The ‘billionaire primary’: Who’s backing whom?

Mega-wealthy donors, many of them billionaires, are expected to play an unprecedented role in the 2016 presidential race. Here’s a list of who’s backing whom so far:

3. Henry Kravis: former Gov. Jeb Bush (R) of Florida

Elise Amendola/AP
Former Florida Gov. Jeb Bush (R) smiles while speaking to reporters after a "Politics and Eggs" event, a breakfast fixture for 2016 presidential prospects, April 17, 2015, at St. Anselm College in Manchester, N.H.

Some mega-donors get the money flowing into super-PACs by hosting a fundraiser. In February, private equity giant Henry Kravis held an event at his Manhattan home for Mr. Bush with an eye-popping request of $100,000 per person. The reported $4 million raised went to Bush’s Right to Rise PAC. As long as Bush is an undeclared candidate, he can help raise money for his super-PAC.

“The price of admission to the event ... surprised even Wall Street veterans used to high-dollar fundraisers,” Politico reported, calling Bush’s fundraising approach “shock and awe.” 

Mr. Kravis is co-founder of private equity firm KKR & Co. He is No. 291 on the Forbes list of the world’s billionaires, worth $5.1 billion.

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