Some mega-donors get the money flowing into super-PACs by hosting a fundraiser. In February, private equity giant Henry Kravis held an event at his Manhattan home for Mr. Bush with an eye-popping request of $100,000 per person. The reported $4 million raised went to Bush鈥檚 Right to Rise PAC. As long as Bush is an undeclared candidate, he can help raise money for his super-PAC.
鈥淭he price of admission to the event ... surprised even Wall Street veterans used to high-dollar fundraisers,鈥� , calling Bush鈥檚 fundraising approach 鈥渟hock and awe.鈥�
Mr. Kravis is co-founder of private equity firm KKR & Co. He is No. 291 on the Forbes list of the world鈥檚 billionaires, worth $5.1 billion.
