Which super PACs did Douglas Leone fund in 2024?

Never Back Down ($2.0M), Right for America ($2.0M), America PAC ($1.0M).

Which candidates did Douglas Leone's money end up backing or attacking in 2024?

against Kamala Harris (President, about $1.7M, won); for Donald Trump (President, about $938K, won); for Ron Desantis (President, about $460K, unknown). Amounts are the donor's share of each group's spending.

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Donor

Douglas Leone

Individual

Partner, Sequoia Capital · California

3 gifts to 3 groups, as reported to the FEC by the groups that received them.

Winner

Douglas Leone gave $5.0M to super PACs and other outside groups in the 2024 federal elections, and 100% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 97% ended up on the winning side ($2.8M won, $74K lost).

Gave to outside spenders

$5.0M

100% of it helped Republicans

Ended up on the winning side

97%

$2.8M of the dollars in races already called

Spent on the losing side

$74K

Not spent yet

$2.2M

Sitting with groups that have not spent

Where the cheques went

A person writing cheques from their own fortune. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	Won / lost
Never Back Down $1.5M not spent yet	$2.0M	$70K / $6K
Right for America $29K not spent yet	$2.0M	$1.9M / $27K
America PAC $177K not spent yet	$1.0M	$740K / $40K

The trail

What the money bought

The candidates Douglas Leone's money was spent for or against, pro-rated by Douglas Leone's share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
Kamala Harris	President	Attacking	$1.7M	✓ Yes
Donald Trump	President	Supporting	$938K	✓ Yes
Ron Desantis	President (primary)	Supporting	$460K	Unknown
Nikki Haley	President (primary)	Attacking	$69K	✓ Yes
Joe Biden	President	Attacking	$42K	Unknown
Donald Trump	President (primary)	Attacking	$6K	✗ No
Ken Calvert	California 41st District	Supporting	$5K	✓ Yes
Thomas H. Kean Jr.	New Jersey 7th District	Supporting	$5K	✓ Yes
Mike Lawler	New York 17th District	Supporting	$4K	✓ Yes
Michelle Steel	California 45th District	Supporting	$4K	✗ No
Mondaire L. Jones	New York 17th District	Attacking	$4K	✓ Yes
Kevin Coughlin	Ohio 13th District	Supporting	$3K	✗ No

Individual as classified from the FEC entity type and public reporting.

Questions people ask

How much did Douglas Leone spend on the 2024 elections, and did it win?: Douglas Leone gave $5.0M to super PACs and other outside groups in the 2024 federal elections, and 100% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 97% ended up on the winning side ($2.8M won, $74K lost).
Which super PACs did Douglas Leone fund in 2024?: Never Back Down ($2.0M), Right for America ($2.0M), America PAC ($1.0M).
Which candidates did Douglas Leone's money end up backing or attacking in 2024?: against Kamala Harris (President, about $1.7M, won); for Donald Trump (President, about $938K, won); for Ron Desantis (President, about $460K, unknown). Amounts are the donor's share of each group's spending.