President-elect Donald Trump’s inaugural committee has raised over $170 million for his upcoming inauguration, surpassing all previous records. The figure is expected to exceed $200 million, according to an insider with knowledge of the fundraising effort.
The funds will cover the costs of inauguration-related events, including the oath of office ceremony, a parade, and several inaugural balls. Any leftover money is anticipated to support a future Trump presidential library. Trump’s fundraising total is more than double the $62 million raised for President Joe Biden’s inauguration in 2021 and surpasses the $107 million collected for Trump’s first inauguration in 2017.
Big donors, including tech executives and major corporations, have contributed significantly. Amazon and Meta, the parent company of Facebook and Instagram, each pledged $1 million. OpenAI CEO Sam Altman also announced a $1 million personal donation.
The strong fundraising reflects efforts by corporations and influential donors to build ties with Trump and the Republican Party, which recently regained control of Congress.
Trump’s committee has not disclosed detailed plans for how the funds will be spent. Traditionally, private donations finance various inaugural activities, with excess funds earmarked for projects such as presidential libraries.
With his inauguration just days away, Trump’s record-breaking fundraising highlights the widespread financial support for his administration’s return to Washington.
