President-elect Donald Trump’s inaugural committee has shattered fundraising records by collecting over $170 million for his upcoming inauguration. This massive fundraising total comes as top executives and major donors pour money into the event, signaling strong support for Trump’s return to the White House.
An anonymous source familiar with the fundraising effort revealed that the committee expects to surpass $200 million by the end of the campaign. While specific details on how the funds will be spent remain unclear, the money will likely cover expenses related to Trump’s swearing-in ceremony and surrounding events on January 20.
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
The $170 million raised so far more than doubles the $62 million raised by President Joe Biden’s inaugural committee in 2021, according to Federal Election Commission records. This fundraising milestone also surpasses Trump’s own record from his first inauguration in 2016, when his team raised nearly $107 million.
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 companies appear eager to align with Trump ahead of his second term. Amazon and Meta, the parent company of Facebook and Instagram, each pledged at least $1 million to the inaugural fund. OpenAI CEO Sam Altman also announced a $1 million personal contribution. These donations suggest that corporate leaders are seeking to build stronger ties with the incoming administration.
https://twitter.com/amuse/status/1867066216956946946
Despite the surge in donations, Trump’s inaugural committee has reportedly stopped selling tickets for donors who wish to attend the swearing-in ceremony and related private events.
With Trump set to become the 47th president — and the only president besides Grover Cleveland to serve two non-consecutive terms — the unprecedented fundraising total reflects widespread enthusiasm for his return to office.
