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Paul Singer (businessman) (Wiki)

Written by Subject: Economic Theory

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Paul Elliott Singer (born August 22, 1944) is an American hedge fund manager, activist investor, philanthropist, and the founder, president and Co-CEO of Elliott Management.[1][2][3][4][5][6] As of October 2021, his net worth is estimated at US$4.3 billion.[7]

Fortune magazine described Singer as one of the "smartest and toughest money managers" in the hedge fund industry.[8] A number of sources have branded him a "vulture capitalist"

Political activity[edit]

Singer is an active participant in Republican Party politics.[84] He is a "self-proclaimed conservative libertarian".[85] According to The New York Times, he supports "like-minded candidates who often share his distaste for what they view as governmental over-meddling in the financial industry."[86] Singer has contributed more than $1 million to the political efforts of the Koch brothers.[87][88] In 2014, Singer led a group of major Republican donors to form the American Opportunity Alliance, a group that brings together wealthy Republican donors who share Singer's support for LGBTQ rights, immigration reform and Israel.[89] During the 2016 Presidential election campaign Singer supported Marco Rubio and donated a million dollars in March to the Our Principles PAC, a PAC attempting to derail Donald Trump's election campaign.[90][91][92][93] He also started the American Unity PAC.[94] He supported Trump's inaugural committee with $1 million together with 25 other billionaires.[95]

Singer was a major contributor to George W. Bush's presidential campaigns.[14][96] On March 14, 2008, Singer hosted a Republican National Committee luncheon in his home for 70 guests that raised $1.4 million for Bush.[97][98][99] Bush appointed Singer to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008.[100]

In 2007 Singer was one of Rudolph Giuliani's most important fundraisers in Giuliani's bid for the Republican presidential nomination.[14][101] In 2007, Singer led a financial industry fund-raising effort for Giuliani, first as regional finance chair and later as senior policy adviser.[102][103] Singer lent Giuliani his private jet.[103][104] That same year, Singer at $175,000 was the sole contributor to a campaign to support a petition drive for a proposed California initiative to apportion the state's 55 electoral votes by congressional district. At least 19 of the state's 53 congressional districts were expected to vote for a GOP presidential candidate, enough to change the national results in a close election.[101][105]

Singer was one of the largest donors of the 2010 midterm election cycle, contributing more than $4 million to support Republican candidates.[98]

In 2011 Singer donated $1 million to Restore Our Future, a Super PAC created to support Mitt Romney in the 2012 U.S. Presidential election.[106] In 2013, Singer gave $100,000 to the Club for Growth, a 501(c)4 organization that supports Tea Party candidates.[107] He has also donated millions of dollars to organizations that advocate for a strong military and for supporting Israel.[108][109][110]

In 2012 Singer founded the nonprofit Start-up Nation Central, an NGO aimed at developing collaboration between Israel's tech sector and outside investors.[111][112] Singer has invested around $20 million into Start-Up Nation Central, which is based in Tel Aviv.[113]

Singer is a member of the Committee on Capital Markets Regulation, a non-governmental, nonpartisan research organization.[114] He is chairman of the board of trustees for the Manhattan Institute for Policy Research, a conservative think tank in New York City,[115] and on the board of directors of the Republican Jewish Coalition, a political lobbying group in the United States that promotes Jewish Republicans.[70] He also served on the board of directors for the Jewish Institute for National Security Affairs.[116]

In 2016 Singer invested $500,000 in a PAC supporting John Faso, a Congressional candidate in New York's 19th congressional district opposing progressive candidate and Wall Street critic Zephyr Teachout. Teachout responded to the donation by challenging Singer to come to the district and debate her.[117] The same year, Singer supported Senator Marco Rubio in the presidential primary.[118]

As of September 2019, Singer had not donated to Trump's reelection campaign.[119]

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3 Comments in Response to

Comment by akseeker
Entered on:

Singer was born in 1944, and grew up in Teaneck, New Jersey, in a Jewish family…

Comment by akseeker
Entered on:

Singer was born in 1944, and grew up in Teaneck, New Jersey, in a Jewish family…

Comment by Ernest Hancock
Entered on:

Dr. Phranq picked up on this name due to his being the only Republican on the Twitter board. After checking his bio (Wiki version) I knew we needed to log that name in our minds.


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