HILLSBOROUGH (CBS SF) – Republican presidential candidate Mitt Romney arrived in the Bay Area on Friday for a private fundraising event in Hillsborough, according to his campaign.

Romney, the former governor of Massachusetts, attended a fundraiser at 4:45 p.m. at a private estate at Strawberry Hill, according to an invitation for the event posted on a website for a local Republican group.

Former Secretary of State George Shultz and billionaire Tom Siebel were slated to attend, along with Hewlett-Packard CEO and former Republican gubernatorial candidate Meg Whitman.

Tickets for the event, which is closed to media, cost between $1,000 and $50,000 per person, campaign officials said.

The fundraiser comes on the same day that Romney released his full 2011 tax returns that show he and his wife paid $1,935,708 in taxes on $13,696,951 of income, a tax rate of 14.1 percent.

Related Coverage:
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President Barack Obama is also expected to visit the Bay Area for a fundraiser prior to the November election.

The president’s campaign announced Thursday that Obama will be visiting San Francisco on Oct. 8.

(Copyright 2012 by CBS San Francisco and Bay City News Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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