Technology Whiz Macricostas Gives $1.1M to Sen. Rand Paul GOP Campaign

California technology entrepreneur George Macricostas, who started the off-site data backup management site RagingWire, has donated $1.1 million so far to the campaign of Republican Presidential candidate Rand Paul, a Republican U.S. Senator from Kentucky.

Macricostas ranked 29th on a list of donors of more than $1 million to Presidential campaigns more than a year before the election and as the Republican field has swollen.

Paul, a physician, is the son of former U.S. Congressman Ron Paul from Texas. Sen. Paul is a libertarian and strong supporter of the ultra-right Tea Party movement who announced his candidacy on April 7, 2015 and has seen Macricostas being his prime supporter among the $6 million raised so far for the campaign.

Paul is known for being accessible to the media but he admitted in an interview on CNN to being “short-tempered” with the press.

The big donations flow through so-called Super PACs. Leading the list of donors to candidates is Robert Mercer, co-Chief Executive of Renaissance Technologies, who gave $11.3 million, 98 percent to Texas Republican conservative Sen. Ted Cruz, and the rest split between Republican Louisiana Gov. Bobby Jindal and former Hewlett-Packard chief Carly Fiorina.

RagingWire is largely owned by the Japanese company NTT Communications. Macricostas gave his donation to Paul through America’s Liberty PAC, which is run by Paul’s former campaign manager Jesse Benton, the Huffington Post said.

Macricostas donated to the 2012 Presidential campaign of Paul’s father and to a joint fundraising committee providing money to Rand Paul’s Presidential campaign, 2016 Senate account and leadership PAC.

RagingWire started as a co-location center providing off-site data backup for financial and technology companies. George Macricostas was a founder in 2000 and served as the company’s first CEO.

In a profile, the Sacramento Business Journal reported that he led the company from its somewhat rocky birth — coming just as the dot-com crash occurred — to rapid growth.

In October he struck a $350 million deal to sell 80 percent of the company to NTT Corp. aimed at allowing the business to continue rapid growth.

With the deal, RagingWire overnight went from from being a local company to a major international player, part of a Japanese giant and now with 150 data centers.



HIMARE - Elected mayor of Himare Fredi Beleri, who remains jailed on remand in a Durres prison since May, said in an interview with SKAI radio on Tuesday that "the rule of law does not function in Albania".

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.


Rosalynn Carter’s Intimate Funeral is Being Held in the Town Where She and Her Husband Were Born

PLAINS, Ga. (AP) — Rosalynn Carter received her final farewells Wednesday in the same tiny town where she and Jimmy Carter were born, forever their home base as they climbed to the White House and traveled the world for humanitarian causes.

WASHINGTON (AP) — House Republicans are considering holding a formal vote next month to authorize the impeachment inquiry into Joe Biden as the party looks to legitimize a process that has yet to yield any direct evidence of wrongdoing by the president.

JERUSALEM (AP) — It has become an Israeli mantra throughout the latest war in Gaza: Hamas is ISIS.

ATHENS – As the 100th anniversary of her birth approaches on December 2, the tributes to Maria Callas continue – literally all over the world.

NEW YORK – Ahead of The Hellenic Initiative’s 11th Annual New York Gala on December 2, honoree Ted Leonsis, the well-known entrepreneur and philanthropist, shared his thoughts with The National Herald.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.