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Thursday, November 1, 2012
The men behind the money
WASHINGTON — WASHINGTON Shrek would be green with envy. Movie producer Jeffrey Katzenberg is animating the presidential race this election season, raising more money than any other Democratic donor.The DreamWorks Animation CEO joins two other media moguls, a personal-injury lawyer and a philanthropist in giving millions of dollars to help President Barack Obama win a second term. They are helping fund a presidential election on track to cost nearly $2 billion, with money going toward the individual Republican and Democratic campaigns as well as independent, "super" political committees working on the campaigns' behalf.Based on an examination of more than 2.3 million campaign contributions, The Associated Press has ranked the top five financial supporters of Obama's:No. 1Jeffrey Katzenberg, 61, Hollywood film producer and chief executive of DreamWorks Animation.Total: $2.566 millionKatzenberg is President Barack Obama's top donor when tallying his contributions to a "super" political committee, money to Obama's campaign and the money he arranged for others to write for the president. The biggest contributions include $2 million to the Priorities USA Action super PAC. It was founded by former White House advisers and is the key pro-Obama PAC this election cycle. Katzenberg has helped "bundle" more than $500,000 for the president's second term. He has been invited to White House events, including a state dinner. Such high-profile soirées put him in proximity earlier this year to Chinese Vice President Xi Jinping, who signed off on an overseas deal benefiting Katzenberg's studio.No. 2Irwin Jacobs, 78, the founder and former chairman of Qualcomm.Total: $2.122 millionJacobs has given more than $2 million to pro-Obama super PACs and about $23,000 directly to Obama's campaign and the Democrats. But he's no newcomer to political giving: The La Jolla, Calif., billionaire has routinely backed San Diego-area politicians, including those in City Hall. Some of his local proposals have caused dust-ups in town, including one backed by San Diego's mayor that would have changed the name of Qualcomm Stadium for 10 days to reflect the cellphone-maker's new computer chip. No. 3 (tie)Fred Eychaner, founder of Chicago-based alternative-newspaper publisher Newsweb Corp.Total: $2.066 millionEychaner has given $1.5 million to the Priorities USA Action super PAC. He's also given more than $60,000 to the president's re-election committees, and he's listed as a major "bundler" for Obama, having raised at least $500,000 for the president. Eychaner, a gay-rights activist, also has donated millions to other nonprofit groups, including more than $1 million to the progressive EMILY's List organization. During the 2008 election cycle, Newsweb spent more than $1.7 million on Illinois elections and about $200,000 on the federal level, according to the Center for Responsive Politics.No. 3 (tie)Jon Stryker, 54, a Michigan philanthropist.Total: $2.066 millionStryker has given $2 million to the Priorities USA Action super PAC and has given $66,000 in contributions to Obama and the Democratic Party. Stryker is the heir to namesake Stryker Corp., the major medical-device and equipment manufacturer. Stryker has been active in politics before the 2012 election; he contributed millions to help candidates statewide. No. 5Steve Mostyn, 41, a Houston-based personal injury attorney.Total: $2.003 millionMostyn has given more than $2 million to the Priorities USA Action super PAC that's helping Obama. Mostyn, the former head of the Texas Trial Lawyers Association, is a major backer of Democratic candidates in the state. He's also sank cash into a Texas political committee that tried unsuccessfully to unseat Gov. Rick Perry two years ago. Most famously, in 2009, Mostyn demanded tens of millions of dollars for property owners affected by Hurricane Ike in claims against the Texas Windstorm Insurance Association.Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. For more information about reprints & permissions, visit our FAQ's. To report corrections and clarifications, contact Standards Editor Brent Jones. For publication consideration in the newspaper, send comments to letters@usatoday.com. Include name, phone number, city and state for verification. To view our corrections, go to corrections.usatoday.com.