Both presidential candidates will be attending high-profile fundraisers in California in June.
As the presidential contest heats up, the presumptive Republican and Democrat nominees are turning to the Golden State to boost their cash flow.
Former President Donald Trump will be dining with tech investors in San Francisco on June 6, while President Joe Biden is preparing for a glamorous celebrity fundraiser in Los Angeles on June 15.
These events come as both candidates aim to increase their resources as the election season reaches its peak.
The VIP dinner and reception, hosted by venture capitalists and “All-In” podcast hosts Chamath Palihapitiya, David Sacks, and Jacqueline Sacks, could further reduce this gap.
Attendees are expected to contribute $50,000 per person or raise $100,000 per person, according to the invitation.
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Members of the host committee are asked to contribute $300,000 per person or $500,000 per couple, or raise $500,000 per person.
Mr. Sacks is a close friend of Tesla CEO Elon Musk.
Last year, the duo hosted Florida Gov. Ron DeSantis on Mr. Musk’s X platform for his presidential campaign announcement.
Mr. DeSantis has since withdrawn from the race and endorsed President Trump.
On the other hand, late-night host Jimmy Kimmel is set to become the second comedian this year to host a high-profile fundraiser in support of President Joe Biden’s reelection campaign.
Mr. Kimmel will lead a discussion with President Biden and former President Barack Obama at an undisclosed location in Los Angeles, as per an Eventbrite listing.
The star-studded event will include actors George Clooney and Julia Roberts as special guests, with tickets starting at $250 and VIP packages reaching up to $500,000.
The proceeds will support the Biden Victory Fund, which distributes donations to the Biden campaign, the Democratic National Committee, and state Democratic parties.
President Obama headlined that event alongside former President Bill Clinton and various celebrity performers, raising a then-record $26 million.
However, President Trump surpassed that achievement by raising $50.5 million at an April 6 fundraiser at the residence of hedge fund billionaire John Paulson in Palm Beach, Florida.
“This sold-out event has raised the most in a single political fundraiser in history. This overwhelming support demonstrates the enthusiasm for President Trump and his policies,” Mr. Paulson stated to The Epoch Times at the time.
These funds were critical for President Trump, who was facing legal fees from multiple cases and lawsuits and needed an influx of funds. Nonetheless, his campaign, along with the Republican National Committee, finished the month strong, raising over $76 million.
Conversely, President Biden and the Democratic National Committee reported raising $51 million in April, marking the first month this year where his Republican opponent outpaced him.
T.J. Muscaro, Austin Alonzo, Melanie Sun, Janice Hisle, and Reuters contributed to this report.
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