Billionaire Larry Ellison makes his biggest political donation ever
Oracle Board Chairman and Chief Technology Officer Larry Ellison delivers a keynote address during Oracle OpenWorld 2019 on September 16, 2019 in San Francisco, California.
Photo by Justin Sullivan/Getty Images
Larry Ellison, the billionaire co-founder and chairman of software giant Oracle, gave $15 million in January to a super-PAC that backs Republican South Carolina Sen. Tim Scott, according to a report filed with the Federal Election Commission on Saturday. .
The contribution appears to be the largest political donation Ellison has ever made to a federal campaign or committee, according to a review of FEC data. Ellison also donated $5 million to the same super-PAC, called the Opportunity Matters Fund, in June of last year, bringing his total spending for that committee to $20 million this election cycle.
Ellison has made significant contributions to other Republican senators in recent years, but nothing like his most recent contribution. Prior to the 2020 election, he gave $1 million to a super-PAC supporting Susan Collins (R-Maine) and $250,000 to a super-PAC supporting Lindsey Graham (RS.C.).
Sen. Tim Scott, who has been South Carolina’s junior senator since 2013, is up for re-election in 2022. The state’s primary is June 14. Still, Scott is unlikely to face significant competition from other challengers. It has been reported that Scott could be part of a group of Republicans running for president in 2024. Appearing on Fox News on Sunday, Scott was asked if he would consider running for president or joining a ticket Donald Trump 2024 and he said, “I think everyone wants to be on President Trump’s bandwagon, no doubt.
So far, the Opportunity Matters Fund has raised $21.5 million this election cycle. Other billionaires who have donated to the group include Apollo Private Equity CEO Marc Rowan, New Balance Chairman Jim Davis and former Tennessee Governor Bill Haslam.
Comments are closed.