Trump's Fundraiser Event in San Francisco Raises $12 Million for 2024 Campaign. Here's Why Tech Titans Are Flocking to Support the GOP Candidate.

Benzinga 2024-06-07

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Former US President Donald Trump held a fundraiser event in San Francisco hosted by venture capitalist David Sacks and investor Chamath Palihapitiya. Ticket prices ranged from $50,000 per head to $300,000 for a photo opportunity with Trump. The event was expected to raise $12 million for Trump's 2024 presidential campaign. Support for Trump among tech investors has been growing as Biden policies are seen as unfavorable to the tech industry in areas like regulation and taxes. Recent SEC actions against crypto and antitrust probes of big tech under Biden have also fueled support for Trump's policies.

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