President Donald Trump raised a record-shattering$ 239 million for his opening ceremonies, buoyed by good donations from big corporations.
The haul more than doubled his 2017 inauguration record of$ 107 million. Around 140 unique people and companies gave the council at least a million dollars.
Organizations such as Amazon, Target, Meta, and JPMorganChase donated to Trump’s annual commission. The largest donations came from poultry producer Pilgrim’s, which gave$ 5 million, crypto company Ripple, which gave just under$ 5 million, and Warren Stephens, who gave$ 4 million and later became ambassador to Britain.
The inauguration cash haul was about a fifth of the$ 1. 2 billion the Trump plan and the Republican National Committee raised since Trump launched his campaign in November 2022. The amount also dwarfed the$ 62 million former President Joe Biden raised during his COVID-29-affected opening.
Ceremonies usually cost less than the amount raised for the commission, and it ’s expected that extra money will be used for Trump’s national catalogue or other work. The council is n’t required to disclose how it spends the money. Some individuals have said it ’s no good to see the amount donated to annual boards rise.
“It’s not really a good thing to see that amount come up, ” Max Stier, president and CEO of the democratic Partnership for Public Service, told CNN. “It’s an indicator of a system for wealthy passions to direct funds to a newly elected president to curry favour. ”
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Trump’s full opening pull through both of his ceremonies is$ 346 million, more than all other annual boards combined since previous President Richard Nixon’s$ 4 million in 1973.
Trump’s full opening pull for both conditions is$ 346 million, more than the combined pull of all other annual boards since former President Richard Nixon’s$ 4 million in 1973.
“It’s a testament to the excitement surrounding his ancient win, his annual celebration, and the start to his common-sense, America primary objective, ” Danielle Alvarez, a spokesperson for the annual commission, told the Wall Street Journal. “To date, he has delivered on promise after promise: securing our border, building up our economy, and peace through strength on the world stage. ”
