State's wealthiest person gives $20 million to anti-graduated tax committee [View all]
Illinois' wealthiest man and frequent Republican political donor Ken Griffin has pledged $20 million to a group dedicated to defeating a graduated tax constitutional amendment.
Griffin, who is the founder of the hedge fund Citadel, has previously donated tens of millions of dollars to the campaign of Republican former Gov. Bruce Rauner. He's also given millions to House and Senate Republican leadership in the state and donated to several individual lawmakers. Forbes estimates his net worth at $15 billion.
His recent $20 million donation went to the Coalition to Stop the Proposed Tax Hike Amendment ballot initiative committee. Prior to Griffin's donation, the committee had received $950,000 in donations.
Gov. JB Pritzker has already dropped more than $50 million of his own personal fortune, estimated at $3.4 billion, in support of his marquee legislative proposal. His donation went to the Vote Yes for Fairness ballot initiative committee.
Read more: https://www.illinoistimes.com/springfield/states-wealthiest-person-gives-20-million-to-anti-graduated-tax-committee/Content?oid=12568083