- Since Donald Trump’s victory, he has raised more than $200 million, at least $150 million of which is for his inauguration, according to a report. He appears to be beating his own record.
Inauguration Day is two weeks away. Since Donald Trump’s victory, Silicon Valley and Wall Street elites have donated generously for his inauguration and more.
Turns out the President-elect and his allies have raised more than $200 million, for not only his inauguration but his political operations and his eventual presidential library, according to the New York Times, which cited four people familiar with his fundraising.
And apparently during the holidays, Trump told people he’d raised more than $200 million since the presidential election. Quite the Christmas gift. The Trump transition team did not immediately respond to Fortune’s request for comment.
For his inauguration celebrations alone, at least $150 million has been raised. It’s more than the record $107 million raised for his prior inauguration eight years ago, and still more donations are expected, three people familiar with the matter told the publication. And it’s more than double the $62 million President Joe Biden raised for his inauguration festivities.
Given the massive fundraising haul for the inauguration, any money that’s left over after the celebration is expected to go toward Trump’s presidential library, the Times reported.
Super political action committee Make America Great Again Inc. is supposedly benefiting from the windfall of cash too. That’s after it raised around $400 million in 2023 and 2024, according to data from the Federal Election Commission.
Meta donated $1 million to the once and future president’s inauguration; that is despite what appeared to be a strained relationship between Trump and CEO Mark Zuckerberg. Meta’s Facebook locked Trump’s account after the Jan. 6, 2021, insurrection at the Capitol. His account was eventually reinstated.
Amazon, if it hasn’t already, plans to donate $1 million to the inauguration—despite the fact that the company’s founder Jeff Bezos owns the Washington Post. Bezos and Zuckerberg are the second- and third-richest men in the world, by the way, after none other than Elon Musk, who happens to be Trump’s billionaire backer and latest right-hand man.
Not to mention, OpenAI CEO Sam Altman previously said he’d make a personal donation of $1 million to Trump’s inauguration. Uber CEO Dara Khosrowshahi gave $1 million for the inauguration as well.
Then there’s Citadel billionaire CEO Ken Griffin, who earlier said he’d make a $1 million donation, while Goldman Sachs and Bank of America have said they’d donate to the inaugural committees but wouldn’t disclose the amount.
There are more, of course, but that’s a little taste of the money coming in.
Corporations have long donated to inaugural funds generally to send a message that they’re open to working with the incoming administration. Still, four years ago when the transfer of power wasn’t peaceful and there was a riot at the Capitol after Trump’s loss to Biden, some executives denounced the events.
It’s unclear whether those executives or the companies they helm are donating to Trump’s second inauguration, but others clearly have.
General Motors CEO Mary Barra condemned the violence on Jan. 6, 2021, but her company confirmed to Reuters recently that it would donate $1 million and vehicles to Trump’s inauguration.
And four years ago today, Apple CEO Tim Cook wrote: “Today marks a sad and shameful chapter in our nation’s history. Those responsible for this insurrection should be held to account, and we must complete the transition to President-elect Biden’s administration. It’s especially when they are challenged that our ideals matter most.”
Still, he is personally donating $1 million to Trump’s inaugural committee, sources familiar toldAxios. Apple didn’t immediately respond to a request for comment.
