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The 鈥榖illionaire primary鈥�: Who鈥檚 backing whom?

Mega-wealthy donors, many of them billionaires, are expected to play an unprecedented role in the 2016 presidential race. Some donate directly into the coffers of political action committees known as 鈥渟uper-PACs,鈥� which make expenditures on behalf of candidates but cannot coordinate with their campaigns. A super-PAC can accept unlimited contributions from individuals.

In 2012, Republicans Rick Santorum and Newt Gingrich lasted longer than expected in the primaries, because of support from wealthy benefactors, Foster Friess and Sheldon Adelson, respectively.

Others major donors work as bundlers, getting their friends to donate to their favored candidate鈥檚 campaign. Those donations are limited.

This time, some mega-donors are already backing candidates. Others are still weighing their options. Here鈥檚 a list of who鈥檚 backing whom so far:

1. Robert Mercer: Sen. Ted Cruz (R) of Texas

Harrison McClary/Reuters
US Senator Ted Cruz (R) of Texas speaks during the National Rifle Association's annual meeting in Nashville, Tennessee April 10, 2015.

Mr. Mercer, a hedge-fund magnate, is reportedly the main donor to a network of four super-PACs all backing Senator Cruz. Within a few weeks of Cruz鈥檚 campaign launch on March 23, the pro-Cruz super-PACS, all containing the words 鈥淜eep the Promise,鈥� had raised an eye-popping $31 million.

A in The New York Times described Mercer as a 鈥渞eclusive Long Islander,鈥� who shares with Cruz 鈥渁 passion for unbridled markets, concerns about the Internal Revenue Service, and a skeptical view of climate change.鈥� Mercer鈥檚 net worth is undisclosed. He is the co-CEO of the hedge fund Renaissance Technologies.

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