Billionaire Offers $100K to Name New Political Party
Florida attorney and political megadonor John Morgan speaks to the Capital Tiger Bay Club in Tallahassee, Fla., Wednesday, May 14, 2025. (AP Photo/Kate Payne)
By John Johnson
Floridians aren’t getting John Morgan on the ballot—but he’s dangling six figures to rebrand their politics. The 70-year-old billionaire ended statewide speculation on Monday by announcing that he would not run for governor, reports Politico. However, Morgan does plan to launch a new state political party and will pay $100,000 to whoever comes up with its name. The contest rules will be laid out in the coming days. One that’s clear: Morgan can afford the reward: Forbes pegs his worth at $1.5 billion.
Morgan, who built the Morgan & Morgan injury law empire, has poured millions into successful ballot measures to raise Florida’s minimum wage and legalize marijuana, earning him the nickname “Pot Daddy.” The former Democrat, who is now registered as an Independent, previously flirted with gubernatorial runs in 2018 and 2024. In his Monday video, Morgan argued that “what ails us is the two-party system,” adding, “Most of us agree on most things, but if you put the D up and the R up, nothing ever gets done.”
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