OAN Staff James Myers
2:00 PM – Thursday, January 9, 2025
President-elect Donald Trump has reportedly raised more than $170 million for his upcoming inauguration, with big donors and business executives helping to finance the ceremony. This is a record amount for the huge check he wrote to cover the costs.
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Individual donations collected so far were confirmed by a person with direct knowledge of the fundraiser, who was not authorized to speak publicly and requested anonymity.
The person also noted that President Trump's inaugural committee is expected to raise more than $200 million by the end of the effort.
Meanwhile, the committee has yet to provide details on how the donations will be used.
Private donations are typically used to cover the costs of events surrounding the Jan. 20 inauguration.thexpenses related to the oath of office itself.
Trump's committee has raised less money than President Joe Biden's team raised four years ago, when it raised about $62 million for his inauguration, according to Federal Election Commission records. That's more than double the amount.
Trump's first inauguration in 2016 also raised about $107 million, setting a record at the time.
The heads of big tech companies are reportedly still writing big checks to improve their positions and overall relations with the president-elect.
Amazon, Facebook and Instagram's parent company Meta said last month they each planned to donate at least $1 million to President Trump's inaugural fund. OpenAI CEO Sam Altman also said he plans to give Trump a $1 million personal donation.
However, the launch committee has reportedly stopped selling tickets to donors who wish to attend President Trump's swearing-in and other related private events.
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