Billionaire former hedge fund chief John Paulson to host big-money Hamptons fundraiser for Trump

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Billionaire former hedge fund chief John Paulson to host big-money Hamptons fundraiser for Trump
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Tickets for the Trump dinner event are priced up to $500,000 per couple, an invitation says.

President Donald Trump is set to attend a big-money fundraiser Saturday at the home of one of his closest Wall Street allies.

Billionaire former hedge fund manager John Paulson will host Trump at his home in swanky Southampton on Long Island, N.Y., according to people with direct knowledge of the matter. Tickets for the dinner event are priced up to $500,000 per couple, an invitation says.According to the website Virtual Globetrotting, which tracks where luminaries live, Paulson's property was once known as the "Old Trees." It's described on the website as a "gated estate of 10.

Paulson, who used to run Paulson & Co., recently returned money to his investors and turned the business into a private investment firm only for his family's money, TheForbes reports that Paulson has a net-worth of just over $4 billion. He has hosted events for the president in the past. Paulson has given over $330,000 to the committee in the 2020 election cycle, Federal Election Commission records show.The president is taking part in his campaign's fundraising swing after recently outraising Joe Biden, the presumptive Democratic nominee, last month.

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