Trump raises USD 6 million in first fund raising event

PTI | Updated on: Friday, May 31, 2019, 02:57 PM IST


Washington: Donald Trump has raised an impressive USD 6 million and received pledges for another USD 4 million in his first fundraising event after emerging as presumptive Republican presidential nominee, a media report has said.

Trump, who self-funded his primary election campaign by putting more than USD 40 million from his own pocket has said that he intends to raise USD 1 billion for the November general elections which would include funding for the various Senate and Congressional campaigns.

Even though he entered into two separate agreements with the Republican National Committee (RNC) in this regard, Trump said he would continue to put money from his own pocket for his presidential elections, but would raise money for the Congressional elections with the sole objective of retaining the Republican majority in the US Congress.


According to ‘The Wall Street Journal’, Trump fundraiser was held Wednesday evening at the Santa Monica home of Rachelle and Tom Barrack, the founder and chief executive of Colony Capital Inc, a Los Angeles-based investment firm with holdings across real estate and entertainment, and a longtime friend and business partner of Trump.

More than 100 donors gathered to hear Trump and Republican National Committee (RNC) Chairman Reince Priebus speak, the daily reported. AS per the agreement reached last week, for the Trump Victory Fund one can contribute a maximum of USD 449,400. Attending the dinner and reception and taking a photo with Trump cost USD 25,000 a person, the report said. To be a member of the event’s host committee and attend the dinner and reception—among other perks—donors paid USD 100,000.

Steven Mnuchin, Trump’s national finance chairman said the event had 18 hosts. Several donors at the event gave the maximum USD 449,400, the daily reported. Trump himself stayed at the fund raiser for three and half hours.


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Published on: Saturday, May 28, 2016, 12:02 PM IST