This Secretive Billionaire Has Pumped More Money Into Politics Than Almost Anyone Else This Year

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This Secretive Billionaire Has Pumped More Money Into Politics Than Almost Anyone Else This Year
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Yass has put his money behind a group that supports a specific philosophy

The Club for Growth, which has a special interest nonprofit of the same name, says it stands for “economic conservative principles” and policies like a flat tax, repealing the Affordable Care Act and shutting down the Department of Education.

As a super-PAC, Club For Growth can accept donations of unlimited amounts. In 2021, more than half of the group’s funding has come from Yass. Some other big donors are helping out the group as well, including Mountaire Poultry owner Ronald Cameron and Uline shipping founder Richard Uihlein, who is not on thebillionaires list but has with his wife Elizabeth handed over more than $10 million this year.

Although the Club for Growth is defined by its philosophy, it does wade into individual races. Of the $7.5 million that its super-PAC has spent this year, about $4 million has gone toward ads that support North Carolina’s Ted Budd, a Trump-endorsed Republican who is hoping to replace retiring Sen. Richard Burr in the Senate after he retires in 2022.

Club For Growth Action also spent $1.2 million supporting Susan Wright of Texas, a Republican who ran an unsuccessful campaign to fill the seat of her husband Ronald Wright, who died of Covid-19 complications in February. Another $450,000 went toward ads opposing Vance in the Republican primary for Ohio’s Senate seat, indirectly pitting Thiel against the lesser-known Yass.

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