Billionaire real estate magnate Leonard Litwin has outspent all political donors.
The president and chief executive officer of Long Island-based Glenwood Management donated $1 million to Governor Andrew Cuomo’s re-election campaign. Litwin also donated almost a combined $500,000 to the state Democratic Party and Kathy Hochul’s campaign for lieutenant governor, according to data from the New York Public Interest Research Group cited by Crain’s.
The 100-year-old investor was also the biggest donor to Attorney General Eric Schneiderman’s and State Comptroller Thomas DiNapoli’s re-election campaigns. The magnate donated $240,000 to Schneiderman and $130,000 to DiNapoli, 50 percent and 30 percent more than the next largest donor, the news outlet reported.
Litwin is also a big donor to Jobs for New York, the Political Action Committee backed by the Real Estate Board of New York. [Crain’s] — Claire Moses