Former President Donald Trump is gearing up for a glitzy fundraising event in Palm Beach this weekend, aiming to catch up to President Joe Biden’s recent record-breaking fundraising haul. The event, hosted by New York hedge fund billionaire John Paulson at his $110 million Florida mansion, is expected to raise more than $43 million, surpassing Biden’s $26 million raised at a recent New York fundraiser.
The “Inaugural Leadership Dinner” will be attended by around 100 people, including several billionaires and special guests like South Carolina senator Tim Scott, entrepreneur Vivek Ramaswamy, and former first lady Melania Trump. Co-chairs of the fundraiser include prominent figures like former Georgia senator Kelly Loeffler and casino boss Steve Wynn.
A $814,600 donation will secure a seat at Trump’s table, while a $250,000 donation will grant a photo op with the former president and a personalized copy of his coffee table book. The event’s success could shift the narrative around Trump, who has faced financial challenges due to ongoing legal battles.
The fundraiser will benefit the Trump 47 Committee, a joint effort with the Republican National Committee and state Republican parties. Despite initial struggles to attract big donors, Trump has seen increased support from the Republican Party following his primary victory.
With donations first going to the Trump campaign and Save America PAC before reaching the RNC and state parties, the event aims to bolster Trump’s financial standing as he prepares for potential future political endeavors.