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Leadership

Ted Cruz’s Biggest Donor Is From New York

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
Down Arrow Button Icon
January 15, 2016, 11:45 AM ET
GOP Presidential Candidates Debate In Las Vegas
LAS VEGAS, NV - DECEMBER 15: Republican presidential candidate U.S. Sen. Ted Cruz (R-TX) speaks during the CNN Republican presidential debate on December 15, 2015 in Las Vegas, Nevada. This is the last GOP debate of the year, with U.S. Sen. Ted Cruz (R-TX) gaining in the polls in Iowa and other early voting states and Donald Trump rising in national polls. (Photo by Justin Sullivan/Getty Images)Justin Sullivan Getty Images

Earlier this week, Republican presidential candidate Ted Cruz claimed that GOP frontrunner Donald Trump had “New York values” that weren’t consistent with the rest of America. The remark immediately was controversial, as Trump himself invoked the bravery of New Yorkers during and after the terrorist attacks on September 11, 2001. Others meanwhile suggested that Cruz’s comments had the unpleasant whiff of anti-Semitism (New York is home to the nation’s largest Jewish population and Jewish culture is often seen as synonymous with New York culture.)

But lost in the debate was the fact that Cruz’s single biggest donor is a hedge fund billionaire from…New York, the Intercept notes.

Robert Mercer, co-chief executive of Renaissance Technologies, has poured $11 million into Keep the Promise, a political action committee supporting Ted Cruz. The hedge fund has offices in Manhattan and East Setauket, a town on Long Island. (Mercer reportedly owns an estate in Head of the Harbor on Long Island.) It’s also worth noting that Cruz’s wife, Heidi, is on leave from her job as managing director at Goldman Sachs, an investment bank closely associated with New York money.

In last night’s debate, Cruz said that while there are many good people in New York, “everyone understands that the values in New York City are socially liberal or pro-abortion or pro- gay-marriage, focus on money and the media. “

About the Author
By Ben Geier
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