Donald Trump Holds First Silicon Valley Fundraiser

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Eric Lieberman Managing Editor
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Republican presidential nominee Donald Trump made financial gains in Silicon Valley after partaking in his first fundraiser in the tech hub.

CEO Saul Fox of Fox, Paine & Co., a private equity investment firm, hosted the gathering for Trump at his own home in Woodside. The event took place in the affluent neighborhood right near the headquarters of Facebook and Google, according to TechCrunch.

The 25,000-per-person dinner is Trump’s first real fundraising success in Silicon Valley. In May, Intel CEO Brian Krzanich planned a fundraiser for Trump, but felt compelled to cancel the event after public unrest over Trumps’s contentious views on immigration and foreigners. Krzanich is famous for diversifying his workforce, announcing in a letter that 43 percent of his hires in the U.S. in 2015 were considered diverse.

While garnering the attention of wealthy donors is a big deal, Trump still has only raised $30,556, reports Tech Crunch, which is a trivial amount of money for a sphere of society with such deep pockets.

Saul Fox is a consistent donor of conservatives. He worked with super PACs supporting 2012 presidential nominee Mitt Romney and has personally contributed $216,500 dollars to primarily Republicans since 1990, according to the Sunlight Foundation. Fox supported Rubio and Cruz in the primary contest, but switched his loyalties since Trump won the Republican nomination.

Democratic presidential nominee Hillary Clinton was paid roughly $270,000 an hour after a three-day stumping tour throughout Silicon Valley earlier in August. In total she raised around $18 million dollars meeting with hollywood elites like entertainer Justin Timberlake and former basketball superstar Magic Johnson, as well as leaders of tech giants like Apple CEO Tim Cook. (RELATED: Apple CEO Tim Cook And Speaker of the House Paul Ryan Will Meet For Fundraising Discussions)

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