‘Rich person’s president’: Trump mocked as he rakes in around $12M in San Francisco fundraiser, gets David Sacks’ endorsement

SAN FRANCISCO, CALIFORNIA: Former President Donald Trump's visit to the traditionally Democratic-leaning city of San Francisco proved to be highly successful.

The 2024 GOP presidential nominee raised approximately $12 million in donations during the fundraiser held on Thursday evening, June 6, in the upscale Pacific Heights neighborhood, per Fox News.

Additionally, the event marked the official endorsement of the ex-president by a major tech investor.

Which tech investor formally endorsed Donald Trump?

The event was hosted by prominent tech investors David Sacks and Chamath Palihapitiya, both influential figures in Silicon Valley and co-hosts of the popular ‘All-In’ podcast.

Attendees purchased tickets ranging from $50,000 per person for general admission to $500,000 per couple for special access and a photograph with Trump.

A few hours before the fundraiser at his multimillion-dollar home, David Sacks formally endorsed Donald Trump on social media.

Sacks wrote on X, "I give to many, but endorse few. But today I am giving my endorsement to our 45th President, Donald J. Trump, to be our 47th President. My reasons rest on four main issues that I think are vital to American prosperity, security, and stability – issues where the Biden administration has veered badly off course and where I believe President Trump can lead us back."

Sacks mentioned that "the voters have experienced four years of President Trump and four years of President Biden. In tech, we call this an A/B test."

"With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. He is the President who deserves a second term," he claimed.

During the fundraising dinner, Sacks reiterated his admiration for the 77-year-old MAGA strongman and elaborated on his decision to endorse the former POTUS for the 2024 general election rematch with President Joe Biden.

Despite the fact the official endorsement came on Thursday, June 6, Sacks initially demonstrated his support for Donald Trump during a March meeting with Sen JD Vance (R-Ohio), and Donald Trump Jr in Washington, DC.

This impromptu meeting at the Conrad Hotel, held shortly after Trump secured the 2024 GOP presidential nomination and reported by The New York Times and confirmed by Fox News, was where Sacks expressed his full support toward Trump's upcoming presidential campaign.

Sen Vance, who is aligned with the former president and appears to be a strong contender to be his running mate pick for the 2024 elections, is also close to his eldest son, Trump Jr.

The Buckeye State lawmaker previously worked in the San Francisco area in hedge funds within the tech sector.

Sources suggest his involvement was key in organizing the high-value fundraiser.

According to those who attended the Thursday fundraiser, Sacks revealed that "this all started with JD Vance calling and asking if we could host an event for President Trump. Without JD's advice and encouragement, this would never have happened."

Situation in Biden and Trump camps regarding fundraising numbers

The 45th President of the United States, Donald Trump, was scheduled to attend a fundraiser in Beverly Hills on Friday, June 7, followed by a finance event in Newport Beach in Orange County on Saturday, June 8.

On Monday, June 3, Trump's campaign announced that in May it raised an impressive $141 million in conjunction with the Republican National Committee (RNC).

This substantial amount partially resulted from the attention garnered by the former president's conviction in his New York hush money criminal trial.

The trial, in which Trump was found guilty of all 34 felony counts, marks the first of its kind involving a former or current president in the nation's history.

Notably, following last week's verdict, Trump’s campaign team and the RNC jointly raised nearly $53 million within the initial 24 hours, contributing to the total raised for the month of May.

The Biden campaign has also capitalized on the Trump guilty verdict to bolster its fundraising efforts.

A source familiar with the matter revealed to the aforementioned outlet that "the 24 hours after the verdict were one of the best fundraising 24 hours of the Biden campaign since launch."

Meanwhile, former President Trump has endeavored to narrow the fundraising disparity with the 81-year-old incumbent president.

In April, his campaign and the RNC outpaced the Biden campaign and the Democratic National Committee in fundraising for the first time.

Fundraising, in conjunction with public opinion polling, serves as a vital yardstick for evaluating the robustness of candidates and their campaigns.

The funds amassed can be utilized to enhance grassroots outreach, drive voter turnout, hire personnel, cover travel expenses, and fund advertising initiatives, among other uses.

Internet reacts as Donald Trump raises around $12M in San Francisco fundraiser 

The news of Donald Trump raising approximately $12 million in donations during the San Francisco fundraiser sparked various comments online.

One X user remarked, "Wow, a week's worth of legal fees! He'll need much more than that, especially for an appeal."

Another user claimed, "A South African billionaire. Shocker. Gotta keep those giant tax breaks for the wealthy. Don't worry, us regular people will be lucky to get the trickle down crumbs."

Another user argued, "It’s an investment that will pay large dividends if Trump wins. Risky gamble."

One user asked, "Why people are giving this liar this felon this convict any money it’s so sad that our country has become this."

Another X user quipped, "So a rich dude who held a fundraiser for Trump endorsed him? How shocking!"

Another user wrote, "Trump is the rich people’s President. Always good about looking out for the top 1% with his tax cuts. Not so good about looking out for the rest of us."

Finally, this user tweeted, "Almost as if he doesn’t represent the working class, bro."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.