The Institute reviewed the outcome of races involving the top 10 self-funded candidates and found that the historic pattern of self-funded candidates holds: eight of those ten candidates lost their races. Simply put, financing one’s own campaign may actually create an obstacle to success rather than a leg up. Two Republican governors-elect-Rick Scott of Florida and Rick Snyder of Michigan-bucked that trend when they won their races. Scott’s win was close; Snyder won by a decisive margin. Whitman lost in the general election. Tom Foley of Connecticut also lost his gubernatorial bid after a very tight race. The remaining six candidates lost in the primary.
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