John Paulson, the founder of a prominent hedge fund, is set to host a significant fundraising event next month in support of Donald Trump’s presidential campaign. The event, which is attracting some of the Republican Party’s most affluent donors, signifies a shift in support towards the former president, who is now the presumptive nominee of the party.
The fundraiser, scheduled for April 6 in Palm Beach, Florida, is a clear indication that some of the GOP’s wealthiest figures, who previously remained neutral or supported other candidates during the primary season, are now rallying behind Trump as he strives to match the funding efforts of President Joe Biden and the Democrats.
In a statement to CNN, Paulson expressed his support for Trump’s re-election bid, praising his policies on the economy, energy, immigration, and foreign policy. He also highlighted the strong support Trump continues to receive from donors and the American public.
High-Profile Co-Chairs and Special Guests
The “Inaugural Leadership Dinner” in Palm Beach will be co-chaired by several high-profile figures, including hedge fund billionaire Robert Mercer and his daughter Rebekah, oil magnate Harold Hamm, hotelier and space entrepreneur Robert Bigelow, and casino mogul Steve Wynn. Other notable co-chairs include Todd Ricketts, whose family owns the Chicago Cubs, and long-time Trump allies such as Robert Wood Johnson, co-owner of the New York Jets, and Wilbur Ross, Trump’s former Commerce Secretary.
Three former Trump rivals, South Carolina Senator Tim Scott, entrepreneur Vivek Ramaswamy, and North Dakota Governor Doug Burgum, are listed as “special guests” on the invitation.
Fundraising Efforts and Costs
The cost to attend the fundraiser ranges from $250,000 per person for those serving on the “host committee” to $814,600 per person to serve as a “chairman.” Those contributing at the top level will enjoy the privilege of dining at Trump’s table.
The fundraiser is one of the first major events since Trump became the presumptive nominee of his party and appointed his choices to lead the Republican National Committee (RNC). The event aims to help Trump quickly raise substantial funds to close the fundraising gap with Biden and the Democrats. It also stands to benefit a leadership PAC that has helped cover some of Trump’s increasing personal legal bills.
Despite trailing behind Biden and the Democrats in terms of available funds, Trump is taking a more proactive approach with donors. Compared to his first presidential run in 2016, Trump is now more engaged in fundraising efforts, which has proven to be beneficial.
Proceeds from the April fundraiser will benefit the Trump 47 Committee, a joint fundraising operation recently established by the Trump campaign, the RNC, and nearly 40 state party committees. Save America, a Trump leadership PAC, is also set to receive a portion of the contributions.