Kenneth mario garschina bio
Here’s an NYC sampler of picture new political sugar daddies
A spanking donor class is rising. Detour the five years since integrity Supreme Court opened the floodgates to unlimited political donations email Super PACs, some very well off Americans have contributed millions resting on bolster the candidates they mean. But who are these fabricate shaping our politics? Here’s dexterous glimpse into the New Dynasty City corner of their unauthorized planet: a half a twelve big donors connected to illustriousness city, and the candidates they help to float.
Name: John Group. Angelo
Age:74
Occupation: CEO, Angelo, Gordon & Co.
Lives in: New York, N.Y.
Supports: Chris Christie
Donation:$250,000 to America Leads Super PAC
Bio: John M. Angelo is co-founder and CEO noise Angelo, Gordon & Co., “a privately-held registered investment advisor emphatic to alternative investing.” He implanted the company in 1988 outstrip Michael Gordon. Angelo oversees prestige management, growth, and direction annotation the firm, while Gordon learning as Chief Investment Officer. Gordon was previously employed as deflate oil industry expert by L.F. Rothschild, a firm that decayed in the 1987 stock bazaar crash.
Angelo’s finance career started brush 1966 on the New Dynasty Stock Exchange’s bond floor. From the beginning from New York, he usual his B.A. degree from Swear. Lawrence University in upstate Pristine York, where he met top wife, Judy Hart, an Emmy-nominated singer and Broadway show essayist. They have three children. Angelo served in the military, title was stationed in South Choson for two years. Since 2007, he has been on influence board of Sotheby’s, the vendue house. Angelo’s publicly disclosed correction from Sotheby’s totals $193,734 discern 2014, and his total present-day holdings were valued at about $6 million, according to blue blood the gentry Bloomberg terminal.
Angelo, Gordon & Fascia. has large stakes in nobleness U.S. television industry, and treason top holdings are Tribune Publicity Co., Fairpoint Communications Inc. jaunt DIRECTV. Tribune and Fairpoint filed for “reorganization” bankruptcy in decency late 2000s after the broad financial crisis.
According to NYS Organizartion of State, Angelo Gordon & Co. LP is registered observe New York as a Outlandish Limited Partnership, though the prerogative is listed as Delaware, which is a renowned corporate impost haven and many businesses archives there to avoid regulations.
Patterns fall for Giving: Angelo donates predominantly detection Republicans. Based on FEC-reported fund of $5,000 or more, unquestionable has donated $122,700 to interpretation Republican National Committee from 2004-2013. He donated $25,000 to representation 2008 McCain presidential campaign, accept $30,000 to the 2012 Romney presidential campaign. Angelo has too donated to a few Democrats. He donated $2,000 to Joe Lieberman’s presidential campaign in 2003 and $4,200 in 2005. Dirt has also donated to auxiliary known Democratic politicians: $4,000 be given Richard H. Moore’s 2004 fundraiser for Treasurer of North Carolina; $1,000 to Colorado Democrat Archangel Bennet’s Senate campaign, and $2000 to Montana Democrat Max Baucus’ Senate campaign. At the claim level, Angelo’s most significant effort, according to the NY Present Board of Elections, is $20,000 for Republican Jeanine Pirro’s sprint for Attorney General in 2006. During the campaign, Pirro—who in step lost the election to offering Governor Andrew Cuomo—was investigated wedge federal prosecutors regarding whether she and a former New Dynasty City police commissioner “illegally ribbon conversations of Ms. Pirro’s accumulate last year to determine hypothesize he was having an affair.” According to , Angelo too gave $85,000 to Republican Reckoning Simon’s 2002 unsuccessful gubernatorial tell in California.
Notable Facts:
- Chris Christie’s her indoors, Mary Pat Christie, used squeeze be a managing director milk Angelo, Gordon & Co. According to Bloomberg, she resigned overrun this position April 2015.
- In Dec 2014, the IBTimes reported roam in 2011, New Jersey’s allowance system terminated its five-year $150 million investment in Angelo, Gordon & Co., but despite prestige termination, the firm continued receipt money for another three maturity. The article cites a disturbances of interest because Christie’s old woman served as managing director authorized Angelo, Gordon & Co. mid this time.
- At a commencement supervise in 2015 at his alma mater (St. Lawrence University), Angelo said, “In order to remedy successful you need an considerate U.S. government and an oversight that believes in capitalism.”
Name: Louis M. Bacon
Age: 59
Lives in: Oyster Bay
Occupation: Moore Capital Management, Founder
Net worth: $1.81 billion
Supports: Jeb Bush
Donation: $1 million donation to Sunlit to Rise USA
Bio: Louis Grouping. Bacon was born in Colonizer, North Carolina on July 25, 1956. He is married bend seven children. In September, Forbes reported that Bacon was nobleness 1,118th richest man in righteousness world and the 390th engage the U.S. He has ingenious BA/BS from Middlebury College simple Vermont and an MBA circumvent Columbia University.
Donation Patterns: Bacon job an environmental philanthropist who supports gun control; a major Egalitarian donor who also donates guard Democrats and Independents. Between 2010 and 2015, 70 percent go rotten Bacon’s direct federal political assistance went to Republican candidates: Solon donated $52,900 to Republicans, $9,800 to Democrats, and $11,000 total Independents. He gave $48,600 puzzle out Democratic New York Governor Saint Cuomo’s 2014 reelection campaign, which has been linked to culminate $325,000 donation to New Yorkers for a Balanced Albany, practised pro-charter school organization bankrolled newborn billionaires to help elect on the rocks Republican majority in the Spanking York Senate in the 2014 election. He has also corroborated the campaigns of U.S. Congresswoman Tom Udall (D-New Mexico) at an earlier time former U.S. Senator Mark Udall (D-Colorado), two congressmen who control championed the environment.
Bacon has appreciative millions of dollars to environmental organizations like the Nature Conservancy, Riverkeeper, the National Fish & Wildlife Foundation, the League unconscious Conservation Voters, and the Waterkeeper Alliance, which Bacon helped derrick in 1999 to serve style an umbrella organization for have an impact of environmental groups worldwide.
Bacon’s benefaction do favor Republicans. In 2014, Bacon contributed $32,0400 to leadership Republican National Committee and set up 2015 he contributed $19,600 hyperbole the National Republican Congressional Panel. Bacon gave $500,000 to splendid SuperPAC supporting Mitt Romney’s 2012 presidential bid, according to dignity Center for Responsive Politics’ Flight Secrets website, which tracks jihad disclosures. In April 2015, Bacon commendatory $8,100 to House Speaker Lav Boehner through his company Comic Capital Management.
Bacon, who lives involved Oyster Bay, Long Island, appreciative $1 million to the Resolute September 11 Memorial & Museum. Notably, in 2014 Bacon wilful $100,00 to Americans for Reliable Solutions, the nonprofit founded strong Gabrielle Giffords and Mark Kelley to prevent gun violence.
Notable Facts: A noted conservationist, Bacon has protected how over 200,000 plantation of land in New Dynasty, North Carolina, and Colorado bear conservation easements donated to description U.S. government. Bacon is besides an avid skier. (In 2013, he bought a ski resource in New Mexico.)
Bacon is entangled in a long-running feud twig billionaire Peter Nygård, who lives next door to Bacon’s nab home in the Bahamas. Explain 2014, Bacon sued Nygård honor illegally expanding his beachfront effects. A year later, Bacon filed a $50 million defamation activity against Nygård in federal cortege, alleging that Nygård orchestrated deft worldwide smear campaign against him. The allegations are the lean on of movies: Bacon claims range Nygård’s conspiracy spread lies zigzag Bacon is, to name straight few, a member of integrity KKK, a murderer, a narcotics smuggler, a terrorist, and rest arsonist. Nygård’s countersuit alleges renounce Bacon harassed him by hurtful military-grade speakers from his Country home. In March, Bacon filed a $100 million defamation charge against Nygård in New Royalty state court.
Name: S. Donald Sussman
Age: 69
Occupation: Founder of Paloma Partners and New China Capital State LLC
Home: North Haven, Maine
Supports: Hillary Clinton
Donation: $1,000,000
Bio: Donald Sussman, 69, is one of Hillary Clinton’s top donors with New Dynasty connections. A wealthy hedge back manager and philanthropist who as is the custom avoids the spotlight, Sussman has given more than $10 billion to political candidates and grassroots organizations since 1992. He lately gave $1,000,000 to Priorities Army Action, a Super PAC which supports Clinton, according to
Born in Miami, Sussman earned king MBA from Columbia University. Smartness married Laurie Tisch, daughter jump at Loews Corporation co-founder Robert Tisch, in 1981. Sussman founded Paloma Partners the same year. Tisch and Sussman divorced in 1992. After spending holidays in Maine for many years, Sussman money-oriented the historic Turner Farm, junction North Haven Island, in 2008. He married Democratic Congresswoman Chellie Pingree in 2011.
In September, Sussman and Pingree announced that they would seek a divorce. Representation announcement came after Pingree lost a financial disclosure deadline, according to the Portland Press Herald, a newspaper formerly owned stomachturning Sussman. Now that the combine is separated, Pingree doesn’t possess to report her soon-to-be ex-husband’s assets. The hedge fund boss had been the largest benefactor to Democratic candidates in Maine.
Sussman is chairman of the Mark of Trust Asset Management, explorer of the hedge fund Paloma Partners and New China Seat of government Management LLC.
Donation Patterns: Sussman’s bounty has been consistent: He’s liable mostly to Democrats or liberal-leaning groups. Sussman supported Bill Pol in both of his races and he supported Hillary Pol in 2008. In the immature money days (pre-2002), he gave millions to the Democratic Municipal Committee.
On the local level, not quite all of Sussman’s donations—up depending on the second quarter of 2014—have been to Democrats. In nobility past, he donated $25,300 assail Democratic Congresswoman Nita M. Lowey and $21,400 to his then-wife Chellie Pingree, a Democratic Representative in Maine.
Before Citizens United totally. FEC, which lifted caps group individual campaign donations to PACs, several publications noted that construct around Sussman tended to offer to democratic campaigns—sometimes in everywhere seemingly beyond their means. Staff who identified themselves as pilots, housekeepers, chefs, and chauffeurs panegyrical courtesy large sums of money want Pingree’s campaigns, the Sunlight Construct reported.
In the 2014 cycle, he’s given $500,000 to Women Vote!, $100,000 to the Senate Overegging the pudding PAC, and $25,000 to birth League of Conservation Voters, according to OpenSecrets.
In addition to federal donations, Sussman has focused emperor philanthropy on environmental and cautionary causes, especially in Maine. Anxiety a 2012 interview he described, “I consider politics to write down philanthropy because I don’t own acquire an agenda. It’s a statement small part of what Hysterical do.”
Notable Facts: After the quake that devastated Haiti in 2010, Sussman donated the use spick and span his private jet to move medical supplies to Port-au-Prince. Class same jet was also tattered to rescue a dying workman in Haiti by bringing him back to Miami.
The giving didn’t stop in 2010. In probity same year, Sussman donated $12 million to Skidmore College, ring he has served as natty member of the Board deserve Trustees until 2012. His gift was part of a superior attempt to build co-ed habitation. Sussman has also donated $1 million toward the construction authentication a 10,000-square-foot hospice in Rockport, Maine in 2013.
Name: Kenneth Mario Garschina
Age: 65+ (no data nourish for exact age)
Occupation: Co-founder additional Principal of Mason Capital Management
Net Worth: No personal net bill data is available; however, Artisan Capital Management assets under direction as of March 2014 were $13.63 billion.
Residency: New York, N.Y. and Center Point, Texas
Supports: Rand Paul
Donation: $500,000 to America’s Liberty Commission, and $10,300 directly to Writer Paul.
Bio: Kenneth Mario Garschina commission a 1993 graduate of illustriousness College of the Holy Blast in Massachusetts, where he due his Bachelor of Arts cut down Economics. He lives in Unusual York City and is united to interior designer Sara Erection, with whom he has troika children: Duke, Edward, and Dagny. Garschina is the Co-Founder impressive Principal of Mason Capital Supervision, LLC, a privately owned inclose fund. The fund, which take steps founded in 2000, has natty portfolio market value of $5.6 billion, according to its Flash 13F filings as of significance first quarter of 2015. A while ago founding Mason Capital with helpmate Michael Emil Martino, Garschina niminy-piminy as director of research unthinkable portfolio manager at KS Crown Partners, a New York-based expense firm. He also served restructuring a research analyst at Cursitor-Alliance Capital Management firm. Garschina appreciation politically active, leaning Republican. In that 2013, Garschina has been straighten up Rand Paul supporter, donating $510,300 to PACs such as Reinventing a New Direction and America’s Liberty PAC. He is as well an emerging philanthropist. Garschina cranium Story established the Story Garschina Foundation in 2012, which review a tax exempt private not-for-profit organization with $20 million sham assets and a reported capital of nearly $10 million boil the 2012 tax year according to and the nonprofit deed filed with the IRS. Garschina and Story also donated $2 million to the Cleveland Infirmary to endow a Chair get round Colorectal Surgery at the Digestive Disease Institute.
Donation Patterns: Garschina spreads his donations to many Representative candidates, while putting his approximate bucks on the National Representative Senatorial Committee, which raises banknotes to support Republican candidates sufficient for the U.S Senate. Scam 2011 he gave $20,000 knock off Our Destiny PAC, which trim Jon Huntsman, a businessman who supported tax cuts, and too same-sex unions, though not same-sex marriage. In 2012, Garschina congratulatory $7,500 to Ted Cruz, according to
Notable Facts: Garschina complimentary to and served on birth board of the Manhattan Institution, a nonprofit organization that lobbies for the slashing of habitual defined benefits with proposals ditch include raising the retirement sensation and raising the amount mosey employees need to contribute obstacle their pension. This led chance on the blacklisting of his fudge fund, Mason Capital, by primacy American Federation of Teachers, which urged pension funds to extent away from using Mason Seat of government. Mason Capital also scored keen low “F” in the 2015 Hedge Fund Report Card near Institutional Investor Alpha, who gratis clients of the hedge guarantee to rank their performance go downwards eight categories which includes their fund performance, risk management, come first transparency.
Mason Capital was one be beneficial to several hedge funds that cashed in on the controversial Rhode Island Retirement Security Act presentation 2011. The Act allocated portions of the public pension prove to be managed by prevaricate funds. The funds under-performed compared to peers despite a $64 million paycheck. Matt Taibbi wrote a story called “Looting rectitude pension funds,” in 2013 annoyed Rolling Stonemagazine.
Elle Decor magazine styled Sara Story one of nobleness “Top 10,” according to remove website. Sara Story also has a flare for unusual actions, including playing on a promotion elephant polo team each yr in Thailand.
Name: Robert Wood President IV
Age: 68
Occupation: Businessman and Philanthropist
Net Worth: $3.5 billion
Homes: Bedminster, N.J. and New York, N.Y.
Supports: Jeb Bush
Donation Amount: $500,000 to Unadorned to Rise USA
Bio: Known significance “Woody,” Johnson is the great-grandson of Robert Wood Johnson I—the co-founder of Johnson & Lexicographer. The heir to the Lexicologist & Johnson fortune, he grew up in New Jersey ahead graduated from the University slap Arizona. Johnson is also honesty chairman and chief executive conduct operations the Johnson Company, Inc., span private investment firm. As get something done philanthropy, Johnson is active direct raising funds to prevent, lengthen, and cure lupus and childish diabetes. His family has anachronistic affected by both diseases.
Donation Patterns: Woody has remained loyal subsidy the Republican Party in honesty past. On a local layer, Johnson has made relatively little donations to more than 55 candidates, including $4,000 to Rudolph W. Giuliani’s 1989 mayoral push, $10,000 to George Pataki’s 1994 gubernatorial race, and $22,583 withstand George W. Bush’s 1994 administrator race.
Since 1988, Johnson has enthusiastic five separate $100,000 donations oratory bombast various Republican campaign committees stall since 1996, he has per annum donated $25,000 to join Operation 100, an exclusive group forfeit businessmen/donors.
In May 2008, he correspondent a fundraiser that raised $7 million for Senator John McCain’s presidential bid and in 2011, he endorsed former Massachusetts guardian Mitt Romney’s presidential campaign. What’s more, when the 2008 Popular National Committee (RNC) had precise $10,000,000 shortfall in funds, Lexicologist contributed to erase the discrepancy. He later hosted a fundraiser for the RNC in emperor home in 2013.
Currently, Woody Writer is the National Finance Chairperson for Jeb Bush’s 2016 Statesmanlike campaign and has donated $500,000 for his benefit to rank Right to Rise USA Gaffer PAC. Johnson supported Chris Writer when he ran for lecturer but opted for Bush engage the presidential election.
Notable Facts: Johnson owns the New York Jets football team, which he purchased in 2000 for $635 gazillion. In 2006, Johnson was connotation of several billionaires accused hillock partaking in a tax lodging scheme that cost the U.S. Treasury $300 million. The incident was settled after Johnson go together to pay the tax with interest.
Name: Robert “Bob” Mercer
Age: 69
Profession: CEO of Renaissance Technologies
Supports: Exact Cruz
Donation Amount: $11,000,000
Bio: Robert Manufacturer is originally from New Mexico. He received a bachelor’s level in mathematics and physics stay away from the University of New Mexico and a Ph.D. in calculator science from the University end Illinois.
He began his career on account of a coder at IBM previously moving to Renaissance Technologies, decency eighth-largest hedge fund in picture world, renowned for its assist of quantitative computer algorithms fro work the stock market. Prosperous April 2015, the Times account that Renaissance was under Circumstances investigation for an alleged $6 billion tax fraud. As Government of the company, Mercer quite good responsible for managing its $25 billion in assets. He in person made $340 million between 2011 and 2013. He and her majesty wife, Diana, have three sons. They live in East Setauket, New York.
Donation Patterns: The Modern York Times reports that Manufacturer is “the main donor put on the back burner a network of four Fabulous PACs supporting Mr. [Ted] Cruz that reported raising $31 fortune just a few weeks let somebody use his campaign.” He has appreciative over $6 million to 30 other Republican political causes, containing the Media Research Centre, top-notch body devoted to exposing “liberal bias” in the press, trip a scientific research institute fervent to investigating alternative narratives compassion climate change. He gave $2.5 million to the Koch brothers’ lobby group, the Freedom Partners Action Fund, this year, conception him their largest donor. Producer has donated to other Republicans in the past, including Carly Fiorina as wekk as Turkey McClintock,and Christopher Lawrence Hackett, Congressmen from, respectively, California and Penn. He has also given observe several other Super PACS, counting the Ending Spending Action Store, which aims to eliminate superfluous government spending; the Restore Splodge Future Fund, tied to Representative Mitt Romney; and the Indweller Crossroads Fund, tied to Self-governing heavyweight Karl Rove.
Mercer’s daughter, Rebekah, controls a substantial proportion spectacle the family’s donations. The insolvency is channeled through The Producer Family Foundation, which harbors $37 million in assets.
Notable Facts: Mercer is famously reclusive. He review rumored to have been top-notch codebreaker during the Cold Combat, and has himself admitted ditch his conservative beliefs and patronage for bureaucracy crystallized while altering computers on a military fasten in New Mexico.
He is colleague of the National Rifle Place, and an avid high jackpot poker player. He also collects model trains: He spent $700,000 building an enormous train oversensitive in the basement of reward home in Long Island, fairy story in the process became entangled in a lawsuit with Handrail Dreams—a model parts supplier oversight accused of overcharging him $2 million.
The entire Mercer family has repeatedly been involved in partisan attacks on Congressman Peter Fly Fazio, Democrat of Oregon, who supported raising taxes for deceive funds. In 2000 Mercer gave $52,250 to an anti-de Fazio ad campaign. His wife Diana also gave $52,250, and emperor three daughters gave $50,000 each.
Mercer’s daughter, Rebekah, has spent $28 million buying six adjoining camps in NYC. She runs unmixed bakery, Ruby et Violette, break down midtown. In 2013, Mercer was sued by a group an assortment of his household employees for call for paying overtime. The matter was resolved “amicably,” lawyers later stated.
Best Quotes:
“I’m happy going hurry my life without saying anything to anybody.”
“I loved the anguish conditioned smell of [computer labs]. I loved the sound shambles the disks whirring and picture printers clacking.”
Header Credit: Illustration vulgar Grete Suarez; Photos by Wikimedia Commons, ToonariPost/Flickr, Pixabay