Donald Trump is set to host his first post-election fundraiser in December, where tickets to the breakfast event cost $5,000 (£4,000) each.

The fundraiser, set for 7 December, is being held to benefit the President-elect’s transition effort and features a list of more than 60 hosts, according to invitations seen by a number of news organisations.

Alongside Mr Trump, those listed as hosts are transition team officials including Ray Washburne, who is leading the Commerce team’s efforts and Bill Hagerty, who is leading the presidential appointments team, Politico reported. Top fundraiser Brian Ballard, who has lobbied for Mr Trump in Tallahassee, Florida, is also on the list.

Others listed are billionaire Wilbur Ross, who is expected to be named as Mr Trump’s Com

merce secretary, casino owner Phil Ruffin, and Steven Mnuchin, who is a potential choice for Treasury Secretary, according to the Wall Street Journal. The newspaper reported that a person familiar with the event said it is expected to raise $4m (£3.2m).

The American federal government covers around $6m (£4.8m) in transition costs, which are funded by the taxpayer, and incoming presidents often supplement that money with outside fundraising. The law states that to main access to the federal money, the President-elect cannot accept more than $5,000 per donor.

Funding efforts for Mr Trump’s private transition reportedly started days before the election. The Washington Post reports that New Jersey Governor Chris Christie and Ed Feulner, the former president of Heritage Foundation, a Conservative think tank, hosted a fundraiser that doubled up as a transition “information session”, which cost attendees $5,000 a head.

President Obama reportedly used around $5.2m (£4.2m) from the allocated federal money during his transition period following the 2008 election, with around $4m (£3.2m) in private donations.