Topline
Rick Jackson defeated heavily favored Lt. Gov. Burt Jones—who was endorsed by President Donald Trump—in Tuesday’s Republican gubernatorial runoff in Georgia, with Trump praising Jackson and claiming the billionaire—who spent more than $100 million in the race—ran a Trump-style campaign.
Key Facts
Jackson held 53% of votes when the Associated Press called the race, while Jones had 47%.
The contest went to a runoff after no candidate received a majority of votes in the May primary—Jones won 38% and Jackson won 34%.
Jones, backed by Trump, won a last-minute endorsement from Republican Gov. Brian Kemp over the weekend.
Jones was the favorite heading into the runoff, with Kalshi showing odds of winning at roughly 70% when polls closed Tuesday.
Jackson faces former Atlanta Mayor Keisha Lance Bottoms, the Democratic nominee, in the general election.
The general election is expected to be a close race as Democrats have made inroads in the state in recent years, despite Georgia not having elected a Democrat for governor since 1998.
What Did Trump Say About Jackson’s Win?
Trump endorsed Jones very early in his campaign and continued to back his candidacy after both he and Jackson advanced to a runoff. However, early on Wednesday, the president congratulated Jackson on Truth Social and also appeared to take some credit for his win. “Congratulations to Rick Jackson, who very successfully campaigned on being ‘TRUMP,’ and won. He will be your next Governor of Georgia,” he wrote. In a follow-up post, the president added: “Rick Jackson ran a great TRUMP Campaign. Very smart!” and claimed the billionaire candidate was with him on Saturday night, “making a pitch.” The president also offered some words of support for Jones, calling him a “great guy” who has a “fantastic future.”
Forbes valuation
We estimate Jackson is worth at least $1 billion.
Tangent
Jackson is the second billionaire to run in a high-profile gubernatorial contest this primary season. Billionaire Tom Steyer, a Democrat, earlier this month fell short of making the gubernatorial runoff in California after spending more than $200 million of his own fortune on the race.
What To Watch For
Billionaire and former GOP presidential candidate Vivek Ramaswamy won the Ohio GOP gubernatorial primary in May. He will face Democrat Amy Acton in the general election. The race is expected to be highly competitive.
Key Background
Jackson, 72, is a political newcomer who heads Jackson Healthcare medical conglomerate, one of the largest private companies in the U.S. He touts a rags-to-riches story after growing up in foster care and starting his business by buying a two-person staffing company, then a small physician recruiting firm that became Jackson Healthcare. Jones has campaigned against Jackson by highlighting the millions he’s spent on his campaign, accusing him of buying votes, while Jackson, in turn, has accused special interest groups of buying Jones.
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