Richman, who built his $10 billion company developing rental housing, lives in the Conyers Farm area, where the minimum lot size is 10 acres. Twenty-five donors paid $32,400 each to get their photo taken with the president. Others paid $10,000 for dinner.

While Obama was schmoozing — and the press pool was playing billiards in the basement — he was also soliciting donations for House Democrats in an e-mail.

“If Republicans win, we know who they’ll be fighting for,” Obama said. “Once again, the interests of billionaires will come before the needs of the middle class.”