President-elect Donald Trump’s inaugural committee has shattered all previous fundraising records by collecting more than $170 million for his upcoming inauguration. This record-breaking sum highlights the overwhelming support from major donors and business leaders eager to align with Trump as he prepares to return to the White House.
A source familiar with the committee’s fundraising efforts, who requested anonymity, confirmed that the total is expected to exceed $200 million before the inauguration. Although the committee has not released details on how the funds will be used, inaugural donations typically cover the costs of the oath of office ceremony and related celebrations.
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 haul far surpasses the $62 million raised by President Joe Biden’s inaugural committee in 2021. It also breaks Trump’s own 2016 record when his first inauguration brought in nearly $107 million. This overwhelming financial backing signals strong enthusiasm for Trump’s second non-consecutive term as president, a historical feat last achieved by Grover Cleveland.
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
Major tech corporations are among the top contributors to Trump’s fund. Both Amazon and Meta, the parent company of Facebook and Instagram, have pledged at least $1 million each. OpenAI CEO Sam Altman also made a personal $1 million donation. These contributions suggest that influential business leaders are eager to rebuild their relationships with the incoming administration.
Didn’t expect to hear Mark Zuckerberg would donate $1M to Trump’s inaugural committee…
h/t @cb_doge pic.twitter.com/AOBWxk4iF9
— @amuse (@amuse) December 12, 2024
Despite the flood of donations, reports indicate that the inaugural committee has stopped offering tickets to donors hoping to attend the swearing-in ceremony and private events. This decision points to overwhelming demand and limited capacity for the exclusive gatherings.
Trump will officially take the oath of office on January 20, becoming the 47th president of the United States. The record fundraising total reflects broad support from both political allies and corporate leaders as Trump prepares to lead the country once again.
