Money management magnate Foster Friess, likely Republican presidential candidate Rick Santorum’s most generous donor, tells ABC News
he stands ready to provide the surging former Pennsylvania senator with more financial support as needed.
As of Dec. 31, Friess gave $331,000 to the Red, White and Blue Fund, a super PAC that backs Santorum. Since then, he has donated more, but he declined last week to tell The New York Times how much more. “If my wife finds out how much I put into the campaign and Santorum doesn’t win, you’re basically talking suicide,” he quipped.
In his interview with ABC, Friess promised to help Santorum straight through the Republican National Convention in August. So how much money might he commit? He will “play as we go along,” Friess said. “There’s no sense in committing a lot of money if it’s not needed. If money is needed, I want to be helpful. That’s what I’ll say, but I won’t say to what extent.”
After Santorum’s shocking triple-play victory in Missouri, Minnesota, and Colorado last week, he doesn’t require much financial aid from Friess at this point anyway, the multimillionaire said.
“The wonderful news is they don’t really need me. They raised $3 million in three days [for the campaign.] There was an $800,000 day for the super PAC, so my resources, they are in the back corner waiting if they are needed, but it doesn’t look like they are.”
Another donor recently forked over $1 million for the super PAC, Friess said.
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