Even as he attempts to retreat further into the shadows of dark money, Robert Mercer can’t hide.
The reclusive hedge fund billionaire recently turned over his political operations to other family members, but his outsized role in electing Donald Trump keeps reverberating. A cache of leaked documents known as the Paradise Papers and further reporting by the Guardian revealed on Tuesday that Mercer used secret offshore companies in Bermuda to avoid taxes and fund his efforts to sink Hillary Clinton’s campaign.
Leaked documents and newly obtained public filings showed how the Mercer family built a $60m war chest for conservative causes inside their family foundation by using an offshore investment vehicle to legally avoid US tax. Among the gifts from the foundation was $4.7m the Mercers gave to the Government Accountability Institute run by Steve Bannon.