Biden intends to hold fundraisers in the Hamptons during his campaign.

Biden intends to hold fundraisers in the Hamptons during his campaign.
Biden intends to hold fundraisers in the Hamptons during his campaign.
  • Joe Biden intends to raise funds in the affluent seaside towns of the Hamptons.
  • There may be two Hampton fundraisers, and the logistics and hosts are yet to be finalized.
  • The events could be hosted by hedge fund manager Barry Rosenstein and his wife Lizanne, as well as Tampa Bay Buccaneers owner Avram Glazer, a source revealed to CNBC.

This month, Joe Biden, the President, intends to embark on a fundraising tour in the affluent New York seaside towns of the Hamptons.

The weekend of June 29 is becoming clearer, but details and hosts for the receptions are still being finalized, according to sources who were granted anonymity to discuss plans that are still in flux.

The events could be hosted by hedge fund manager Barry Rosenstein and his wife Lizanne, as well as Tampa Bay Buccaneers owner Avram Glazer, a source revealed.

Barry Rosenstein, the owner of an 18-acre beachfront property in East Hampton, N.Y., which includes a mansion, pool, pond, and private gardens, purchased the home for over $140 million. The Rosensteins have donated a combined total of $300,000 to the Biden Victory Fund, as per Federal Election Commission records.

Avram Glazer, who is the brother of longtime Trump supporter and fellow Bucs owner Edward Glazer, has donated $750,000 this year to the Biden Victory Fund. It's unclear whether he owns any property in the Hamptons.

Neither Rosenstein nor a spokesperson for the Bucs responded to a request for comment. Similarly, a spokesperson for the Biden campaign did not respond to a request for comment.

The funds from the events will be used to support the Biden Victory Fund, a joint fundraising effort between the Biden campaign, the Democratic National Committee, and multiple state parties, according to a source.

The Hamptons will host the president's first campaign visit of the year, with the fundraisers marking the occasion.

On June 15 in Los Angeles, former President Barack Obama, George Clooney, Julia Roberts, and Jimmy Kimmel are set to attend a fundraiser for Biden. The invitation states that tickets start at $250 and go up to $500,000.

According to reports, Biden attended a fundraiser in Greenwich, Conn., at the home of Lisa and Richard Plepler.

Since his felony convictions last month in New York, former President Donald Trump has been on a fundraising juggernaut, raising over $50 million for his campaign.

A jury convicted Trump of 34 counts of falsifying business records on May 30, 2016, as part of a scheme to pay hush money to a porn star. Trump's sentencing in the case is scheduled for July 11 in New York.

by Brian Schwartz

Politics