President-elect Donald Trump’s inaugural committee has achieved a historic fundraising milestone, collecting over $170 million for his upcoming inauguration. This record-breaking amount demonstrates strong support from corporate leaders and high-profile donors eager to back Trump as he prepares to return to the White House.
An insider with direct knowledge of the fundraising, speaking on condition of anonymity, revealed that the committee is on track to surpass $200 million. While the committee has not disclosed exactly how the funds will be spent, the money traditionally covers expenses related to the inauguration ceremony and accompanying 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
The amount raised far exceeds the $62 million gathered by President Joe Biden’s inaugural committee in 2021. It also outpaces Trump’s own 2016 record, when he raised nearly $107 million for his first inauguration. The massive influx of donations reflects widespread enthusiasm for Trump’s second non-consecutive term, a feat not seen since 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 corporations appear to be realigning themselves with Trump’s administration. Amazon and Meta, the parent company of Facebook and Instagram, each pledged at least $1 million to the fund. OpenAI CEO Sam Altman also announced a personal donation of $1 million. These sizable contributions suggest that corporate America is working to strengthen its relationship with the incoming administration.
https://twitter.com/amuse/status/1867066216956946
Despite the overwhelming financial support, Trump’s inaugural committee has reportedly stopped offering tickets to donors hoping to attend the swearing-in ceremony and private events. This decision suggests that the demand to participate has already reached capacity.
Trump will be sworn in as the 47th president of the United States on January 20, marking his return to the Oval Office. The record-breaking fundraising effort highlights the strong momentum behind his leadership and signals robust backing from key supporters.
