NAME THAT PARTY

Florida Billionaire Offers $100K to Name New Political Party

The mogul intends to file paperwork for his new party in the coming days.

Florida billionaire John Morgan wants to create a new political party, and he’s offering a $100,000 prize to anyone who comes up with the name. “In the coming days, I’m going to be rolling out the paperwork that I’ve already got done to have a third party in Florida,” the registered Independent said in a video posted on X. The 70-year-old, who made his money from the Morgan & Morgan personal injury law firm, is best known for financing campaigns in Florida to raise the minimum wage and legalize medical marijuana. “I believe that what ails us is the two-party system. Most of us agree on most things, but if you put the D up and the R up, nothing ever gets done,” he said. Morgan initially considered a run for governor but decided against it due to his age. Morgan said he has big dreams for his new venture. “I hope we in Florida can kickstart a real third-party movement in the United States,” the billionaire said.