President-elect Donald Trump’s inaugural committee has raised an astonishing $170 million for his upcoming inauguration, breaking all previous fundraising records. With major corporate donors and wealthy executives contributing massive sums, the total amount raised far surpasses that of any prior president-elect.
An individual with direct knowledge of the fundraising confirmed the record-breaking figure but requested anonymity due to not being authorized to speak publicly. The committee is projected to exceed $200 million before the fundraising drive concludes. Although specific spending plans have not been disclosed, the funds are typically used to cover the costs of the inauguration ceremony and related events.
NYT is reporting that President Trump’s inaugural committee has had so much support that they are no longer selling tickets for major donors to go to the swearing in ceremony.
The inaugural committee had raised over 170 million dollars and even seven figure donors are now being…
— Insurrection Barbie (@DefiyantlyFree) January 9, 2025
Trump’s fundraising efforts dwarf the $62 million raised by President Joe Biden’s committee for his 2021 inauguration. It also surpasses Trump’s own record from 2016 when his committee brought in $107 million for his first inauguration. This surge in donations reflects strong support for Trump’s historic return to the White House, making him the only president besides Grover Cleveland to serve two non-consecutive terms.
TRUMP BREAKS ANOTHER RECORD! President-elect Donald Trump has raised more than $170 million for his upcoming inauguration, a record amount as tech executives and big donors have eagerly written large checks to help bankroll the ceremony. pic.twitter.com/xgQCPKZNGz
— Breaking911 (@Breaking911) January 9, 2025
Big Tech companies appear eager to rebuild relationships with Trump. Amazon and Meta, the parent company of Facebook and Instagram, have each pledged at least $1 million to the inaugural fund. OpenAI CEO Sam Altman has also announced a $1 million personal donation. These large contributions suggest that top executives are looking to strengthen their standing with the incoming administration.
https://twitter.com/amuse/status/1867066216956946
Despite the overwhelming financial support, Trump’s inaugural committee is reportedly no longer offering tickets to donors hoping to attend the swearing-in ceremony and exclusive events. This move indicates that event capacity may already be maxed out due to the unprecedented demand.
Trump will officially be sworn in as the 47th president on January 20. The record-breaking fundraising total underscores the enthusiasm and momentum behind Trump’s return to the Oval Office.
