The event, held at the lavish home of David Sacks in the exclusive Pacific Heights neighborhood, saw Trump raise an impressive $12 million in campaign contributions.

The fundraiser was hosted by Sacks and Chamath Palihapitiya, both highly influential figures in Silicon Valley and co-hosts of the popular "All-In" podcast. Tickets for the sold-out event ranged from $50,000 per person to $500,000 per couple, offering special access and the opportunity to have a photo with Trump.

Ahead of the fundraiser, Sacks took to social media to formally endorse Trump as the 45th President, proclaiming his belief that Trump's leadership could steer the nation back on course in four crucial areas: economic policy, foreign policy, border policy, and legal fairness. Sacks highlighted his view that Trump performed better in these areas during his first term compared to President Biden.

Sources familiar with the fundraising dinner revealed that Sacks reiterated his praise for Trump and explained his continued support for the former president's anticipated 2024 election rematch with President Biden. Sacks had originally shown his support for Trump during a meeting in March with Sen. JD Vance and Donald Trump Jr., where he indicated his commitment to Trump's future presidential campaign.

Vance, a potential running mate for the 2024 election, also played a crucial role in organizing the high-profile fundraiser. The billionaire tech investor expressed his gratitude to Vance, stating, "This all started with JD Vance calling and asking if we could host an event for President Trump. Without JD's advice and encouragement, this would never have happened."

While Trump's visit to California does not suggest that the blue state is in play politically, it highlights the ongoing importance of the Golden State as a fundraising hub. Both Trump and President Biden have held lucrative fundraisers in the area, demonstrating its significance as a campaign cash ATM.

Notably, Trump's campaign and the Republican National Committee (RNC) reported an astounding $141 million in fundraising for May. This figure, partly fueled by the former president's guilty verdicts in his criminal trial, included nearly $53 million raised within the first 24 hours following the verdict. The Biden campaign also capitalized on the trial's outcome, experiencing one of its best fundraising days since the campaign's launch.

With these impressive fundraising numbers, Trump aims to narrow the fundraising gap with President Biden, having surpassed the Democratic campaign and the Democratic National Committee in April for the first time.

As Trump heads to Beverly Hills and Newport Beach for further fundraising events, his lucrative San Francisco stop is a testament to his continued influence and support among wealthy tech investors, further solidifying his position as a prominent figure in Republican politics.