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
Those of you wondering what Cuomo will do when the rent laws come up for renewal in NYC need only look at how much cash he and his fellow Democrats have taken from the real estate interests to get an inkling of where he'll go with his policy.