President Biden headlined a Radio City Music Hall fundraiser Thursday that was set to bring in $25 million for his re-election campaign.
Despite the eye-popping figure, one Republican megadonor claimed to Fox News the event was actually a bad sign for the incumbent.
Point Bridge Capital founder Hal Lambert told “Your World” a factor in the haul was the guest list and the figures who were appearing alongside Biden. For instance, a group photo with Biden, former President Clinton and former President Obama would reportedly set an attendee back $100,000.
CBS host Stephen Colbert was scheduled to moderate a discussion among the presidents, while “The Office” star Mindy Kaling had been named host of the event.
DreamWorks Pictures co-founder and ex-Disney executive Jeffrey Katzenberg helped organize the event, Variety reported, while also listing Queen Latifah, Lizzo and British songstress Cynthia Erivo among the attendees.
“Having the celebrities there and having the former presidents there says a lot about Biden’s effort to be able to raise money on his own,” Lambert said.
“I don’t think he would come close to that number of $25 million had he not had all the celebrities and not the former presidents there.”
Lambert added Biden likely needed Clinton and Obama to join him so that the guests could be entertained, and that he could communicate with the audience.
“I think it’s difficult for him to do at this point. I actually think it’s a bad sign,” he said.
Click here for the full report from Fox
