculation about how dedicated he was to the Florida senator. A few million might not mean much to Ellison, the world’s fifth-richest man with a net worth of $54 billion, but the fact that he is indeed backing up his support with cash is significant to Rubio.

Rubio’s super-PAC also took in $5 million from Norman Braman, a billionaire car dealer in Miami and a close ally of Rubio’s for years. A relative unknown outside of Florida, Braman is a die-hard Rubio fan willing to give significantly more than the $5 million he has already put into the super-PAC.

Until he threw his hat into the ring in April, political observers in Washington and Florida were skeptical that Rubio would ultimately challenge his friend and mentor, Jeb Bush, for the Republican nomination. Many believed Rubio would ultimately bow out to Bush and hope for a vice-presidential bid or a chance to run for governor of Florida in 2018. Even after he entered the race, that belief persisted, with some speculation that that Rubio’s bid was unserious—an attempt to make a name for himself for a future run, or maybe a VP spot—and that Rubio knew he couldn’t beat Bush.

His significant haul in the race could change that perception. Sure, Rubio’s $16 million is puny compared to Bush’s $103 million—but so is everyone else’s fundraising. And yes, Bush has 23 donors who gave $1 million or more to his super-PAC—after he specifically urged donors to keep their contributions to six figures or fewer—while Rubio has four. But Rubio has two very rich men behind him. And they, at least, don’t appear to be messing around.

BEFORE YOU CLICK AWAY!

December is make or break for us. A full one-third of our annual fundraising comes in this month alone. A strong December means our newsroom is on the beat and reporting at full strength. A weak one means budget cuts and hard choices ahead.

The December 31 deadline is closing in fast. To reach our $400,000 goal, we need readers who’ve never given before to join the ranks of MoJo donors. And we need our steadfast supporters to give again today—any amount.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do.

That’s why we need you right now. Please chip in to help close the gap.

BEFORE YOU CLICK AWAY!

December is make or break for us. A full one-third of our annual fundraising comes in this month alone. A strong December means our newsroom is on the beat and reporting at full strength. A weak one means budget cuts and hard choices ahead.

The December 31 deadline is closing in fast. To reach our $400,000 goal, we need readers who’ve never given before to join the ranks of MoJo donors. And we need our steadfast supporters to give again today—any amount.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do.

That’s why we need you right now. Please chip in to help close the gap.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate