US President Joe Biden has started raising campaign funds. On Friday night, he campaigned for aid at a gala dinner at the five-star Salamander Hotel in Washington for some 200 wealthy and super-rich Americans.
Among those in attendance were former Disney executive Jeffrey Katzenberg and former hedge fund manager Tom Steyer, who spent $300 million on his own 2020 presidential campaign before donating his millions to Biden and other Democrats and forwarding them to Democrats as well.
“I’m here tonight to ask for your help to finish the job. People, the gist: it’s very simple. We need them. Our democracy needs you,” US President Biden told the guests. estimate that he needs more than $1 billion to campaign effectively. The guests at the celebratory dinner are the most important individual donors. Not only do they give their own money to the campaign, they also use their networks of high net worth citizens for donations.
Expensive entry
For example, they often host events that cost hundreds or thousands of dollars to attend. These funds are supplemented by millions of small cash donations, as small as a dollar, collected through the campaign website and other channels. “We couldn’t have done it without you, and I think it sounds like you’re ready to do it again,” Biden said confidently over dinner in Washington. He officially announced three days ago that he would run for president again next year.
Source: Krone
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