Leonard Leo Pledges $1 Billion To Combat ‘Liberal Dominance’ In Corporate America, Media

Leonard Leo, a billionaire activist often credited as the architect of the conservative supermajority on the U.S. Supreme Court, has announced a $1 billion investment aimed at countering what he calls “liberal dominance” in corporate America, the media and entertainment sectors.

In a rare interview with the Financial Times, Leo detailed his plans through his nonprofit group, the Marble Freedom Trust, which will focus its resources on the private sector. “We need to crush liberal dominance where it's most insidious,” Leo said, explaining that the initiative will build talent and capital pipelines in industries where he believes left-wing extremism is most pervasive.

Leo also emphasized targeting companies and financial institutions that he claims are influenced by “woke” ideology. “Expect us to increase support for organizations that call out companies and financial institutions that bend to the woke mind virus spread by regulators and NGOs,” he said, vowing that these entities would face consequences for prioritizing “extreme left-wing ideology” over consumers:

Leo has spent more than two decades at the influential Federalist Society, guiding conservative judges into the federal courts and the Supreme Court itself. In 2018, conservative justice Clarence Thomas joked that Leo was the third most important person in the world.

Leo's efforts culminated under Trump's presidency, when three Federalist Society-backed judges were appointed to give conservatives on the Supreme Court a 6-3 supermajority, and profound influence over US law. The court has since then ruled to overturn the right to an abortion, among other long-sought rightwing causes.

In 2020, after Trump lost the election, Leo stepped back from running the daily operations of the Federalist Society, while remaining its co-chair.

The following year, Leo founded Marble, with a $1.6bn donation from electronic device manufacturing mogul Barre Seid, to be a counterweight to what he said was “dark money” of the left. He spent about $600mn in its first three years, according to public financial disclosures.

During the interview, Leo identified several potential targets for his campaign, including banks, China-friendly corporations and companies that have institutionalized diversity, equity and inclusion (DEI) frameworks, as well as those adhering to environmental, social and governance (ESG) investing principles.

He added that his goal is to find “very leveraged, impactful ways of reintroducing limited constitutional government and a civil society premised on freedom, personal responsibility and the virtues of Western civilization.”

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