Aug
01

Should We Throw in a Tie with that $30,000?

August 01, 2010

This wax figure gives us an idea of how President Barack Obama might look like at his birthday party on Aug. 5. Getty Images Photo

Fifty people are invited to President Barack Obama’s birthday party in his hometown of Chicago, and each were told what gift they are to bring: $30,000.

Chicago real-estate mogul Neil Bluhm is throwing a birthday bash at his home for the President on August 5.

According to Chicago Sun-Times columnist Michael Sneed, to be invited, your gift must include a $30,000 donation to the Democratic National Committee.

Sneed reports that “50 heavy hitters” are officially on the guest list, which will raise $1.5 million for the DNC.

Bluhm, who was listed at No. 236 on Forbes list of 400 Richest Americans 2009, is a partner in Walton Street Capital, a private equity real estate investment firm.

Thirty years ago, with his University of Illinois roommate, Bluhm co-founded the commercial real estate investment firm, JMB Realty, one of the nation’s largest developers.

Chicago's Neil Bluhm

In December, Bluhm won a license to build a gambling establishment outside O’Hare Airport. He says he plans to share the proceeds with neighboring underprivileged towns.

By the way, if you are dying to wish the President a happy birthday and can’t afford Bluhm’s party, there’s another one you can attend a bash for significantly less.

The President will also be at the Palmer House Hilton on Aug. 5 for a fundraiser for Illinois State Treasurer Alexi Giannoulias, who is is running for Obama’s former Senate seat and has received only half the amount of campaign contributions as his Republican opponent.

A ticket to this bash ranges from $1,000 for the general reception to $2,400 for preferential seating.

President Obama turns 49 years old on August 4. I think I’ll just send a card.

Categories: Events, In the City

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