Larry Ellison, chairman of Billionaire Oracle, is expected to fundraise for President Donald Trump.
The fundraiser will take place on February 19 at Ellison's Rancho Mirage, California property, according to a copy of an invitation from Desert Sun reporter Sam Metz, For $ 100,000, Trump's supporters can play golf with the president and pose for a photo with him. The desert sun reported. For $ 250,000, donors can take part in a discussion with the president in addition to the golf trip and photo shoot. The event's invitation states that the proceeds will be used to support the Republican National Convention and state GOP chapters, in addition to funding Trump's re-election offer.
A representative from Ellison at Oracle declined Business Insider's request to comment on the fundraiser or Ellison's political beliefs.
Ellison's support for the president comes from the fact that anti-billionaire sentiment is growing among Democrats. Left-wing Democrats Sen. Bernie Sanders and Sen. Elizabeth Warren have both voiced criticism of America's richest people and Buttigieg's apparent concern about them. Warren sells "Billionaire's Tears" mugs and host a Property Tax Calculator on their campaign website, which also covers Bill Gates and Leon Cooperman with a thin veil. And their harsh rhetoric has frightened many billionaires, said former Goldman Sachs partner and hedge fund manager Michael Novogratz Bloomberg.
Ellison's public support for Trump is rare, but not unprecedented, among Silicon Valley billionaires
Venture capitalist Peter Thiel publicly supported Trump before the elections and even stepped onto the stage of the Republican National Convention in July 2016, Business Insider reported at the time.
Billionaires from other industries, including Home Depot's co-founder Bernie Marcus and property developer Stephen Ross, were exposed to public outrage and boycotts of their companies in 2019 after reports of their donations to the president.
Several Ellison colleagues donated to former South Bend Mayor Pete Buttigieg. Buttigieg received campaign donations from 40 billionaires or their spouses, including the wife of former Google CEO Eric Schmidt, Netflix CEO Reed Hastings and hedge fund manager Bill Ackman. Buttigieg has repeatedly come under fire for its billionaire supporters, especially from other Sanders leaders.
Ellison has built several billion dollars in assets after founding software giant Oracle, Business Insider previously reported. Ellison resigned as Oracle's chief executive in 2014, but remains the company's chairman. He also has a seat on Tesla's board of directors and a reputation as an international playboy. Ellison is the fifth richest man in the country with a net worth of $ 69.1 billion. Forbes Estimates.
At least $ 9.5 million of Ellison's assets have gone to federal political candidates and federal political action committees since 1993, a review of the Federal Election Commission's documents The desert sun found. Ellison supported Senator Marco Rubio via Trump in the 2016 Republican presidential election, but seems to have put his weight behind the president since then.