Tim Scott sees big money donor interest while Ron DeSantis hunts for cash

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Republican presidential candidate U.S. Senator Tim Scott (R-SC) speaks to the New Hampshire Federation of Republican Women (NHFRW) at Saint Anselm College’s New Hampshire Institute of Politics in Manchester, New Hampshire, May 25, 2023.

Nicholas Pfosi | Reuters

Sen. Tim Scott, R-S.C., is seeing a wave of wealthy donor interest as he runs for president, while Florida Gov. Ron DeSantis struggles in the polls and hunts for donors in the ritzy Hamptons on Long Island, according to people briefed on the matter and invites to events reviewed by CNBC.

Scott is planning to make a fundraising swing through the Hamptons himself during the second week of August, according to invitations to a gathering and a Republican fundraiser working on the 2024 election cycle.

The event is scheduled to take place on Aug. 9 in the wealthy enclave and is set to be co-hosted by former Trump National Economic Council director and one-time Goldman Sachs executive Gary Cohn, according to Republican financier and former Trump backer turned Scott supporter Andy Sabin.

Billionaire investor Stanley Druckenmiller will co-host, Sabin told CNBC.

The invitation to the event, which was first reviewed by CNBC, shows that the fundraiser will take place in East Hampton. The exact location will be provided once donors RSVP. James Herring, a managing director at Goldman Sachs, is also listed as a co-host. Herring has already donated $6,600 to Scott’s 2024 run for president, according to Federal Election Commission filings. Marc Rowan, the CEO of Apollo Global Management and a previous Scott donor, is also listed on the invite as a co-host to the event.

Tickets for the event go anywhere from $1,000 to $5,000 per person, with the money being directed toward the Tim Scott Victory Fund, a joint fundraising committee that benefits his presidential campaign and his leadership PAC. Couples can get into the event at $10,000.

Source: Tim Scott Campaign

The Scott event is set to happen…

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