"...the hedge fund billionaire Robert Mercer [...] is the money behind Donald Trump. But then [...] Robert Mercer is the money behind an awful lot of things. He was Trump’s single biggest donor. Mercer started backing Ted Cruz, but when [Cruz] fell out of the presidential race he threw his money – $13.5m of it – behind the Trump campaign.
"It’s money he’s made as a result of his career as a brilliant but reclusive computer scientist. He started his career at IBM, where he made what the Association for Computational Linguistics called 'revolutionary' breakthroughs in language processing – a science that went on to be key in developing today’s AI – and later became joint CEO of Renaissance Technologies, a hedge fund that makes its money by using algorithms to model and trade on the financial markets.
"One of its funds, Medallion, which manages only its employees’ money, is the most successful in the world – generating $55bn so far. And since 2010, Mercer has donated $45m to different political campaigns – all Republican – and another $50m to non-profits – all rightwing, ultra-conservative. This is a billionaire who is, as billionaires are wont, trying to reshape the world according to his personal beliefs.
"Robert Mercer very rarely speaks in public and never to journalists, so to gauge his beliefs you have to look at where he channels his money: a series of yachts, all called Sea Owl; a $2.9m model train set; climate change denial (he funds a climate change denial thinktank, the Heartland Institute); and what is maybe the ultimate rich man’s plaything – the disruption of the mainstream media. In this he is helped by his close associate Steve Bannon, Trump’s campaign manager and now chief strategist. The money he gives to the Media Research Center, with its mission of correcting 'liberal bias' is just one of his media plays [...]."
To read the entirety of Cadwalladr's article, click HERE.
What follow are some relevant excerpts from Thom Hartmann's 3-12-17 Raw Story article entitled "Right-wing Billionaires Want to Rewrite Our Constitution--and They're Frighteningly Close to Pulling It Off":