A conservative legal activist and American attorney, Leonard A. Leo. He served as the Federalist Society’s vice president for many years and is currently co-chairman of the board of directors along with Steven G. Calabresi. Leo ran efforts to support the Supreme Court nominations of John Roberts, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett.
He also aided Clarence Thomas during his confirmation hearings for the Court. He is the CEO of the Marble Freedom Trust, which was established in 2020 and was endowed with $1.6 billion by Illinois businessman Barre Seid in 2021. It backs conservative political ideologies. Because The Trust is a 501(c)4 organization, it is considered to support “social welfare” by the Internal Revenue Service.
It is permitted to devote up to 50% of its budget to political advocacy, but the IRS will tax that amount. It is not required to pay taxes on any other purchases.
Leonard Leo Early Life
Leo was raised in suburban New Jersey by a practicing Catholic family after being born on Long Island, New York, in 1965. His grandpa, an Italian immigrant, worked as Brooks Brothers’ vice president. While working as an intern in Senator Orrin Hatch’s office, he attended Cornell University and earned a bachelor’s degree there in 1986.
In 1989, Leo graduated from Cornell Law School with a J.D. He subsequently worked as a law clerk for federal judge A. Raymond Randolph of the United States Court of Appeals for the District of Columbia Circuit.
Leonard Leo’s Personal Life
Leo practices Catholicism. With his wife Sally, he has seven kids. Their daughter Margaret passed away from spina bifida in 2007 at the age of 14. Leo has talked about how her life had a significant influence on him. The Sovereign Military Order of Malta is a Catholic secular religious organization, and Leo is a knight in it. Leo maintains a summer residence in Northeast Harbor, Maine, where he has drawn occasional criticism for his support of pro-life Supreme Court judges.
Leonard Leo Net Worth And How Much Money Does Leo Have?
Leonard Leo only has a $5 million clear net worth, although he has earned much more than that throughout the years. Leo and his pals have earned more than $450 million since 2005, and that’s without factoring in their Marble Freedom Trust.
The Federalist Society has reportedly been paying Leo more than $400,000 year for several years, according to The Washington Post 2019. Leo allegedly assisted conservative groups in obtaining $250 million from numerous unnamed contributors the same year. He has donated this much over the last few years to support conservative judges and their causes.
Conservatives have benefited from the extraordinary $1.6 billion donation since it has raised awareness of the most recent events. a new organization founded by a powerful businessman named Leonard A. Leo received funding from a low-key Republican investor.
Leonard Leo—“the No. 3 most powerful person in the world," according to Clarence Thomas—now controls an astonishing $1.6 BILLION that he can use to reshape our political system.
With this fortune, Leo can maintain and even grow his singular influence in near perpetuity. https://t.co/7NDLWPShxg
— Brendan Fischer (@brendan_fischer) August 22, 2022
A new conservative nonprofit group received $1.6 billion from a contributor who was hardly known last year. This unexpected gift may benefit Republicans and their interests well after the midterm elections.
Barre Seid, who acquired a fortune in the electronics sector, was the source of the funds. One of the largest single contributions to a political nonprofit in American history was made with this one.
— David Plotz (@davidplotz) August 26, 2022
Additional Evidence Of Leo’s Wealth
Leonard Leo and his wife Sally were recognized as Stewards of Saint Peter in 2017 by the Papal Foundation, which required them to make a minimum $1 million donation to Vatican projects. The Leos recently moved into a home they purchased in 2010 for $710,000.
They purportedly paid off a 30-year mortgage in August 2018 then purchased a $3.3 million summer property in Maine in the following October. All of this suggests that Leonard Leo’s estimated net worth of between $1 million and $5 million may be accurate. It might easily be closer to $5 million than $1 million, though, given the reported income of $400,000, top-ups of $120,000, gift commitments of more than $1 million, and a (second) property worth more than $3 million.
What Did He Do Before He Started Raising Money?
Lawyer and legal activist Leonard A. Leo. He was raised a Catholic and is a native of Long Island, New York. Vice President of the clothing retailer Brooks Brothers was his grandfather. He was a 1965 baby. After enrolling at Cornell University, Leo earned his bachelor’s degree there in 1986.
He finished his Juris Doctor degree at Cornell Law School three years later. Leo joined the Federalist Society for the first time as a student at Cornell, though. In 1989, he started a student branch. Two years after earning his second degree, in 1991, he started working for the Society. He spent more than twenty years working with the Federalist Society in a variety of roles.
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