Unable to persuade contributors to put their money where Lamont's mouth is, the Democratic anti-war nominee for U.S. Senate, had to give yet another $2 million to his campaign to unseat Senator Joe Lieberman. The great-grandson of the former chairman of JP Morgan & Co., has now given nearly $11 million to his failing campaign, $4.5 million this month.
It's not just Lamont's inherited wealth that is being used to fill in for the lack of contributors. According to the New York Times, Lamont counts on his wife's money as well. Financial disclosure forms show that Ms. Lamont has contributed far more than her husband has to the family’s $90 million to $332 million net worth:
The filings show that $54 million to $193 million of the family’s wealth stems from Ms. Lamont’s work at Oak Investment Partners in Westport, Conn., while $1 million to $5 million is traced to Mr. Lamont’s stake in his Greenwich-based cable television company, Lamont Digital Systems. Roughly half the family’s assets are in Ms. Lamont’s name, and about 5 percent in her husband’s name; the rest is held jointly by the couple or in trusts for their three children, ages 19, 15 and 13.
“He’s from a wealthy family,” said Catherine Chalmers, a classmate of Ms. Lamont’s at Stanford University, “but she’s been the breadwinner.”
Lieberman leads the darling of the left-wing netroots in fundraising as well as polling.
Ned Lamont's Senate campaign late Sunday night prepared to file a quarterly finance report showing that the Democratic nominee had raised $9 million as of Sept. 30, compared with $14.8 million for his main rival, Sen. Joseph I. Lieberman.
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As the campaign entered its final weeks, Lieberman is leading Lamont, 48 percent to 40 percent, with Schlesinger at 4 percent in the most recent poll of likely voters by the University of Connecticut and The Courant.