Donald Trump’s campaign is set to raise over $40 million in a major fundraiser at billionaire investor John Paulson’s Palm Beach home. The event, expected to bring in $43 million, will be Trump’s largest fundraiser for his third presidential run. The gathering will include about 100 guests, including several billionaires, and is expected to set a new single-event fundraising record.
Despite Trump’s legal team claiming difficulty in securing the original $464 million bond for his civil fraud trial, ProPublica reports that Trump had received an offer from billionaire businessman Don Hankey to post the full amount. If Trump’s lawyers knew about the offer and failed to notify the court, they may have violated ethics rules.
The fundraiser contributions will go toward the Trump 47 Committee, a joint fundraising agreement with the Republican National Committee (RNC), state Republican parties, and Save America, a political action committee that pays most of Trump’s legal bills. The agreement directs donations to first pay the maximum allowed under law to his campaign and Save America before the RNC or state parties get a cut.
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