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Gov. Andrew M. Cuomo is relying on fat wallets to fund his re-election campaign: nearly half of the money he’s raised has come from donors who gave $40,000 or more, according to an analysis released Wednesday.
In contrast, Republican Rob Astorino, who trails badly in the money chase, is leaning on lots of small donations.
Cuomo, a Democrat, has raised $21 million from 317 donors who gave at least $40,000, according to the New York Public Interest Research Group. That’s almost half of the $43 million Cuomo has raised in this election cycle.
Another 765 donors gave between $10,000 and $40,000, generating another $13.7 million, NYPIRG found.
NYPIRG's Bill Mahoney, analyzed the campaign contribution data, said seven of the 11 wealthiest New Yorkers or their companies, gave money to Cuomo.
Cuomo’s biggest donor is Leonard Litwin, a New Hyde Park-based luxury developer. Through his company, Glenwood Management, and an array of limited liability corporations, Litwin has contributed $1 million to the governor, NYPIRG found.
All told, Cuomo has $35 million in the bank as of July 15, after raising $8.5 million and spending $6.8 million over the last six months, according to records
Astorino, the Westchester County executive, has $2.4 million on hand, after raising $3.4 million and spending $1 million.
Just nine donors contributed more than $40,000 apiece to Astorino, NYPIRG found.