Las Vegas billionaire backs Newt Gringrich

As Newt Gringrich and Mitt Romney continue their political battle, Gringrich has gained support from one of the top American billionaires. His name Sheldon Adelson and he lives in Las Vegas.

Adelson ranks as the eighth richest American and is worth $21.5 billion, landing him on the Forbe’s 400 list . Building casinos in Las Vegas and Asia has led to his financial success and he has donated $5 million in support of Gringrich’s ‘Winning Our Future’ campaign.

This campaign focuses on Romney at Bain Capital and shows him as someone that profited from the downfalls of businesses, which in turn, led to substantial job losses.

This hasn’t been the first time that Sheldon Adelson has backed Newt Gingrich. To get more in depth with this story, visit the Forbes website.