Billionaire Schwab to host Jeb Bush events

Jeb Bush

Photo by Lynn R. Mitchell

By Lynn R. Mitchell

Politico is reporting that billionaire Charles Schwab will be host at two Jeb Bush fundraisers in California, and his wife has donated $1.5 million to Bush’s “Right to Rise” PAC:

The 78-year-old Schwab, who boasts an estimated net worth of $6.4 billion, is one of a handful of mega donors who have been watching the still-crowded Republican primary field play out. Other notable heavy-hitting contributors include gambling magnate Sheldon Adelson and hedge fund manager Paul Singer, who are also said to be major targets for [presidential candidate Marco] Rubio.

While Schwab himself has largely remained on the sidelines so far, his wife Helen Schwab has contributed $1.5 million to Right to Rise USA, the super PAC backing Bush.

Both Helen and Charles Schwab are listed as one of five pairs of co-chairmen for the two events for the former Florida governor on Oct. 20 in California — a luncheon in San Francisco and an evening reception in Woodside.

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