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Tue November 26, 2013
Rauner Gives Another $500,000 To Election Bid
A Republican candidate for Illinois governor has contributed another $500,000 to his campaign.
Winnetka venture capitalist Bruce Rauner has now pumped $1.25 million of his own money into the four-way GOP primary for the right to take on Democratic Gov. Pat Quinn in 2014.
Rauner filed petition signatures for a ballot position yesterday and also released three years of tax returns. They show he reported more than $53 million in income last year.
He also disclosed ownership stakes in three professional sports franchises, including the Chicago Bulls.
He reported making $28.1 million in 2011 and $27.1 million in 2010.
In a statement, Rauner says he's worked ``extremely hard'' and feels ``incredibly blessed to have earned financial success.''
Rauner says if elected he'll put his holdings in a blind trust.
Republican opponents of a wealthy Illinois candidate
for governor aren't concerned about being outspent in the primary race to take
on Democratic Gov. Pat Quinn next fall.
Winnetka venture capitalist Bruce Rauner has contributed more than
$1 million to his own campaign.
He says he needs money to get voters familiar with popular ideas _ familiarity
that ``career politicians'' opposing him already have.
State Sen. Kirk Dillard says he doesn't begrudge Rauner his wealth. Rauner
reported a 2012 income of $53 million. But Dillard says Rauner is a ``RIMO''
: a ``Republican in Money Only'' because of a long association with
Sen. Bill Brady says he'll raise enough money to have a ``credible campaign''
and Treasurer Dan Rutherford says he's a proven statewide candidate who can win.
A Republican candidate for Illinois governor has contributed more than $1 million to his own campaign. But numbers show deep pockets don't guarantee success.
Bruce Rauner is a Winnetka venture capitalist who reported income of $53 million last year. He has given his campaign more than $1.2 million.
Kent Redfield points out self-financed campaigns have failed in recent primary races for governor. Redfield is a professor emeritus at the University of Illinois at Springfield.
Then-Lt. Gov. Corinne Wood loaned her 2002 campaign much of the $8.1 million she raised. But she lost to Attorney General Jim Ryan.
Chicago businessman Ronald Gidwitz raised $12 million in 2006 _ half of it from himself or family. But he was beaten by Judy Baar Topinka _ then the well-known state treasurer.