News Column

BRIEF: Hedge fund founder Griffin gives Rauner $2.5 million

June 13, 2014

By Rick Pearson, Chicago Tribune

June 13--Republican governor candidate Bruce Rauner has received the largest single cash donation of his campaign, today reporting the deposit of $2.5 million from billionaire hedge-fund founder Ken Griffin.

State campaign records show Griffin, the founder and CEO of Citadel, now has donated nearly $3.6 million to Rauner, a wealthy equity investor from Winnetka making his first bid for public office. Griffin's donations include more than $71,000 in use of his personal airplane for Rauner's campaign use.

Griffin is now the second largest contributor to the Republican campaign, behind Rauner himself, who has used nearly $6.6 million of his own money in challenging Democratic Gov. Pat Quinn.

With Griffin's donation, Rauner has raised $8.3 million since his March 18 primary win over three rivals.

In contrast, Quinn has raised more than $1.3 million since the primary but stockpiled millions more in cash since he didn't face a major challenge to win re-nomination.

Quinn's largest individual donor is longtime Democratic donor Fred Eychaner, president of Newsweb Corp. Eychaner has given Quinn just more than $1 million in donations of $250,000 or less.


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Source: Chicago Tribune (IL)

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